How to Open Pag-IBIG MP2 Online

Quick answer

MP2 is Pag-IBIG's voluntary 5-year savings program, on top of your regular savings. Enroll on Virtual Pag-IBIG under Be a Member, Apply for MP2: choose your membership classification, validate your MID number, fill in the form and save the MP2 account number you receive. Then pay at least PHP 500 using that MP2 account number. Enrolling costs nothing.

What do you need before you start?

Your 12-digit MID number, name and date of birth.
Your membership classification: Active, Pensioner, Former Natural-Born Filipino or Others. "Active" means at least one regular contribution in the last six months.
Your dividend choice, which you cannot change later for this account: yearly payout to a bank account in your name, or dividends compounded and paid with your savings after 5 years.
For yearly payout: a savings or checking account at a Pag-IBIG accredited bank.
If you plan to save more than PHP 100,000, proof of income or source of funds.

How do you do it, step by step?

1. Open https://www.pagibigfundservices.com/virtualpagibig/, choose Be a Member, then Apply for MP2
2. Pick your membership classification and press CONTINUE
3. Type your MID number, last name, first name and date of birth, then press VALIDATE
4. Fill in the rest of the form, including your dividend payout choice and, for yearly payout, your bank details
5. Upload any document the form asks for and enter the one-time PIN if one is sent
6. Read the MP2 terms and submit
7. Save the MP2 account number shown
It is different from your MID number.
8. Pay your first savings with the MP2 account number
See pay Pag-IBIG online.

What if it does not work?

Enrollment not accepted
your regular savings may not be active. Pay a regular contribution first, then try again.
MID number not validated
check the 12 digits and type your name and birth date exactly as in your Pag-IBIG record.
No MP2 account number after submitting
do not enroll again right away. Contact Pag-IBIG first so you do not open two accounts by mistake.
Payment went to regular savings
you used your MID number instead of the MP2 account number. Send your receipt to Pag-IBIG. Other problems: Virtual Pag-IBIG errors.

Frequently asked questions

How much is the minimum MP2 savings?

PHP 500 per payment. There is no upper limit, but a one-time payment above PHP 500,000 must be made by personal or manager's check, and savings above PHP 100,000 need proof of income or source of funds.

How long is the MP2 term?

Five years from your first payment. After it matures, you can claim your savings online on Virtual Pag-IBIG or at a branch, and open a new MP2 account if you want to keep saving.

Are MP2 dividends taxed?

No. Pag-IBIG states that MP2 dividends are tax-free. The dividend rate is declared each year and is higher than the regular savings rate.

Can I have more than one MP2 account?

Yes. You can open and keep several MP2 accounts, each with its own account number and dividend choice.

Can OFWs open MP2?

Yes, if they are active members. OFWs who choose yearly payout but have no Philippine bank account receive their dividends by check. See Pag-IBIG for OFWs.

Can I withdraw MP2 before 5 years?

Only for specific reasons listed by Pag-IBIG, such as total disability, serious illness, retirement, permanent departure from the country or death of the member or an immediate family member. Early withdrawal cuts the dividends by 50%.

Official portal

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