07/03/2021
What is Virtual PAG-IBIG?
What is Virtual PAG-IBIG?
Virtual PAG-IBIG gives you 24/7 access to its services, such as membership registration, loan applications, online payments for contributions, and MP2 savings program.
Because it’s virtual, you don’t need to queue or join the crowds at the branch. You can access your account conveniently from the comfort of your own home.
What are the Virtual PAG-IBIG services you can access?
If you are formally employed, your PAG-IBIG remittances are handled by your employer. Your PAG-IBIG is one of your government-mandated benefits, like SSS and PhilHealth.
For self-employed individuals and OFWs, you need to register for your own PAG-IBIG account and make voluntary contributions to enjoy the perks.
Housing loans program
As a member, you get low-interest rates for housing loans starting from 4.985% per annum (as of this writing until 29 December 2020), subject to repricing after a year.
Qualified members with at least 24 months of savings can avail of a maximum loan amount of P6 million and apply with up to two co-borrowers.
The affordable housing program is open for minimum wage earners. They can apply for a housing loan of up to P450,000 with an interest rate of 3% per annum, or up to P750,000 with an interest rate of 6.5% per annum. Moreover, loan repayment periods can be up to 30 years, the longest tenure in the market.
