Davao homebuyer welcomes Pag-IBIG-SM partnership for bills payment

July 24, 2009

A Pag-IBIG Fund homebuyer and TV anchor of  National Broadcasting Network Ethel Constantino welcomes the move of the Fund to partner with SM for payment of housing loans saying this gives the member another facility where to pay their loan amortization.

The partnership just started and not many of the homeborrowers yet knew of new development even as Constantino said aside from shopping at SM, they can also pay their obligation like their housing loan at Pag-IBIG Fund promptly.

She said they do not want to miss payment because they also enjoy the privilege of being a “Good Payor” when they pay on time. Pag-IBIG Fund gives two percent discount when loans are paid before the due date.

The Fund has tapped other sectors and private establishments like SM to provide housing loan borrowers other options of wider coverage of the time and days accessing to bills payment facility. Transactions in all SM malls are at longer time from 9:00 am to 7:00 pm daily and even on holidays.

Pag-IBIG Fund however reminds the borrowers that inorder to avoid penalties, payments should be made on or before the due date that is indicated in the monthly billing statement.

Pay your housing loan bills at any SM business center and bring your billing statement/statement of account upon payment. The scheme is accessible and convenient while doing some shopping at SM.


Housing Loan … New and Affordable

October 3, 2008


Eligibility requirements

  1. A Pag-IBIG member for at least 24 months and has remitted 24 monthly contributions
  2. Not more than 70 years old at loan maturity and must be insurable
  3. Has no outstanding Pag-IBIG housing loan either as principal or as co-borrower
  4. Has legal capacity to acquire and encumber real property
  5. Has passed satisfactory background/credit and employment/business checks
  6. Has no Pag-IBIG multi-purpose loan in arrears at the time of application
  7. Has no Pag-IBIG housing loan that was foreclosed, cancelled, bought back or subjected to dacion en pago

Schedule of Loans

Monthly Member’s Contribution Loan Entitlement

200 Up to P500,000

250 Over P500,000 to P600,000

300 Over P600,000 to P700,000

350 Over P700,000 to P800,000

400 Over P800,000 to P900,000

450 Over P900,000 to P1M

500 Over P1M to P1.1M

550 Over P1.1M to P1.2M

600 Over P1.2M to P1.3M

650 Over P1.3M to P1.4M

700 Over P1.4M to P1.5M

750 Over P1.5M to P1.6M

800 Over P1.6M to P1.7M

850 Over P1.7M to P1.8M

900 Over P1.8M to P1.9M

950 Over P1.9M to P2M

Processing Fee P3,000.00

Pay P1,000.00 upon filing

Pay balance of P2,000.00 upon loan take-out

AFFORDABLE MONTHLY AMORTIZATIONS (comparative from old to new rate)

Loan Package     Monthly Payment            Savings

P300,000 P1,798.65 (before P2,413.87)    P  615.22

P500,000 P3,326.51 (before P4,38.86) P1,061.35

HAVE YOU THOUGHT OF THIS ? – for those of you still renting a house probably your rental is higher than this amortization rate. REMEMBER : RENTING IS NOT OWNING THE HOUSE. HURRY ! You still have enough time before you reach the age of 70, by then you will no longer qualify … Your time is now so grab this !

INTEREST RATES (Comparative from old to new rates)

Amount New Interest Rates

Up to P300,000 6%  (before 9 %)

Over P300,000 to P750,000 10% 7%  (before 10%)

Over P750,000 to P2 M          10.5%  (before 11-12%)

Visit or call these Pag-IBIG Branch Offices for details


2F Pryce Tower Condominium

JP Laurel Avenue, Davao City

Tel No. (082) 2241793


2F Ramos Bldg., Arellano Street, Tagum City

Tel. No. (084) 4004700

General Santos Branch HOUSING DIVISION

2F RD Bldg., Santiago Blvd. General Santos City

Tel. No. (083) 5545468


6F CYM Bldg., Don Rufino Alonzo St., Cotabato City

Tel. No. (064) 4216946

The Pag-IBIG Housing Loan Program can either be for

Ø Construction of a Residential Unit

Ø Lot Purchase

Ø Purchase of a Residential Unit

Ø Lot Purchase and House Construction

Ø Home Improvement

Ø Refinancing

Ø Combination of Loan Purposes

Repayment Period

Maximum of 30 years