Guide on Pag-IBIG MP2 Savings Features & Application Details
PAG-IBIG MP2 SAVINGS – Here is a guide on the features, qualifications, and the application process for this savings program of Pag-IBIG Fund.
In the Philippines, there are a lot of government agencies with services and offers that are exclusive for their members. One of these is Pag-IBIG Fund. Millions of Filipinos are actually members of this government institution – employed and self-employed individuals, overseas Filipino workers (OFWs), and other voluntary members.
Pag-IBIG Fund is most popular for its Housing Loan offer. Meanwhile, it now has multiple loan offers including the Pag-IBIG Cash Loan and the Pag-IBIG Calamity Loan. It also has a savings program – the Pag-IBIG MP2 Savings.
The MP2 Savings is a “a special voluntary savings facility with a 5-year maturity”. It was crafted for active members of the government agency who wants to save more money and earn higher dividends.
Under the Pag-IBIG MP2 Savings, you can easily save for only a minimum of P500.00 to start saving. The dividends are exempted from tax deductions and you can withdraw them annually or after the 5-year maturity of your savings account. It is government-guaranteed. This offer is open for both former Pag-IBIG members and existing members of the government agency.
How to apply for the MP2 Savings? You can open an account via the Virtual Pag-IBIG. You are allowed to open multiple accounts and you are allowed to remit a one-time lump sum amount for the whole five-year period. There is no limit as to how much you can invest but you will be required to make a remittance through a personal or Manager’s Check in case your onetime savings exceeded P500,000.00.
You may also visit – PAG-IBIG FUND LOANS – Full List of Loans Offered By Pag-IBIG Fund