Guide on Pag-IBIG Contribution Table 2024 based on Income
PAG-IBIG CONTRIBUTION TABLE 2024 – Here is a guide for the self-employed members of the Pag-IBIG Fund on the monthly premium.
One of the government-run entities in the Philippines that provide multiple loan offers is the Pag-IBIG Fund. However, its loan offers are solely for its members. It has millions of members composed of Filipinos in the country as well as abroad.
The Pag-IBIG membership is mandated among the employees of the private and public sectors. Another huge chunk of the Pag-IBIG member populace is composed of self-employed individuals.
The rates with regards to the premiums of the monthly contribution among the locally-employed members of the Pag-IBIG Fund and the self-employed members differ. In the case of the latter, it all depends on the monthly income of the member.
Here is the Pag-IBIG contribution table 2024 for the self-employed members of the Fund:
| Monthly Income | Contribution Rate |
| at least Php 1,000 to Php 1,500 | 1% |
| Php 1,500 to Php 4,999.99 | 2% |
| Php 5,000 and above | 3% |
There is a huge advantage in checking the Pag-IBIG contribution table 2024 set for you ahead or at the start of the year to make sure you are paying the right premium. It is one way to ensure that your account is updated and you have a huge chance of qualifying for the Pag-IBIG loans:
Pag-IBIG Housing Loan
Among the many loan offers of the Pag-IBIG Fund, the biggest contributor of its fame is the Housing Loan that can finance purposes related to residential properties. The loanable amounts under the Pag-IBIG Housing Loan vary but the Fund guarantees a high maximum borrowing amount. Here are the eligibility criteria a member must meet to qualify:
- active Pag-IBIG Fund member with least 24 months savings
- not more than 65 years old at the date of loan application and is not more than 70 years old at the date of loan maturity
- no Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered
- legal capacity to acquire and encumber real property
- If with existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated
Pag-IBIG Multi-Purpose Loan
The Pag-IBIG Multi-Purpose Loan, also called MPL, was crafted to help address the short-term financial needs of the members. The Pag-IBIG cash Loan is open for both salaried and non-salaried members as well as OFWs and the loanable amounts under the Pag-IBIG cash loan vary. Here are the qualifications for application:
- has posted at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program
- with active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
- if with an existing Pag-IBIG Housing Loan, MPL and/or Calamity Loan, the account/s must not be in default
- has a source of income
Pag-IBIG Calamity Loan
The Pag-IBIG Fund also offers a Calamity Loan that members may turn to in times of natural disaster. The Pag-IBIG Calamity Loan loanable amount depends if there is an existing Calamity Loan or none. Here are the eligibility requirements for application to the loan offer:
- a minimum of twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings
- in active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
- has proof of income
- If with an existing Pag-IBIG Housing Loan, Multi-Purpose Loan and/or Calamity Loan, the account/s must not be in default