Guide on Pag-IBIG Savings P400/month Total Upon Maturity
PAG-IBIG TOTAL CONTRIBUTION P400 – You can check here a guide on your total savings after 20 years for posting this monthly premium rate to the Pag-IBIG Fund.
The Pag-IBIG Fund is one of the state-run entities in the Philippines with a multi-million member populace. Its members includes locally-employed individuals in the government and the private sector, self-employed Filipinos, overseas Filipino workers (OFWs), and voluntary members.
Members of the Fund post a contribution or premium on a monthly basis to keep their accounts updated and increase the chance of eligibility to the different Pag-IBIG loans that members may apply for. Most members of the state entity got a monthly contribution rate of P400.
For Pag-IBIG Fund members who are earning below P10,000 monthly, the state-run entity requires a monthly contribution that is equivalent to 4% of the monthly income of the member. Out of the said premium, 2% will be shouldered by the member while the remaining 2% is paid by the employer.
P400.00 which is the monthly contribution amount common among countless members of the Pag-IBIG Fund is composed of P200.00 from the employer and P200.00 from the member. You might be wondering about your Pag-IBIG Total Contribution if you continue posting P400.00 monthly including your employer’s share.
The contributions to the Pag-IBIG Fund mature after 20 years. If you are posting P400.00 on a monthly basis, your Pag-IBIG total contribution upon the maturity will be P96,000.00. According to the Fund, the total dividends will be P88,605.92. bringing your takeaway to P184,605.92.
- Pag-IBIG Savings: P96,000.00
- Dividends: P88,605.92
- Total Regular Savings after 20 years: P184,605.92
Pag-IBIG Housing Loan
The Pag-IBIG Housing Loan offer undeniably remains the most prominent loan offer of the Fund. In fact, its offer is one of the most sought-after loans of its kind in the market. It is known for its light monthly amortizations.
- 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
You can check the full details of the Pag-IBIG Housing Loan offer.
Pag-IBIG Multi-Purpose Loan
Looking for a cash loan offer? The Fund also got the Pag-IBIG Multi-Purpose Loan or also called the MPL. It is open for members who meet the following qualifications:
- 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
You can check the full details of the Pag-IBIG Multi-Purpose Loan offer.
Pag-IBIG Calamity Loan
The Fund also made sure that its members have something to turn to in times of calamities — the Pag-IBIG Calamity Loan offer. It is designed to help members living in areas declared under a State of Calamity recover from the impacts of the natural disaster.
Pag-IBIG HEAL Loan
Through the Pag-IBIG Home Equity Loan or also called the Pag-IBIG HEAL, members of the Fund who have existing Housing loan accounts is extended an option to push through with their other goals. This cash loan offer is open for the Pag-IBIG members who meet the following eligibility criteria:
- 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.
You can check the full details of the Pag-IBIG HEAL Loan offer.
Pag-IBIG HELP Loan
The Pag-IBIG Fund also wants to make sure that its members have something to turn to for Health and Education loan programs. Thus, it came up with the Pag-IBIG HELP Loan which is open for the following:
- 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
You can check the full details of the Pag-IBIG HELPs offer.