Let me set the definition of Pagibig MP2 first,
Pagibig MP2 is a type of time deposit
offered by HDMF or Pagibig Housing.
Time deposit means your money is locked in for
minimum of 5 years and you can renew it for as long as you like.
Anyone who has HDMF number or a member can apply
for it at any Pagibig Branches.
The minimum deposit for Pagibig MP2 is 500
pesos and it's up to you if you want to increase it to your liking.
No. It is the same, it just varies to how you pay whether its monthly or upfront one time only?
I already have an account on Pagibig MP2 wherein I pay monthly can I open another account?
Yes, you may. According to the website, there is no restriction as to how many MP2 accounts you can open. Kindly check here for more FAQ about Pagibig MP2.
Is it any different with Pagibig MP2 One Time Payment method?
No. It is the same, it just varies to how you pay whether its monthly or upfront one time only?
I already have an account on Pagibig MP2 wherein I pay monthly can I open another account?
Yes, you may. According to the website, there is no restriction as to how many MP2 accounts you can open. Kindly check here for more FAQ about Pagibig MP2.
One Time Payment method in Pagibig MP2?
In case you miss it check out how did I apply
for Pagibig MP2 click here.
What does One Time Payment Method Mean?
Upon opening a Pagibig MP2 you can pay the
whole 5 years upfront amounting to 30,000 pesos and Pagibig will give you a
higher interest rate than usual.
Why 30,000? The minimum deposit is 500 pesos
multiplied to 5 years is 30,000.
The difference in interest is not bad.
Pagibig MP2 One time Payment has a bigger interest
rate compared to remitting money on a monthly basis.
As shown in the first picture you will gain 6,000 pesos more assuming that the interest rate is @ 6.96% upon maturity.
As we all know, this 2018 the interest rate racks up to 8% if I am not mistaken which is pretty good news.
I guess Filipinos are more eager to invest nowadays and Pagibig MP2 is one of the good investing platforms out there, in my opinion, knowing that it is risk-free and guaranteed by the government. Did I mention as well that it is tax-free?
Great news right?
As we all know, this 2018 the interest rate racks up to 8% if I am not mistaken which is pretty good news.
I guess Filipinos are more eager to invest nowadays and Pagibig MP2 is one of the good investing platforms out there, in my opinion, knowing that it is risk-free and guaranteed by the government. Did I mention as well that it is tax-free?
Great news right?
Thoughts
I actually didn’t know that there is such thing
as a one-time payment.
So, if Pagibig MP2 fits your financial goal
please take time to consider the one-time payment and enjoy higher yields!
Check out other investment platform I tried click here.
Check out other investment platform I tried click here.
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