How to Get the Most Out of Your Pag-IBIG Fund Benefits

Published: November 24, 2017 | Updated: October 30, 2020 | Posted by: Venus Zoleta | Government Services

Pag-IBIG Fund Benefits: Tips to Maximize | Moneymax

What makes you cringe every time you check your payslip? Yes, it’s the tax and other numbers deducted from your salary.

While it’s normal to feel bad about parting with your hard-earned money (who doesn’t?), know that those deductions, including your Pag-IBIG contributions, are for your own good. Think of them as forced savings, investments, and insurance that will help you and your family during financial emergencies or when you buy a home or retire.

You’ll realize the value of paying your monthly contributions when you need to avail of a benefit. But before you get to that, learn how to maximize your Pag-IBIG Fund benefits to get the most out of your contributions and to avoid problems when you claim your benefits.

Read more: 9 Useful Pag-IBIG Benefits You Should Know About

How to Maximize Your Pag-IBIG Fund Benefits

1. Verify Your Pag-IBIG Contributions

how to maximize pag-ibig fund benefits

When you need to apply for a multi-purpose loan or a housing loan, you can’t just go straight to a Pag-IBIG branch without making sure that you’re qualified for a loan.

To get approved for any Pag-IBIG loan, you must be an active member and have paid at least 24 monthly contributions. You must also have paid at least five contributions for the past 6 months before your loan application date.

If you’re a regular employee, your company may not be up-to-date in its Pag-IBIG contribution payments. If you’re self-employed, you may have missed some monthly payments. Either way, you have to check your contributions and ask your HR for updates or remit the missed payments yourself.

How to inquire about your Pag-IBIG contributions:

  1. Go to the nearest branch and request for Pag-IBIG contribution verification<
  2. Call Pag-IBIG’s 24/7 hotline number: 724-4244
  3. Send an email to
  4. Use Pag-IBIG’s chat support
  5. Send a private message to Pag-IBIG Fund Facebook page
  6. Use the OFW Member’s Contribution Verification system. This Pag-IBIG online facility is available only to overseas Filipino workers.

Provide your full name, date of birth, and the name of your current and previous employers when you ask for Pag-IBIG contribution verification.

2. Enroll in the Pag-IBIG Savings Program

Why do I have to enroll when my salary deductions already go to my Pag-IBIG savings, you might ask.

Pag-IBIG Fund offers an additional savings facility that yields higher profits than the regular contributions deducted from your salary. One of the least-known Pag-IBIG Fund benefits, the Modified Pag-IBIG 2 (MP2) is an optional five-year investment program quite similar to a time deposit.

Pag-IBIG members whose gross monthly income is higher than PHP 5,000 may enroll in the program and contribute at least PHP 500 per month. In five years of saving PHP 500 monthly, you can earn PHP 34,484.17 at a 5.5% annual dividend rate or PHP 36,202.34 at a 7.43% rate, according to Pag-IBIG Fund.

This savings scheme is even safer than Unit Investment Trust Funds (UITFs), according to Pag-IBIG Fund President and CEO Acmad Rizaldy Moti. The government guarantees the earnings and contributions of Pag-IBIG members. “In a UITF, there’s a risk you’ll get an amount lower than your savings over the years. But when you invest in the MP2 program, the worst-case scenario is zero profit, but your principal amount will always remain,” shares Moti.

To enroll in the program, you can go to a Pag-IBIG office or do it online.

How to register online in the Modified Pag-IBIG 2 program:

  1. Go to the Modified Pag-IBIG 2 Enrollment System
  2. Fill out and submit the online MP2 enrollment form
  3. Print the electronic form (the MP2EF) that has your MP2 account number
  4. Present the MP2EF to a Pag-IBIG branch and pay your contribution

Read more: Pag-IBIG MP2 Guide: How to Enroll and Invest in MP2 Savings Program

3. Increase Your Monthly Pag-IBIG Contributions

Did you know that you can increase profits from your dividends and qualify for higher loan amounts? You can choose to pay more than the minimum monthly contribution of PHP 200 (PHP 100 deducted from your salary plus PHP 100 contribution from your employer). There’s no maximum voluntary amount that you can add to your monthly contribution.

To increase your monthly Pag-IBIG contributions, inform your HR department about it, and your company will deduct the additional savings amount from your salary and remit it to Pag-IBIG. You may be asked to sign a form related to your increased monthly contributions.

If you’re self-employed or an OFW, you don’t have to accomplish any form. Simply pay the higher monthly contributions to Pag-IBIG, and these will be automatically credited to your total savings. You may pay through the following channels:

  • Any Pag-IBIG branch
  • Visa or MasterCard credit card
  • Globe GCash
  • Bayad Center outlets
  • SM Business Centers, Save More, and SM Hypermarket

4. Get a Pag-IBIG Loyalty Card

how to maximize pag-ibig fund benefits

Sample Pag-IBIG Loyalty Card. Photo from Pag-IBIG Website

If you don’t have a Pag-IBIG Loyalty Card, you’re missing out on a lot of such as discounts and rebates that cardholders enjoy for health care, education, and living expenses.

You can avail of these discounts from partner companies using a Loyalty Card:

  • 5% to 50% discount on medicines
  • 10% to 20% discount on tuition fees
  • PHP 10 discount on LPG

How to apply for a Pag-IBIG Loyalty Card:

  1. Fill out a Pag-IBIG Loyalty Card application form
  2. Submit the application form to the nearest Pag-IBIG office
  3. Pay PHP 100 for the card
  4. Your picture will be taken, and your information will be validated. You’ll be also asked to sign on the signature tablet.

Your Loyalty Card will be issued within 15 days.

Read more: Simple Steps to Applying for a Pag-IBIG Loyalty Card

Final Thoughts

Getting the most out of your Pag-IBIG Fund benefits will give you peace of mind knowing that your hard-earned money will go a long way in the future. Following these four tips will change the way you see your salary deductions. That’s one less reason to weep about each time you check your payslip.

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