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Pag-IBIG MP2 Calculator 2026

Project MP2 savings growth with compounded dividends at the 7.12% rate declared for 2025. Tax-free, government-backed. Free Pag-IBIG MP2 calculator.

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Minimum ₱500 per contribution

An MP2 account matures after 5 years and does not renew itself. Terms longer than 5 years assume you withdraw at maturity and open a new MP2 account each time, reinvesting the full balance.

This projection assumes compounded dividends. Pag-IBIG lets you choose, at enrolment, between an annual dividend payout and compounded dividend earnings. If you take the annual payout, the dividends are paid out to you each year instead of earning further dividends, so your maturity total is lower than shown here. The choice is fixed for the 5-year term.

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 tax-free. The savings themselves are government-backed, though the dividend rate is declared annually and is not guaranteed in advance.

Latest declared rate: Pag-IBIG declared 7.12% for MP2 savings for calendar year 2025, announced in February 2026, against 6.62% for Regular Savings. Rates are declared the year after the year they cover, so no rate for 2026 exists yet — any figure quoted as a “2026 rate” is a projection.

MP2 Return Rates

The rates Pag-IBIG publishes on its own MP2 Savings page:

Year MP2 Return Rate
20257.12%
20247.10%
20237.05%
20227.03%
20216.00%

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-Backed: Your savings are held by Pag-IBIG Fund; the annual dividend rate, however, varies with its net income
  • Flexible Contributions: Monthly, quarterly, annual, or lump sum
  • Multiple Accounts: You can open and maintain multiple MP2 accounts

Who Can Apply for MP2?

Per Pag-IBIG's MP2 terms and conditions, enrolment is voluntary and open to:

  • All active Pag-IBIG I members, regardless of monthly income
  • Former Pag-IBIG I members with another source of monthly income, and pensioners regardless of age, who have at least 24 monthly savings prior to retirement
  • Former natural-born Filipinos who reacquired Filipino citizenship under RA 9225

The minimum is ₱500 per remittance with no stated maximum. A one-time payment above ₱500,000 must be made by personal or manager's cheque, and any payment above ₱100,000 requires proof of income or source of funds.

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

  1. Log in to the Virtual Pag-IBIG portal
  2. Go to Savings → Apply for MP2
  3. Fill out the application form
  4. Receive your MP2 account number
  5. Start contributing via online banking, GCash, Maya, or over-the-counter

Pre-Termination Before Maturity

MP2 is not a savings account you can simply close early. Pag-IBIG permits pre-termination only on specified grounds: total disability or insanity, separation from service by reason of health, death of the member or an immediate family member, retirement, permanent departure from the country, distress due to unemployment limited to layoff or company closure, critical illness (cancer, organ failure, heart-related illness, stroke, or neuromuscular illness) certified by a licensed physician, repatriation of an OFW member, and other meritorious grounds as may be approved by the Board. Separation from service by reason of health, retirement, unemployment and OFW repatriation apply only to Pag-IBIG I members.

Where pre-termination is granted on other grounds, you are entitled to only 50% of the total dividends earned. If you chose the annual payout and have already received dividends, that 50% fee is deducted from your principal instead.

What Happens at Maturity

The term is five years from your first payment. To keep saving you must apply for a new MP2 account — nothing renews automatically. If a matured account is left unwithdrawn it stops earning MP2 dividends: it earns the Pag-IBIG Regular Savings rate for the next two years, after which it is reclassified as accounts payable.

Frequently Asked Questions

What is the latest Pag-IBIG MP2 dividend rate?
The most recent declared MP2 dividend rate is 7.12% for 2025, announced by Pag-IBIG Fund in February 2026 — up from 7.10% in 2024, and higher than Regular Savings at 6.62%. Rates are declared annually for the preceding year, so the rate covering 2026 is not announced until early 2027. Any figure you see quoted as a "2026 rate" is a projection, not a declared rate.
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?
The term is five years from the date of your first payment. At maturity you withdraw your savings plus dividends. If you want to keep saving, you must apply for a new MP2 account — it does not roll over automatically. And if you leave a matured account untouched, it stops earning MP2 dividend rates: it earns the lower Pag-IBIG Regular Savings rate for the next two years, after which it is reclassified as accounts payable.
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?
Only in specific circumstances. Pag-IBIG allows pre-termination for reasons including total disability or insanity, separation from service by reason of health, death of the member or an immediate family member, retirement, permanent departure from the country, unemployment due to layoff or company closure, critical illness (cancer, organ failure, heart-related illness, stroke, or neuromuscular illness, certified by a licensed physician), and repatriation of an OFW member. The list also covers other meritorious grounds as approved by the Board; note that separation by reason of health, retirement, unemployment and OFW repatriation apply only to Pag-IBIG I members. Pre-termination is not a general right — where it is granted outside those grounds you are entitled to only 50% of the total dividends earned, and if you already took an annual payout that 50% comes out of your principal instead.