Guide on Pag-IBIG Savings P2,200/month Total Upon Maturity
PAG-IBIG SAVINGS P2,200/MONTH – Here is a guide on how much a member will get after 20 years under this monthly contribution rate.
Not many members are aware but you can actually increase your Pag-IBIG Fund monthly contribution. Many people would surely want to boost their preparation for the future. It is not only a savings but it also earns huge interest.
With regards to the standard basis for the monthly contribution rates for members, the members who earn below P10,000 must regularly post a monthly contribution that is equivalent to 4% of their monthly income — half of it will be shouldered by the member while the other half must be paid by the employer.
For the Fund members who earn P10,000 per month and above, the standard contribution rate is P400.00 which is divided between the member and the employer of the member. If you want a higher Pag-IBIG savings after 20 years, you may raise your monthly contribution to up to P2,200 per month.
If your monthly contribution is P2,200 per month, here are the total Pag-IBIG Savings you will get after 20 years, the total dividends it has earned, as well as the total regular savings which is a combination of your savings and the dividends:
- Pag-IBIG Savings: P184,605.92
- Dividends: P461,514.81
- Total Regular Savings after 20 years: P1,015,332.57
Pag-IBIG Housing Loan
When it comes to housing loans, the Pag-IBIG Fund’s offer is undeniably one of the most popularly and preferred. It is ready to finance he purchase of a real estate property, a house construction, a home renovation, a home loan take-out, or even multiple purposes. Here are the qualifications under the offer:
- active member with least 24 months savings
- not more than 65 years old at the date of loan application
- not more than 70 years old at the date of loan maturity
- Legal capacity to acquire and encumber real property
- No Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered
- If with existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated
There are more excellent features that you might wish to know more about the Pag-IBIG Housing Loan.
Pag-IBIG Multi-Purpose Loan
In times of need for cash, members of the Fund may turn to the Pag-IBIG Multi-Purpose Loan or also called MPL. Here are the eligibility criteria set under the offer:
- 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
- at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program
- has no Pag-IBIG Housing Loan, MPL and/or Calamity Loan in default
- reliable source of income
There are more excellent features that you might wish to know more about the Pag-IBIG Multi-Purpose Loan offer.
Pag-IBIG Calamity Loan
The Philippines is prone to natural disasters. In times of calamities, members of the Fund who are living in areas declared under a State of Calamity may turn to the Pag-IBIG Calamity Loan offer.
Pag-IBIG HEAL Loan
For the Pag-IBIG Fund members, big dreams don’t have to stop when you are already paying for a Housing Loan. After five (5) years of paying your existing Housing Loan with the state entity, you may achieve your other goals like a business expansion through the Pag-IBIG Home Equity Loan offer.
- an active member, or with at least one (1) monthly membership savings within the last six (6) months
- not more than sixty-five (65) years old at the date of application and not more than seventy (70) years old at loan maturity
- having the legal capacity to acquire and encumber real property, whenever applicable
- having an existing Pag-IBIG Housing Loan that has been approved or taken out for at least five (5) years as of date of application
- The existing housing loan/installment account/s must have been paid regularly and on time, within the last twelve (12) months immediately prior to the date of application. This applies whether the borrower is a principal borrower/buyer or co-borrower of the loan.
- have passed the satisfactory background/credit and employment/business check of the Pag-IBIG Fund
- have no outstanding Pag-IBIG Short-Term Loan (STL) in arrears at the time of application. If STL is in arrears, it must be updated first.
There are more excellent features that you might wish to know more about the Pag-IBIG HEAL Loan.
Pag-IBIG HELP Loan
There are also the Health and Education loan programs that the Fund offers or the Pag-IBIG HELPs. It is intended to help in the health and education needs of the members who meet the following qualifications:
- an active Pag-IBIG member with at least one (1) monthly contribution posted within the last six (6) months
- with at least 24 monthly membership savings under the Pag-IBIG Regular Savings
- avail the loan from Pag-IBIG HELPs partner schools and/or hospitals
There are more excellent features that you might wish to know more about the Pag-IBIG HELPs.