Pag-IBIG (HDMF) for OFWs — Housing Loan & MP2 Savings Guide 2026
Pag-IBIG (Home Development Mutual Fund or HDMF) helps OFWs build a home in the Philippines through affordable housing loans of up to PHP 6 million, and grow savings through the MP2 programme with dividends of 7%+ per year — among the highest guaranteed returns available to Filipinos.
OFW Advantage: Pag-IBIG offers OFWs housing loans at interest rates as low as 5.375% per annum for up to 30 years. The MP2 savings programme consistently delivers 7%+ annual dividends — far above bank savings rates.
Pag-IBIG Contributions
| Monthly Income | Employee Share | Employer Share | OFW (Voluntary) |
|---|---|---|---|
| PHP 1,500 and below | 1% | 2% | PHP 100 minimum |
| Over PHP 1,500 | 2% | 2% | PHP 200–PHP 5,000 |
OFWs contribute as voluntary members. The minimum is PHP 100/month, but higher contributions (PHP 500–5,000) increase your housing loan eligibility and savings.
Pag-IBIG Housing Loan for OFWs
Loan Features
| Feature | Details |
|---|---|
| Maximum loan | PHP 6 million |
| Interest rate | 5.375% (for PHP 750K and below) to 10.375% p.a. |
| Loan term | Up to 30 years |
| Down payment | Minimum 10% (new) or 0% for socialized housing |
| Eligible properties | House and lot, townhouse, condo, vacant lot |
Requirements for OFW Applicants
- Active Pag-IBIG member with at least 24 monthly contributions
- Valid passport and OEC
- Employment contract or certificate of employment
- Income documents (payslip or bank statement)
- Special Power of Attorney (SPA) authorising a representative in the Philippines
- Property documents from the developer/seller
MP2 Savings Programme
MP2 (Modified Pag-IBIG II) is a voluntary savings programme exclusively for Pag-IBIG members. It is one of the best low-risk investment options for Filipinos:
MP2 Features
- Dividend rate: 7.03% (2024) — tax-free
- Minimum deposit: PHP 500/month or PHP 500 lump sum
- Term: 5 years (renewable)
- Tax: Dividends are TAX-FREE
- Safety: Government-guaranteed
Why OFWs Love MP2
- Higher returns than bank time deposits (1-3%)
- Tax-free dividends
- Government-backed, zero risk of loss
- Can save via GCash, online banking
- Perfect for building emergency fund or retirement
How to Pay Pag-IBIG Abroad
- Pag-IBIG Virtual Office: pagibigfundservices.com
- GCash / Maya: Pay contributions and MP2 deposits directly
- Online banking: BDO, BPI, Metrobank, PNB
- Bayad Center: Have family pay in the Philippines
- Remittance partners: Selected remittance centres abroad
Related Pages
Property Investment
Buy property from abroad
SSS Abroad
Social security
Remittance Guide
Send money home
MP2 Returns
- 2024: 7.03% dividend
- 2023: 7.05% dividend
- 2022: 6.63% dividend
- 2021: 6.01% dividend
- Tax: Dividends are TAX-FREE
OFW Services