Guide on Pag-IBIG Contribution 2024 To Maintain an Active Account
PAG-IBIG CONTRIBUTION 2024 – Here is a guide on the rates set by the Fund for its members who are overseas Filipino workers (OFWs).
One of the biggest government-run agencies in the Philippines is the Pag-IBIG Fund. It is most popular for its Housing Loan offer which has helped countless Filipinos acquire residential properties in affordable ways.
The Pag-IBIG Housing Loan offer of the Fund is open not only for individuals who are looking for a financing of the residential property they wish to purchase but as well as house construction and home renovation. It is also ready to finance the taking out of an existing loan from a bank or a lending firm.
Actually, the Fund has three main loan offers that provide solutions for short-term needs; residential property acquisition / construction / improvement; and during natural calamities. This is where the important of maintaining an updated account to the Fund takes place.
How to keep your account updated? The best moves do not only include the regular posting of the Pag-IBIG monthly contribution but as well as checking the exact rates — the Pag-IBIG contribution 2024 for this case. The rates may differ among the following members:
- locally-employed individuals
- self-employed individuals
- overseas Filipino workers
- Kasambahay members
- voluntary members
- non-working spouses of the Pag-IBIG members
By regularly posting monthly savings with the exact rates, you can ensure that your account is qualified to avail the loans offered by the government entity. Even if you are an overseas Filipino worker (OFW) with a huge income abroad, you may still qualify for the loan offers.
How much is the Pag-IBIG contribution 2024 for the overseas Filipino workers (OFWs)? Here is a guide on the rate set by the state-run institution:
| Employment Status | Monthly Income | Country | Contribution Rate |
| Land-Based | over Php 1,500 | All Countries | 2% of the basic salary |
| Sea-Based | over Php 1,500 | All Countries | 2% of the basic salary |
Aside from the loan offers of the Pag-IBIG Fund, members of the government institution who have posted at least 15 years of contributions may opt to claim your Pag-IBIG contribution savings.