The Pag-IBIG Health & Education Loan Programs (HELPs) provide accessible financial support for health and education expenses. Designed to assist Pag-IBIG Fund members, HELPs offer competitive interest rates, exclusive discounts, and hassle-free transactions with accredited partner schools and hospitals nationwide, ensuring convenience and exclusive member benefits. Funds are directly credited to accredited institutions, simplifying the payment process for members.
Understanding this loan program is valuable for those seeking financial assistance for tuition fees, medical bills, or both. With no processing fees and flexible repayment terms, Pag-IBIG HELPs ensures members can focus on their needs without unnecessary financial strain.
Loan Terms and Benefits
Pag-IBIG HELPs is a financial assistance initiative by the Pag-IBIG Fund designed to help members cover medical and educational expenses through loans with flexible terms and low interest rates. It offers accessible solutions for essential health and education needs while maximizing the value of a member’s savings and contributions through competitive loan terms and benefits:
- Loan Amount: Up to 80% of total Pag-IBIG Regular Savings.
- Loan amounts under HELPs are tied to a member’s total Pag-IBIG Regular Savings, including contributions, employer contributions, and dividends.
- The loan amount is adjusted for outstanding loan balances if applicable.
- Interest Rate: Fixed at 10.5% per annum.
- Repayment Terms: Choose between 6, 12, 24, or 36 months.
- No Processing Fees: Receive the full loan amount with no deductions.
- Flexible Payment Options: Payments can be made in different ways—via salary deduction, at Pag-IBIG branches, or through accredited collecting partners and online channels.
Note: Under this program, Pag-IBIG members benefit not only from affordable rates but also from dividends and returns, as the agency reinvests loan proceeds into members’ savings.
Target Beneficiaries
It was designed for Pag-IBIG members who need financial assistance for health and education-related expenses.
- Active Pag-IBIG members with regular contributions.
- Members seeking support for tuition fees at accredited partner schools.
- Individuals needing funds for medical expenses at partner hospitals.
- Employees, self-employed individuals, and Overseas Filipino Workers (OFWs) meeting the eligibility requirements.
Qualifications
To qualify for the program, member applicants must at least meet the following criteria:
- Be an active Pag-IBIG member with at least one contribution in the last six months.
- Have at least 24 months of contributions under the Pag-IBIG Regular Savings.
- Maintain good standing on all existing Pag-IBIG loans (e.g., Housing Loan, Multi-Purpose Loan, or Calamity Loan).
- Avail of services only from HELPs-accredited schools or hospitals.
These qualifications ensure that applicants are committed members of the Pag-IBIG Fund and capable of responsibly managing their loans.
Required Documents
As part of their application, applicants must submit specific documents based on their employment status:
General Requirements:
- Accomplished Pag-IBIG HELPs Application Form.
- Billing Assessment from an accredited partner school or hospital.
- One (1) valid ID.
For Locally Employed Individuals:
- Certificate of Net Pay (on the back of the application form) completed by the employer, or
- Latest payslip authenticated by an authorized signatory.
For Self-Employed Individuals:
- Income Tax Return (ITR), Audited Financial Statements, and Official Receipt of tax payment.
- Additional supporting documents, such as bank statements, commission vouchers, or transport franchise certificates.
For Overseas Filipino Workers (OFWs):
- Employment Contract or POEA Standard Contract.
- Certificate of Employment and Compensation (CEC).
- ITR filed with the host country/government.
Note: All documents must be complete and accurate to avoid delays in loan processing.
Application Process
Follow these steps to apply for Pag-IBIG HELPs:
Step 1. Visit the nearest Pag-IBIG Branch. Get a HELPs evaluation.
Step 2. Secure a Billing Assessment from an accredited partner school or hospital.
Step 3. Submit the completed application form and required documents at the Pag-IBIG branch.
Step 4. Receive an Acknowledgment Receipt from the branch.
Step 5. Wait for three working days for your loan application to be processed and validated.
The process is easy and straightforward, ensuring that members can access the funds they need promptly for their immediate health or education needs.
Where to Get the Application Form
The application form for Pag-IBIG HELPs can be obtained at any Pag-IBIG branch nationwide. Members can acquire it free of charge, ensuring accessibility for all eligible applicants. Once submitted with the necessary requirements, the processing time for the loan typically takes three working days, allowing members to address their health or education needs promptly.
Frequently Asked Questions (FAQs)
For your reference, here are some of the most common questions and answers regarding Pag-IBIG HELPs:
1. How soon can I renew my Pag-IBIG HELPs loan?
Members can renew their loans after making four monthly payments for six-month terms or six monthly payments for longer terms. The remaining balance will then be deducted from the new loan proceeds.
2. Can I use the loan for multiple institutions?
Yes, as long as the institutions are HELPs-accredited. Members can use the funds for both tuition fees and medical expenses ensuring members have diverse options for health and education services across the Philippines.
Here are some HELPs-accredited institutions:
Schools:
- National Partner: STI Colleges.
- Regional Partners: Our Lady of the Pillar College (Isabela), Good Samaritan Colleges (Nueva Ecija), University of the Visayas (Cebu), and more.
Hospitals:
- Metro Manila: Medical Center Manila, Fe del Mundo Medical Center.
- Mindanao: Rivera Medical Center (Davao), Allah Valley Medical Specialist Center (South Cotabato).
3. Are there additional discounts for using HELPs?
HELPs members enjoy exclusive discounts from partner schools and hospitals, reducing overall costs.
Video: Pag-IBIG Fund Benefits
Aside from the health and education benefits offered by Pag-IBIG through its accredited partners under the HELPs program, the agency also offers an affordable and accessible solution for members needing financial assistance for other things like housing. It also requires clear qualifications, minimal requirements, and a simple application process, which makes it a practical solution to the members’ immediate needs. Whether you need a loan to build a home or to get some cash to pay for your tuition fees or address immediate short-term financial needs, Pag-IBIG has a program to offer, allowing the members to simply focus on achieving their goals while enjoying exclusive benefits from their membership. Watch this video from Jhovz Vlogs or visit the nearest Pag-IBIG branch to learn more about your Pag-IBIG benefits today.