MODIFIED Pag-IBIG 2

(MP2)
6.60%
MEMBERSHIP COVERAGE:

 All Pag-IBIG I Members

 Former Pag-IBIG I Members
• source of income
• Pensioner
• 24 months
MONTHLY MEMBERSHIP
SAVINGS:

 Minimum savings of Ph500.00

(Ph500,000.00) or more, should be via
Personal Check or Manager’s Check)
DIVIDENDS:

 Flexible dividend rates

 Higher than Pag-IBIG I.
 Annual dividend payout or
compounded dividend earnings.
TERM:

 5 YEARS RECKONED FROM DATE OF

INITIAL PAYMENT.
VALID REASONS FOR
PRE-TERMINATION:

 Total Disability or Insanity;

 Separation from service due to health
reason;
 Death of the member or his/her
immediate family;
 Retirement;
 Permanent departure from the
country;
 Distressed member (due to
unemployment- layoff or closure)
 Critical illness of the member &
immediate family members
 Repatriation of OFW members
 Other meritorious ground as may be
approved by the Board.
PRE-TERMINATION FOR REASON
OTHER THAN THOSE ALLOWED:

 Member is entitled to 50% of the total

dividends earned as penalty of the
pre-termination
NON WITHDRAWL AFTER THE
TERM (5 YEARS)

 MP2 savings shall cease to earn

dividends under MP2 program.
 Subsequent dividends shall be based
on rates declared for Pag-IBIG I for the
next two years (7th year).
 On the 8th year, reclassified as
Accounts Payable.
 2018
Dividend
Rate
7.41%