Home Development Mutual Fund (Pag-IBIG Fund)

Home Development Mutual Fund (Pag-IBIG Fund).  Republic Act 7835 mandates employers to contribute to the Home Development Mutual Fund (HDMF), otherwise known as the Pag-IBIG Fund. It is a provident savings system that supplies housing loans to public and private employees, as well as to self-employed persons who apply for membership. It provides housing and land acquisition loans to its members with the lowest interest rate and are payable for up to thirty (30) years.  For this purpose, the following must be done: