Guide on Pag-IBIG Contribution Table 2024 based on Income
PAG-IBIG CONTRIBUTION TABLE 2024 – Here is a guide for the locally-employed members of the Pag-IBIG Fund and their employers on the premiums.
The Pag-IBIG Fund is one of the government agencies that have millions of members from across the nation. It also has several members abroad as many overseas Filipino workers (OFWs) are also in the pursuit of managing active and updated accounts.
Every month, a Pag-IBIG member must submit a contribution to maintain an active and updated account. The rate varies and it is important to check it from time to time to ensure that you are paying the right amount.
With regards to the Pag-IBIG Contribution Table 2024, it depends whether you are locally-employed, self-employed, an OFW, or a voluntary member. With regards to locally-employed individuals, their employers may pay for a share on the monthly contribution.
Here is the Pag-IBIG contribution table 2024 for locally-employed members of the government office and the share of the employers:
| Contribution Rate | Monthly Compensation | Employee’s Monthly Contribution | Employer’s Share |
| 1.0% | Php 1,500 and below | 1.0% | 2.0% |
| 2.0% | Over Php 1,500 | 2.0% | 2.0% |
Members of the Fund with an active and updated account may qualify to the Pag-IBIG loans. Here are the offers that are up for the members:
Pag-IBIG Housing Loan
The Housing Loan is the most popular loan offer of the Fund. It can finance the acquisition of a residential property, a house construction, a home renovation, and a home loan take-out. The loanable amounts under the Pag-IBIG Housing Loan vary depending on certain factors and here are the eligibility requirements for application:
- active Pag-IBIG Fund member with least 24 months savings
- not more than 65 years old at the date of loan application and is not more than 70 years old at the date of loan maturity
- no Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered
- legal capacity to acquire and encumber real property
- If with existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated
Pag-IBIG Multi-Purpose Loan
The Pag-IBIG also offers a cash Loan that is multi-purpose. A member may apply for it to finance a travel, to make a huge purchase, to get the car repaired, etc.
With regards to loanable amounts under the Pag-IBIG cash loan, it may vary but the Fund has set a percentage with regards to the maximum borrowing amount allowed under the offer. Here are the qualifications under the offer:
- has posted at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program
- with active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
- if with an existing Pag-IBIG Housing Loan, MPL and/or Calamity Loan, the account/s must not be in default
- has a source of income
Pag-IBIG Calamity Loan
In times of natural disasters, qualified members of the Fund may turn to the Pag-IBIG Calamity Loan loanable amount as an aid for recovery. Here are the qualifications under the Pag-IBIG loan offer:
- a minimum of twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings
- 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
- has proof of income
- If with an existing Pag-IBIG Housing Loan, Multi-Purpose Loan and/or Calamity Loan, the account/s must not be in default