Pag-IBIG Home Development Mutual Fund – Purpose, Functions, and Responsibilities

Pag-IBIG, or the Home Development Mutual Fund, is a government-owned and controlled corporation in the Philippines that provides housing loans, savings, and other financial services to Filipino workers.

Pag-IBIG was created in 1978 with the primary objective of helping Filipinos attain their dream homes. Unlike other housing loan providers, Pag-IBIG offers longer repayment terms of up to 30 years and does not require a down payment.

Also Read: How to Apply OWWA Loan – OFW and Seaman Loan

Pag-IBIG also offers other benefits such as maternity leave grants and death and disability insurance. In recent years, Pag-IBIG has also started offering small business loans and SME financing. With its wide range of financial products and services, Pag-IBIG has become one of the most popular government agencies in the Philippines.


pag-ibig housing fund philippines


Most people know that the key to a successful life is saving money. But many people don’t realize that there’s an easy and convenient way to save money, and that’s through the Pag-IBIG Fund.

The Pag-IBIG Fund is a government agency that was created to help Filipinos save for their future. The agency offers several ways for individuals to save money, including the regular savings program and the MP2 savings program. And best of all, membership in Pag-IBIG is voluntary.

If you’re not already a member of Pag-IBIG, now is the time to sign up. You can do so by visiting your nearest Pag-IBIG branch or by going online at

Once you’re a member, you can start saving for your future today. With Pag-IBIG, you can be sure that your money is safe and that you’ll be able to enjoy a comfortable retirement.

Meaning of Pag-IBIG

Pag-IGIB is an acronym which means for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno

The Home Development Mutual Fund (HDMF), also known as the Pag-IBIG Fund, was created in response to the need for a national savings program and affordable housing financing for Filipino workers. The Fund was founded by Presidential Decree No. 1530 on June 11, 1978.

What is Pag-IBIG?

Pag-IBIG is a government-owned and managed organization that administers the national savings program and provides affordable housing financing to Filipinos.

What are the Benefits?

Pag-IBIG helps its members in acquiring their dream home by offering a housing loan. Pag-IBIG also offers a variety of programs and services, such as calamity loans, provident savings, and multi-purpose loans, and others.


The following is the Pag-IBIG vision statement:

For every Filipino worker to save with Pag-IBIG Fund and to have decent shelter.


The Pag-IBIG mission statement for the coming years is as follows:

To generate more savings from more Filipino workers, to administer a sustainable Fund with integrity, sound financial principles, and with social responsibility, and to provide accessible funds for housing of every member.

Corporate Values

The following is the Pag-IBIG Corporate Values statement:

The governing values that will steer the Pag-IBIG Fund in pursuit of its vision include Integrity, Excellence, Professionalism and Service.

Corporate Objectives (5-Year Plan)

The following is the Pag-IBIG Corporate Objectives statement:

To sustain membership growth and retention that would result to a ₱2 Billion annual increase in member’s savings collection until 2022, and provide affordable home financing to at least 361,918 low income earners through Socialized and Low-Cost Housing from 2018 until 2022.

Quality Policy

Pag-IBIG Fund pledges to deliver member-focused quality service by improving the provident savings and home finance systems in order to improve the quality of life of every Filipino.

To maintain a high level of service, Pag-IBIG will:

  • Consistently increase the efficacy and efficiency of Quality Management System, Pag-IBIG must adhere to international standards and follow all applicable rules and regulations.
  • Assess all relevant risks and take suitable mitigation measures to reduce hazards and increase opportunities.
  • Protect the member’s data and other connected data’s confidentiality, privacy, integrity, and availability;
  • Develop and improve services that are responsive to members’ and related interested parties’ expanding needs;
  • Maintain a productive and safe workplace that fosters employee expertise, engagement, teamwork, and wellbeing; and
  • Maintain openness and accountability.
pagibig logo
Pag IBIG logo

List of Pag-IBIG Programs and Benefits

Apart from the housing development fund, Pag-IBIG offers programs and services to all Filipinos, both those who live in the Philippines and those who live overseas.

Only a small percentage of the population is aware of the Pag-IBIG’s programs and services. Take a look at this comprehensive list of programs and services available to all Filipinos for better guidance.

1. Housing Loan

The Pag-IBIG Fund’s most popular program benefit provides assistance to its members by offering affordable house financing. HDMF achieves this by collaborating with local real estate developers to provide inexpensive loans to real estate buyers (Pag-IBIG members).

The loan had a lower interest rate than the market rate and was for a longer period of time. Pag-IBIG Fund offers a low-interest house loan of 4.5% (for a loan of ₱450,000) with loan duration of up to 30 years.  An eligible member can borrow up to ₱6 Million in total.

2. Overseas Pag-IBIG Members Services Desk

Pag-IBIG Fund currently operates in twenty-three (23) overseas posts in Asia Pacific, Europe, the Middle East, and North America, with operations in Philippine embassies, Philippine Overseas Labor Offices (POLOs), and Philippine Consulate General Offices to provide frontline services on membership registration, facilitate remittance of membership savings and loan amortizations, and assist in the availment of provident claims and loan benefits.

3. Pag-IBIG Death Benefits

You can claim death benefits if you are a legal heir or beneficiary of a deceased Pag-IBIG member who did not claim their savings benefits while they were still alive. Unlike SSS, which provides separate death and retirement benefits, Pag-IBIG does not provide funeral or burial benefits.

4. Pag-IBIG Fund Loyalty Card

The Pag-IBIG Fund Loyalty Card also functions as a Pag-IBIG Fund Transaction Card, and it can be utilized as one of the basic requirements and valid identification when applying for a Multi-Purpose Loan (MPL), Housing Loan (HL), or Provident Benefits Claim. The card carries the member’s photo, signature, Pag-IBIG Fund Membership ID (MID) Number, and biometric information, making Pag-IBIG Fund transactions more secure.

The Pag-IBIG Fund Loyalty Card also provides discounts on medicine, university fees, travel, cosmetic and wellness services, and reward advantages on groceries and gasoline through Pag-IBIG Fund’s many partner institutions.


Pag-IBIG MPII, Modified Pag-IBIG II, or simply MP2 was launched in 2010 as a government-backed optional savings program that offers a tax-free annual dividend that is 50 basis points greater than the mandatory, regular membership. The dividend is set annually based on the fund’s financial performance for the year. It has a five-year term with a minimum capital requirement of ₱500 and no maximum capital ceiling.

6. Pag-IBIG Mortgage Redemption Insurance

Mortgage Redemption Insurance is necessary when you take out a Pag-IBIG housing loan (MRI). This Pag-IBIG non-life insurance protects your mortgage in the event of death or critical illness. The MRI premiums, however, must be paid by you.

7. Provident Savings

Members’ contributions to the Pag-IBIG fund are their personal savings, which they can withdraw when the fund matures. Members’ payments, as well as their employer’s, will receive dividends, according to the Pag-IBIG Fund. When it reaches maturity, or 240 months of contributions for at least 45 years old, all of that money, known as Total Accumulated Value (contributions plus dividends), can be taken. Members’ earnings in the fund are not easily predictable ahead of time, unlike money in a bank ordinary savings account with a fixed interest rate. It is essentially an investment, and membership profits are contingent on the investment’s overall performance.

8. Short Term Loan

The HDMF, like the Government Service Insurance System (GSIS) and the Social Security System (SSS), provides financial help to qualified members by the issuance of short-term loans. There are two sorts of loans that members are eligible for:

9. Calamity Loan

This loan program is for members who have been affected by natural disasters such as floods, fires, tropical cyclones/typhoons, volcanic eruptions, and other similar events. Subject to the program’s rules and limitations, members can borrow up to 80% of their Total Accumulated Value (TAV). The annual interest rate for a Calamity Loan is 5.95 %. The loan has 24-month amortization duration with a 3-month grace period. The payment cycle begins the fourth month after their check date.

10. Multi-Purpose Loan (MPL)

This program intends to help members with house repairs, modest home improvements, home enhancements, tuition or educational fees, health and wellbeing, livelihood, and other needs. To be eligible for the program, a member must have invested for at least twenty-four months, or the total savings must equal twenty-four months, and must have made at least one contribution during the last six months as of the month before to the loan application.

List of Pag-IBIG Online Services

Housing Online Services

1. Application for Housing Loan Interest Re-pricing

Existing Housing Loan customers can use this service to complete and submit their application for Conversion to Full Risk Based Pricing (Re-Pricing).


2. Developer’s Online Housing Loan Application

Accredited developers can use this service to complete and submit Housing Loan Applications on behalf of prospective borrowers.


3. Housing Loan Online Application

Members with a Pag-IBIG Membership ID (MID) or Registration Tracking No (RTN) can use this service to complete and submit their Housing Loan Application online.


4. Housing Loan Payment Viewer

Existing housing loan borrowers can use this service to check their loan balance and examine their payments. Borrowers can also sign up for the Paperless Housing Loan Billing Services, which will send them the Billing Statement via email.


Membership Online Services

1. Employer Registration

Employers who want to register with the Fund to secure their Pag-IBIG Employer ID Number and update their information on a regular basis can use this service.


2. Kasambahay Membership Registration

Household employers can register their Kasambahay with one of the three participating social security agencies, Pag-IBIG, SSS, or PhilHealth.


3. Membership Registration

Individuals can use this service to register with the Fund and receive their Pag-IBIG Membership ID Number, as well as to change their registration information.


4. OFW Member’s Contribution Verification

OFW members can use this service to check the status of their Fund savings.


Other Online Services

1. Electronic Submission Remittance Schedule (eSRS)

Employers can use this electronic service to submit their monthly remittance file to Pag-IBIG more easily.


2. MP2 Savings Enrolment

This service is for members who want to join HDMF’s Modified Pag-IBIG II (MP2) Program, a five-year savings option available to Pag-IBIG I members.


3. Online Payment Facilities

Members who want to pay their Monthly Savings with Visa or MasterCard credit cards can use this service.


Video: Alamin ang mga Benepisyo na makukuha mo sa Pag-Ibig Fund | Benefits in Pagibig Fund

Are you an OFW, or do you know someone who is, and they have a lot of questions about Pag-IBIG? This video is perfect for you because it discusses the benefits of becoming a Pag-IBIG member.

Frequently Asked Questions

If you have any further questions regarding the Pag-IBIG, see the list of frequently asked questions and answers below.

1. What is Pag-IBIG?

Pag-IBIG provides housing funds to all Filipino members, both in the Philippines and overseas.

2. What is Pag-IBIG Virtual?

The Virtual Pag-IBIG Fund is an online service facility provided by Pag-IBIG Fund that allows you to safely and quickly access Pag-IBIG Fund’s services from any smartphone or computer with an internet connection. It also offers an online chat service with a Lingkod Pag-IBIG service officer who is available to answer your questions.

3. Can I go directly to Pag-IBIG?

Yes, you can go to the Pag-IBIG office directly, which is open Monday through Friday from 8 a.m. to 5 p.m.

4. What is the purpose of Pag-IBIG?

Pag-IBIG was created purely as a provident fund to encourage Filipinos to save.

5. Who should become members of the Pag-IBIG Fund?

With the signing of Republic Act No. 9679, membership in the Fund will be mandatory for the following:

  • All employees, laborers, professionals, officers, and businesses covered by the SSS and GSIS,
  • Members of the Philippine Armed Forces, the Bureau of Fire Protection, the Bureau of Jail Management and Penology, and the Philippine National Police, all in uniform,
  • All judges and members of constitutional commissions,
  • OFWs (Overseas Filipino Workers), and
  • Filipinos working for foreign companies, whether in the Philippines or overseas.

6. What is the amount of the Pag-IBIG contribution?

PHP 200 is the starting monthly contribution.

7.  What is the maximum amount I can borrow with a Pag-IBIG Housing Loan?

You can apply for a loan of up to P6 million. However, the amount you can borrow is determined by the lowest of the following:

  • Your actual need;
  • The loan amount you desire;
  • Your loanable amount is determined by your ability to repay; and
  • Ratio of loan to appraised value

8.    How does one become a member of the Pag-IBIG?

It is simple to be a member of Pag-IBIG. Individuals can now apply for Pag-IBIG online at, the official Pag-IBIG fund website. To register for Pag-IBIG, go to the official website and click on the “Virtual Pag-IBIG” area, then the “Be a Member” part. You can also register for membership at a Pag-IBIG regional office near you.

9. When is the deadline for Pag-IBIG contributions?

Within thirty (30) days after the start of their company operations, employers must provide to the Fund all data and information that may be necessary in reference to their respective businesses and employees.

10. How can I continue my Pag-IBIG Contribution (as a Voluntary Member)?

To renew your Pag-IBIG membership and continue making payments, follow these steps:

Step 1: To change your membership information, fill out the Member’s Change of Information Form (MCIF) (e.g., from employed to self-employed).

Step 2: Submit the completed MCIF and two valid IDs to your nearest Pag-IBIG branch.

Step 3: Make your payment at the same location.

11. Is it possible to register for Pag-IBIG online and receive and Pag-IBIG Number?

Yes, you can apply for a Pag-IBIG number and register online. Fill out the form using your PAG-IBIG registration tracking number, last name, and date of birth (MM/DD/YYYYY) by going to the Virtual Pag-IBIG Website and clicking “Be A Member” and then “Verify MID No.” Your Pag-IBIG MID number will be shown.

12. How long does virtual Pag-IBIG take to activate?

Within three (3) business days, your Virtual Pag-IBIG account will be activated.

13. How will I know whether or not my Pag-IBIG is active?

You can reach Pag-IBIG by calling 724-4244 or sending an email to You can contact Pag-IBIG chat support or write a message on Pag-IBIG Facebook’s page if you wish to do it online. Then you can check your contributions at a Pag-IBIG branch near you.

14. How can I keep contributing to my Pag-IBIG fund?

You can add contributions through Virtual Pag-IBIG, any Pag-IBIG Fund branch, or any of our authorized collection partners’ outlets or online payment channels.

If you’re employed, you can top up or add to your monthly membership contributions by sending the “Request for Upgrading of Savings” form to your employer. You can also top up your contributions through Virtual Pag-IBIG, any Pag-IBIG Fund branch, or any of Pag-IBIG’s authorized collection partners’ shops or online payment methods.

15. What is fund coverage in Pag-IBIG?

On the occurrence of any of the following grounds: Membership maturity after 20 years and 240 monthly membership savings, Pag-IBIG Fund guarantees the reimbursement of the member’s savings or Total Accumulated Value (TAV), which consists of the member’s personal savings, employer counterpart (if any), and all dividend profits.

16. Is it possible to withdraw the Pag-IBIG membership?

When your Pag-IBIG membership ends for any of the following reasons, you can withdraw your entire Pag-IBIG savings (also known as provident benefits), which includes all of your contributions and dividends earned: Membership maturit, Retirement, Permanent total disability (PTD) or insanity, Separation from work due to health reasons, Critical illness, Permanent departure from the Philippines, and Death.


One of the most basic necessities of individuals is permanent housing. That is why the Pag-IBIG Fund is in charge of administering the national savings program and providing affordable housing financing to Filipinos.

Knowing about Pag-IBIG benefits might help you get the most out of your membership. You can acquire a calamity or multi-purpose loan from the agency in addition to a mortgage. If you’re at least 45 years old, you may be eligible for provident or retirement benefits. Regular and MP2 savings programs offered by the organization might also help you earn substantial annual profits.

Contact Information

Pag-IBIG Main Office
Address: 2nd Flr, JELP Business Solutions Center, 409 Shaw Boulevard, Brgy. Addition Hills, Mandaluyong City, Philippines
E-mail address:
Telephone Number: 8-724-4244 (8-Pag-IBIG)
Facebook Page:

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