Author Topic: How to Avail the OFW Pag-Ibig Overseas Program  (Read 734 times)

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How to Avail the OFW Pag-Ibig Overseas Program
« on: May 12, 2012, 10:52:40 PM »
The Pag-IBIG Overseas Program (POP) is a voluntary savings program which aims to give Filipino overseas contract workers ,immigrants and naturalized citizens the chance to avail of a housing loan of as much as P 2,000,000.00 and save for the future.

We will feature in How-To Guide the things you need to know to be part of OFW POP Savings Program:

Qualifications of POP members
Any Filipino or former Filipino citizen who works overseas is eligible to become a member of the Pag-IBIG Overseas Program by accomplishing the Members Data Form and paying the required monthly membership contributions

Required Monthly Savings
   Required Monthly saving for OFW POP
   Gross   Monthly Income    Required Monthly Savings
   US   $ 1000 and below    US$ 20.00
   Over   US$ 1000 to US$ 2000    US$ 40.00
   Over   US$ 2000    US$ 50.00

Prominent features of OFW POP
Guaranteed by the Government of the Republic of the Philippines
Tax Free Interest Earnings (No Witholding Tax)
Fixed Interest Rate of 7.5%/annum for Peso Savings and 3%/ annum for US$ Savings
Portable ( Even if member change employer/country of work)

Member can withdraw their savings in occurrence of the following:
membership maturity of 5 or 10 years
separation from work due to health reasons
Total Disability or Insanity

Required documents for refund of savings
Original copy of POP Passbook Application for Provident Benefit
Special Power of Attorney ( if applicable)
You can file for membership, withdraw membership, remit or pay monthly savings at the following places:

Pag-IBIG Overseas Program Office
POP Overseas Offices
Accredited Overseas Marketing Representatives Metro Manila and Provincial Offices
Accredited Collecting Banks/Remittance Companies

Members can pay at the following places

PNB London (Savings Acct. No. 0725-219601-401)
ABC UK (UKD 2000097)

Asia Pacific
PNB HK (Savings Acct. No. 0730-475270-501)

United States of America
Oceanic Bank (Savings Acct. No. 3700143)
PNB New York (Savings Acct. No 1713)
ABC Guam (Savings Acct. No. 5000-00355-4)

Middle East
BPI  Atrium (Savings Acct. No. 3124-0221-09)
Speed cash
ABC Head Office (Savings Acct. No. 1002-071759)

Bank of Nova Scotia (Savings Acct. No. 2164-10)

Remittance may also be made to any of the following banks:
RCBC (Savings Acct. No. 8000-08787-5)
PNB Makati Ave. (Savings Acct. No. 265706641-1)
LBP (Savings Acct. No. 2204-008496)
PCIB (Savings Acct. 5463-00176-8) | Your smart guide to money matters and entrepreneurship.

How to Avail the OFW Pag-Ibig Overseas Program
« on: May 12, 2012, 10:52:40 PM »

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