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 non-working spouses of the Fund members.
In the Philippines, one of the biggest state entities that offer membership is the Pag-IBIG Fund. It is in the service of the Filipino people for decades now since 1978. It was built in the pursuit of providing the Filipino people with affordable options in obtaining residential properties and it has millions of members across the nation now.
Through the years, the Pag-IBIG Fund has continually upgraded its offers. While the Pag-IBIG Housing Loan remains its most sought-for offer, it also has a Calamity Loan offer as well as a Multi-Purpose Loan that are exclusive for its members.
The Housing Loan offer of the fund can finance residential property acquisition, house construction, home improvement, and refinancing of an existing loan. The Multi-Purpose Loan or also called MPL is a loan crafted to address short-term financial needs of members.
To be eligible to the loans offered by the Pag-IBIG Fund, a member must have a qualified account which usually includes the contribution requirement. The rates differ among the following categories of members:
- locally-employed individuals
- self-employed individuals
- overseas Filipino workers
- Kasambahay members
- voluntary members
- non-working spouses of the Pag-IBIG members
If you are a Pag-IBIG Fund member, one of the best things you can do most especially at the start of the year is to check on the rates — the Pag-IBIG Contribution 2024 in the case now. It is a way to ensure that you maintain an updated account to the government entity.
The Fund has opened its membership for the non-working spouses of the members. The contribution rate for non-working spouse members depend on the monthly compansation of the working spouse.
Here is the Pag-IBIG contribution 2024 for the non-working spouse members:
| Fifty Percent (50%) of the Working Spouse’s Monthly Compensation | Non-Working Spouse’s Monthly Contribution |
| Php 1,500 and below | 1% |
| over Php 1,500 | 2% |
Aside from the Pag-IBIG Fund loan offers, the monthly contributions are also withdrawable under certain provisions. After at least 15 years, you have savings that you can claim from your Pag-IBIG contribution later on.