Successfully Activated My Virtual Pagibig Account
By ARIES1973
@ARIES1973 (11426)
Legaspi, Philippines
April 9, 2021 8:20am CST
Pagibig or HDMF is a government owned and controlled corporation extending various savings program and affordable loan packages for Filipino employees. I have learned that it already has an online site where members can view and track their paid contributions, loans and other updates.
Being an active member for 18 years, I decided to open my virtual account. Doing this can help me track my records online with ease. After waiting for 3 days, I received a message that my account is now ready and I can now use it.
I am excited to log in to my account especially when I checked that my emergency loan which I availed 2 years ago was already paid as well as my other loan. I was also surprised to see that my contribution is actually earning an interest and those were added to my total savings.
I am planning to open another service they are offering, the MP2 which is another savings program with an interest higher than the regular savings program. It was last year when I learned about it but I decided that I need to finish first my loans before I actually started investing.
I hope everyone is doing great!
4 people like this
3 responses
@ARIES1973 (11426)
• Legaspi, Philippines
10 Apr 21
Thank you so much Dianne! I wish you more.
1 person likes this
@allen0187 (58444)
• Philippines
9 Apr 21
Good for you. Heard a lot of good things about the MP2 program of PAG-IBIG.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
10 Apr 21
Thank you. Yes, I know it could help a lot in terms of having additional income. When I checked the site, it shows that the program started in 2011 and they are giving 4.5% to 8.11% tax-free dividend rate based on the current year's income of Pagibig. This is higher than any bank's offer. I already downloaded the forms and will submit it to the Pagibig office near my area so I can start on May. I would be easy because it will be deducted on my salary. By the way, we can also deposit a higher amount and continue with the salary deduction method.
1 person likes this
@allen0187 (58444)
• Philippines
10 Apr 21
@ARIES1973 yup. Read that as well.
Good for you.
1 person likes this
@mythociate (21437)
• Oklahoma City, Oklahoma
9 Apr 21
Blessed Abundance!
The 'devil' in me wants to be sure you're giving something in exchange for what you get--the whole Quid pro Quo-rule.
The 'angel' in me hopes you're giving 'just a little' and using it smart to gain 'a lot' (like the massive ship changes course when the captain moves the little rudder).
I can't quite understand the chart, so my guess is: You work for the government, earning money. You let them use part of your money (making investments, using your money to as collateral for loans, or whatever it is banks do that earns you interest). And can withdraw your savings plus interest at a later date?
Sounds efficient.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
9 Apr 21
Hi there! Thank you for dropping by. Yes, all employees in our country are required by law to become a member of this institution. It helps us, members, through their loan and saving programs. I am happy that they already have their online site.
1 person likes this
