How to pay your PAG-IBIG mortgage online
I'm on my fourth or fifth year into my 30 year PAG-IBIG mortgage. The first three years, our unit was a dormitory for some students in the nearby college and my mom played landlady, paying the mortgage from the rental income.
When I took over the mortgage, I was honestly too lazy to go all the way to the PAG-IBIG Makati office to tender PDCs for the next year and lining up monthly to remit my mortgage payment was also a no-no, besides, my PAG-IBIG statement of account always arrived late, if it even arrived at all. Some googling action revealed that yes, I can actually pay my PAG-IBIG mortgage online! Huzzah!
Here's how to do it.
If you have your statement of account, take note of the Payment Reference No:
Open your online banking account, I use Metrobankdirect.
Pull up Pag-Ibig Fund (Individual) from the drop down menu and enter your payment reference number inside the Subscriber/Account No. field.
Enter your mortgage payment. Click continue and you're golden.
If you don't have a statement of account, or your statement of account is late as usual, head on over to the Housing Loan Verification page.
Type in your login details.
Click "View Billing Statement".
You'll get a soft copy of your statement of account.
Login to your online banking account and refer to the first part of this tutorial.
How easy is that right? Sure beats lining up month after month to pay bills. I swear, the person who invented online bills payment should get a Nobel Peace Prize and kudos to PAG-IBIG for thinking of the convenience of their customers.
UPDATE: You can now get a copy of your Pag-ibig monthly billing statement through your email. In the Housing Loan Verification page, tick the box before "Check here to update Email Address for monthly billing statement." And that's that. Your monthly billing statement will be emailed to you.
UPDATE: You can now get a copy of your Pag-ibig monthly billing statement through your email. In the Housing Loan Verification page, tick the box before "Check here to update Email Address for monthly billing statement." And that's that. Your monthly billing statement will be emailed to you.
Comments
I used to have a Pag-ibig fund, but stopped a year ago when I moved to another job (if I want to continue, I need to pay voluntary). Anyway, may I ask what's their interest rate? I want to compare Pag-ibig vs our company's housing loan, to know if I should continue paying or not.
The first time I paid more than the mortgage, I paid my mortgage and then made another payment a few days later, thinking that the second payment will be considered as extra payment and credited to the principal. But the extra payment was treated as advance payment lang, credited to the following month.
So now what I do is I make one payment monthly but add extra to my mortgage and that extra is automatically deducted from the principal.
thanks for any feedback.
I don't have a PAG-ibig loan yet, but we're considering it when we build our house. So it's nice to know I can actually do it online.
Thanks!!!:D
I would like to inquire what if i'll be paying the MONTHLY SAVINGS (not Housing Loan as illustrated above), what will i input in the "Subscriber/Account No." entry?
Thanks
1. May permanent date po ba ung monthly payment sa pagibig (like i have to pay every 1st or 2nd of the month)?
2. If I need to pay my monthly amortization every 1st of the month when do I need to make may online payment sa metrobank?
3. After paying online how many days po before mareceive ng pagibig ang payment ko?
sabi kasi ng pagibig it will take 3-4 weeks before my payment will be posted kung thru online ako magbabayad. Worried po ako na baka macharge ako ng penalty.
Sorry po dami ko questions. Sana po you could help me with some information.
Thank you.
As for when to pay, I usually pay about 3-5 working days before the due date and my payment is always reflected in the next statement of account with no penalty charge. I really don't think it will take 3-4 weeks before your payment will be posted, that's just insane.
Cheers Pag-ibig member
I actually did what you said the first time I tried to pay online and received an error message. I called the Metrobank Direct hotline and was told to do what I outlined in my tutorial.
Hope this helps!
More power to you! :)
THanks.
Online payments for housing loans are only accepted in Metrobank and Landbank http://www.pagibigfund.gov.ph/payments/paymentfacilities.html
I don't know if you can avail of a discount if you prepay though, but my guess is you won't be given a discount.
Please call the Pag-ibig hotline (you can google the number) if you want an official answer and if you want to know where you can have your recomputation done.
Thank you for sharing this online payment, it is really helpful for me as an OCW. Any idea how many days the payment will reflect to my PAG-IBIG account in payments online verification? Already paid my July mortgage 2 days ago.
Do I need to register this as a new biller? I tried but I can't find on the drop down menu this Pag-Ibig Fund.
You will find the item Pag-ibig under Special Biller --> Category - Government ---> Biller - Pag-Ibig Fund (Individual)
The penalty was a minimal amount but I cringed because of my stupidity at waiting until the last moment to pay.
Housing Loan lang yung pwedeng bayaran sa Metrobank Direct. Kung monthly contribution, pwede ka magbayad sa mga Bayad Center at SM Business Centers. Here's the link to the Guide on Pag-IBIG Payment Facilities http://www.pagibigfund.gov.ph/payments/paymentfacilities.html
Thanks in advance! Will appreciate your response.
I endorsed your question to Joan De Venecia, Pag-ibig VP for Public Relations and Information Services Group and I'm pasting her complete answer below. Hope it helps!
*****
Hi Jill! Is this house and lot purchased from a developer? Can your friend clarify why it's not available through Pag-IBIG financing? If developer is not accredited by Pag-IBIG, this shouldn't be an obstacle to taking out a loan provided she is a member of Pag-IBIG. She can just go straight to us and apply and not through the developer.
Thanks! If she lives in NCR, she can go to our office in Shaw Blvd near Nueve de Pebrero beside Hyundai dealership. We also have FAQs at our website www.pagibigfund.gov.ph - it's a very useful tool and some of her questions may already be answered there. She can also schedule her HL application interview date through our website so she doesn't have to wait long.
Can you explain arrears?
And Pag-IBIG does reply to emails, but it takes them a few days or 2-3 weeks to do so. Just hold tight and I'm sure they'll get back to you soon.
how can i check my updated statement account?
You can check your updated statement of account by opening an online account with Pag-ibig. You'll be able to access your current and past statements there.
Clarification lang. How do you check na nababawasan yung principal loan mo if may excess sa monthly amortization na bayad? say for example, nagloan po sa pagibig ng 900K.monthly amortization is 8K. I paid 50K. Yung 42K po mababawas sa principal na 900K? TIA
That's why I really like Pag-ibig, it's so easy to destroy the mortgage since you can make extra payments towards the principal without getting penalized, unlike with bank loans.
Let's say, monthly amortization mo is 10k and you want to pay 50k, is it ok to enter in the amount you wish to pay area: 50000? Sometimes kasi with online they are very specific with the amount indicated in the billing, even to the centavos. I am not sure lang with Metrobank Direct. Will it be credited and accepted?
Thank you.
I've been paying extra for my mortgage every month using both online and over the counter payments and I've never had a problem. Pag-ibig really does encourage extra payments because unlike bank mortgages that penalize you for extra payments or forbid them outright, Pag-ibig applies the extra payment to the principal amount, effectively cutting down your payment period.
Thank you for sharing this information.
Can you advise me please. I want to finish paying my mortgage early, so I wanted to have it recomputed.
Could you tell me how to request this from Pagibig. I worked abroad so it is my sister who is taking care of this for me. Also, is it a good idea, to pay extra to lessen the pricipal amount.
Thanks in advance
I am not sure how the recomputation of a pag-ibig mortgage works, but my best guess is to ask Pag-ibig directly through the hotlines, email or a Pag-ibig branch (http://www.pagibigfund.gov.ph/contacthdmf.aspx).
Another way of paying off your mortgage early is to make extra payments on top of your mortgage, so yes I highly recommend paying extra because it goes directly to the principal amount.
Even if you don't have your mortgage recomputed but you pay in excess of the monthly mortgage, all of the extra payments are credited to the principal amount so you will also end up paying off your mortgage early.
Sa pagkakaalam ko, kung gusto mong baguhin yung housing loan term, magbabayad ka ng extra diretso sa pag-ibig tapos ire-recompute nila yung loan ng may mas maiksing term.
This is very helpful. I will pay my housing loan via Metrobank direct starting this month.
Anyways I have something to ask.
I have paid my monthly mortgage of 7.1k for aug 2015 on july 31, 2015 higher than my actual mortgage which is only at 6.9k but unfortunately the due payment placed my the metrobank teller is on aug 31 2015 beyond my due date of aug 21 2015 (stupid of me for not checking i was so confident that she would just put aug 2015 because the other teller just place month and year)(I'm still paying via bank), so when my september billing arrived I had already some penalty. How do they compute for the penalty? Is it per day? Or until the next monthly due date? because I had just laps around 11 days including saturday and sunday. And my penalty was arround 110 php.
Am i correct to assume that from my 7.1k-6.9k (monthly mortgage-aug) - 110 (penalty-aug) = 90 (this amount would be deducted from my outstanding balance?)
Because on the September billing they email me they just inputed the whole payment due which would be, 6.9k (aug) + 110(aug penalty) 6.9k (sep)=13.91k. And I never receive any acknowledgement of my previous aug payment.
Only that my last payment was on aug 31 for my sept monthly mortgage which is I paid separately.
How can I check if for my previous aug payment.?
I already emailed the pag-ibig customer service but unfortunately nobody replied. I am unable to call them because I am currently overseas.
Please advice.
Thank yo very much
Because on the September billing they email me they just inputed the whole payment due which would be, 6.9k (aug) + 110(aug penalty) 6.9k (sep)=13.91k. And I never receive any acknowledgement of my previous aug payment.
* Your extra mortgage payment of Php110 should have been deducted from your outstanding balance. It will not be used to offset the penalty for late payment, that's why you were still charged a penalty for the following billing cycle.
*You did not receive any acknowledgment of your previous August payment because it was paid late, for all intents and purposes, since the bank mistakenly placed the wrong date. The acknowledgement of your August payment will be reflected in the October bill. So for the September bill, you only need to pay the current amount and disregard the August mortgage.
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