List of Requirements To Withdraw Pag-IBIG Savings due to Permanent Departure
REQUIREMENTS TO WITHDRAW PAG-IBIG SAVINGS – Listed below are the documents needed in filing for withdrawal due to permanent departure from the Philippines.
One of the government agencies with millions of members across the Philippines is the Pag-IBIG Fund. Its members are composed of locally-employed and self-employed individuals, overseas Filipino workers, and those who applied for a voluntary membership to the state entity.
The Pag-IBIG Fund has long been in the service of the Filipino people for decades already. Countless Filipinos obtained a house they can call their own through the help of the government agency.
In the Philippines, a Pag-IBIG membership is mandated in several fields most especially in private companies and government offices. Here are some of the fields were a mandatory membership to the government agency usually applies:
- government employees with GSIS coverage
- employees in the private sector who are 60 years old and below and on permanent, temporary, or provisional status
- land-based overseas Filipino workers (OFWs)
- self-employed individuals earning at least P1,000 per month up to 60 years of age
- sea-based OFWs
- household helpers, gardeners, cooks, drivers, etc. with a salary of at least P1,000 per month
- uniformed personnel like members of the following:
- Armed Forces of the Philippines (AFP)
- Philippine National Police (PNP)
- Bureau of Fire Protection (BFP)
- Filipinos employed by foreign-based employers
If you do not belong to any of the fields mentioned above, you may still apply for a Pag-IBIG membership as the government agency is open for voluntary memberships. Here are the common grounds for voluntary memberships:
- non-working spouse of registered Pag-IBIG members
- pensioners, investors, and individuals with passive income
- religious group and leaders
- Filipino employees of foreign government or international organization
- public officials and employees without GSIS coverage
Every month, Pag-IBIG Fund members remit a monthly savings to the government agency. In the case of locally-employed individuals in the private sector and the government offices, payroll deductions are implemented.
Regularly posting monthly savings is a way to maintain an active and updated account to the government agency. There are several loan offers for the members of the government agency who have active and updated accounts such as the Housing Loan, Multi-Purpose Loan, and Calamity Loan.
The Pag-IBIG Housing Loan 2023 is open to fund the purchase of a residential property, house construction, home renovation, and existing home loan take-out. A member may also apply for combined purposes related to residential properties.
The government agency also offers a Pag-IBIG Multi-Purpose Loan offer that members can apply for to address short-term financial needs. There is also a Pag-IBIG Calamity Loan that members may apply for when a natural disaster hits their place.
The Pag-IBIG savings does not only qualify a member to the loans offered by the Fund. It is also withdrawable when it hits the maturity as well as under certain cases. One of the cases is when a member will be on a permanent departure from the Philippines.
There are requirements to withdraw the Pag-IBIG Savings due to permanent departure from the Philippines. Here are the documents needed:
- Application for Provident Benefits (APB) Claim (1 Original)
- Passport with Immigrant Visa/Residence Visa/Settlement Visa or its equivalent (1 Photocopy)
- Pag-IBIG Loyalty Card/Loyalty Card Plus or one (1) valid ID of the member (1 Photocopy)
- SSS Employment History (as applicable) (1 Photocopy)
- Declaration of Intention to Depart from the Philippines Permanently (HQP-PFF-031) (1 Original) (No need to submit if already based abroad)
The Pag-IBIG Fund will assess the application after the submission of the complete requirements to withdraw the Pag-IBIG Savings. Wait for an update from the government agency.
