Pag-IBIG Monthly Contribution 2024 — A Guide for the Members…

Check Here the Pag-IBIG Monthly Contribution 2024 for the Members

PAG-IBIG MONTHLY CONTRIBUTION 2024 – Here is a guide for the members of the Pag-IBIG Fund on the rates set by the state entity.

Millions of Filipinos are members of the Pag-IBIG Fund. The membership to the said government entity is mandated among the employees in the public and the private sectors in the country. It is in line with the pursuit of helping the members save while widening their options in times of need for financial solutions.

Pag-IBIG Fund
Photo Credit: CNN Philippines

In fact, not only the employed individuals compose the Pag-IBIG member populace but as well as self-employed individuals, overseas Filipino workers, household helpers, and those who want to make voluntary memberships to the Fund. To maintain an updated membership, the member must regularly post a monthly contribution. Have you check the rates set for the Pag-IBIG monthly contribution 2024?

Pag-IBIG Monthly Contribution 2024
Photo Credit: Lamudi

Like the former rates, the Pag-IBIG monthly contribution 2024 differ among the locally-employed individuals, the self-employed individuals, the overseas Filipino workers (OFWs), the kasambahays, and the voluntary members.

In the case of the locally-employed individuals who are members of the Fund, the employer pay a share of the member’s contribution. Here is a guide on the monthly contribution rates set for the members:

Locally-Employed Members

Contribution RateMonthly CompensationEmployee’s Monthly ContributionEmployer’s Share
1.0%Php 1,500 and below1.0%2.0%
2.0%Over Php 1,5002.0%2.0%

Self-Employed Members

Monthly IncomeContribution Rate
at least Php 1,000 to Php 1,5001%
Php 1,500 to Php 4,999.992%
Php 5,000 and above3%

OFW Members

Employment StatusMonthly IncomeCountryContribution Rate
Land-Basedover Php 1,500All Countries2% of the basic salary
Sea-Basedover Php 1,500All Countries2% of the basic salary

Kasambahays

Monthly CompensationMS Rate To Be Paid by the KasambahayMS Rate to be Shouldered by the Employer
Php 1,500 and below3%
over Php 1,500 to Php 4,9994%
Php 5,000 and above2.0%2%

Voluntary Members

Monthly IncomeContribution Rate
at least Php 1,000 to Php 1,5001%
Php 1,500 to Php 4,999.992%
Php 5,000 and above3%

The Pag-IBIG Fund members who have updated accounts may qualify for the loan offers — the Pag-IBIG Housing Loan, the Pag-IBIG Calamity Loan, and the Pag-IBIG Multi-Purpose Loan.

Leave a Comment