The Pag-IBIG MP2 Savings Program is a bit different from the MPL but is another beneficial program offered by Pag-IBIG. The MP2 Savings Program is a voluntary savings program with a five-year maturity that offers higher dividend rates compared to the regular Pag-IBIG savings program. The Pag-IBIG MP2 Calculator helps members estimate the potential dividends they can earn based on their monthly contributions and the projected dividend rate.
Pag-IBIG MP2 Savings Calculator
Annual Dividend Payout
| Year | Annual Dividend Payout | Total Amount |
|---|---|---|
| 1 | ₱0.00 | ₱0.00 |
| 2 | ₱0.00 | ₱0.00 |
| 3 | ₱0.00 | ₱0.00 |
| 4 | ₱0.00 | ₱0.00 |
| 5 | ₱0.00 | ₱0.00 |
| Total | ₱0.00 | ₱0.00 |
Annual Dividend Payout Chart
Compounded Savings
| Year | Dividend Amount | Total Amount |
|---|---|---|
| 1 | ₱0.00 | ₱0.00 |
| 2 | ₱0.00 | ₱0.00 |
| 3 | ₱0.00 | ₱0.00 |
| 4 | ₱0.00 | ₱0.00 |
| 5 | ₱0.00 | ₱0.00 |
| Total | ₱0.00 | ₱0.00 |
Compounded Savings Chart
How to Use the Pag-IBIG MP2 Calculator?
To use the Pag-IBIG MP2 Calculator effectively, just follow these simple steps:
Access the Pag-IBIG MP2 Calculator – Navigate to the MP2 Calculator tab on our website: https://pagibigcalculator.com/mp2-calculator/.
Select Your Type of Savings – From the dropdown menu, choose if you would like to compute the contribution on a monthly basis or as a one-time savings amount.
- Monthly Contribution: If you choose this option, enter the starting amount and monthly contribution you wish to save each month. The minimum amount is ₱500, but you can enter any amount that fits within your budget.
- One-Time Savings: If this option was chosen, enter the entire amount you wish to save all at once. This needs to be at least ₱500 as well.
Enter the Current Rate of Dividend – Enter the MP2 Savings Program’s anticipated dividend rate. Use the most recent rate for accurate results as this rate is subject to annual change.
Calculate The Result – To view an estimate of your overall savings and the dividends you will receive over the selected period, click the “Compute” button.
Examine the Result – Verify the projected dividends and savings. If the results fall short of your expectations, find a better savings plan by recalculating and adjusting the amount you contribute.
Reset if Needed – To clear all the fields and restart the computation, click the “Reset” button.
FAQs
Is there a fee to use the Pag-IBIG MP2 Calculator?
No, the Pag-IBIG MP2 Calculator is a free tool available to all users.
What if I want to adjust my contribution amount after using the calculator?
You can simply re-enter the new contribution amount into the calculator to see how the change will impact your estimated dividends.
Can I check the status of my MP2 savings using the Pag-IBIG MP2 Calculator?
No, you have to check the status of your MP2 savings through the Pag-IBIG Fund online services portal or by visiting a Pag-IBIG branch.
Can I compare different contribution amounts and terms using the calculator?
Yes, you can enter different contribution amounts and durations to see how they affect your estimated dividends, helping you decide the best savings plan for your needs.
What should I do if the calculator does not load or shows an error?
If the calculator does not load or shows an error, try refreshing your browser, clearing your cache, or using a different browser.
How does the Pag-IBIG MP2 Calculator estimate dividends for the first year?
The Pag-IBIG MP2 Calculator calculates the dividend by taking the average of the savings’ starting amount and cumulative savings and then multiplying this average by its dividend rate. Specifically, the formula is:
D = ((sa + cs) / 2) * dr
Where:
D = Dividend
sa = Starting amount
cs = Cumulative savings
dr = Dividend rate
For example: If the starting amount is ₱500.00 and the cumulative savings are ₱6,000.00 with a dividend rate of 7.05%, the calculator first finds the average of the starting amount and cumulative savings. It does this by adding them together and dividing by two, which gives a total of ₱3,250.00. The result is then multiplied by the dividend rate of 7.05% to determine the dividend amount (₱229.13).
How does the Pag-IBIG MP2 Calculator estimate dividends for years 2 to 5?
For years 2 to 5, the Pag-IBIG MP2 Calculator estimates dividends using a formula that takes into account the total accumulated value of your savings, your monthly contributions, and the cumulative savings. Specifically, the formula is:
D = ((tav + mc + cs) / 2) * dr
Where:
D = Dividend
tav = Total accumulated value
mc = Monthly contribution
cs = Cumulative savings
dr = Dividend rate
For example: If you have a total accumulated value of ₱6,243.75, a monthly contribution of ₱500.00, and cumulative savings of ₱12,243.75, the Pag-IBIG MP2 Calculator adds these amounts together to get ₱18,987.50. It then divides this total by 2, resulting in ₱9,493.75. Finally, this amount is multiplied by the dividend rate of 7.05% to calculate the dividend amount (₱668.28).
Important Tips
To make the most of the Pag-IBIG MP2 Calculator and the savings program, you should consider these important tips:
Regular Contributions – Consistently contribute to your MP2 savings to maximize your dividends.
Monitor Dividend Rates -Keep an eye on the annual dividend rates announced by Pag-IBIG. This information will help you make more accurate calculations and adjust your contributions if needed.
Long-Term Commitment – Treat the MP2 program as a long-term savings plan. The five-year maturity period allows your savings to grow with compounded dividends, providing better returns.
Diversify Savings – Consider diversifying your savings by contributing to both the regular Pag-IBIG savings program and the MP2 program as this strategy can provide more stability and potential growth for your investments.
Consult Financial Advisors – If you are unsure about any aspect of the MP2 program or need personalized advice, consult a financial advisor or a Pag-IBIG representative.