he Modified Pag-IBIG II (MP2) Savings Program is a voluntary savings scheme offered by the Pag-IBIG Fund, designed to provide members with an opportunity to earn higher dividends compared to the regular Pag-IBIG savings program. With a minimum contribution of PHP 500, members can choose to save monthly or make a lump-sum deposit, with no maximum limit on the amount they can save. The program has a five-year maturity period, and members have the option to receive dividends annually or upon maturity, with the dividends being tax-free and derived from at least 70% of the Pag-IBIG Fund’s annual net income .