HDMF is the provident financial institution in the Philippines, and membership is mandatory for all Filipino employees, onshore and offshore.
The Pag-IBIG Citi Prepaid Card is a reloadable prepaid card and can be used for the disbursement of Multi-Purpose Loans (MPL) and Calamity loan proceeds. Members may sign up to avail of the card for the release of their benefits upon filing their loan applications.
MPL aims to provide financial assistance to fund members concerning various needs such as: minor home improvements, tuition and medical expenses, health and even additional capital for small businesses. Meanwhile, fund members who reside in calamity-stricken areas can apply for a calamity loan where they can borrow up to 80 per cent of their total savings.
Borrowers who are interested to apply for the card can go to the nearest Pag-IBIG branch office and file their loan application. Once approved, the loan proceeds will be credited to their Pag-IBIG Citi Prepaid Card, and the member can then make purchases at more than 130,000 Visa-accepting merchants nationwide and withdraw cash at any local ATMs.
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Autor(en)/Author(s): Clarice Africa
Quelle/Source: futureGov, 05.02.2013
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