9 Pag-IBIG Contributing Member Benefits Summary

1. Pag-IBIG Savings Program

Members of Pag-IBIG have access to a savings account that serves as

their contribution benefit. If you are an employee, your monthly contributions will
be doubled immediately. Increasing your monthly Pag-IbiG contribution will allow
you to earn more dividends. It will also increase its dividends each year.

If any of the following occur, you may withdraw your Pag-IBIG regular savings:

● After 20 years or 240 months of contributions, membership expires.

● Optional retirement at 60 years old or mandatory retirement at 65 years
old (mandatory).
● Discharged from service for medical reasons.
● Total disability or insanity.
● Exit permanently from the country.
● In addition to the death benefit, legal heirs also receive the savings upon
death.
● The member's or immediate family member's life-threatening illness.

2. Pag-IBIG MP2 Program

Source: Pag-IBIG Fund

The Pag-IBIG MP2 program is an optional savings vehicle for active or
former members who wish to earn even greater annual dividends. MP2 has a
 minimum savings requirement of PHP 500 and earns tax-free dividends at a
higher rate than standard programs.

You can receive earnings from Pag-IBIG MP2 by:

● After its five-year maturity, MP2 dividends will be compounded annually.
● Through yearly payouts, your dividends are credited to your Pag-IBIG-
accredited bank savings or checking account.

3. Pag-IBIG Loyalty Card Plus

Source: Pag-IBIG Fund

Pag-IBIG Loyalty Card Plus is one of the numerous Pag-IBIG benefits you
should be aware of. The Pag-IBIG Loyalty Card program, which was introduced
in 2014, provides additional services and benefits to its members. You can
receive discounts and rewards at over 300 Pag-IBIG partner businesses.

4. Pag-IBIG Housing Loans

The organization is known for providing housing loans to its members.

Nonetheless, Pag-IBIG provides two housing loan programs: the Affordable
Housing Loan (AHP) for Minimum Wage Earners and the End-User Home
Financing Program (EUF).
5. Pag-IBIG Mortgage Redemption Insurance

When obtaining a Pag-IBIG housing loan, Mortgage Redemption

Insurance is required (MRI). This non-life insurance from Pag-IBIG will cover
your mortgage in the event of your death or a critical illness. However, you are
responsible for the MRI premiums.

6. Pag-IBIG Calamity Loan

Pag-IBIG aims to assist members in areas afflicted by flood, fire, or any

other disaster. You can apply for a calamity loan if you actually live in a region
under a state of disaster. You are permitted to borrow up to 80% of your total
Pag-IbiG savings.

7. Pag-IBIG Salary Loan

Pag-IBIG offers a salary loan as well. This Pag-IBIG benefit, also known
as the Pag-IBIG multi-purpose loan, is a short-term loan that can be used for
home improvements, tuition, and other purposes. You can borrow up to 80% of
your total Pag-IBIG savings with a 24-month repayment period.

8. Pag-IBIG Provident Benefits

Contributing members can withdraw their Pag-IBIG savings at age 60

(optional) or 65 upon retirement (mandatory). If you're at least 45 years old, you
can also apply for provident benefits. To be eligible, however, your contributions
must total 20 years or 240 months.

9. Pag-IBIG Death Benefits

 You may file a claim for death benefits if you are the legal heir or
beneficiary of a deceased Pag-IBIG member who did not claim their savings
benefits while they were alive. Pag-IBIG does not provide funeral or burial
benefits, in contrast to SSS, where death benefits and retirement benefits are
handled separately.

References:

Zoleta, V. (2017, November 24). 9 Ways to Maximize Your Pag-IBIG Fund

Benefits. Moneymax; www.moneymax.ph.
https://www.moneymax.ph/government-services/articles/pag-ibig-benefits