Guide on Pag-IBIG Monthly Contribution Rate 2023 for Self-Employed Members Based on Income
PAG-IBIG MONTHLY CONTRIBUTION 2023 – For self-employed members earning between P1,500 to P4,999, here’s a guide on the monthly premium set by the Pag-IBIG Fund.
A huge part of the Filipino populace is a member of the Pag-IBIG Fund. They are individuals coming from the different walks of life — employed, self-employed, unemployed or voluntary members, overseas Filipino workers, etc.
The Pag-IBIG Fund members benefit a lot from their membership. An up-to-date account that has accumulated at least 24 months of contributions may be eligible to the offers of the government agency that includes the application for Pag-IBIG Cash Loan or also called the Multi-Purpose Loan (MPL) and the Pag-IBIG Housing Loan, its most popular loan offer.
The government agency also offers an aid for members in times of natural disaster. The qualified members who are residing in calamity-stricken areas may apply for the Pag-IBIG Calamity Loan offer.
However, for the qualification to these loan offers of the Pag-IBIG Fund, a member must have an active and updated account which is possible by regularly posting Pag-IBIG Monthly Contribution 2023.
The Pag-IBIG Monthly Contribution 2023 depends on the employment status of the member as well as the income. For self-employed members who are earning between P1,500 to P4,999 in a month, the contribution rate is 2% of their monthly income.
For example, if you are self-employed who earns P3,500 in a month, you will have to pay the monthly premium of P70.00 which is 2% of the amount earned in a month.
There are several loan offers that the Pag-IBIG Fund has crafted for its members. In applying for these loan offers, you may obtain the copy of the loan application forms online.