How to Create a Pag-IBIG MP2 Account Online (Step-by-Step Guide)
The Pag-IBIG MP2 Savings Program (Modified Pag-IBIG II) is a voluntary savings program backed by the Philippine government, designed for members who want higher dividends than the regular Pag-IBIG savings.
This guide walks you through how to open an MP2 account online, what you need to prepare, and what to realistically expect after signing up.
What Is Pag-IBIG MP2?
Pag-IBIG MP2 is:
- Voluntary (you decide how much and when to save)
- Government-guaranteed (principal is guaranteed by Pag-IBIG Fund)
- Tax-free dividends
- 5-year maturity
You can have multiple MP2 accounts, each with its own 5-year term.
Who Can Open an MP2 Account?
You can open an MP2 account if you are:
- An active Pag-IBIG member, or
- A former Pag-IBIG member with at least 24 monthly contributions, or
- A retired member who wishes to continue saving
⚠️ You must already have a Pag-IBIG MID Number before creating an MP2 account.
What to Prepare Before You Start
Before going online, make sure you have the following ready:
1. Pag-IBIG MID Number
- This is your 12-digit Pag-IBIG Membership ID
- If you don’t have one yet, you must register as a Pag-IBIG member first
2. Valid ID
- Philippine Identification (PhilID) Card
- Passport including those issued by foreign governments
- Driver`s License
- Professional Regulation Commission (PRC) ID
- National Bureau of Investigation (NBI) Clearance
- Police Clearance
- Postal ID
- Voter`s ID
- Tax Identification Number (TIN) ID
- Barangay Certification or Barangay IDs or similar documents bearing picture of the Member
- Government Service Insurance System (GSIS) e-Card
- Social Security System (SSS) Card
- Senior Citizen Card
- Overseas Workers Welfare Administration (OWWA) ID
- Overseas Filipino Worker ID
- Seaman`s Book or Seafarer`s Identification and Record Book (SIRB)
- Alien Certification of Registration/Immigrant Certificate of Registration
- Government Office and GOCC ID, e.g. AFP ID, Pag-lBIG Fund Loyalty Card
- ID issued by the National Council on Disability Affairs (NCDA)
- Department of Social Welfare and Development (DSWD) Certification
- Integrated Bar of the Philippines ID
- Company ID issued by Private Entities or Institutions Registered with or supervised or regulated eit
- PhilHealth Health Insurance Card ng Bayan
3. SELFIE PHOTO
- Selfie photo showing your ID Card
4. PROOF OF INCOME/ SOURCE OF FUND
Step-by-Step: How to Create an MP2 Account Online
Step 1: Go to the Pag-IBIG MP2 Online Enrollment Page
Visit the official Pag-IBIG website (or click this link https://www.pagibigfundservices.com/virtualpagibig/Membership.aspx) and select “Apply for MP2” under Be a Member.
Step 2: Fill Out the VALIDATE Pag-IBIG MEMBERSHIP ID Form
You input your Membership ID (MID) Number, Last Name, First Name and Date of Birth.
Once your MID Number is validated, you can proceed to the next step.
Selecting your membership classification:
Since I’m an Active member, I choose “Active” and click “Continue”
Step 3: Validation Page
On this page, you will see if you are eligible and will be asked for your contact information:
Input your Contact Details and Click “Proceed”.
On the prompt, select “Yes”
Step 4: OTP verification
Another prompt will show, telling you that an OTP will be sent to your phone number. Click “OK”.
On the next page, input the OTP you received and click “Proceed”.
Step 5: Savings Information
Enrolment Details Area is prepopulated; you only need to input details in the “Other Information” Area.
Since the minimum amount for every transaction is 500, I set it to 500 then paying thru Accredited Pag-IBIG collecting partners and salary as the source of funds.
Step 6: Uploading your Documents
For an active member, I only prepared 1 Valid ID, a Selfie Photo and a photo of my Payslip.
Make sure all of your files are under 3MB file size. Otherwise, the form cannot be submitted.
Once all are set, you can click “Submit”. You will receive a text message and email notification confirming your application – make note of your Registration Tracking Number (RTN).
What to Expect After Creating Your MP2 Account
1. Account Activation
MP2 accounts usually take 3-7 business days to be activated after enrollment.
You may also check your Virtual Pag-IBIG account to see if an MP2 account appears there.
2. Contribution Posting Delays
It’s normal to experience:
- Delayed posting of payments
- Contributions reflecting end-of-month or later
This does not affect dividend eligibility as long as payment is recorded within the year.
3. Dividend Credit Schedule
Dividends are declared annually (usually around Q1–Q2 of the following year)
Rates vary yearly and are not guaranteed, but historically competitive
4. Lock-in Period
MP2 has a 5-year maturity
Early withdrawal is allowed only under specific conditions (e.g., death, disability, medical reasons)
5. You Can Open More MP2 Accounts
Many savers:
- Open a new MP2 account every year, or
- Separate accounts by goal (travel, retirement, education)
- Each account earns dividends independently.
Quick FAQ
Q: Is MP2 better than regular Pag-IBIG savings?
A: Yes, MP2 typically earns higher dividends and is designed for long-term saving.
Q: Can I skip monthly contributions?
A: Yes. MP2 is flexible, You contribute when and how much you want.
Q: Is my money safe?
A: Yes. Your principal is government-guaranteed.
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