The Pag-IBIG Fund (Home Development Mutual Fund) is a government-run savings program in the Philippines. It aims to provide Filipino workers with access to affordable housing loans, as well as savings and investment opportunities for members. The fund is primarily funded by contributions from employees and employers.
MP2 Savings Program
The MP2 Savings Program (Modified Pag-IBIG 2) is a voluntary savings program offered by the Pag-IBIG Fund designed to provide higher returns compared to the regular Pag-IBIG savings program. It is intended for members who wish to save more and earn dividends on their savings over a 5-year maturity period.
Key Features of MP2 Savings
1. Higher Dividend Rates: The MP2 Savings Program typically offers higher dividend rates than the regular Pag-IBIG savings program. The rates are announced annually and are usually based on the fund’s earnings.
2. Maturity Period: The MP2 program has a maturity period of 5 years. Members can choose to renew their investment after the maturity period or withdraw their savings.
3. Minimum Contribution: Members can invest a minimum of ₱500, and there is no maximum limit. This flexibility encourages more people to participate in the program.
4. Dividends: Dividends are declared annually and are credited to the member’s account. Members receive their contributions and dividends upon maturity, making it a good long-term savings option.
5. Tax Benefits: The dividends earned from the MP2 Savings Program are tax-exempt, making it an attractive option for savers.
This guide explains the process for claiming or withdrawing your MP2 savings account upon maturity, which occurs five years after your initial contribution to the MP2 program.
1 Visit the Pag-IBIG Website: Go to the official Virtual Pag-IBIG website, Virtual Pag-IBIG
2 Under the Claim Pag-IBIG Savings, select MP2 Savings Maturity.
3 A new window will appear displaying the details, including a list of the documents needed to claim your MP2 savings.
- Claim Application Form
- One (1) Valid ID
- Cash Card details
- Selfie Photo
4 To check if your MP2 Savings account is eligible for maturity, please enter your 12-digit MP2 Account Number. Then, click the VALIDATE button to find out if the account can be claimed.
A pop-up message will appear stating if your account is eligible to claim your Pag-IBIG Savings. Click PROCEED to continue with your application.
As a security measure, an OTP (One-Time Password) will be sent to the mobile number you provided.
Enter the 4-digit OTP number received and click the PROCEED button.
5 To proceed with your Pag-IBIG Savings Claim application, complete the contact details.
- Landline
- Email Address
You have the option to select the mode of release of your savings:
- Pag-IBIG Loyalty Card Plus
- Release through check
If you select Pag-IBIG Loyalty Card Plus, you will be asked to select which cash card you have, either AUB or UB Loyalty Cash Card. For this guide, Asia United Bank (AUB) Loyalty Card Plus was selected. Enter the card number to check if the account is valid to claim your savings. Tap NEXT to continue the claim application.
6 Now, you need to upload the files required for claiming.
- Claim Application Form – Fill-out this form with the required details
- One (1) Valid ID – take a photo or scan your ID
- Cash Card details – take a photo or scan your ID
- Selfie photo while showing the front of your valid ID
Make sure that each file size is 3MB or below. And the images type accepted are jpg, jpeg, png, bmp and PDF file only.
Once you successfully uploaded all 4 images/documents, tap SUBMIT button.
If your application was submitted successfully, this message will appear with the reference number for Online Claim Application.
The process may take 5-7 business days to complete. To verify if the savings have been transferred to your account, please log in to your Hello Pag-IBIG by AUB or Union Bank mobile app.
If you do not yet possess an AUB or UB Loyalty card, you can apply for one at designated Pag-IBIG branches. These branches are specifically authorized to assist you with the application process. Having a Loyalty card provides you with additional benefits and services related to your Pag-IBIG savings.
In addition, to access the mobile banking features, you need to download and install the Hello Pag-IBIG app, which is provided by AUB, or the Union Bank app, depending on your preference. These apps will enable you to manage your savings and perform transactions conveniently from your mobile device. Make sure to follow the installation instructions and create an account to fully utilize the services offered.