PAG-IBIG REQUIREMENTS WITHDRAW SAVINGS – Here are the documents needed for the withdrawal of your your Pag-IBIG savings.
The benefits of maintaining an updated account to the Pag-IBIG Fund does not only include having a turn-to when certain circumstances take place. You can also get your savings when it hits maturity or even prior under certain grounds cited by the government agency.
Pag-IBIG Withdraw Contribution 2023 — Full List of Requirements Based on Reason
Pag-IBIG Withdraw Contribution 2023 Allowed Under Specific Cases
PAG-IBIG WITHDRAW CONTRIBUTION 2023 – Here is a full list of the requirements for the withdrawal of savings based on the reason.
The Pag-IBIG Fund is one of the government entities in the Philippines with the biggest member populace. It is open not only for locally-employed individuals in the public sector but as well as the local employees in the private sector, the self-employed individuals, the overseas Filipino workers (OFWs), and those who want to make voluntary memberships to the Fund.
Every month, a Pag-IBIG Fund member must remit a monthly savings to keep an active and updated account. Doing so can qualify a member to the loans and services of the Fund which include the Pag-IBIG Housing Loan.
The savings remitted to the Fund is withdrawable when it reaches the optional withdrawal or under certain instances. You can check the grounds where the government agency allows the withdrawal of a member’s contributions.
Optional Withdrawal
A Pag-IBIG Fund member may withdraw his/her contribution after 20 years of posting savings. It is the optional withdrawal of Pag-IBIG savings and there are requirements set by the government agency.
Disability
One of the grounds that the Pag-IBIG Fund allows the withdrawal of savings is when the member gets disabled. The Fund recognizes that the amount may be a huge financial solution into easing the situation of the member and his/her family. There are requirements for Pag-IBIG withdrawal of savings cited by the government agency.
Critical Illness
In case a Pag-IBIG Fund member was diagnosed with a critical illness or anyone in his/her family was, he/she may claim her savings to the state entity. There is a specific list of documentary requirements for Pag-IBIG withdrawal of savings due to critical illness.
Termination from Service by Health Reason
One of the cases in which the Pag-IBIG Fund allows the withdrawal of the savings even prior to its maturity is when a member is terminated from service by health reason. There are documentary requirements for Pag-IBIG Withdrawal of savings under this case.
Permanent Departure from Philippines
In case a Pag-IBIG Fund member is planning to migrate to another country for good, he/she may withdraw her total Pag-IBIG contribution. There are documentary requirements for Pag-IBIG savings claim that must be submitted to the Fund.
For Expatriates
Pag-IBIG Fund members who are expatriates or or the individuals living outside one’s homeland may request for a withdrawal of their savings. The requirements for the Pag-IBIG savings claim for expatriates must be prepared and submitted to the Pag-IBIG Fund to file for the withdrawal of the monthly contributions.