Monday, February 21, 2022

How to Create a Virtual Pag-IBIG Account Online


For Loyalty Card Plus holders: How to Create a Virtual Pag-IBIG Account


For OFWs: How to Create a Virtual Pag-IBIG Account


Pag-IBIG Regular Savings at PM2 Savings

Pag-IBIG Regular Savings

You may withdraw your Pag-IBIG Regular Savings should any of the following occur:

  • Membership maturity after 20 years, equivalent to 240 monthly contributions
  • Retirement at age 60 (optional) or 65 (mandatory)
  • Separation from service due to health reasons
  • Permanent departure from the country
  • Permanent and total disability or insanity
  • Upon death, in which case, his legal heirs will receive his TAV plus an additional death benefit
  • Critical illness of the member or any of his immediate family member, as certified by a licensed physician. 


Pag-IBIG MP2 Savings

Once your MP2 Savings reach the 5-year maturity period, you may re-apply for a new MP2 Savings Account.

You may claim your MP2 Savings anytime upon maturity. If unclaimed, your MP2 Savings shall continue to earn dividends for two more years based on the dividend rates of the Pag-IBIG Fund Regular Savings Program. After the said period, it shall no longer earn dividends, and must be withdrawn or claimed.

CREATE VIRTUAL PAG-IBIG ACCOUNT!

MP2 ENROLLMENT HERE

Sunday, February 20, 2022

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What is G-Invest by GCash? 

This is an investment collaboration by GCASH and ATRAM. Affordable and Accessible investment for all Filipinos. You can buy any of ATRAM UITFs (Unit Investment Trust Funds) offered by ATRAM thru GCASH. 

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Saturday, February 19, 2022

Pag-IBIG Fund Finances 22,028 Socialized Homes in 2021, up 30%

Pag-IBIG Fund financed more homes for low-income earners in 2021 even during the pandemic, top executives said on Monday (January 24).

In 2021, the number of socialized homes financed by Pag-IBIG Fund increased 30% to 22,028 compared to the 16,975 socialized units funded in 2020. The amount of socialized housing loans, meanwhile, surged 37% to P9.71 billion compared to the P7.10 billion released in 2020.

“As the pandemic subsists, Pag-IBIG Fund’s Affordable Housing Program continues to help more low-income workers secure homes of their own. For 2021, we have released more funds so that more of our low-wage members have a safe place of their own. Providing service to the underserved is our contribution to the recovery of our country,” said Secretary Eduardo D. del Rosario, Chairman of the Department of Human Settlements and Urban Development (DHSUD) and the 10-member PagIBIG Fund Board of Trustees.

Pag-IBIG Fund’s Affordable Housing Program (AHP) is a special home financing program that caters to the needs of minimum-wage and lowincome members who earn up to P15,000 a month in the National Capital Region (NCR) and members who earn up to P12,000 per month outside the NCR. Under the AHP, home loans worth up to P580,000 come with a subsidized rate of 3% per annum, which is still the most affordable rate in the market today.

Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti added that socialized units make up 23% of the 94,533 total homes funded by the agency in 2021. Meanwhile, socialized home loans comprise 10% of the P97.28 billion in home loans released last year.

“For years, we have been striving to break the glass ceiling of releasing home loans worth P100 billion in a year. In 2021, I’m glad to say that we have achieved this seemingly impossible goal! And we did that by steadily growing our home releases year in and year out. Best of all, we achieved our goal by also growing the number of socialized homes and the number of members helped by the AHP. As I always say, our approach to housing has always been comprehensive. Even amid the pandemic, the AHP still offers the lowest rate in the market, which in turn keeps monthly amortization lower than the cost of rent. And, since qualified borrowers do not need to put out cash for equity under the program, payments are always within budget of low-income members. Walang iwanan lalo na sa panahon ng pandemya. That is the mark of our Lingkod Pag-IBIG brand of service,” said Moti. [END]

SOURCE: Pag-IBIG - Virtual Account

 

Friday, February 18, 2022

How to Apply for Pag-IBIG MP2 Savings Account Online?

How to Apply for Pag-IBIG MP2 Savings Account Online?

Pag-IBIG members can open an MP2 Savings account safely and conveniently online. It is one of the services available via Virtual Pag-IBIG. Previously, we’ve provided you with guides on how you can apply for a salary loan and a calamity loan online. This time, we’re bringing you a guide on the MP2 Savings Program, covering what it is and how you can apply online.


What is MP2 Savings Program?

The Modified Pag-IBIG II (Pag-IBIG MP2) Savings Program is identified as a special and voluntary savings facility with a 5-year maturity, designed for active Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings.

The program is also open to former Pag-IBIG Fund members (pensioners and retirees) with other sources of monthly income, regardless of age, and with at least 24 monthly savings before retirement.

According to Pag-IBIG, they set aside at least 70% of its annual net income and credits it proportionately to its members’ Pag-IBIG Savings as dividends. This means that the more one has saved, the higher dividends that member shall earn.

Moreover, Pag-IBIG Fund invests at least 70% of its investible funds in housing finance, as its Charter requires. It also invests in government securities and corporate bonds. The Pag-IBIG MP2 Savings, being a voluntary program, earns a higher dividend rate than the mandatory Pag-IBIG Regular Savings.

In 2020, the MP2 Savings earned a dividend rate of 6.12%.

Here are the MP2 Savings Dividend Rates over the past nine years.

YearMP2 Savings Dividend Rate
20206.12%
20197.23%
20187.41%
20178.11%
20167.43%
20155.34%
20144.69%
20134.58%
20124.67%
20114.63%
MP2 Frequently Asked Questions















Furthermore, the minimum MP2 savings is PHP 500 per remittance. More so, there is no limit on the amount you can save in the MP2 savings. However, if you wish to save more than PHP 500,000, you would have to issue a personal or manager’s check payable to Pag-IBIG Fund.


How to Open an MP2 Savings Account?

As mentioned, you can open an MP2 Savings account safely and conveniently online via Virtual Pag-IBIG. Once you are issued an MP2 Savings account number, you can start saving.

If you are employed, you may save in the MP2 Savings through your employer, who may deduct from your salary your monthly MP2 Savings and remit this amount to Pag-IBIG Fund. You may also save in the MP2 on your own, via Virtual Pag-IBIG, at any Pag-IBIG Fund branch, or through any of our authorized collecting partner outlets or online payment channels.

However, if you are self-employed or an Overseas Filipino Worker (OFW), you may save in the MP2 Savings anytime using the above payment channels. 

CLICK HERE TO CONTINUE READING PAG-IBIG FAQ'S!


Here are the steps to applying for the MP2 Savings Program online:

  1. Visit the MP2 Enrollment page at www.pagibigfundservices.com/MP2Enrollment.
  2. Enter your:
    1. Pag-IBIG Membership ID (MID) number, 
    2. Last Name, First Name, and 
    3. Birthdate (MM/DD/YYYY).
  3. Type the CAPTCHA code.
  4. Click the Submit button.
  5. In the Desired Monthly Contribution field, enter the amount you wish to remit every month for your Pag-IBIG MP2 savings.
  6. Select your preferred option from the following dropdown menus:
    1. Preferred Dividend Payout: Whether you would like to receive your MP2 dividends annually or by the end of the five-year term.
    2. Mode of Payment: Whether you prefer to pay your MP2 contributions through salary deduction, over-the-counter at any Pag-IBIG branch, or through any Pag-IBIG Fund-accredited collecting partners.
    3. Source of Funds: Your main income source where your MP2 payments will come from.
  7. Click the Submit button.
  8. Your completed Modified Pag-IBIG II Enrollment Form will be displayed, which contains your 12-digit MP2 account number. You have the option to save this form as a PDF file or print it.

Wednesday, February 16, 2022

Kaagapay Program FAQ's

Kaagapay na proteksyon sa bawat miyembro ng Pag-IBIG Fund

(Initially available for Pag-IBIG Loyalty Card and Pag-IBIG Loyalty Card Plus Holders)

What is the Lockton Kaagapay Program?

Ang Lockton Kaagapay Program ay isang bundled insurance na nagbibigay proteksyon sa di inaasahang pangyayari.  Ang coverage nito ay life, accident, hospitalization, at property protection. 

Sa halagang 120 peos kada taon, ang bawat miyembro ng Pag-IBIG Loyalty Card o Pag-IBIG Loyalty Card Plus ay maaring makakuha ng microinsurance. 

Who are eligible to get the Lockton Kaagapay Program?

Currently, Pag-IBIG Loyalty Card and Pag-IBIG Loyalty Card Plus holders can get the Lockton Kaagapay Program.

In the future, we will open the Lockton Kaagapay program to all Pag-IBIG Fund members. For non-cardholders, we highly encourage to get and enjoy the discounts and benefits of the Loyalty Card Plus.

How much is a unit of the Lockton Kaagapay Program? How often do I need to pay to get insurance coverage?

A unit of the Lockton Kaagapay Program is 120 pesos. You get insurance coverage for one year. You just need to pay the 120 pesos per unit one time and you get coverage for the eight benefits.

What do you mean by unit in the Lockton Kaagapay Program?

Unit means the Certificate of Cover (COC) or policy that one avails. Note that Pag-IBIG Loyalty Card and Pag-IBIG Loyalty Card Plus holders can get up to five (5) units per year.

What do you mean by a Loyalty Card / Loyalty Card Plus holder can get up to five units of the Kaagapay Program?

Ang bawat holder ay maaring kumuha ng hanggang limang units ng Kaagapay Insurance. Kung ikaw ay kukuha ng 5 units, ibig sabihin ang benefits at coverage mo sa Kaagapay Program ay magiging 5 times (5x). Tandaan na ang mga coverage sa Kaagapay Program ay subject sa Terms and Conditions ng policy.

Can an OFW get the Lockton Kaagapay Program?

As long as you are a PAG-IBIG Fund Loyalty Card / Loyalty Card Plus holder at ikaw ay kasalukuyang nanirahan sa Pilipinas ikaw ay maaring makakuha ng Kaagapay Insurance.

Kung ang isang Loyalty Card holder ay aalis papuntang ibang bansa o nasa ibang bansa, ang inyong policy ay temporarily suspended except for the Fire and Lightning Cash assistance. Upon return to the Philippines, your coverage resumes.

What are the benefits offered in the Lockton Kaagapay Program?

A unit of the Lockton Kaagapay Progam provides the following benefits:

a. Accidental Death Benefit – Php 22,500

b. Motorcycling (except racing) – Php 22,500

c. Accidental Disablement / Dismemberment – Php 18,000

d. Fire / Lightning Cash Assistance – Php 5,000

e. Ambulance Cash Benefit – Php 1,500

f. Hospital Cash Assistance (Accident and Sickness) – Php 1,000

g. Unprovoked Murder and Assault – Php 4,500

h. Natural Death Benefit – Php 4,500

What are the highlighted terms that I need to know about the Kaagapay Program?

Hospital Cash Assitance – 2-day waiting period applies and 1 incident per unit; does not cover pre-existing conditions; 14-day incubation period for hospitalization due to COVID-19

Ambulance Cash Assistance – 1 incident per unit

What professions shall only be entitled to only 50% of the insurance benefits except for Fire and Lightning (cash assistance benefit)?

• Professional racing, professional divers, and/or other professional sports

• Ships crew and/or stevedores

• Aviation crew

• Military service, armed forces, and police personnel

• Elective positions (e.g. Mayor, Brgy. Captain, Congressman, etc.

What is the motorcycling benefit?

The motorcycling coverage refers to Accidental Death due to Motorcycling. Important po na dapat nakasuot ng safety gear ang driver, may lisensya, at hindi ginamit ang motor for racing.

Kung ikaw ay pasahero ng motor, covered pa din po kayo ng motorcycling benefit ng Lockton Kaagapay Program. Kailangan lang po nakasuot ng proper safety gear at hindi ginagamit sa racing ang motor nung mangyari ang aksidente

Tandaan na basahin ang Terms and Conditions ng inyong policy for additional information.


Madaling Kumuha ng Kaagapay Program

Madali para sa miyembro ng Pag-IBIG Fund na kumuha ng Lockton Kaagapay Program. Internet connection at cellphone o computer lang ang kailangan.

COVERAGE

CLAIM MANAGEMENT

HOW TO PAY?

Visit Official Website Here!

The Business of the Future




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HOW TO MANAGE C'O'V'I'D-19




Would You Like to Learn More About a Business Opportunity that Has The Potential to Replace Your Current Working Income Without Quitting Your Job?

You really ought to try it, either full-time or over weekends. We have a great business opportunity. You can run it from home full time or part time, or any combination.

Saturday, February 12, 2022

How To Create Your Virtual Pag-IBIG Account?

How To Create Your Virtual Pag-IBIG Account?


Here are easy ways for you to create your own Virtual Pag-IBIG Account:

Via your Loyalty Card Plus, CLICK HERE!



Create and Activate your account online, CLICK HERE!



Account Creation for OFWs, CLICK HERE!


Pag-IBIG Regular Savings FAQs

Regular Savings - Frequently Asked Questions

What is the Pag-IBIG Regular Savings Program?

This is where your mandatory monthly membership savings (contributions) go!

The Pag-IBIG Regular Savings is a secure and convenient savings facility that gives you high annual dividend earnings to help secure your future. This is because you can eventually withdraw your savings after membership maturity of 20 years, retirement and other grounds.

How much should I save monthly?

The Pag-IBIG monthly membership savings is pegged at just Php100. Employed members immediately double their monthly savings with the counterpart share of their employees.

Your savings grows even more with the dividends it earns annually.

You may wish to save more than Php100 monthly so that you can save more and earn more.

How does one pay or remit their monthly membership savings to Pag-IBIG Fund?

The monthly savings of formally-employed members are done by and through their employers. Their employers are responsible in remitting their member savings, and their employer counterpart share to Pag-IBIG Fund on a monthly basis.

Self-employed members and Overseas Filipino Workers may save via Virtual Pag-IBIG, at any Pag-IBIG Fund branch or through any of our authorized collecting partners’ outlets or online payment channels.

Employed members who wish to top-up or add to their monthly membership savings may do so through their employers or by saving through the above payment channels.

Can I top up my Pag-IBIG Regular Savings so that I can save more and earn more dividends?

Yes! Save more and earn higher dividends with your Pag-IBIG Regular Savings by increasing your monthly savings. The more you save, the higher dividends you get!

If you are employed, top-up or add to your monthly membership savings through your employer by submitting the “Request for Upgrading of Savings” form. You may also top-up your savings via Virtual Pag-IBIG, at any Pag-IBIG Fund branch or through any of our authorized collecting partners’ outlets or online payment channels.

If you are self-employed or an Overseas Filipino Worker, you may top-up your Pag-IBIG Regular Savings anytime using the above payment channels.

How much dividends do my Pag-IBIG Regular Savings earn?

Pag-IBIG Fund sets aside at least seventy percent (70%) of its annual net income and credits it proportionately to its members’ Pag-IBIG Savings as dividends. This means that the more you save, the higher dividends you shall earn.

In 2020, despite the challenges of the pandemic to our economy, the Pag-IBIG Regular Savings earned a dividend rate of 5.62%.

Can I view my Pag-IBIG Regular Savings records online?

Yes! You can view your Pag-IBIG Regular Savings online, via Virtual Pag-IBIG. Simply create your Virtual Pag-IBIG account for you to view your Regular Savings, including the annual dividends it has earned.

When can I withdraw my Pag-IBIG Regular Savings?

You may withdraw your Pag-IBIG Regular Savings upon the occurrence of certain grounds. These include the following:

    • Membership maturity after 20 years, equivalent to 240 monthly contributions
    • Retirement at age 60 (optional retirement age) or at 65 (mandatory retirement age);
    • Separation from service due to health reasons
    • Permanent departure from the country
    • Permanent and total disability or insanity
    • Critical illness of the member or any of immediate family member, as certified by a licensed physician; or
    • Member’s death, in which case the member’s legal heirs will receive his/her total Pag-IBIG Regular Savings plus an additional cash benefit of not more than P6,000.

Is the return of my Pag-IBIG Regular Savings guaranteed?

Yes, the return of your Pag-IBIG Regular Savings once these can be withdrawn is government-guaranteed.

Where can I read more about the Pag-IBIG Regular Savings?

To know more about the Pag-IBIG Regular Savings, you may download HDMF Circular No. 274, Revised Guidelines on Pag-IBIG Fund Membership by CLICKING HERE!

Pag-IBIG MP2 FAQ's

Modified Pag-IBIG 2 - Frequently Asked Questions

What is Pag-IBIG Fund MP2 Savings Program?

The MP2 Savings Program is a voluntary savings platform for Pag-IBIG Fund members who wish to save more and earn high dividends, in addition to their Pag-IBIG Fund Regular Savings.

Who can save under MP2?

  • Active Pag-IBIG Fund Members; and
  • Former Pag-IBIG Fund Members with other sources of monthly income and/or Pensioners, regardless of age, with at least 24 monthly savings prior to retirement.

Is there a minimum amount that I can save?

Yes. The minimum MP2 savings is PhP500 per remittance.

Is there a limit to the amount that I can save?

There is no limit. You can save as much as you want under MP2. Should you wish to save an amount exceeding PhP500,000.00, you would have to issue a personal or manager’s check.

How do I save under MP2?

You may regularly save a minimum amount of PhP500 every month in your MP2 Savings Account. You may also opt for a one-time savings of a higher amount.

How much dividends will my savings earn?

Your MP2 savings earn tax-free dividends, at a rate higher than the dividend rate of the Pag-IBIG Fund Regular Savings Program.

Pag-IBIG Fund sets aside at least seventy percent (70%) of its annual net income and credits it proportionately to its members’ Pag-IBIG Savings as dividends. This means that the more you save, the higher dividends you shall earn.

In 2020, despite the challenges of the pandemic to our economy, the MP2 Savings earned a dividend rate of 6.12%.

When can I receive my MP2 Dividends?

You can choose to receive your MP2 Dividends through any of the following options:

    • Upon full withdrawal of your MP2 Savings after its 5-year maturity period with your MP2 Dividends compounded annually;
    • Through annual pay-out with your MP2 Dividends credited to your savings or checking account enrolled in any of Pag-IBIG Fund accredited banks, such as the Land Bank of the Philippines (LBP), Development Bank of the Philippines (DBP), or other banks that the Pag-IBIG Fund may accredit in the future. For members who opt for annual dividend payout but have no Philippine bank account, especially in the case of overseas members, MP2 Dividends shall be released to them in the form of checks.

Can I re-apply for a new MP2 Savings Account once my MP2 Savings matures?

Yes. Once your MP2 Savings reach the 5-year maturity period, you may re-apply for a new MP2 Savings Account.

You may claim your MP2 Savings anytime upon maturity. If unclaimed, your MP2 Savings shall continue to earn dividends for two more years based on the dividend rates of the Pag-IBIG Fund Regular Savings Program. After the said period, it shall no longer earn dividends, and must be withdrawn or claimed.

Can I open more than one (1) MP2 Savings Account?

Yes. You are allowed to open and maintain multiple MP2 Savings Accounts.

Are my MP2 Savings guaranteed?

Yes, MP2 Savings are government-guaranteed. However, the annual dividends, may vary depending on several factors, such as Pag-IBIG Fund’s financial performance.

Where does Pag-IBIG Fund invest my money?

Pag-IBIG Fund invests at least 70% of its investible funds in housing finance, as required by its Charter. It also invests in government securities and corporate bonds

How can I enroll?

Simply submit your duly accomplished MP2 Savings Application form at your nearest Pag-IBIG Fund Branch, along with the following:

    • Valid Identification Card; and
    • Passbook or ATM Card of your nominated bank account

You may download the MP2 Savings Application form here.

How do I remit my MP2 Savings?

  • Salary deduction, upon agreement or arrangement with your employer;
  • At any Pag-IBIG Fund Branch; or
  • At any Pag-IBIG Fund-accredited collection partner.


MP2 (Modified Pag-IBIG 2) Savings









HERE IS HOW YOUR MP2 MAY GROW!
*based on a 7.5% dividend rate

FOR PHP500 MONTHLY SAVINGS
Annual Dividend Payout
Month CoveredMonthly Savings (MS)Accumulated MS per yearCumulative SavingsAnnual Dividend PayoutTotal Accumulated Value TAV)
Jan-Dec 2020500.006,000.006,000.00243.756,000.00
Jan-Dec 2021500.006,000.0012,000.00693.7512,000.00
Jan-Dec 2022500.006,000.0018,000.001,143.7518,000.00
Jan-Dec 2023500.006,000.0024,000.001,593.7524,000.00
Jan-Dec 2024500.006,000.0030,000.002,043.7530,000.00
TOTAL-30,000.00-5,718.7530,000.00

Compounded Savings
Month CoveredMonthly Savings (MS)Accumulated MS per yearCumulative SavingsDividend AmountTotal Accumulated Value TAV)
Jan-Dec 2020500.006,000.006,000.00243.756,243.75
Jan-Dec 2021500.006,000.0012,243.75712.0312,955.78
Jan-Dec 2022500.006,000.0018,955.781,215.4320,171.21
Jan-Dec 2023500.006,000.0026,171.211,756.5927,927.81
Jan-Dec 2024500.006,000.0033,927.812,338.3436,266.14
TOTAL-30,000.00-6,266.1436,266.14

PHP1,000 MONTHLY SAVINGS
Annual Dividend Payout
Month CoveredMonthly Savings (MS)Accumulated MS per yearCumulative SavingsAnnual Dividend PayoutTotal Accumulated Value TAV)
Jan-Dec 20201,000.0012,000.0012,000.00487.5012,000.00
Jan-Dec 20211,000.0012,000.0024,000.001,387.5024,000.00
Jan-Dec 20221,000.0012,000.0036,000.002,287.5036,000.00
Jan-Dec 20231,000.0012,000.0048,000.003,187.5048,000.00
Jan-Dec 20241,000.0012,000.0060,000.004,087.5060,000.00
TOTAL-60,000.00-11,437.5060,000.00

Compounded Savings
Month CoveredMonthly Savings (MS)Accumulated MS per yearCumulative SavingsDividend AmountTotal Accumulated Value TAV)
Jan-Dec 20201,000.0012,000.0012,000.00487.5012,487.50
Jan-Dec 20211,000.0012,000.0024,487.501,424.0625,911.56
Jan-Dec 20221,000.0012,000.0037,911.562,430.8740,342.43
Jan-Dec 20231,000.0012,000.0052,342.433,513.1855,855.61
Jan-Dec 20241,000.0012,000.0067,855.614,676.6772,532.28
TOTAL-60,000.00-12,532.2872,532.28

PHP1MILLION (ONE-TIME SAVINGS)
Annual Dividend Payout
Month CoveredMonthly Savings (MS)Accumulated MS per yearCumulative SavingsAnnual Dividend PayoutTotal Accumulated Value TAV)
Jan-Dec 20201,000,000.001,000,000.001,000,000.0075,000.001,000,000.00
Jan-Dec 20210.000.001,000,000.0075,000.001,000,000.00
Jan-Dec 20220.000.001,000,000.0075,000.001,000,000.00
Jan-Dec 20230.000.001,000,000.0075,000.001,000,000.00
Jan-Dec 20240.000.001,000,000.0075,000.001,000,000.00
TOTAL-1,000,000.00-375,000.001,000,000.00

Compounded Savings
Month CoveredMonthly Savings (MS)Accumulated MS per yearCumulative SavingsDividend AmountTotal Accumulated Value TAV)
Jan-Dec 20201,000,000.001,000,000.001,000,000.0075,000.001,075,000.00
Jan-Dec 20210.000.001,075,000.0080,625.001,155,625.00
Jan-Dec 20220.000.001,155,625.0086,671.881,242,296.88
Jan-Dec 20230.000.001,242,296.8893,172.271,335,469.14
Jan-Dec 20240.000.001,335,469.14100,160.191,435,629.33
TOTAL-1,000,000.00-435,629.331,435,629.33


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You really ought to try it, either full-time or over weekends. We have a great business opportunity. You can run it from home full time or part time, or any combination.