Guide on Pag-IBIG Contribution Table 2024 based on Income
PAG-IBIG CONTRIBUTION TABLE 2024 – Here is a guide for the kasambahay members of the Pag-IBIG Fund on the monthly premium.
In the Philippines, one of the entities under the government with millions of members is the Pag-IBIG Fund. Its member populace consists a mixture of locally-employed and self-employed individuals, overseas Filipino workers (OFWs), non-working spouses of the members, and kasambahays or household helpers.
Every month, a member of the Pag-IBIG Fund must post a monthly contribution to keep his/her account active and updated. It is the path to qualifying to the loans and services offered by the government-run entity.
With regards to the Pag-IBIG Contribution Table 2024, it actually contains different rates for member premiums depending on the source of income of the member as well as the amount of the monthly income.
In the case of kasambahays, here is the Pag-IBIG Contribution Table 2024:
| Monthly Compensation | MS Rate To Be Paid by the Kasambahay | MS Rate to be Shouldered by the Employer |
| Php 1,500 and below | — | 3% |
| over Php 1,500 to Php 4,999 | — | 4% |
| Php 5,000 and above | 2.0% | 2% |
There is a huge advantage in checking the contribution rates at the start of the year. It is the way to ensure that you are posting the right amount to keep your account updated and active — and eligible for the loan offers of the Fund such as the following:
Pag-IBIG Housing Loan
A member may apply for the Pag-IBIG Housing Loan offer to fund the purchase of a residential property, house construction, home renovation, home loan take-out, and combined loan purposes. The loanable amounts under the Pag-IBIG Housing Loan vary. Here are the qualifications 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
This is the Pag-IBIG cash Loan offer that members can turn to for short-term financial needs. The loanable amounts under the Pag-IBIG cash loan also varies. Here are eligibility requirements for application to the loan 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
Crafted to help the members in times of natural disaster, the Pag-IBIG Calamity Loan loanable amount varies. Here are the qualifications for application:
- 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
