Feb 13, 2022
This kind of pag-ibig won’t leave you heartbroken. Instead, it will give you a long-term relationship with financial freedom as well as a brighter future.
Before you enter into any relationship, however, you must first go through the “getting-to-know” stage. And this article will tell you all about Pag-IBIG.
If you’re not familiar with the term, you’d probably ask, “What’s this Pag-IBIG for anyway? Why do I need it?” and a lot more.
So, let’s get down to the nitty gritty of this acronym, including its foundations and fundamentals.
Here’s a quick background: On June 11, 1978, the Pag-IBIG Fund was inaugurated as a national savings program for Filipino workers. Fast forward to more than four decades later, the fund persists through the support of corporations and employees residing in the Philippines.
Under the program, all Filipino employees are required to register with the Pag-IBIG Fund to enjoy certain benefits. Today, becoming a member and getting your certified Pag-IBIG number are virtually hassle-free. This is made possible through the newly developed online registration option.
In this article, we are laying out the necessary steps in securing your Pag-IBIG number. But first, it’s better to get familiarized with the basics, especially those who have just become new members.
The Pag-IBIG acronym stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno. The “IBIG” part holds the essence of its definition: You (I), the Bank, the Industry, and the Government. These sectors all play a role in this program.
The Pag-IBIG Fund is also known as the Home Development Mutual Fund (HDMF), which is a corporation owned and controlled by the government.
As stated on its website, the fund was established for the purpose of being “an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker.”
Right after undergoing a verification process, every registered individual will be entitled to a unique and permanent 12-digit number. This is known as the Pag-IBIG Membership ID (MID) Number. It can be used for a wide range of purposes such as applying for loans, filing benefits claims, requesting an upgrade on membership savings, and using it as a valid ID number.
You may begin your registration process by filling out the Membership Data Form (MDF) or registering online. Signing up is also possible via mobile phone. Get your MID number by calling the Pag-IBIG Hotline (tel. no. 8724-4244). For identity-verification purposes, you will be required to answer a few security questions. After this step, you will now receive your Pag-IBIG number.
You can accomplish your online membership registration via Virtual Pag-IBIG, the fund’s online service facility. After signing up, you can either print your MDF or get a soft copy (this requires the use of your tracking number sent to you through SMS or email). You would no longer need to go to an actual Pag-IBIG office to get a copy.
By becoming a Pag-IBIG member, you gain access to a wide range of benefits specifically divided into three programs. Let’s dive deeper into each category.
The first and most recognized program is the Pag-IBIG Housing Loan. This is what Pag-IBIG is mainly known for. It offers affordable interest rates with a term duration of up to 30 years.
Loan interest rates start at 5.375% for one year and 6.375% for three years minimum. This program is made possible by Pag-IBIG’s partnerships with local real estate developers. It gives financial aid to Filipinos who would like to purchase their own house through a staggered payment approach. This is stretched to the time horizon of their choice.
The Pag-IBIG Fund also allows Filipinos to make short-term loans. This type of loan is classified into two: Calamity Loan and Multi-Purpose Loan.
Last but not least, the Provident Savings program pertains to the employee’s monthly savings (with employer share, if applicable) and total annual dividend earnings. They can claim their savings after a while through the following circumstances:
Whether you are self-employed, employed, or unemployed, you can become a member of Pag-IBIG. Listed in this section are the requirements for each member classification.
This pertains to an individual who prefers to pay contributions on their own (voluntary contribution).
This applies to a professional, freelancer, consultant, or small business owner.
A formally employed individual is automatically applied for a Pag-IBIG membership, which is administered by their company. The employer will process the necessary documents and will simply ask for personal information and valid IDs. Pag-IBIG contributions by both the employee and employer are mandated by the state.
This is for a professional who has a government-issued license practicing an expertise.
This applies to a Filipino who is working abroad.
This pertains to someone who owns a certain franchise of a business.
This applies to an individual who is not employed but married to a business owner.
This is for an unemployed individual who is married to an active Pag-IBIG member with employee status.
This is for an individual who doesn’t have a job but wants to continue their contributions.
By visiting the Virtual Pag-IBIG page and undergoing the online verification process, you can acquire your Membership Data Form (MDF). You can also get a copy of the application sheet in PDF format. This can be found in the downloadable forms section of the website.
Simply look for the Membership Data Form, click on the PDF icon, and start filling out the form by using PDF software on your device. After submitting your registration online, your digital MDF is now ready for printing or downloading. All these without the need to physically visit a Pag-IBIG branch to secure your application.
To make it easier for you, we have linked to the form here: Pag-IBIG Membership Data Form
Introduced officially by the Pag-IBIG housing agency in 2019, the Virtual Pag-IBIG online platform offers a hassle-free registration process to secure your MID number. It has simplified the once tedious process.
Start your online registration with these easy-to-follow steps. Make sure to have your registration tracking number (RTN) ready.
Through these simple steps, your Pag-IBIG number online registration process should be a breeze. Take note that this online verification method would only be successful if you have a Pag-IBIG registration tracking number (RTN). This is the reason why it is crucial to save both your RTN and your membership ID (MID) number.
If you already have your Pag-IBIG number, here are the things you need to know just in case you lose or forget it. The following are the verification methods that you can apply:
You can apply these methods when you need to recover your Registration Tracking Number (RTN). Also, be prepared to take note of your registered Pag-IBIG MID number and RTN. Make sure to have at least one valid ID ready for identity-verification purposes.
Here are the methods you can use to verify your MID number:
Your RTN can be found on your Member’s Data Form (MDF) generated after you accomplished your online registration. After clicking on the Submit button, your Pag-IBIG MID number should appear. You can keep a copy of it by taking a screenshot or writing it down.
For Globe and Touch Mobile subscribers, send to 09178884363. For Smart and Talk N’ Text subscribers, send to 09188984363.
The verification process generally takes about two working days. If you want to check the status of your permanent Pag-IBIG MID number, you may send a text message using this template:
IDSTAT <your RTN> <your date of birth in MM/DD/YYYY format>
(Example: ID STAT 123456789321 01/02/1997)
For Globe and Touch Mobile subscribers, send to 09178884363.
For Smart and Talk N’ Text subscribers, send to 09188984363.
If you are a self-employed individual, your Registration Tracking Number (RTN) can already be used to pay for Pag-IBIG contributions.
At this point, you’re probably wondering how your contributions are computed. Here are the specific tables per category showing the corresponding rates and distributions of shares.
For Employees and Employers
|Monthly Salary||Employee’s Share||Employer’s Share||Total Contributions|
|₱1,500 and below||1%||2%||3%|
Employees are required to pay the contributions for Pag-IBIG every month from their salaries. This is done and administered by the employer or authorized personnel. It is also advised for employers to record and submit reports to Pag-IBIG regarding their employee contributions.
For Self-Employed Members
|Monthly Salary||Contribution Rate|
|At least ₱1,000 to ₱1,500||1%|
Based on the table shown above, members who are considered professionals, small business owners, freelancers, and consultants must apply the given contribution rates.
For OFWs (with employers subject to mandatory HDMF coverage)
|Monthly Salary||OFW’s Share||Foreign Employer’s Share||Total Contributions|
|₱1,500 and below||1%||2%||3%|
An Overseas Filipino Worker whose foreign employer is subject to mandatory coverage must pay the given rates above.
For OFWs (with employers not subject to HDMF coverage)
|Monthly Salary||Contribution Rate|
An Overseas Filipino Worker whose foreign employer is not subject to mandatory coverage must pay a contribution amounting to 2% of their monthly salary. According to the HDMF guidelines (circular 391), the employee may choose to pay for the employer counterpart.
For Non-Working Spouse Members
|Half of Monthly Salary of Working Spouse||Contribution Rate|
|₱1,500 and below||1%|
Spouse members who are unemployed can also have savings through the Pag-IBIG Fund. Based on half of the working spouse’s salary, the given rates must be applied.
For Kasambahay Members
|Monthly Salary||Employer’s Share||Kasambahay’s Share||Total Contributions|
|₱1,500 and below||3%||0%||3%|
|₱1,500 to ₱4,999||4%||0%||4%|
|₱5,000 and above||2%||2%||4%|
Kasambahay members are exempted to pay contributions if their monthly salary falls below P5,000. Household employers must be able to shoulder the full contributions of their employees.
Housing Loan Table
To be eligible for Pag-IBIG loans, a member must have at least two years’ (or 24 months) worth of contributions to be approved. Here’s a table showing how much housing loan a member can get from the Pag-IBIG Fund based on their contributions. A member is allowed to contribute a minimum monthly amount of ₱200 and a maximum of ₱2,950.
|Monthly Contribution||Loan Amount|
|₱200||Up to ₱500,000|
|₱250||₱500,000 – ₱600,000|
|₱300||₱600,000 – ₱700,000|
|₱350||₱700,000 – ₱750,000|
|₱400||₱800,000 – ₱900,000|
|₱450||₱900,000 – ₱1,000,000|
|₱500||₱1,000,000 – ₱1,100,000|
|₱550||₱1,100,000 – ₱1,200,000|
|₱600||₱1,200,000 – ₱1,300,000|
|₱650||₱1,300,000 – ₱1,400,000|
|₱700||₱1,400,000 – ₱1,500,000|
|₱750||₱1,500,000 – ₱1,600,000|
|₱800||₱1,600,000 – ₱1,700,000|
|₱850||₱1,700,000 – ₱1,800,000|
|₱900||₱1,800,000 – ₱1,900,000|
|₱950||₱1,900,000 – ₱2,000,000|
|₱1,000||₱2,000,000 – ₱2,100,000|
|₱1,500||₱3,000,000 – ₱3,100,000|
|₱2,000||₱4,000,000 – ₱4,100,000|
|₱2,500||₱5,000,000 – ₱5,100,000|
|₱2,950||₱5,900,000 – ₱6,000,000|
As of writing, there’s still no option available for you to update or request corrections to your Pag-IBIG membership record online. Pag-IBIG requires all members to personally visit a Pag-IBIG satellite office for information update requests. They are also required to present a printed copy of the complete Member’s Data Form (MDF).
Aside from being a government identification card that bears your MID, the Pag-IBIG Loyalty Card Plus also serves as a cash card. You can use it to get MP2 savings dividends and multi-purpose loan proceeds, among others. With the card, you can also maximize exclusive discounts and rewards on various expenses including tuition fees, grocery purchases, and hospital bills. This is made possible by Pag-IBIG’s partnerships with multiple establishments in the country.
Here are the easy steps to obtain your card:
A Pag-IBIG membership can be a gateway to financial freedom. Aside from providing a way for Filipinos to afford their own house, the Pag-IBIG Fund also grants short-term loans and administers a savings program.
It’s time for you to make the most of what this fund has to offer. Do take note of the tips and other information provided in this article to make any transaction as hassle-free as possible.
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