PAG-IBIG MP2 Savings, Passive Income How to enroll or avail in 2022

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Do you Want your Money Working for You?
STOCK Market and Crypto World is Crashing?
PAG-IBIG Dividend Rates
How do we enroll for MP2 Savings?

Do you Want your Money Working for You?

Investing passively is the equivalent of getting your money work for you.

Lucky for us in the Philippines, the government has created a department from one of its agencies for this sole purpose of providing passive income to us.

STOCK Market and Crypto World is Crashing?

Riskier assets now are on a decline due to the recent global crisis and rising inflation and interest rates. The MP2 savings provide a less riskier source of passive income at the moment

PAG-IBIG, a Philippine government agency dedicated in helping Filipinos as we know normally caters on housing loans and savings.

For those who are investing in the Philippines, MP2 savings is quite popular as it gives very good Dividend earnings yearly. Historically it’s annual yield reaches at least 5% per month, much higher than what most banks are giving even at time deposits of 1-3 years. Highest rate banks can only give up to 3% and this yield is still subjected to income tax.

The MP2 Savings is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings. The program is also open to pensioners and retirees who were former Pag-IBIG Fund members.

PAG-IBIG Dividend Rates

The income coming from PAG-IBIG investments are set-aside for dividends for PAG-IBIG MP2 investors. Around 70% of its income is allocated for this. The higher the amount invested amount, the higher will be your Dividends.

PAG-IBIG do several investments on Assets like Corporate Bonds and government securities as mentioned on its Website

Historically MP2 Savings is allocated with higher returns than its PAG-IBIG Regula Savings counterpart

How do we enroll for 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)

Virtual PAG-IBIG Link https://www.pagibigfundservices.com/MP2Enrollment/

For payment you can check the link here >> https://www.pagibigfund.gov.ph/payments.html

As I am an overseas Filipino worker, I copied the requirements from the Website for our convenience.

V. Overseas Remittance of Monthly Savings/Loan Amortizations at the following Collecting Agents and its Remittance Company partners:

Philippine National Bank (PNB)
- PNB Over-the-Counter & Phone Remit Process Flow
Asia United Bank (AUB)
- I-Express Remit Mo Sa Pag-IBIG Process Flow
  - Secure and accomplish Partner’s Remittance Application Form.
  - Pay Members Savings (MS) / Modified Pag-IBIG 2 (MP2) / Short Term Loan (STL) (Multipurpose Loan (MPL) / Calamity Loan)/ Housing Loan (HL)
  - You will receive the machine-validated Transaction Slip, which will serve as your official receipt in lieu of Pag-IBIG Fund Official Receipt (PFOR).
- I-Text Mo Sa Pag-IBIG Process Flow
  - Secure and accomplish Partner’s Remittance Application Form.
  - Send Redi Money Number together with the following whichever is applicable through Short Messaging System (SMS) via mobile phone:
    - Membership Identification (MID) Number for Members Savings (MS) / Short Term Loan (STL) – Multipurpose Loan (MPL) / Calamity Loan
    - Modified Pag-IBIG 2 (MP2) Number
    - Housing Account Number (HAN)
  - You will receive a text message for every successful payment transaction.
- Foreign Tie Ups
iRemit
- iRemit Process Flow
  - Accomplish and submit iRemit Remittance Application Form and Auxiliary Service Form to iRemit Teller.
    
    NOTES:
    - The amount specified in the payment/remittance form must be in Philippine Peso for payment of Members Savings (MS)/ Modified Pag-IBIG 2 (MP2) / Short Term Loan (STL) (Multipurpose Loan (MPL) / Calamity Loan) / Housing Loan (HL)
    - The U.S. dollar is converted to the local currency using the prevailing local currency/US$ rate as determined by iRemit.
  - Upon settlement, you will receive a validated Official Receipt (OR), reflecting a unique reference transaction number from iRemit Teller which will serve as proof of payment.
VENTAJA
- VENTAJA Process Flow
  - Accomplish and submit Remittance Application Form as basis for payment details.
    
    NOTES:
    - The amount specified in the payment/remittance form must be in Philippine Peso for payment of of Members Savings (MS)/ Modified Pag-IBIG 2 (MP2) / Short Term Loan (STL) (Multipurpose Loan (MPL) / Calamity Loan) / Housing Loan (HL)
    - The U.S. dollar is converted to the local currency using the prevailing local currency/US$ rate as determined by Ventaja’s tie up Remittance partner.
  - Upon settlement, you will receive an official Remittance Receipt reflecting a unique reference transaction with attached Ventaja’s valid receipt which will serve as proof of payment.
- Ventaja List of Partners
CASHPINAS
- Infographic Process Flow
- Process Flow
  - Go to any Accredited Collecting Partner get a Receipt # by accomplishing the remittance form.
  - Accomplish the remittance form with the following information:
    - Member’s Name
    - MID / HL Account No.
    - Amount
  - You can also request a Receipt # online by sending us a message on the details below:
    - Facebook Page: https://www.facebook.com/cashpinas/
    - Whatsapp or SMS:
      - Francisco Lumanlan – +966 5357 29498
      - Ian delos Reyes – +966 5076 00670
  - Present your Receipt # to the teller.
  - Pay the amount due indicated on your Receipt #.
  - The teller will now encode and process your payment for Membership contribution / savings / loan amortization.
  - Get your validated receipt from the teller once transaction has been completed. Make sure the details are correct. Keep your receipt for reference.
  - Upon receipt of the transaction from partner, Cashpinas will send the payment details to Pag-IBIG.
- List of Partners
List of PAYKII Inc.