Pre-terminate MP2

Can I withdraw my MP2 Savings before its 5-year Maturity

Yes. You may pre-terminate and withdraw your MP2 Savings prior to its 5-year maturity, based on the following reasons:

• For active Pag-IBIG members:
• Total disability or insanity
• Termination from employment due to health reasons
• Retirement
• Permanent migration to another country
• Unemployment due to layoff or company closure
• OFW repatriation from the host country
• Death of the MP2 account holder, with the MP2 Savings to be received by the member’s beneficiaries
• Critical illness of the MP2 account holder or an immediate family member, certified by a licensed physician, and subject to approval by Pag-IBIG Fund
• Other meritorious grounds as may be approved by the Pag-IBIG Fund Board of Trustees

• For Retirees and/or Pensioners:
• Total disability or insanity
• Death of the MP2 account holder, with the MP2 Savings to be received by the member’s beneficiaries
• Critical illness of the MP2 account holder or an immediate family member, certified by a licensed physician, and subject to approval by Pag-IBIG Fund
• Other meritorious grounds as may be approved by the Pag-IBIG Fund Board of Trustees

• For members with compounded dividend payout on their MP2 Savings
• Principal MP2 Savings;
• 50% of the total dividends earned from prior years; and
• 50% of the dividends for the current year, which shall be released after the dividends for the said year have been declared and credited.

• For MP2 Savings with annual dividend payouts
• Principal MP2 Savings, with 50% of the total dividends received from prior years to be deducted from proceeds; and
• 50% of the dividends for the current year, which shall be released after the dividends for the said year have been declared and credited.
  
  

READ MORE MP2 FAQ'S

Pag-IBIG MP2 Savings Calculator

The Pag-IBIG MP2 Savings Program is a bit different from MPL but is another beneficial program offered by Pag-IBIG. The MP2 Savings Program is a voluntary savings program with a five-year maturity that offers higher dividend rates compared to the regular Pag-IBIG Savings Program. 

The Pag-IBIG MP2 Calculator helps members estimate the potential dividends they can earn based on their monthly contributions and the projected dividend rate.

Click Here To Visit MP2 CALCULATOR

Pag-IBIG Calamity Loan Interest Rate

In response to the effects caused by Typhoon Kristine, Pag-IBIG Fund has announced the availability of its Calamity Loan program and Housing Loan payment moratorium to assist affected members.

Members residing or working in areas declared under a state of calamity – including areas in Region IV-A, Ilocos Region, Cagayan Valley Region, Region V, Region VIII, and NCR – may apply for Calamity Loans and one-month Housing Loan payment Moratorium to alleviate their financial difficulties and allocate their funds toward more immediate recovery needs.

“Pag-IBIG Fund is here to provide support to our Filipino workers who are facing financial difficulties caused by Typhoon Kristine through the availability of the Calamity Loan and the grant of one-month housing loan payment moratorium. We want to provide relief to our members in the hardest-hit areas as they recover from the impact of the typhoon. In line with President Ferdinand Marcos, Jr.'s call, we are dedicated to extending all necessary support to help them recover and rebuild,“ said Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development and Chairperson of the 11-member Pag-IBIG Fund Board of Trustees.

The Pag-IBIG Calamity Loan is one of the agency's Short-Term Loan programs designed to provide relief and support to members residing or working in areas declared under the State of Calamity. Qualified members can borrow up to 80% of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer's contributions, and accumulated dividends earned. The loan is offered at a low annual interest rate of only 5.95%, with payment terms of 24 or 36 months, and the first payment deferred for three months.

For members who need financial assistance in areas not declared under a State of Calamity, the Pag-IBIG Multi-Purpose Loan is available to help them recover from the aftermath of the typhoon.

Meanwhile, under the one-month Housing Loan payment moratorium, payments on members' Housing Loans or installments will be suspended for the approved period at no additional cost. Eligible members may apply for the availment of the moratorium program until 31 December 2024, either through the Virtual Pag-IBIG or at the nearest Pag-IBIG branch.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta emphasized the readiness of Pag-IBIG Fund in providing aid to members affected by the calamity.

“We want to assure our members that we will remain proactive in helping them recover. Our immediate priority is to give them assistance in all the ways we can. Our Lingkod Pag-IBIG on Wheels (LPOW) are scheduled to deploy in various areas in Quezon City, Valenzuela, Malabon, Laguna, Batangas, and Bicol.“

“Through our LPOW, Pag-IBIG members may submit their Calamity Loan applications to aid in their immediate recovery, file for insurance claims if their homes mortgaged under Pag-IBIG Fund are damaged, and file for a Housing Loan for major home repairs. Our members can always count on us for timely and reliable assistance, especially in times of need,“ Acosta added.

Members may also apply for a Calamity Loan or Multi-Purpose Loan online through the Virtual Pag-IBIG.

SOURCE: Virtual Pag-IBIG

Double Your Savings

This is where your monthly savings (contributions) go.

The Pag-IBIG Regular Savings Program is a convenient and government-guaranteed savings facility that gives you high annual dividend earnings. Save more to earn higher dividends.

Read more below to learn more about your Pag-IBIG Fund Regular Savings!

BE A PAG-IBIG MEMBER | CREATE MP2 SAVINGS ACCOUNT

Pag-IBIG Calamity Loan ready for members affected by Typhoon Carina

July 25, 2024 – Pag-IBIG Fund has announced the immediate availability of its Calamity Loan to assist members affected by Typhoon Carina. The typhoon has intensified monsoon rains (habagat), leading to widespread flooding across various regions.

The agency has allocated calamity loan funds to help affected members in Metro Manila, Cainta (Rizal), Baco (Oriental Mindoro), and the Province of Batangas. Additional funds will be released for other areas where State of Calamity may be declared.

“Pag-IBIG Fund is ready to support our Filipino workers with their immediate financial needs through our cash loans. We are closely coordinating with local government units in the hardest-hit areas to ensure that aid reaches those in need promptly, in line with President Ferdinand Marcos, Jr.'s directive to extend all necessary assistance to our fellow Filipinos affected by these calamities,” said Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development and Chairperson of the 11-member Pag-IBIG Fund Board of Trustees.

The Pag-IBIG Calamity Loan is one of the agency’s Short-Term Loan programs designed to provide relief and support to members residing or working in areas declared under a state of calamity. Qualified members can borrow up to 80% of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned. The loan is offered at a low annual interest rate of only 5.95%, with payment terms of 24 or 36 months, with the first payment deferred for two months.

For members who need financial assistance in areas not declared under a state of calamity, the Pag-IBIG Multi-Purpose Loan is available to help them recover from the aftermath of the typhoon.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta emphasized the urgency of providing immediate financial support to members affected by the calamity.

“I have already instructed the deployment of our Lingkod Pag-IBIG on Wheels (LPOW) as soon as roads become safe and passable, to ensure that our services become accessible to our members from the affected areas. Through our LPOW, Pag-IBIG members can submit their Calamity Loan applications to finance their immediate needs, file for insurance claims if their homes mortgaged under Pag-IBIG Fund are damaged, or file for a Housing Loan for major home repairs,” Acosta said.

She further added that members may submit their Calamity Loan applications online through the Virtual Pag-IBIG.

“For members with internet access, they may accomplish, scan, and upload their Pag-IBIG Calamity Loan applications even without a Virtual Pag-IBIG account. They may also submit hard copies of all accomplished applications to their company’s accredited Fund Coordinators along with the required documents for processing. And starting Monday (July 29), members whose employers are enrolled with STL online with Employer Interface may also submit their applications via the Virtual Pag-IBIG for Employers, making the process as easy and convenient as possible. Just make sure that you have activated your Virtual Pag-IBIG Account and your Loyalty Card Plus so that we can immediately credit the proceeds of your Calamity Loan. We want to reassure our members that they can count on Pag-IBIG Fund for timely and reliable assistance in their time of need.”

Source: Pag-IBIG Fund

Pag-IBIG OPEN on Saturdays

Bukas kami kahit Sabado!

Some of our branches are OPEN on Saturdays to serve you better! Please see list of branches and schedules below:

Housing Business Centers (Open on August, 17, 24, and 31, 2024; 8AM to 5PM) 

-NCR Housing Business Center in JELP Business Solution Center, Mandaluyong

-Calamba Housing Business Center in Calamba, Laguna

-Pampanga Housing Business Center in San Fernando, Pampanga

Pag-IBIG Branches in Malls (Open every Saturdays, 8 AM to 5 PM)

NCR

Fishermall

Citisquare Malabon

Ayala Malls the 30th (7AM to 5 PM)

Southgate Mall Makati

Ayala Malls Circuit Makati

SM Aura

Lucky China Town Mall

Robinsons Place Las Piñas

Ayala Malls Manila Bay

Antipolo- Robinsons 

Dasma- Robinsons Place

Imus- Robinsons Place

Rosario-SM City Rosario

Luzon

Ilocos Norte - Robinsons Place

Dagupan - BHF Family Plaza

Urdaneta - CB Mall 

Tuguegarao - Robinsons Place

Batangas - Nuciti Central Mall

Calamba - City Mall

Sta. Rosa - Victory Mall

Calapan - Gaisano Capital

Puerto Princesa - NCCC Mall

Naga - Robinsons Place

Visayas

Talisay - Gaisano Capital SRP

Cebu-Colon - Gaisano Capital Southcorner

Mandaue - Parkmall 168

Mactan - Gaisano Mactan Island Convention Center

Tacloban - Robinsons North

Ormoc - Robinsons Place 

San Jose de Buenavista - Robinsons Place

Iloilo-Molo - GT Plaza Mall

Bacolod - Gaisano Grand City Mall

San Carlos - Gaisano Capital

Mindanao

Valencia - Robinsons Place (9 AM to 6 PM)

San Francisco - Gaisano Capital

Iligan - Robinsons Place (9 AM to 6 PM)

Practical Tips to Save Money

Here are some practical tips to help you Save Money:

Budgeting and Planning

01. Create a Budget: Track your income and expenses to see where your money is going. Stick to a budget to avoid overspending.

02. Set Savings Goals: Determine what you're saving for (e.g., emergency fund, vacation, down payment) and set realistic targets.

Reduce Expenses

03. Cut Unnecessary Subscriptions: Cancel subscriptions and memberships you don’t use regularly.

04. Shop with a List: Avoid impulse buying by making a shopping list and sticking to it.

05. Cook at Home: Eating out can be expensive. Plan meals and cook at home to save money.

06. Buy Generic Brands: Opt for generic or store brands instead of name brands to save on groceries and household items.

07. Reduce Energy Usage: Lower your utility bills by turning off lights when not in use, using energy-efficient appliances, and reducing heating and cooling costs.

Smart Shopping

08. Use Coupons and Discounts: Look for coupons, discounts, and deals before making purchases.

09. Buy in Bulk: Purchase non-perishable items in bulk to save money in the long run.

10. Compare Prices: Use price comparison websites and apps to find the best deals.

Financial Management

11. Automate Savings: Set up automatic transfers to your savings account to ensure you save consistently.

12. Use a Savings Account with High Interest: Choose a savings account that offers a higher interest rate to maximize your savings.

13. Avoid Unnecessary Fees: Be mindful of bank fees, late payment fees, and other charges that can add up over time.

Debt Management

14. Pay Off High-Interest Debt: Focus on paying off high-interest debt (like credit cards) to reduce the amount of interest you pay.

15. Consolidate Debt: Consider consolidating your debt to lower your interest rate and simplify payments.

Lifestyle Changes

16. DIY Whenever Possible: Do-it-yourself projects can save money on home repairs, gifts, and other expenses.

17. Limit Entertainment Costs: Look for free or low-cost entertainment options, such as parks, libraries, and community events.

18. Use Public Transportation: Save on gas, parking, and maintenance by using public transportation, carpooling, or biking.

Mindful Spending

19. Wait Before You Buy: Implement a waiting period (e.g., 24 hours) before making non-essential purchases to determine if you really need them.

20. Track Your Progress: Regularly review your budget and savings goals to stay motivated and make adjustments as needed.

BONUS: Freelancing and Consulting

1. Freelance Writing: Write articles, blog posts, or copy for businesses and websites.
2. Graphic Design: Create logos, marketing materials, and digital content for clients.
3. Web Development: Build and maintain websites for small businesses or individuals.
4. Social Media Management: Manage social media accounts and create content for businesses.
5. Consulting: Offer your expertise in areas such as marketing, finance, or business development.

Implementing even a few of these tips can help you save money and improve your financial situation over time.