Invest in Pag-IBIG MP2: How to get started Online? & My Own Experience

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2 years ago

This is part 3 of my article series discussing all about Pag-IBIG MP2 answering "how to invest in it?".

The first part is Invest in Pag-IBIG MP2: What is that?

Brief discussion:

What is a Pag-IBIG?

Pag-IBIG is a corporation controlled by the government that primarily provides affordable housing loans to Filipinos. The income that they gain from loaning out the funds is what they pay back to their members as dividends.

What is a Pag-IBIG Regular Savings Program?

Before you can invest in MP2, you are required to be a Regular Pag-IBIG Member first. It is what most of the Filipinos are familiar with. Every employed Filipinos are required to become a Pag-IBIG member. Usually, the employed Filipinos have a monthly deduction from their salary that goes to their Pag-IBIG contribution.

What is a Pag-IBIG Modified Savings Program or MP2?

After we discuss the Pag-IBIG Regular Savings Program, they have an extra savings program which is the Modified Savings Program or MP2. It is Pag-IBIG's initiative to give opportunities for their members to let their money grow even more. MP2 earns higher dividends than the regular savings program but it's voluntary, unlike the regular savings program.

Read the full article for an in depth discussion.

The second part is Invest in Pag-IBIG MP2: Why you should?

Conclusion:

Why invest in Pag-IBIG MP2?

  1. Government-backed

  2. Guaranteed

  3. Tax-free

  4. Start with only ₱500

  5. No Limit

  6. Multiple MP2 Accounts

  7. Open an account online

Read the whole article for an in depth discussion.

You already know by now what Pag-IBIG Fund is, its Regular Savings Program, and its Modified Savings Program or “MP2”. You also knew the reason why you should consider investing in it.

The what and why has been answered already. This time, let's focus on how.

Let's say you want to invest in MP2. How can you get started?

If you are a student like me or you are not yet a Pag-IBIG member, you can register easily by either going to a nearest physical branch or applying online. I suggest that you should apply online because it is more convenient and doesn't involve physical interaction in this time of pandemic.

How to Register at Pag-IBIG Online?

1. Go to the Pag-IBIG Fund Online Membership Registration

It is highly recommended that you use the latest version of your browser when opening the registration system. If you use an older version, you may encounter some issues or difficulties.

Proceed directly to the Pag-IBIG Online Membership Registration System through this link.

2. Complete the pre-registration form

First, Indicate your complete name. If you do not have a middle name in your birth certificate, leave the Middle Name field blank and check the No Middle Name box.

Then, put your birthdate in the format of MM/DD/YYYY.

Lastly, enter the given code. Then click Proceed to continue your registration.

3. Accomplish the online registration form

After you submit the pre-registration form, the system will check its database if you have registered before. If it doesn't find any record that matches your information, it will direct you to the Pag-IBIG membership registration form.

The online form has 8 tabs that need to be filled out for different types of information. Those fields with red asterisks (*) are required, you must not leave them blank.

If you're done filling out a certain tab, click Next to proceed to other tabs. If you want to edit your information on the previous tab, click "Back".

  1. Member Info

  • Fill out the required names according to your birth certificate.

  • Enter your mother’s maiden name (name before she was married) carefully. This is mostly asked from members for identity verification in Pag-IBIG transactions.

  1. Other Info

  • If you are going to pay the contribution directly to the Pag-IBIG Fund, not through salary deduction, select your preferred frequency of payment (monthly/quarterly/semi-annually/annually) in the Frequency of Membership Savings (MS) Payment drop-down menu.

  1. Address

  1. Contacts

  • Be careful in entering your correct mobile number because your registration tracking number (RTN) will be sent via SMS.

  1. Heirs

  • It is optional to add heirs. You may or may not add any. Legal heir are immediate family members (parents, siblings, spouse, and/or children) who will be the beneficiaries in case of the member’s death.

  • Click "Add Heirs" to add a beneficiary.

  • Click "Next" if you don't have heirs.

  1. Member Category

  1. Emp. History

  • If you have been employed previously or currently, click “Add Employment Detail” and provide the information regarding your employer/s.

  • If you have never been employed, click "Next".

  1. Summary

  • At this moment, you have already accomplished filling out the online registration form. I highly suggest that you double-check and edit your information before submission. Click "Back" to return to the previous tabs and make changes.

  • If you're done, click the "Submit Registration".

4. Print or Save the Member’s Data Form (MDF)

After you submit the online form, you will proceed to the Successful Registration Page, which is a confirmation that your Pag-IBIG online registration is already complete.

Read the instructions very carefully. Click the "Print MDF" to view your accomplished Member’s Data Form. This is your proof of Pag-IBIG registration that contains your RTN or registration tracking number (also called Pag-IBIG tracking number).

It is not required to print your MDF. I personally didn't print mine and I just saved it on my phone or laptop.

If you have a working printer, just click the "Print icon on the upper right corner of the page.

If no printer is available at home, you may download your MDF for printing later. To save it as a PDF copy, click the Download icon on the left of the Print icon.

Take note of your RTN.

After your registration, you should also receive a text message with your RTN from the Pag-IBIG Fund.

Your RTN can be used in paying contributions while waiting for your permanent Pag-IBIG number. If you’re employed, give the RTN to your HR or employer, so they can start remitting your contributions.

5. Verify your Pag-IBIG number

After two working days, request your permanent Pag-IBIG MID number through SMS in this format:

IDSTAT RTN BIRTHDATE (MM/DD/YYYY)

Example: IDSTAT 912365478925 5/20/2001

Then send it to any of these numbers:

  • Globe and TM: (0917) 888-4363

  • Smart, TNT, and Sun: (0918) 898-4363

If this doesn't work or you lost your phone, call the Pag-IBIG hotline at 724-4244 or contact the Pag-IBIG email at contactus@pagibigfund.gov.ph to inquire on your Pag-IBIG number. Provide your full name, birthdate, and RTN to the customer service agent.

I personally contacted them through email because they didn't respond through SMS. In my experience, they reply more frequently through email.


Tips:

  • Provide complete and correct information in your online registration form.

  • Don’t leave your computer idle for too long.

  • Take note of your RTN and Pag-IBIG number.

  • Contact the Pag-IBIG hotline or email for any concern about your membership registration.

  • TIN and SSS/GSIS number aren’t required to become Pag-IBIG members.

  • Pag-IBIG membership is also open to students.


My Own Experience:

I applied online to become a Pag-IBIG member last October 21, 2020. I didn't go to the physical branch. I follow the step by step guide that I discussed above on "How to Register at Pag-IBIG Online?".

As soon as I received my Membership ID or MID, I immediately deposited my first ever contribution of only ₱100 through GCash (which has a transaction fee of just ₱5).

Afterwards, I immediately opened my MP2 account.

Remember: In order to start investing in Pag-IBIG MP2, it is a requirement to be an active Pag-IBIG member first wherein you should have at least one contribution in the last 6 months.

So, I already contributed at least once. That means, I am now an active Pag-IBIG member.

Take note: When you open an MP2, you have 2 options: annual dividend payout or 5-year compounded dividends.

I personally choose the 5-year compounded dividends because I want my investment to keep on compounding.

Then, I signed up at their portal: Virtual Pag-IBIG. And I saw that my deposits already reflected there.

Voila! All done. 💸

Photo from We Inform

In my opinion, investing in Pag-IBIG MP2 is perfect for students like me, beginners, and for those that don't have discipline when it comes to investing because MP2 locks up your investment for 5 years.

It is also perfect for conservative investors. To know more about different kinds of investors, I made an article about it here: Kinds of Investors: Determine Your Risk Tolerance

Pag-IBIG MP2 is not only limited to those I mentioned. It is for everyone who wants to keep their money growing.

"Investing is laying out money now to get more money back in the future." —Warren Buffett


To @Eylz2021, thank you for your sponsorship! I deeply appreciate it. ❤️


Photos that I attached are from FilipiKnow.


Previous Articles:

Get to know me more on my noise.cash: CrazyRichFilipina

Date Published: July 13, 2021


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2 years ago

Comments

C, hello. Hehe. May telegram ka ba? Chat sana kita don mag inquire about MP2. Pero pano tong sakin C, previously employed ako pero na stop since I resigned. Mag catch up bako sa missing years na contribution period ko?

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1 year ago

Meron po. Pwede man po ata mag catch up ka sa missing contribution period. Basta ang alam ko po voluntary naman yan.

$ 0.00
1 year ago

Nakooo, nakalimutan ko Pag-ibig number ko. Kaloka 🤦🏿‍♀️ di ko rin mahanap RTN ko. May telegram ka ba C? Para pag may question ako, ask ako guidance sayo. Hehe

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1 year ago

@gigiriego po username ko ate J. Pasabi na lang po if nahanap nyo na. Delete ko tong comment ko dito for privacy purposes. Hahaha.

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1 year ago

Nahanap ko na. Hehe.

$ 0.00
1 year ago

Gusto ko to! Wala pa ako Pag-ibig!

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2 years ago

You should try po. Sana maka-tulong yung articles ko 🤗

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2 years ago

Ganda pala ng Pag-ibig. Ayiie haha! Joke. Wala pa ako nito eh, the steps you presented looks easy and convenient. Try ko rin. Bookmarked.

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2 years ago

Oo maganda talaga ang Pag-IBIG, kaso masakit. 😅 Charot iba na ata yun. Hahaha. Yup, madali lang po. Sana naka-tulong tong article. Thank you!

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2 years ago

I'm bookmarking this. I didn't know they have programs like this. I'll let others know about this too.

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2 years ago

Yes, not everyone knows about this yet. I hope more Filipinos knows this. Glad to hear that you'll share this to others as well. Thank you!

$ 0.01
2 years ago

Someone might need this so we should share the knowledge. Not all will find it useful but there will always be those who understand the value of investment.

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2 years ago

Agree 💯

$ 0.00
2 years ago