Guide on Pag-IBIG Savings P1,000/month Total Upon Maturity
PAG-IBIG TOTAL CONTRIBUTION P1,000 – You can check here a guide on your total savings after 20 years for posting this monthly premium rate to the Pag-IBIG Fund.
You might be wondering about the secured advantage in posting a monthly contribution to the Pag-IBIG Fund that is way higher compared to what most members pay for every month. How about posting P1,000 as monthly contribution to the Fund?
The Pag-IBIG Fund member populace is composed of Filipinos coming from different walks of life. Many of its members are locally-employed individuals who are either working in the government or the private sector.
Other members of the Fund includes self-employed individuals, household helpers, Filipinos who are working abroad, and voluntary members. Aside from the safety net that the Fund provides through the Pag-IBIG loans for members, are you thinking about increasing your monthly premium in the pursuit for a bigger Pag-IBIG total contribution?
The Pag-IBIG Fund applies varying rates as Pag-IBIG monthly contribution based on the income of the member. For members who earn P10,000 and above monthly, you have the option to increase your monthly premium.
While you can be part of the multitude of members who post P400.00 as Pag-IBIG contribution every month, P200.00 from the member and P200.00 from the employer, you can increase your premium to P1,000 every month for a bigger Pag-IBIG total contribution when the maturity of your membership hits.
If you will post P1,000 as monthly premium for 20 years, your Pag-IBIG total contribution will be P240,000. Aside from it, your savings will be yielding a dividend of P221,514.18 bringing your total take-away to P461,514.81.
- Pag-IBIG Savings: P240,000
- Dividends: P221,514.18
- Total Regular Savings after 20 years: P461,514.81
Pag-IBIG Housing Loan
You might have heard about the Pag-IBIG Housing Loan offer which is undeniably one of the most prominent offers of the Fund. Under it, a member-borrower may obtain an access to financing service to fund the purchase of a real estate property, a house construction, a home renovation, a home loan take-out, or even multiple purposes. Here are the qualifications:
Here are the qualifications under the Pag-IBIG Fund Housing Loan offr:
- active member with least 24 months savings
- not more than 65 years old at the date of loan application
- not more than 70 years old at the date of loan maturity
- Legal capacity to acquire and encumber real property
- No Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered
- If with existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated
Are you interested to know more about the Pag-IBIG Housing Loan offer?
Pag-IBIG Multi-Purpose Loan
When it comes to the loan offer that can attend to multiple cash needs, you may turn to the Pag-IBIG Multi-Purpose Loan. Also called MPL or cash loan, the said offer is open for members who meet the following qualifying standards:
- 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
- at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program
- has no Pag-IBIG Housing Loan, MPL and/or Calamity Loan in default
- reliable source of income
Are you interested to know more about the Pag-IBIG Multi-Purpose Loan offer?
Pag-IBIG Calamity Loan
In times of calamities, the members of the Fund may turn to the Pag-IBIG Calamity Loan offer. Through it, they can obtain an access to cash that could in recovering from the impacts of the calamity,
Pag-IBIG HEAL Loan
Have you heard about the Home Equity Loan offer of the Fund or also known as the Pag-IBIG HEAL? It is open for members of the Fund who have existing loan offers as it was crafted to help the members with existing loans achieve their other goals in life. Here are the eligibility requirements under the offer:
- an active member, or with at least one (1) monthly membership savings within the last six (6) months
- not more than sixty-five (65) years old at the date of application and not more than seventy (70) years old at loan maturity
- having the legal capacity to acquire and encumber real property, whenever applicable
- having an existing Pag-IBIG Housing Loan that has been approved or taken out for at least five (5) years as of date of application
- The existing housing loan/installment account/s must have been paid regularly and on time, within the last twelve (12) months immediately prior to the date of application. This applies whether the borrower is a principal borrower/buyer or co-borrower of the loan.
- have passed the satisfactory background/credit and employment/business check of the Pag-IBIG Fund
- have no outstanding Pag-IBIG Short-Term Loan (STL) in arrears at the time of application. If STL is in arrears, it must be updated first.
Are you interested to know more about the Pag-IBIG HEAL Loan offer?
Pag-IBIG HELP Loan
The Pag-IBIG Fund also got its members health education loan programs — or the Pag-IBIG HELP. Here are the qualifications under the offer:
The Fund also has the Health and Education loan programs known as the Pag-IBIG HELPs. It aims to help address the health and education needs of the members who qualify to the following criteria:
- an active Pag-IBIG member with at least one (1) monthly contribution posted within the last six (6) months
- with at least 24 monthly membership savings under the Pag-IBIG Regular Savings
- avail the loan from Pag-IBIG HELPs partner schools and/or hospitals
Are you interested to know more about the Pag-IBIG HELPs offer?