PAG IBIG members have entire guidance on the application of full payment. Now you have a secure way to get your desired interest rate for a PAG home loan. Meanwhile, you are entitled to the amortization of your PAG IBIG House loan full payment. The notable point is that PAG IBIG offers the entire P6 Million for your full housing loan.
Paying off a PAG IBIG Housing Loan in full involves several steps. Here is a general guide on how to complete a full payment for your housing loan with PAG IBIG:
Check Your Outstanding Balance: Contact PAG IBIG to find out the total amount you need to pay to settle your loan. This includes the remaining principal, any accrued interest, and other applicable fees.
Request for a Statement of Account: It’s advisable to request an updated statement of account or a payoff quote from PAG IBIG. This statement will detail the exact amount you need to pay.
Review Prepayment Terms: Check your loan agreement for any prepayment penalty or specific terms related to early settlement. Some loans might have fees for early payoff.
Prepare the Payment: Based on the statement of account, prepare the necessary funds. Payments can typically be made through PAG IBIG branches, authorized banks, or online payment channels, depending on the options provided by PAG IBIG.
Submit Payment: Go to the designated payment center or use the online platform to submit your full payment. Ensure you keep the receipts or confirmation of the payment.
Notify PAG IBIG of Your Payment: After making the payment, inform PAG IBIG about your full loan settlement. This can be done through their customer service, email, or by visiting a branch in person.
Request for Release of Title: Once the loan is fully paid, request the release of the mortgage from your property title. This process might require you to submit certain documents and may take some time to complete.
Keep Records: Keep all payment receipts, statements, and correspondence with PAG IBIG. These documents are important for your records and for any future reference.
Follow-up: If you do not receive confirmation or the necessary documents from PAG IBIG within a reasonable time, follow up with their office.
It’s important to remember that the process can vary depending on individual circumstances and specific loan agreements. Always consult directly with PAG IBIG for the most accurate and detailed instructions based on your loan.
Moreover, if you want to advance or accelerate your loan payments, PAG IBIG virtual platform is the best option. As PAG-IBIG has provided many branches which are involved in loan payments throughout the state. Let’s visit your nearest branch. You can also get your credentials via your partner’s outlets from the registered online channel. Though in this way, you can pay your entire loan payment in advance.
Here are various methods to get and repay your full loan payments. So you can select your convenient one way.
Your account number, MP2, House Account Number (HAN), or MID must be the same as your monthly official statement.
PAG IBIG loan fund dues are paid as,
Get your virtual payment slip.
The slip must contain your updated transaction number
Get your receipt that serves as your payment proof.
Bank Payments
Once you have achieved membership in PAG IBIG. Now Monthly Savings plans, Housing loan amortizations, MP2, and for other payments must visit these bank branches for the total price.
UCPB: United Coconut Planters Bank
The process plan of UCPB is as follows:
The membership savings (MS) remittance, PAG loan amortization, and additional amount details; For IP, individual Payout
The billing payment portal is opened
Choose the PAG IBIG housing-loan
Update the following required details;
PAG IBIG membership owners:
Membership ID (MID) of PAG members
Choose your payment time period
Latest Payslip in your name
Modified savings plans of PAG IBIG:
Your MP2 account details are essential
Last payment slip on your ID
PAG IBIG housing Loan:
House loan ID number
Choose your payment option, either quick payment or relaxed
Your updated payment letter
PAG IBIG remittance of employers:
Borrowers’ payment instruction number (PIN)
Business name
Income source slip
Get the print of your payment slip
Pay your loan amount along with your payment slip to your nearest UCPB branch.
Note
For PAG IBIG loan payments, the borrowers must prepare these numbers
Housing Account number required for HL payment
Account MP2 number, it’s for MP2 payments
MID PAG registered number for STL or MS remittance
The branch will grant you the validated payment contract, and this contract is your payment proof.
Likewise, UCPB and some other banks are also included in the full payment process.
AUB: Asia United bank
Though the workflow of AUB is based on your loan payments which include Membership Savings payments, Housing loans, Calamity loans, Multi-Purpose loans, Modified PAG IBIG II, eSRS, and various other PAG membership loans.
Go to AUB Branch for your payment at OTC.
Open the virtual transaction portal and select your payment menu
Click on PAG funding
Update the full details of the payment
AUB allows the modified PAG IBIG savings II
Housing loans or all other kinds of loan payments
The required information must include
Borrowers’ First name (must be mandatory)
Last name (must be mandatory)
Payment period (must be mandatory)
For the housing loan repayments amount, the minimum would be Php100 savings for membership and Php500 savings for modified PAG II.
Further transaction steps are similar to the payment process.
Ensure you have received your payment slip from your relevant branch.
Full Loan Payment
Once you have achieved your loan payments from PAG IBIG membership, you must fully cover your monthly amortizations in equal amounts. Therefore, PAG allows a calm payment period of thirty years; you can select your suitable payment method.
Sometimes borrowers want to prepay the entire loan amount. Hence, PAG brings total or prepay payment strategies without penalty charges. Moreover, PAG IBIG members can avail of the second housing loan payment from the PAG agency. Once they ensure the official organization about their fully paid first loan amount, the organization can also provide the second loan.
Marina Aguilar is a freelance writer and editor with a passion for personal finance and real estate. She has been writing about finance and housing for over five years and has worked with various clients, including banks, financial institutions, and real estate developers. Marina believes that everyone deserves access to affordable housing and is committed to helping Filipino workers achieve their dream of homeownership through the Pag-IBIG Fund's housing loan program. In her free time, Marina enjoys hiking, reading, and spending time with her family.
