When Does Pag Ibig Mp2 Give Dividends?

Are you a Pag-IBIG member? Have you been considering investing in the Multi-Purpose Loan Program (MP2) but want to know more about when and how dividends are paid out?

We’ve got you covered! In this blog post, we’ll discuss exactly how the MP2 works and how it can help you save money for your future.

When Does Pag Ibig Mp2 Give Dividends?

The Pag-IBIG MP2 program is a savings program and not an investment program that pays dividends. MP2 account holders receive dividends in the form of an interest rate, which is determined by the Pag-IBIG Fund’s board of trustees and is based on the fund’s performance.

The interest rate for the Pag-IBIG MP2 program may change periodically and you will earn interest on your savings starting from the date of deposit. Interest is credited to your account annually on the anniversary date of your initial deposit.

See Also:- Pag-IBIG MP2 Calculator Philippines

It’s important to note that, your MP2 savings account is a long-term savings program and the fund is intended for use after 5 years for housing-related expenses or for a retirement fund. Premature withdrawals may result in penalties.

To check the interest rate for the current year, you can visit the Pag-IBIG Fund website or inquire from their customer service hotline.

It’s advisable to consult with a Pag-IBIG Fund representative or a financial advisor before making any decisions about withdrawing your MP2 savings to ensure that you understand the conditions and any potential penalties, as well as how it may affect your future retirement plans.

What Is Pag-IBIG MP2?

Pag-IBIG MP2 is a five year savings program that enables members to invest a minimum of 500 pesos per month with a maximum of 10,000 pesos. Members earn interest on their investments, which are calculated based on the current market rate and are credited every month. The interest rate is declared by PAG-IBIG on a quarterly basis, so it pays to stay informed about changes in the market!

When Do I Get My Dividends?

At the end of each 5 year term, members receive their accumulated savings plus any dividends earned. Dividends vary from one person to another depending on when they joined the program and how much they have contributed to their account. Generally speaking, however, the longer someone stays in the program and makes regular payments into their account, the higher their dividend will be at maturity. Additionally, members who have reached 10 years can also apply for an additional loan up to 70% of their total balance or two times their total savings contributions within the last 12 months – whichever is lower.

It’s important to note that while contributions towards Pag-IBIG MP2 are voluntary, withdrawals before maturity are not allowed except in case of death or upon reaching retirement age (60). It’s also important to remember that there are other rules set forth by PAG-IBIG regarding withdrawals for medical emergencies and education expenses. To learn more about these rules and regulations please refer to PAG-IBIG’s official website.

MP2 Savings Dividend Rate

Year	MP2 Savings Dividend Rate
2022	6.00%
2021	6.00%
2020	6.12%
2019	7.23%
2018	7.41%
2017	8.11%
2016	7.43%
2015	5.34%
2014	4.69%
2013	4.58%
2012	4.67%
2011	4.63%

Conclusion:

Whether you’re just starting out saving for retirement or looking for an additional way to invest your hard earned money, Pag-IBIG MP2 may be worth considering. With its low minimum contribution amount and generous dividend payout at maturity, it offers a great opportunity for Filipinos looking for ways to save for their future. And now that you know when dividends are paid out with MP2 accounts, what’s stopping you from getting started today? Sign up today! Good luck!

Related:-

How To Enroll In Pag Ibig Mp2?