PAG IBIG provides affordable saving plans and loan terms to Filipino workers. Throughout PAG IBIG’s loan journey, one crucial aspect is how you can calculate your contributions. Knowing it, you can set your future goals and benefit more from the loan payments. Here we’ve introduced the PAG IBIG Contribution calculator for loan members.
Helpful Articles:
Pag IBIG Contribution Table 2023
How Much Are PAG IBIG Contributions?
How to Withdraw PAG IBIG Contribution?
Can I Withdraw my PAG IBIG Contribution?
How to Claim PAG IBIG Contribution?
How to Compute PAG IBIG Contribution?
By utilizing the PAG contribution calculator, you are able to access your monthly loan installments. So, you can acquire your desired information through unique input factors associated with your loan contributions. These can be your borrowing charges, interest prices, and loan time period. After inserting this required information into the PAG IBIG calculator, the system will figure out the total loan contributions.
Contents
- 1 PAG IBIG Contribution Calculator
- 2 PAG Contribution Calculations
- 3 How to use PAG IBIG Contribution Calculator?
- 4 How can you Calculate your entire Contribution to PAG IBIG?
- 5 Benefits of Using PAG IBIG Calculator for Entire Contribution
- 6 What is the minimal amount of Contribution for acquiring a PAG House loan?
- 7 Conclusion
PAG IBIG Contribution Calculator
PAG IBIG Contribution Calculator is the supplementary tool that has automated the calculation process.
This tool works on your inserted inputs and provides the entire calculable information, whether this information is linked to housing loan calculations, amortizations, or your saving plans.
Thus, this smart tool has made the calculations highly advantageous for all members, saves time, and eliminates the trouble of manual calculations.
PAG Contribution Calculations
PAG IBIG Loan calculations and savings plans are made pretty comprehensible via the PAG Contribution Calculator. It’s a quick and easy way of calculations. For members interested in paying their monthly contributions routinely, you just need to know the contribution criteria.
Your entire contributions are linked to your monthly compensations and contributed amounts. Furthermore, this contribution information is convenient for all members whether you own the loan as an Employed person, OFW, voluntary or self-employed. You can obtain your track record of whole contributed payments using a swift calculator.
How to use PAG IBIG Contribution Calculator?
Eventually, the employee’s per-month contribution must be shared with the employer. On account of PAG IBIG permitted monthly compensation is set at a maximum of PHP 5,000. You may calculate your savings and contributions according to it.
How can you Calculate your entire Contribution to PAG IBIG?
For example, you’re calculating your contributions as an employee, and your monthly salary is PHP 15,000. Here are most contrary views on online information, but according to our PAG IBIG official statement, your monthly contributions are not 2% of your entire PHP 15,000.
Rather, your contributions are calculated by the maximum limit of PHP 5,000. Your amount is considered according to PHP 100 and calculated as PHP 5,000 x 0.02. now, suppose your income increases from PHP 5,000. Your contributed amount remains PHP 100, and your employer’s counter-participation is 2%. The entire resulting amount will become PHP 200.
There are Contributions for all Qualifying Members of the PAG IBIG organization:
Monthly Salary and Membership Contributed Savings (for Employers and Employees in 2023)
| Monthly Compensations | Employer | Employee’s | Total |
| PHP 1500 or Below | 1% | 2% | 3% |
| PHP 1,500 – PHP 4.999 | 2% | 2% | 4% |
| > PHP 5,000 | 3% | 3% | 6% |
Monthly Salary and Membership Contributed Savings (for Self-employed in 2023)
| Monthly Compensations | Contribution Rates |
| PHP 1,000 – PHP 1,500 | 1% |
| PHP 1,500 – PHP 4,999 | 2% |
| > PHP 5,000 | 3% |
Monthly Salary and Membership Contributed Savings (for OFWs with Mandatory Employers in 2023)
| Monthly Compensations | Foreign Employers | OFWs | Total |
| PHP 1500 or Below | 1% | 2% | 3% |
| PHP 1,500 – PHP 4.999 | 2% | 2% | 4% |
| > PHP 5,000 | 3% | 3% | 6% |
OFW members with their exempted employers work in companies not registered or subjected to Philippine standards. They have to pay the standard 2% of the entire monthly income.
Benefits of Using PAG IBIG Calculator for Entire Contribution
What is the minimal amount of Contribution for acquiring a PAG House loan?
Usually, it is related to a member’s employment status and monthly salary. However, when you have the membership, you will contribute at least PHP 100 monthly. Furthermore, you’re eligible to contribute even more amount as well.
Conclusion
PAG IBIG calculator has offered financial assurance to all contributed members. Though, you can understand the exact status of your contributions. Whether you are an employer, self-employed, or OFW member, your contributions rely on your interest rates, loan amount, and selected terms. Ultimately, this calculator simplifies and quickly estimates your accurate contributions.