Pag-ibig Fund or the Philippine Home Development Mutual Fund (HDMF) has ever been open to showing the computation of their Pag-ibig contributions to their members. Human resources might be very familiar with how Pag-ibig Fund contribution is computed, but others may find it baffling. The official site of Pag-ibig or “Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno” would show the answers to the frequently asked questions pertaining to their services namely: Prvident savings. Provident savings is what we contribute every month for Pag-ibig which appears on our payslips.
The Pag-ibig Savings Program is a fast and affordable way for the members to save for their future. Qualified members are given acess to Short-Term Loans (STL) for thier immediate needs and housing loan with easy payment terms and low interest rates. The monthly savings with Pag-IBIG fund is Php 100.00 based on the maximum monthly compensation of Php 5,000.00. The member may increase his/her monthly savings for his/her future needs and for higher loanable amount for Short-Term loans.
Contribution Table is shown below updated for the year 2018, which basically shows the amount of employee and employer share for the HDMF contribution. Other modes of Savings is offered by Pag-Ibig, which offers better rate (dividend) compared to interest in usual financial institutions. The Pag-Ibig MP2 review shows the benefits of availing these Pag-Ibig savings program.