Last 13 April 2021, ECOP conducted an Executive Labor Update on Pag-IBIG Fund’s Programs and Services entitled “Pag-IBIG in the Time of COVID-19”. The virtual discussion featured Ms. Geraldine Pauig, Head of the Makati-Jupiter branch of Pag-IBIG Fund.
Ms. Pauig discussed the following benefits and programs to its members: a) Pag-IBIG Regular Savings, b) Pag-IBIG Short-Term Loans, and c) Pag-IBIG MP2 Savings. Under the Regular Savings, Ms. Pauig provided a comparison of the competitive interest rate it offers versus other commercial banks in the market. She also elaborated how members can upgrade their premium contributions every month. She also discussed MP2 Savings which has a higher dividend rate than the Pag-IBIG Regular Savings.
With regard to the available short-term loans of Pag-IBIG, they offer either a Multi-Purpose Loan (MPL) or a Calamity Loan. The MPL may be used for a) educational expenses, b) minor home improvement, or c) health and wellness/other purposes, while the Calamity Loan is a financial assistance that can be availed by active Pag-IBIG Fund members in calamity-stricken areas. In light of the current pandemic, Pag-IBIG is now accommodating online applications for short-term loans to make it safer and more convenient for members.
Ms. Pauig also introduced the “Virtual PAG-IBIG”, an online application which provides assistance to members for their needs and concerns in terms of loan application and payment, real-time updates regarding their Pag-IBIG savings, Loyalty Card Plus cash transactions, and even chat with a Lingkod Pag-IBIG. Aside from the “Virtual Pag-IBIG”, there is also the “Virtual Pag-IBIG for Employers”, which provides an easier, safer, and more convenient way for employers to transact for their employees.
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