Pag-IBIG MP2 Calculator 2025-2026
Calculate your MP2 savings growth with compound dividends. Project 5-year returns at 7% rate. Tax-free, government-backed savings calculator.
Last updated:
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Minimum ₱500 per contribution
Pag-IBIG MP2 Savings Program Guide
The Modified Pag-IBIG II (MP2) is a voluntary savings program that offers higher dividends than regular Pag-IBIG savings. It's ideal for members who want to grow their savings with tax-free, government-guaranteed returns.
2024 Dividend Rate: Pag-IBIG declared a 7.10% dividend
rate for MP2 savings in 2024, the highest in recent years. Regular savings earned 6.60%.
Historical MP2 Dividend Rates
| Year | MP2 Dividend | Regular Savings |
|---|---|---|
| 2024 | 7.10% | 6.60% |
| 2023 | 7.05% | 6.55% |
| 2022 | 7.03% | 6.02% |
| 2021 | 5.79% | 5.42% |
| 2020 | 6.12% | 5.62% |
MP2 Program Features
- 5-Year Maturity: Lock-in period starts from first contribution
- Minimum Contribution: ₱500 per remittance
- Maximum Contribution: No limit - save as much as you want
- Tax-Free Dividends: 100% of earnings are tax-exempt
- Government Guaranteed: Your savings are protected by Pag-IBIG Fund
- Flexible Contributions: Monthly, quarterly, annual, or lump sum
- Multiple Accounts: You can open and maintain multiple MP2 accounts
Who Can Apply for MP2?
- Active Pag-IBIG Fund members with at least 24 months of contributions
- Members with no outstanding Pag-IBIG housing loan arrears
- Must have an active Pag-IBIG Regular Savings account
Dividend Payout Options
You can choose how to receive your MP2 dividends:
- Compounded (Default): Dividends are added to your savings and earn more dividends
- Annual Payout: Dividends are credited to your bank account every year
How to Open an MP2 Account
- Log in to the Virtual Pag-IBIG portal
- Go to Savings → Apply for MP2
- Fill out the application form
- Receive your MP2 account number
- Start contributing via online banking, GCash, Maya, or over-the-counter
Early Withdrawal Penalty
While early withdrawal is allowed, it comes with a penalty. Withdrawing before the 5-year maturity means you forfeit 50% of total dividends earned. It's best to treat MP2 as a long-term savings vehicle.
Frequently Asked Questions
What is the Pag-IBIG MP2 dividend rate for 2024?
The Pag-IBIG MP2 dividend rate for 2024 is 7.10%, higher than regular savings at 6.60%. MP2 dividends are announced annually, usually in March, and have averaged 6-7% in recent years.
How much is the minimum MP2 contribution?
The minimum MP2 contribution is ₱500 per remittance. There is no maximum limit - you can save as much as you want. You can contribute monthly, quarterly, annually, or as a lump sum.
When can I withdraw my MP2 savings?
MP2 has a 5-year lock-in period starting from your first contribution. After maturity, you can withdraw the full amount with compounded dividends, or roll it over for another 5 years.
Are MP2 dividends taxable?
No, MP2 dividends are 100% tax-free. Unlike bank interest which is subject to 20% withholding tax, your MP2 earnings are exempt from any taxes, making it an attractive savings option.
Can I withdraw MP2 before 5 years?
Early withdrawal is allowed but not recommended. Withdrawing before maturity forfeits half of the dividends earned. It's best to wait for the full 5-year maturity to maximize your returns.