3 Main Benefits of Pag-IBIG Fund Membership


On my last blog entry, I taught you about how to register as a Pag-IBIG Fund member. This time I will tell you all about the advantages you will be entitled to as a contributing member. Contrary to popular belief, Pag-IBIG benefits are not exclusively limited to housing loans.

To give you a brief overview, there are three benefits you can get from your Pag-IBIG membership, namely Housing Loan, Short Term Loan, and Provident Savings.

Read Also: How to apply for SSS Salary Loan online

Let’s take a look at each one.

Housing Loan

Of course, we all know that Pag-IBIG (also known as the Home Development Mutual Fund) has been mainly established to help Filipinos seeking financial aid for their housing needs. Pag-IBIG works with real estate developers to make it possible for members to find available properties in their chosen area.

Pag-IBIG grants affordable and flexible loans that are within the reach of the masses. First, the loans come with low interest rates (a loan of Php 400,000.00 may only have 6% interest) plus the term can be payable up to 30 years. A member may ask for a loan for up to Php 3,000,000.00 depending on his or her qualification.

This means you will be able to afford your dream home soon as long as you meet the requirements set forth by Pag-IBIG.

Short Term Loan

Similar with SSS and GSIS, qualified members may also approach Pag-IBIG if they want to avail of a short term loan.

Moreover, the Calamity Loan grants members with financial aid in case they become victims of calamities such as flood, volcanic eruption, fire, and other disasters. This will help families and individuals rebuild their lives as they recover from the tragedy and be self-reliant once again.

Multi-Purpose Loan is also available for those who want to seek funding for establishing a small business or whatever purpose the member may have in mind. For example, you can buy a new TV if you want and so instead of borrowing money from a friend, you may instead take advantage of this loan.

Provident Savings

This may sound unfamiliar to many, but yes, your contributions to Pag-IBIG can be considered as savings which you may later withdraw in case the need calls for it. Your accumulated regular contributions can be withdrawn if necessary once it reaches maturity. This can be particularly attractive if you have been contributing for years and you think you need the money for a special purpose (such as investing on a big business, buying a car, etc).

Compared with regular bank savings with fixed interest rates though, you will not be able to tell how much your money will earn while it is in Pag-IBIG.

You may inquire with your local Pag-IBIG offices in case you have a question about this. While you’re at it, you may also want to ask about the Pag-IBIG II Program which is likewise available to members.

If you are still not a Pag-IBIG member, you are really missing out on a lot of benefits. Go visit the nearby branch in your area and start paying your contributions soon.

Source: Pag-IBIG Financing

Subscribe for updates!

Enter your email address to subscribe and be the first to notified when we publish new article.


How to Become a Member of Pag-IBIG Fund

Step-by-Step Guide on How to Apply for a Pag-IBIG Housing Loan


6 thoughts on “3 Main Benefits of Pag-IBIG Fund Membership”

  1. i am member but retired already i learned only now they got 25 yrs contribution i worked for 30 yrs and now im already 68 i did not get any since i retired from Pagibig id like to k ow where i can file to get my contributions thank you and in what branch am i suppose to file

  2. Hello po, my husband died last April 2, of this due to COVID 19, how can i claim his death benefits? what are the requirements, and where can i submit my papers. I’m from Sta. Rosa, Laguna.

  3. Hello po Mam I’m just asking lng po kung after 10 years lang po maka tanggap nang PAG IBIG maturity ? Kung mag 20 years na Ang contributions makatanggap pa po ba kahit nakatatanggap na sa 10 years? Salamat po


Leave a Comment