Home Development Mutual Fund (HDMF) recently issued a Press Release dated January 19, 2024 with regards to the new rates of Monthly Savings of Pag-IBIG Fund starting February 2024.
The monthly savings of Pag-IBIG Fund members for both the employee’s share and the employer’s counterpart shall increase to two hundred (P200) each from the current one hundred pesos (P100). In relation with, an adjustment of the maximum monthly compensation to be used in computing the required two percent (2%) employee savings and two percent (2%) employer share for Pag-IBIG Fund members was increase to ten thousand pesos (P10,000) from the previous five thousand pesos (P5,000).
But the members of the Pag-IBIG Fund will enjoy doubled savings and higher cash loan entitlements while continuing to have access to affordable home loans despite of the new rates of Monthly Savings of Pag-IBIG Fund.
Recently settled the monthly Pag-IBIG contributions at Pag-IBIG Fund ILOCOS NORTE located at Robinons Place Ilocos, Barangay 1 San Francisco, San Nicholas, Ilocos Norte.
Please refer: rel=”nofollow”https://www.pagibigfund.gov.ph/2024news.html# of the full text of the Press Release.