Guide on Pag-IBIG Savings P2,200/month Total Upon Maturity
PAG-IBIG TOTAL CONTRIBUTION P2,200 – You can check here a guide on your total savings after 20 years for posting this monthly premium rate to the Pag-IBIG Fund.
In the Philippines, a lot of Filipinos prepare for the future not only by running a progressive business but also by ensuring that they are safekeeping money in venues where their funds can earn dividends. One of these trusted venues is the Pag-IBIG Fund.
To keep an active account, members of the Pag-IBIG Fund who earning less than ₱10,000 are required to make a monthly contribution equal to 4% of their income. According to the state entity, this amount is split evenly the employee pays half, while the employer covers the other half. Meanwhile, there is an option for a higher monthly contribution rate should you wish a bigger takeaway when your account hits the maturity.
You can actually raise your monthly premium to P2,200 per month for a bigger Pag-IBIG Total Contribution when your account hits the maturity. A member can get all his/her savings plus the dividends it has earned after 20 years.
If you contribute ₱2,200 every month, here’s what your Pag-IBIG savings will look like after 20 years including the total amount you’ve saved, the dividends it has earned, and the combined value of your regular savings plus 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
The Housing Loan program of the Fund remains one of the most popular and trusted options for the Filipino people. It is available for financing a purchase of a property, house construction, home improvement projects, loan take-outs, and even other related purposes. Below are the qualifications a member-borrower should meet to avail 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
When Pag-IBIG Fund members need extra cash, there is the Pag-IBIG Multi-Purpose Loan (MPL) that they can turn to. Below are the eligibility requirements 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 vulnerable to natural disasters considering its geographical location. During times of calamity, Pag-IBIG members residing in areas which were declared under a State of Calamity may avail the Pag-IBIG Calamity Loan offer.
Pag-IBIG HEAL Loan
For Pag-IBIG Fund members, big dreams don’t have to just remain as dreams once you start paying for a Housing Loan. After five years of consistently paying for your existing Pag-IBIG Housing Loan, eligible member-borrowers can actually other goals like buying a car through the Pag-IBIG Home Equity Loan program.
- 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
The Fund also offers Health and Education Loan Programs, known as Pag-IBIG HELPs. These offerings are designed to support members in meeting their health and education needs. To qualify, members must meet the following qualifying requirements:
- 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.