Pag-IBIG Fund Home Lending Program Updates Acmad Rizaldy P. Moti Chief Executive Officer
Pag-IBIG Fund Snapshot 17.39 Million 2016 Net Income 25.01 B Members as of June 2017 2016 Dividends 460.21 B 32.8 B 22.3 B Membership Savings Total Assets HIGHEST EVER! as of May 2017 2016 123 23 2016 Dividend Rate 6.93% Branches per annum Nationwide Posts Worldwide
2009- 2016 Actual Housing Loan Take-outs P57.3 B P43.93 B P45.70 B P40.58 B P40.80 B P33.96 B 30% (11%) P31.82 B 8% P31.53 B 19% 7% (23%) 1% 2016 2010 2015 2009 2011 2013 2014 2012
HL Take-outs Jan - June 2017 17% 34,041 36,139 I N C R E A S E P28.8 B 1 st Sem 2016 vs 1 st Sem 2017 P24.7 B J a n - J u n e 2 0 1 7 P28.8 B 1 st Sem 2016 1 st Sem 2017 1 st Sem 2016 1 st Sem 2017 Worth of Housing Loans 36,139 LOAN VALUE (Php B) NO. OF UNITS Members Acquired New Homes
Housing Performing Loans Ratio (PLR) and Non-Performing Loans (NPL) Ratio PERFORMING LOANS RATIO 90.55% 89.44% 84.71% 80.86% 78.42% 75.00% 2012 2013 2014 2015 2016 1Q 2017 SINGLE DIGIT NPL FIRST TIME EVER 9.45%
HL COLLECTIONS P46.6 B 20% P38.9 B I N C R E A S E 2016 vs 2015 2015 2016 Jan-June 2017 10% P20.5 BILLION INCREASE vs Jun 2016 P25.0 BILLION Inclusive of Acquired Assets Collections
LOW INTEREST RATE FOR REGULAR HOUSING LOAN Borrow up to 6M Multiple housing loans allowed Up to 2 co-borrowers AS LOW AS 5.5% interest rate per annum 1-year re-pricing period Actual Housing Loan Takeouts (January – June 2017) P28.8 B Loan Value 36,139 No. of Units
Affordable Housing Program For Minimum-Wage Earners LOWEST IN THE MARKET! * 3% MONTHLY AMORTIZATION P1,897 * Gross Monthly Income Requirement PER ANNUM P5,420.62 e f f e c t i v e M a y 1 , 2 0 1 7 * 1 s t 5 y e a r s o f a P 4 5 0 K l o a n i n a 3 0 - y e a r l o a n t e r m The ne w rat e is 3 3 % more affordable t han t he pre v iou s 4 .5 % int e re s t rat e .
2016 Socialized Housing Deliveries 24,983 Total No. of Units 60% Availed through Affordable Housing Program Equivalent to 15K UNITS
Affordable Housing Program (2016) No. of Loan Value Interest Rate Units (Approximate) 5 B 4.5% 14,750 2.97 B 6.5% 4,919 7.97 B 19,669 TOTAL
Affordable Housing Program (January to June 2017) Loan Value Loan Amount No. of Units (Approximate) 450K 2.19 B 6,396 & below above 1.08 B 1,868 450K 3.27 B TOTAL 8,264 3% Interest Availment (May to June 2017) Loan Value No. of Units 1,731 619 M
Countryside Housing Initiative (CHI) • Tripartite Partnership between Pag-IBIG Fund, HLURB, & Employers (Target: LGUs, State Universities, Hospitals, etc.) • Financial assistance to employers of formally employed Fund members for acquisition and development of raw land under Group Land Acquisition & Development (GLAD) Program with housing units construction P750,000 LOAN P450,000 LOAN Single-attached in a 60-75 Duplex in a 50 sqm. lot sqm. lot w/ a 50 sq.m. house, w/ a 25 sq.m. house, and and appraised value of P1 M appraised value of P700 K
CHI Program Implementation • Conduct of Housing of Housing Caravan • Allocation of P10 Billion to finance quality homes for military, police, and other government personnel Support of Malacañang through Presidential • Proclamation declaring government lands for AFP/PNP housing
CHI Sample Projects Sto. Nino Heights Subdivision Sanca Ville Subdivision Poblacion, Dangcagan, Bukidnon San Carlos City, Negros Occidental P750,000 P450,000
CHI Sample Projects Villa Veronica Housing L’Oasis Housing San Juan, Gingoog, Misamis Oriental Brgy. Baritan, Malabon City P302 K – P315 K P450 K – P915 K
Red-Tape Reduction
FASTER HOUSING LOAN TRANSACTIONS PROCESSING TIME APPLICATION REQUIREMENTS NOW NOW BEFORE BEFORE 20 27 7 14 DAYS DAYS
Reduced Number of Requirements (from 14 to 7) 1. Housing Loan Application with recent ID photo of borrower/co-borrower (if applicable) (2 copies) 2. Proof of Income 3. One (1) valid ID (Photocopy, back-to-back) 4. Transfer Certificate of Title (TCT)/Condominium Certificate of Title (CCT) (Certified True Copy) 5. Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (photocopy) 6. Contract-to-Sell or similar agreement between the buyer and seller 7. Vicinity Map/Sketch of the Property
G-to-G Transactions
FASTER ISSUANCE OF eCAR P A R T N E R S H I P W I T H B I R TO REDUCE PROCESSING TIME BY ALMOST 90%
FASTER ISSUANCE OF CTC P A R T N E R S H I P W I T H L R A NOW BEFORE 20 2 MINUTES TO 2 WEEKS DAYS
Awards and Recognitions
All these without increasing the monthly mandatory membership savings of P100 only since 1980s.
#YourPagIBIGFundAtYourService
Thank You
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