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 Pag-IBIG Fund for its voluntary members.
Millions of Filipinos are in a constant pursuit to maintain an active membership to the state entity. Every month, they remit a monthly contribution to the government agency to maintain an updated account.
The Pag-IBIG Fund was mainly crafted to give the Filipinos, most especially the poor, an option to achieve a residential property in an affordable way. It does it through Pag-IBIG Housing loan. Through the years, it continually upgraded its offers which now include the loan offer to address the following:
- short-term needs
- residential property acquisition / construction / improvement
- natural calamities
The Pag-IBIG membership is open to a lot of individuals. Here are the categories for membership under the loan offer:
- locally-employed individuals
- self-employed individuals
- overseas Filipino workers
- Kasambahay members
- voluntary members
- non-working spouses of the Pag-IBIG members
In the case of locally-employed individuals, the employer pays a portion of the monthly contribution. Also, the monthly contribution is automatically-deducted from the payroll.
There is a huge advantage in maintaining an active membership to the Fund. It may qualify you to the different loans provided by the Fund. It can be done through posting updated monthly contributions thus it is important to monitor the Pag-IBIG contribution 2024 rates.
The Pag-IBIG contribution rates 2024 vary among the members. In the case of the voluntary members, here are the contribution rates set by the Fund:
| Monthly Income | Contribution Rate |
| at least Php 1,000 to Php 1,500 | 1% |
| Php 1,500 to Php 4,999.99 | 2% |
| Php 5,000 and above | 3% |
The Fund does not only offer loans. After at least 15 years, you have savings that you can claim from your Pag-IBIG contribution later on.
