PAG-IBIG BENEFITS Flashcards
The __________, otherwise known as Pag-IBIG (Pagtutulungan sa kinabukasan. Ikaw, Bangko, Industriya at Gobyerno) Fund is a mutual provident savings system for private and government employees and other earning groups, supported by matching mandatory contributions of their respective employers with housing as the primary investment.
- Home Development Mutual Fund
_______ is a fast, easy and affordable way for a member to save for his future needs. The contributions that a member makes together with the employer counterpart are credited to his Total Accumulated Value (TAV).
- Savings or Provident Savings Program
______ are meant to provide assistance to its members, provided they are active) and have made at least 24 monthly contributions. There are two short-term loan programs that a member may avail of when the need arises.
- Short-Term Loan Programs
The ______ Program is extended to members who have been affected by a recent calamity, as proven by a declaration of calamity in their area of residence.
- The Calamity Loan
. The ________ Program was designed to help finance members’ immediate medical, educational or livelihood needs; minor home improvement, purchase of appliance and furniture, and other related needs.
- Multi-Purpose Loan program
_______ that an eligible member may avail of in the form of housing loans are either the End-User Financing Program or the Magaang Pabahay, Disenteng Buhay Program.
-Housing Programs