About
Pag-IBIG Fund
Home Development Mutual Fund (HDMF)
Established: December 14, 1980
Legal Basis: NA
The Home Development Mutual Fund, more popularly known as Pag-IBIG Fund, is a state-managed corporation that was created in the 1980s. An acronym for "Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno” (English: Cooperation for the Future: You, the Bank, Industry and the Government), Pag-IBIG Fund continues to uphold its twin mandates of: (1) mobilizing the savings of Filipino workers through a nationwide membership savings program; and (2) providing an affordable financing scheme for its members who wish to acquire their own homes
| Year | Event |
|---|---|
| 1978 | The birth of the Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, was an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker. The Fund was established on 11 June 1978 by virtue of Presidential Decree No. 1530 primarily to address these two basic yet equally important needs. Under the said law, there were two agencies that administered the Fund. |
| 1979 | Less than a year after on 1 March 1979, Executive Order No. 527 was signed. The order directed transferring the administration of the Fund to the National Home Mortgage Finance Corporation, which was one of the operating agencies of the then Ministry of Human Settlements. |
| 1980 | Seeing the need to further strengthen the stability and viability of the two funds, Executive Order No. 538 was issued on 4 June 1979, merging thefunds for private and government personnel into what is now known as the Pag-IBIG Fund. However, it was only on 14 December 1980 when Pag-IBIG was made independent from the NHMFC with the signing of PD 1752, which amended PD 1530. With the improved law in effect, the Fund'srule-making power was vested in its own Board of Trustees. Likewise, PD 1752 made Pag-IBIG membership mandatory for all SSS and GSIS member-employees. |
| 1986 | Months after former President Corazon C. Aquino assumed leadership of the country, Pag-IBIG contributions were suspended from May to July 1986. This gave way to the Presidential Task Force on Shelter to conduct a thorough review of the Fund and its operations. The task force later affirmed that Pag-IBIG Fund was run professionally and that there were no anomalies in the Fund. On 1 August 1986, former President Aquino directed the resumption of Pag-IBIG membership under Executive Order No. 35. Membership was still on a mandatory basis but under more liberal terms. For one, contribution rate was reduced from three percent to one percent for employees earning over P1,500. Employer share was likewise cut from three percent to a fixed rate of two percent. The Maximum Fund Salary was raised from P3,000 to P5,000. |
| 1987 | 1 January 1987 marked the return of the Pag-IBIG Fund to a voluntary program under Executive Order No. 90. While many companies chose to discontinue their Pag-IBIG membership, quite a number, including big companies like PLDT and Dole Philippines, nevertheless opted to retain their membership to the Fund despite the voluntary nature of registration. |
| 1994 | After eight years as a voluntary fund, the nature of Pag-IBIG membership reverted to mandatory on 17 June 1994 when President Fidel V. Ramos signed Republic Act 7742 |
| 1995 | The new law became effective on 1 January 1995. |
| 2006 | The Fund's efforts towards housing the Filipino did not go unnoticed. During the World Habitat Day celebration in October 2006, Pag-IBIG was given the prestigious Scroll of Honour Awards by the United Nations Human Settlements Program (UN-Habitat) for "making the dream of affordable housing a reality for hundreds of thousands of households." Pag-IBIG is the first Philippine government agency to be awarded such recognition. |
| 2009 | Recognizing HDMF's contributions through the years and the need to further strengthen its capability as the biggest source of housing finance in the country to date, President Gloria Macapagal-Arroyo signed into law Republic Act No. 9679 or the Home Development Mutual Fund Law of 2009. The law was signed on 21 July 2009. Under the new HDMF law, membership to the Pag-IBIG Fund is made mandatory for all SSS and GSIS-covered employees; uniformed members of the AFP, BFP, BJMP and PNP; as well as Filipinos employed by foreign-based employers. Now more than ever, Filipino workers will enjoy the benefits that are available only to Pag-IBIG members. Likewise, the law grants the HDMF exemption from tax payments like other government provident institutions. With its tax-exempt status reinstated, Pag-IBIG will have more funds to finance housing and short-term loans as well as investments in government securities. Income from these endeavors is distributed exclusively to Pag-IBIG members in the form of dividends. The HDMF Law of 2009 also gives the Board of Trustees the authority to set the contribution rates, thereby paving the way for members to save more for their future. Similarly, this will bolster the Fund's resources for home financing. Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno. To this day, the Pag-IBIG Fund continues to harness these four sectors of the society to work together towards providing Fund members with adequate housing through an effective savings scheme. |
Financial and Operational Matters
Transparency Seal — COA Audit Opinion & Financial Statements
Audited Financial Statements
Quarterly Reports
Corporate Operating Budget
Trial Balance
Governance
Transparency Seal — Officials, Subsidiaries, CPCS & Documents
Compensation and Position Classification System (CPCS)
Category, Grade, Tier, and corresponding MBS Structure
Governance Documents
2025 Composition and Committee Membership of the HDMF Board of Trustees
2025 Complete Compensation package
2025 Board Risk and Capital Committee Report
2025 Information on Board Committees and Their Activities
Risk Management Program
2025 Attendance Record of Directors in Board and Committee meetings
Signed Board Meetings for CY 2025
Signed Board Oversignt Committee Meetings for CY 2025
Charter Statement/Mission-Vision Statements
Manual of Corporate Governance
2025 Certificate of Compliance with the GCG Code of Corporate Governance
2024 Certificate of Compliance with the GCG Code of Corporate Governance
CSR Statement - BUILDing a brighter future
Freedom of Information (FOI) Reports
Freedom of Information (FOI) Feedback Narrative Report
One-page FOI Manual
People's FOI Manual
Subsidiaries/Affiliates
Not Applicable
Investment
—
Not Applicable
On the Board and Officers
Performance
Programs, KPI Stats & Performance Reports
Acquired Assets
Select from a wide array of affordable acquired properties for sale.
Multi-Purpose Loan
Get the extra cash you need to fund your goals at easy payment terms.
Expanded 4PH Program
Bilang tugon sa panawagan ni Pangulong Marcos, ang Pambansang Pabahay para sa Pilipino Program ay ihinahatid ng Department of Human Settlements and Urban Development (DHSUD) upang lalong maging mas abot kaya na ang pabahay sa mga Pag-IBIG Fund members.
Regular Housing Loan
Own your dream home with the Pag-IBIG Housing Loan. Borrow up to Php 10 million at low interest rates.
Be a Pag-IBIG Member
Sign up or update your records to maximize the benefits of your Pag-IBIG membership.
Home Improvement Loan
Turn your plans into progress with affordable home upgrades.
Regular Savings
Save for your future with our mandatory savings while earning annual dividends.
MP2 Savings
Stay worry-free and grow your savings safely.
Loyalty Card Plus
Enjoy exclusive discounts and rewards from Loyalty Card partners.
Virtual Pag-IBIG
Enjoy Pag-IBIG Fund services anytime, anywhere!
Performance Reports
Procurement & Bidding
Transparency Seal — Procurement Monitoring & Documents
Contracts Awarded with the Winning Supplier, Contractor, or Consultant
61 Projects · Total Budget ₱910.7M
Annual Procurement Plan (APP)
Documents
FOI manuals and governance documents
Documents
Other Supporting Documents
Legal Disclaimer
Important information regarding the use of this transparency portal
Purpose of the Transparency Portal
The Pag-IBIG Fund Transparency Portal is maintained to promote transparency, accountability, and public access to information relating to the governance, operations, financial performance, and other disclosures of the Home Development Mutual Fund (Pag-IBIG Fund). It is established and maintained in compliance with applicable laws, rules, regulations, and government issuances governing transparency, good governance, and public disclosure, including the requirements of the GCG–DICT Joint Memorandum Circular No. 002, Series of 2026, as may be amended or supplemented.
Accuracy and Currency of Information
Pag-IBIG Fund exerts reasonable efforts to ensure that the information published in this Portal is accurate, complete, and up to date at the time of posting. However, information may subsequently be amended, corrected, updated, or superseded as a result of new laws, regulations, official issuances, or administrative actions. Users are encouraged to verify information requiring official confirmation with the appropriate Pag-IBIG Fund office.
No Legal Advice or Official Interpretation
The information provided in this Portal is for general informational purposes only and shall not be construed as legal advice or as an official legal interpretation of any law, rule, regulation, or Pag-IBIG Fund issuance. In the event of any inconsistency, the applicable laws, regulations, official issuances, and duly approved records of Pag-IBIG Fund shall prevail.
Official Records
This Portal is intended to facilitate public access to information. In the event of any discrepancy between the information published in this Portal and the official records of Pag-IBIG Fund, the official records shall prevail.
Privacy
This Portal is publicly accessible and does not require user registration or login. Any personal information that may be collected through communications, feedback, or technical processes in connection with the operation of this Portal shall be processed in accordance with the applicable data privacy laws, rules, and regulations.
Use and Reuse of Information
Unless otherwise indicated, information published in this Portal may be used, reproduced, or shared, subject to applicable laws and proper attribution to the Home Development Mutual Fund (Pag-IBIG Fund). Any modifications, adaptations, or derivative works based on such information should be clearly identified and must not misrepresent the original content.
Limitation of Liability
Subject to applicable laws, Pag-IBIG Fund shall not be liable for any loss or damage arising from the use of, or reliance upon, information contained in this Portal, except where such liability is expressly provided by law.
Intellectual Property
Unless otherwise stated, the contents of this Portal, including text, graphics, logos, and other materials, are owned by, licensed to, or lawfully used by Pag-IBIG Fund. Third-party materials, where identified, remain the property of their respective owners and are subject to their applicable intellectual property rights.
Contact
For inquiries, requests for correction, or concerns regarding the contents of this Transparency Portal, please contact:
transparency@pagibigfund.gov.ph