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A Guide to Understanding the Benefits of Becoming a Pag-IBIG Member

Updated: May 15, 2023

Being a Pag-IBIG member confers numerous advantages, such as the ability to save and borrow money, avail of housing loans, and receive social security benefits. Learn more about what being a Pag-IBIG member is all about and see the full range of features you can enjoy.

What is Pag-IBIG?

Home Development Mutual Fund (HDMF) or commonly called Pag-IBIG which stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya, at Gobyerno, is a government financial agency established in 1978 as an amalgamation of various public sector voluntary insurance programs, to provide social security services for members. It was strengthened by Republic Act 9679 or the HDMF Law of 2009 whose objective is focused on improving the quality of life of its members through mobilizing the provident funds for shelter or housing needs. It serves millions of members worldwide, especially Filipinos, helping them save money, get access to loans, secure their future and build wealth. It is the Philippines’ largest and most financially sound social security benefits provider.

Benefits of Being a Pag-IBIG Member

Pag-IBIG membership commences from the payment of the initial contribution. One of the biggest benefits of being a Pag-IBIG member is access to housing loans. As a Pag-IBIG member, you can avail of low-interest rates and longer repayment periods, giving you more flexibility in budgeting for your home purchase. Members can have access to free seminars, counseling, and workforce training. Additionally, members can obtain a low-cost savings account with high interest rates from Pag-IBIG, along with other investment options such as mutual funds and voluntary contributions like the Regular Savings and the Modified Pag-IBIG II (MP2).

To learn more about how can you be a Pag-IBIG member, you may check out our member's guide on "How to Register for Pag-IBIG Online."

Joining the Membership Savings Programs

One of the benefits of becoming a Pag-IBIG member is being able to join the organization's membership savings programs.

1. Regular Savings is a mandatory savings, which earns dividend, at just Php100 per month for employed members which is immediately doubled by the counterpart share of their employers.

2. Modified Pag-IBIG II (MP2) is a special voluntary savings facility with a 5-year maturity and earns a higher dividend.

3. Membership for Overseas Filipino Workers

Other Membership Benefits of Being a Pag-IBIG Member

Enrolling as a member provides numerous accesses to savings and housing loan programs. Through these programs, members can use the proceeds on medical assistance, home improvements, tuition fees for dependents, and owning your dream home.

1. Housing Loan wherein qualified members can borrow up to P6 million at the lowest-ever interest rates.

2. Home Equity Appreciation Loan (HEAL) allows qualified members to loan an amount based on the net value of their home at very low interest rates for purposes like home improvement, finance buying a car, purchase furniture and appliances, or fund other life goals.

3. Affordable Housing Program (AHP) allows qualified minimum-wage and low-income earners to loan an amount so as to help them own their dream.

4. Home Saver Programs provide our Housing Loan member-borrowers with options to deal with missed payments which is to spread the arrears or unpaid monthly amortizations across the remaining loan term.

5. Multi-Purpose Loan or MPL is a cash loan designed to help our members with any immediate financial need wherein a member can borrow up to 80% of their Pag-IBIG Regular Savings.

6. Calamity Loan is a cash loan facility to provide financial assistance to members residing in areas declared under a state of calamity and are affected by such disasters.

With the launching of the Pag-IBIG Loyalty Card Plus, which can be used as a cash card, members can enjoy its perks like exclusive discounts and rewards on your grocery purchases, tuition fees, hospital bills, fuel expenses, restaurant bills and many more from their partner-establishments nationwide.

In AanyaHR, you will no longer have to worry about searching for the latest regulations of Pag-IBIG online as we have many statutory computation options to select from which we continuously update with latest rules. Reports for Pag-IBIG are readily available, as well as management of employee loan amortizations from this government-owned and controlled corporation is even at a few clicks.

Want to know more about other helpful and awesome features of AanyaHR, please send an email to or visit our website and book for a demo!

Source: PAGiBIG

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