Guide on Pag-IBIG Contribution Table 2024 based on Income
PAG-IBIG CONTRIBUTION TABLE 2024 – Here is a guide for the overseas Filipino worker (OFW) members of the Pag-IBIG Fund on the monthly premium.
Even though overseas Filipino workers or OFWs usually spend more time in another country than in the Philippines to work, there are entities under the government that have opened their membership to Pinoys working or living abroad. One of these entities is the Pag-IBIG Fund.
The Pag-IBIG Fund has millions of members. Most of those that comprise its member populace are locally-employed individuals in the public and private sectors in the country. Meanwhile, it also has several OFW members who maintain an updated account to the state entity.
The members of the Pag-IBIG Fund who have updated accounts may qualify to the loans and services it offers. Thus, even OFW members are in the pursuit of posting contributions regularly to maintain an active account. A lot of members have also checked the Pag-IBIG Contribution Table 2024 ahead of posting their premiums.
The monthly premiums vary. In the case of the OFW members, here is the Pag-IBIG Contribution Table 2024:
| Employment Status | Monthly Income | Country | Contribution Rate |
| Land-Based | over Php 1,500 | All Countries | 2% of the basic salary |
| Sea-Based | over Php 1,500 | All Countries | 2% of the basic salary |
The Fund has several loan offers that members who have active and updated accounts may apply for. Here are the loans and the eligibility requirements under each offer:
Pag-IBIG Housing Loan
Undeniably, among the loans offered by the Fund, this one is the most popular. It provides the financing of residential property-related purposes. The loanable amounts under the Pag-IBIG Housing Loan offer varies 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 Multi-Purpose Loan offer, also called the MPL or the Pag-IBIG cash loan, was designed to help address the member’s short-term financial needs with varying loanable amounts under the Pag-IBIG cash loan offer. Here are the qualifications for application:
- 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 disaster, this can be an option for a Pag-IBIG member residing or working in a State of Calamity. The Pag-IBIG Calamity Loan loanable amount varies and here are the qualifications for application to the 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