(NAR) VOL. 29 NO. 2/ APRIL - JUNE 18
1. The retention fee for developer-assisted housing loan accounts and the transfer/registration fee for retail housing loan accounts shall be at a rate depending on the following:
This shall repeal Section II.1 of Pag-IBIG Fund Circular No. 388, or the Additional Amendments Relative to the Conversion of CTS to REM under Item C of Circular No. 298 and Item C.3.3.2 of Circular No. 259. All other terms and conditions provided in the said Circular shall continue to be in full force and effect.
Loan Amount
Up to P500 , 00
Ove r P500 , 000 to P2 , 000, 000
Ove r P2,000,000 to P6, 000, 000
Bureau of Internal Revenue (BI R)
3 . 5%
5 . 0%
8 . 0%
Registry of Deeds (RD)
3 . 0%
1 . 5%
1 . 0%
Local Government Unit (LGU)
1 . 0%
1 . 0%
1 . 0%
Tota l
7 . 5%
10 . 0%
2. In case the developer is exempted from the payment of tax, no retention fee shall be deducted from the housing loan takeout proceeds up to the extent of the said exemption; provided, the developer shall furnish Pag-IBIG Fund with proof of Certificate of Tax Exemption issued by the SIR Commissioner.