OFWs may withdraw full Pag-IBIG savings early

The 100% early claim covers regular and MP2 savings, alongside a three-month housing loan moratorium for those repatriated from the Middle East.

Repatriated overseas Filipino workers (OFWs) from the Middle East are given financial breathing room under a newly approved benefit package.

The Pag-IBIG Fund has recently announced that it will allow qualified OFWs directly affected by the crisis to withdraw up to 100% of their regular savings early, including their employee and employer shares and accumulated dividends, before its 20-year maturity.

MP2 savings: Breaking the 5-year lock

OFWs can also apply to withdraw up to 100% of their Modified Pag-IBIG II or MP2 savings, including returns earned, before its 5-year maturity.

Additionally, members may get a three-month moratorium on interest- and penalty-free housing loan payments, providing temporary relief as families adjust to sudden loss of income.

The move comes as thousands of OFWs face disrupted employment and rising living costs, worsened by the global oil crisis that has driven up prices of basic goods and transportation.

Government data show that nearly 900,000 Pag-IBIG members are based in the Middle East, many of whom support families back home through remittances. The program aims to help returning workers cover immediate expenses like food, housing, and reintegration costs.

 

 

Financial relief for our modern-day heroes. Discover how repatriated OFWs can now access their full Pag-IBIG and MP2 savings years ahead of maturity to navigate the 2026 global crisis.

 

 

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