The Pag-IBIG Fund has approved a special relief package for repatriated overseas Filipino workers (OFWs), allowing qualified members to withdraw savings early and secure a temporary pause on housing loan payments as they rebuild their lives back home.
Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, said the move comes as the government ramps up repatriation efforts for OFWs affected by ongoing tensions in the Middle East.
Under the package, eligible members may withdraw up to 100 percent of their Pag-IBIG Regular Savings—including employee and employer contributions plus accrued dividends—even before the standard 20-year maturity period. They may also fully access their Modified Pag-IBIG II (MP2) Savings, including earnings, ahead of its five-year term.
Qualified borrowers may also avail of a three-month moratorium on housing loan payments without incurring interest or penalties, with loan terms extended accordingly.
“Through this benefits package, qualified members may access their Pag-IBIG savings and receive temporary relief on housing loan payments, giving them more room to support their families and meet urgent needs,” Aliling said.
As of February, Pag-IBIG Fund records show 891,427 registered OFW members in the Middle East, including 86,234 MP2 savers and 40,024 housing loan borrowers. The largest concentrations are in Saudi Arabia, Qatar, the United Arab Emirates, and Kuwait.
