ZAMBOANGA City––All Pag-IBIG Fund housing loan borrowers can now pay housing loan amortizations to any of the fund’s accredited collection partners.
Cora Mamauag, Division Chief III- Loans, Mortgage and Recovery Section- of the Home Development Mutual Fund or Pag-IBIG Fund, said that housing loan borrowers can now avoid long queue in paying for their housing loan amortizations as the Fund introduces its new payment scheme that gives faster, convenient and safer payment arrangement to its borrowers.
“Puede na silang magbayad sa ating mga awtorisadong collection partners anywhere in the country, although July 1, 2018 pa ito mag take effect, but they can start paying na as early as now,” (They can now pay to our authorized collection partners anywhere in the country although this scheme takes effect July 1, 2018), Mamauag said.
She clarified that starting July 1, 2018, the Pag-IBIG Fund office will no longer accept payment for housing loans. All payments should be made at the accredited Bayad Centers.
The Funds local collection partners / Bayad Centers include MLhuillier or LBC- of any branch, Metrobank, Landbank, SM Business Service Centers and Globe G-Cash. For overseas payment, borrowers can directly pay to Philippine National Bank, Asia United Bank, iRemit and Ventaja International.
Mamauag said upon payment of their housing loan amortizations, acknowledgement receipt or transaction receipt will be issued to them as proof of payment.
“If any of the partners mentioned refuses to accept payment, please report them to us,” she stressed.
Mamauag also reminded all Pag-IBIG fund borrowers to update their accounts. “If they failed to pay within the three- month period, ini-endorse naming yan sa mga collecting agents and posibleng ma cancel o ma foreclose ang accounts nila, (we endorse it to our collecting agents and there’s possibility of cancellation or foreclosure of their accounts) that is why you need to pay on time, “ she emphasized.
She bared of the Agency’s plan to expand its housing loan collection partners which is under negotiation.
She also encouraged Pag-IBIG Fund members to avail of their housing loan program as the interest rates for the End-User Financing Loan Program dropped from 5.5 percent to 5.37% for 1-year fixed term loan and 6.375% from 6.5% for 3-year fixed term per annum effective February 14, 2018. (JDP/JPA-PIA9)
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