www.mp2savingscalculator.com Open in urlscan Pro
2606:4700:3033::6815:4af  Public Scan

Form analysis
0 forms found in the DOM

Text Content

MP2 Calculator
 * Home
 * Advanced Calculator


TRY THE MP2 SAVINGS CALCULATOR NOW!

Ready to see how much you can save with MP2? Use our calculator to get instant
estimates and start planning your financial future today!


PAG-IBIG MP2 CALCULATOR

Starting/Initial Amount
This is your first payment. You can also use this for lump sum
Monthly Contribution
For one-time lump sum make this 0
Dividend Rate(%)


See computations below on how your MP2 Savings may grow!

Click here for the advanced Pag-IBIG MP2 Savings Calculator!

ANNUAL DIVIDEND PAYOUT

Year Cumulative Savings Annual Dividend Payout Total Accumulated Value 1
6,000.00 243.75 6,000.00 2 12,000.00 693.75 12,000.00 3 18,000.00 1,143.75
18,000.00 4 24,000.00 1,593.75 24,000.00 5 30,000.00 2,043.75 30,000.00 Total -
5,718.75 30,000.00

COMPOUNDED SAVINGS

Year Cumulative Savings Dividend Amount Total Accumulated Value 1 6,000.00
243.75 6,243.75 2 12,243.75 712.03 12,955.78 3 18,955.78 1,215.43 20,171.21 4
26,171.21 1,756.59 27,927.81 5 33,927.81 2,338.34 36,266.14 Total - 6,266.14
36,266.14

--------------------------------------------------------------------------------


BASIC MP2 SAVINGS FORMULA

YEAR 1 FORMULA

D = ((sa + cs) / 2) * dr

ex. ((500 + 6000) / 2) * 7.5% = 243.75

YEAR 2 TO 5 FORMULA

D = ((tav + mc + cs) / 2) * dr

ex. ((6243.75 + 500 + 12243.75)/2) * 7.5% = 712.03

where:

 * D = Dividend
 * sa = starting amount
 * cs = cumulative savings
 * dr = dividend rate
 * tav = total accumulated value
 * mc = monthly contribution



--------------------------------------------------------------------------------


HOW TO SAVE IN THE MP2 SAVINGS

STEP 1

Create your MP2 Savings Account through the following options:

 * via Virtual Pag-IBIG (click here)
 * by submitting your duly accomplished MP2 Enrollment Form and the
   corresponding requirements at any Pag-IBIG Fund branch.

STEP 2

Save in the MP2 using the following payment channels:

 * Virtual Pag-IBIG (click here)
 * Accredited Collecting Partners (click here)

--------------------------------------------------------------------------------


FREQUENTLY ASKED QUESTIONS


WHAT IS THE MODIFIED PAG-IBIG 2 OR MP2 SAVINGS?

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


WHAT ARE THE KEY FEATURES OF THE MP2 SAVINGS PROGRAM?

Here are its key features:
 * Easy to save as members can save for only a minimum of P500 per remittance.
 * Earns higher dividends than the Pag-IBIG Regular Savings
 * Dividends are tax-free and can be withdrawn annually or after the 5-year
   maturity
 * MP2 Savings are government-guaranteed


WHO CAN SAVE IN THE MP2 SAVINGS?

The MP2 Savings is open to active* Pag-IBIG Fund members. It 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 prior
   to retirement.
 * Natural Born Filipinos, who reacquired their Filipino Citizenship pursuant to
   RA 9225 or the Citizenship Retention and Reacquisition Act of 2003, with at
   least 24 monthly savings prior to permanent migration to another country.

*members with at least one (1) monthly savings (contribution) within the last
six (6) months.


HOW CAN I OPEN AN MP2 SAVINGS ACCOUNT?

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! You may also opt to open an MP2 Savings account at any Pag-IBIG Fund
branch by accomplishing and submitting the MP2 Savings Enrolment Form, which you
may download by clicking PFF226_ModifiedPagIBIGIIEnrollmentForm_V06.pdf
(pagibigfund.gov.ph)


IS THERE A MINIMUM AMOUNT THAT I SHOULD SAVE IN THE MP2 SAVINGS?

Yes. The minimum MP2 savings is PhP500 per remittance.


CAN I REMIT A ONE-TIME LUMP SUM AMOUNT FOR THE MP2 SAVINGS 5-YEAR PERIOD?

Yes. You may choose to remit a one-time lump sum amount for the whole 5-year
period of your MP2 Savings.


IS THERE A LIMIT TO THE AMOUNT THAT I CAN SAVE IN THE MP2 SAVINGS?

There is no limit. You can save as much as you want under MP2. However, should
you make a onetime savings that exceeds P500,000.00, you shall be required to
make such remittance via personal or Manager’s Check. Also, members with MP2
Savings of above P100,000.00 shall be required to submit proof of income or
source/s of funds, based on the checklist found in the MP2 Savings Enrolment
Form, which you may download by clicking
PFF226_ModifiedPagIBIGIIEnrollmentForm_V05.pdf (pagibigfund.gov.ph)


HOW DO I SAVE IN THE MP2 SAVINGS?

Here are the many ways you can save in the MP2
 1. Salary deduction, for those who are employed. Save in the MP2 through your
    employer who may deduct from your salary your monthly MP2 Savings which they
    shall then remitto Pag-IBIG Fund.
 2. Online remittance, via:
    * Virtual Pag-IBIG at www.pagibigfundservices.com/virtualpagibig using your
      PayMaya eWallet, GCash eWallet or any debit or credit card powered by
      Visa, Mastercard or JCB,
    * Authorized online payment channels which include:
      * GCash
      * Moneygment App via Cashpinas
      * Coins.ph via Bayad
      * PayMaya
    * Over-the-counter (OTC) remittance, at:
      * Any Pag-IBIG Fund branch
      * Authorized collecting partners’ outlets or branches here in the
        Philippines, which include
        * Asia United Bank
        * Robinsons Bank
        * United Coconut Planters’ Bank
        * SM Business Centers
        * Bayad
        * M. Lhuillier
        * ECPay accredited merchants
      * Authorized collecting partners’ outlets or branches overseas, which
        include
        * Philippine National Bank
        * Asia United Bank
        * IRemit powered merchants
        * Ventaja powered merchants
        * Cashpinas powered merchants


CAN I OPEN MORE THAN ONE MP2 SAVINGS ACCOUNT?

Yes. You may open and maintain multiple MP2 Savings accounts.


HOW MUCH DIVIDENDS WILL MY MP2 SAVINGS EARN?

Your MP2 Savings earn annual dividends at a rate higher than the dividend rate
of the Pag-IBIG 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


CAN I VIEW MY MP2 SAVINGS RECORDS ONLINE?

Yes! You can view your MP2 Savings online, via Virtual Pag-IBIG. Simply create
your Virtual Pag-IBIG account for you to view your MP2 Savings, including the
annual dividends you have


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 bond.


WHEN CAN I RECEIVE MY MP2 SAVINGS DIVIDENDS?

You can choose to receive your MP2 Savings Dividends via the following options:
 * Upon full withdrawal of your MP2 Savings after its 5-year maturity period
   with your MP2 Savings Dividends compounded annually;
 * Through annual pay-out with your MP2 Savings Dividends credited to your
   savings or checking account enrolled in any of Pag-IBIG Fund’s accredited
   banks.
 * For members who opt for an annual dividend payout but have no Philippine bank
   account, such as in the case of overseas members, their MP2 Savings Dividends
   shall be released via check.


CAN I CHANGE MY DIVIDEND PAYOUT MODE BEFORE THE MATURITY OF MY MP2 SAVINGS?

No. The dividend payout mode you choose upon your MP2 Savings application is
fixed and shall be your payout mode during the 5-year savings period. You may,
however, open another MP2 Savings account where you can choose your preferred
dividend payout mode


ARE MY MP2 SAVINGS GUARANTEED?

Yes, your MP2 Savings are government-guaranteed. Its annual dividends, on the
other hand, depends on Pag-IBIG Fund’s financial performance.


HOW CAN I CLAIM MY MP2 SAVINGS?

You may now claim your MP2 Savings after its 5-year maturity, online, via the
Virtual Pag-IBIG. Just visit Virtual Pag-IBIG by clicking here You may also opt
to claim your MP2 Savings over-the-counter. Download and accomplish the
Application for Provident Benefits (APB) form found here, and submit it to the
nearest Pag-IBIG Fund branch.


WHAT DIVIDEND RATE WILL MY MP2 SAVINGS HAVE FOR ITS 5TH AND FINAL YEAR, WHEN IT
MATURES BEFORE THE DIVIDEND RATE FOR THAT YEAR IS DETERMINED?

The dividend rate for your MP2 Savings on its 5th and final year shall be the
dividend rate declared from the previous year or the latest available declared
dividend rate. This shall allow you to earn dividends on your MP2 Savings for
its entire 5-year period.


WHAT WILL HAPPEN TO MY MP2 SAVINGS IF IT IS NOT CLAIMED AFTER IT MATURES?

MP2 savings which are unclaimed afterits 5-year maturity will stop earning
dividends under the MP2 Savings rate. It will however, keep earning dividends,
based on the dividend rate of the Pag-IBIG Regular Savings for the next 2 years.
After which, it shall stop earning dividends


CAN I WITHDRAW MY MP2 SAVINGS BEFORE ITS 5-YEAR MATURITY

Yes. You may pre-terminate and withdraw your MP2 Savings prior to its 5-year
maturity, based on the following reasons:
 * For active Pag-IBIG members:
   * Total disability or insanity
   * Termination from employment due to health reasons
   * Retirement
   * Permanent migration to another country
   * Unemployment due to layoff or company closure
   * OFW repatriation from the host country
   * Death of the MP2 account holder, with the MP2 Savings to be received by the
     member’s beneficiaries
   * Critical illness of the MP2 account holder or an immediate family member,
     certified by a licensed physician, and subject to approval by Pag-IBIG Fund
   * Other meritorious grounds as may be approved by the Pag-IBIG Fund Board of
     Trustees
 * For Retirees and/or Pensioners:
   * Total disability or insanity
   * Death of the MP2 account holder, with the MP2 Savings to be received by the
     member’s beneficiaries
   * Critical illness of the MP2 account holder or an immediate family member,
     certified by a licensed physician, and subject to approval by Pag-IBIG Fund
   * Other meritorious grounds as may be approved by the Pag-IBIG Fund Board of
     Trustees
 * For members with compounded dividend payout on their MP2 Savings
   * Principal MP2 Savings;
   * 50% of the total dividends earned from prior years; and
   * 50% of the dividends for the current year, which shall be released after
     the dividends for the said year have been declared and credited.
 * For MP2 Savings with annual dividend payouts
   * Principal MP2 Savings, with 50% of the total dividends received from prior
     years to be deducted from proceeds; and
   * 50% of the dividends for the current year, which shall be released after
     the dividends for the said year have been declared and credited.


CAN I RE-APPLY FOR A NEW MP2 SAVINGS ACCOUNT ONCE IT MATURES?

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


WHERE CAN I READ MORE ABOUT THE MP2 SAVINGS PROGRAM?

To know more about the MP2 Savings Program, you may download Pag-IBIG Fund
Circular No. 407, Amended Guidelines on the Modified Pag-IBIG II (MP2)
Membership Program.

DIVIDEND RATES

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 one has saved, the higher dividends that member shall
earn. 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. The Pag-IBIG MP2 Savings, being a voluntary program, earns
a higher dividend rate than the mandatory Pag-IBIG Regular Savings. Here are the
MP2 Savings Dividend Rates since 2011.

Year Dividend Rate 2023 7.05% 2022 7.03% 2021 6.00% 2020 6.12% 2019 7.23% 2018
7.41% 2017 8.11% 2016 7.43% 2015 5.34% 2014 4.69% 2013 4.58% 2012 4.67% 2011
4.63%

2024 mp2savingscalculator.com