Guide on Pag-IBIG Contribution Rate 2023 for Self-Employed Members Based on Income
PAG-IBIG CONTRIBUTION RATE 2023 – If you are self-employed and you earn between P1,000 to P1,500 monthly, here’s a guide on the monthly premium or savings rate.
Millions of Filipinos are Pag-IBIG Fund members. This government agency was the turn to of many of its members in acquiring a residential property in a very affordable way. The state institution’s Housing Loan offer also covers purposes such as the financing of a house construction, a home renovation, or a home loan take-out.
Apart from the Housing Loan, the state agency also provides other loan options to qualified members. These offers include the Pag-IBIG cash loan, the Multi-Purpose Loan (MPL), and the Pag-IBIG Calamity Loan.
To qualify for these loans, members need to maintain up-to-date accounts. To do it, the member must post regular monthly payments based on the Pag-IBIG contribution rate for 2023 set for him/her.
The member’s source of income and their monthly earnings are factors in figuring thePag-IBIG monthly contribution rates. In the case of self-employed members, the member pays the full contribution set.
If you are self-employed and earning between P1,000 to P1,500, the total monthly contribution rate is equivalent to 1% of your monthly income.
For example, if your monthly salary is P1,000, your Pag-IBIG monthly contribution 2023 is P100 (1000 x 0.01).
Do you want to check on the full list of loans offered by the government agency? Kindly visit – Pag-IBIG Loan Offers: Full List of Loans You May Apply For.
The Pag-IBIG Fund also has an investment program. Feel free to visit – Pag-IBIG MP2 Savings: Its Features, Qualifications, Application Process.
In applying for a Pag-IBIG loan offer, you may obtain the application forms online:
