Pag-IBIG Fund Home Lending Program Updates Acmad Rizaldy P. Moti - - PowerPoint PPT Presentation
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
Acmad Rizaldy P. Moti
Chief Executive Officer
Members
as of June 2017
460.21 B
Total Assets
as of May 2017
32.8 B
Membership Savings
2016
2016 Dividends
HIGHEST EVER!
2016 Net Income
Branches Nationwide
Posts Worldwide
2016 Dividend Rate
per annum
2009- 2016 Actual Housing Loan Take-outs
P31.82 B P40.58 B P33.96 B
2012
P43.93 B
2015 2014 2013
7% 19% 8%
P57.3 B
P31.53 B
2011
1%
P40.80 B
2010
P45.70 B
2009
(11%) (23%)
2016
30%
HL Take-outs Jan - June 2017
1st Sem 2016
P24.7 B
P28.8 B
1st Sem 2017
LOAN VALUE (Php B)
I N C R E A S E
1st Sem 2016 vs 1st Sem 2017
J a n - J u n e 2 0 1 7
Worth of Housing Loans
Members Acquired New Homes
34,041 36,139
1st Sem 2017 1st Sem 2016
Housing Performing Loans Ratio (PLR) and Non-Performing Loans (NPL) Ratio
78.42% 80.86% 84.71% 89.44%
90.55%
2013 2014 2015 2016 1Q 2017
PERFORMING LOANS RATIO
SINGLE DIGIT NPL FIRST TIME
75.00% 2012
Jan-June 2017
Inclusive of Acquired Assets Collections
I N C R E A S E
2016 vs 2015
10%
INCREASE
vs Jun 2016
2015
P38.9 B
P46.6 B
2016
LOW INTEREST RATE FOR REGULAR HOUSING LOAN
Borrow up to 6M Multiple housing loans allowed Up to 2 co-borrowers
interest rate per annum
1-year re-pricing period
Loan Value
P28.8 B
36,139
Actual Housing Loan Takeouts
(January – June 2017) AS LOW AS
Affordable Housing Program
For Minimum-Wage Earners
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 .
PER ANNUM
* 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 e f f e c t i v e M a y 1 , 2 0 1 7
MONTHLY AMORTIZATION
Gross Monthly Income Requirement
P5,420.62
LOWEST IN THE MARKET! * *
2016 Socialized Housing Deliveries
Total No. of Units
Availed through Affordable Housing Program Equivalent to
UNITS
Affordable Housing Program (2016)
Interest Rate
Units Loan Value (Approximate)
4.5% 14,750
5 B
6.5% 4,919
2.97 B
TOTAL
19,669
Affordable Housing Program
(January to June 2017)
Loan Amount
Loan Value (Approximate)
450K
& below
6,396
2.19 B
above
450K
1,868
1.08 B
TOTAL 8,264
3.27 B
3% Interest Availment (May to June 2017) Loan Value
Countryside Housing Initiative (CHI)
Partnership between Pag-IBIG Fund, HLURB, & Employers (Target: LGUs, State Universities, Hospitals, etc.)
assistance to employers
formally employed Fund members for
acquisition and development of raw land under Group Land Acquisition & Development (GLAD) Program with housing units construction
P450,000 LOAN
Duplex in a 50 sqm. lot w/ a 25 sq.m. house, and appraised value of P700 K
P750,000 LOAN
Single-attached in a 60-75
and appraised value of P1 M
Caravan
quality homes for military, police, and
Proclamation declaring government lands for AFP/PNP housing
Poblacion, Dangcagan, Bukidnon
P750,000
Sanca Ville Subdivision
San Carlos City, Negros Occidental
L’Oasis Housing
P450 K – P915 K
Villa Veronica Housing
San Juan, Gingoog, Misamis Oriental
FASTER HOUSING LOAN TRANSACTIONS
BEFORE
27
DAYS
NOW
20
DAYS PROCESSING TIME APPLICATION REQUIREMENTS
BEFORE
NOW
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
P A R T N E R S H I P
W I T H B I R
FASTER ISSUANCE
OF eCAR
TO REDUCE
PROCESSING TIME BY ALMOST
P A R T N E R S H I P
W I T H L R A
FASTER ISSUANCE
OF CTC
BEFORE
WEEKS
NOW
MINUTES TO2 DAYS
All these without increasing the monthly mandatory membership savings of