How Can I Pay My Pag Ibig Salary Loan?

How many days does pag ibig loan release?

2 daysThe Pag-IBIG Fund Multi-Purpose Loan or MPL is a cash loan designed to help our members with any immediate financial need.

A member can borrow up to 80% of their Pag-IBIG Regular Savings, and can be processed in as fast as 2 days.

Read more below and learn how to secure cash through the Pag-IBIG Multi-Purpose Loan..

How can I check my pag ibig loan online?

Loan Status Verification. Virtual Pag-IBIG. For questions or to follow-up on your loan application, please call (02)8724-4244 or chat us by clicking on the icon found at the bottom right of your screen. Loan Application No.

How much is the maximum loanable amount in Pag ibig?

1What can I do with a Pag-IBIG Fund Housing Loan? The Pag-IBIG Fund Housing Loan allows you borrow up to Php6 million to purchase a residential lot, a house and lot or a condominium unit. You may also secure a loan for house construction, home improvement or renovation or even to refinance an existing housing loan.

How much is Pag Ibig contribution?

How is HDMF/Pag-ibig contribution(s) calculated? Pag-ibig contribution is capped at P5,000 of an employee’s monthly basic salary. This means that the monthly maximum Pag-ibig employee contribution is P100 and the maximum Pag-ibig employer’s contribution is also P100.

How do I check my loan status?

You will need to go to the official website of the bank or financial institution. On the website, you need to look for the “check loan status” option. Now you will need to enter the details you have mentioned in the loan application such as date of birth, email address, mobile number, etc.

How can I pay my pag ibig loan?

You can pay your Pag Ibig contributions and housing loans via different payment centers in the Philippines and abroad….Pag Ibig Payment in 7-Eleven Branch via ECPayStep 1: Register with ECPay. … Step 2: Login with ECPay. … Step 3: Select Pag-IBIG and the type of payment. … Step 4: Validate your information.More items…•

How is Pag Ibig salary loan calculated?

How to Compute Pag-IBIG Salary Loan Amount. Calculations are made according to the individual’s membership term multiplied by his/her monthly contribution. From there, a 60% loan factor is applied.

How can I apply Pag Ibig salary loan online?

How to apply for Pag-IBIG Salary Loan Online?Download and accomplish the Pag-IBIG Multi-Purpose Loan Application form.Email form to your company HR, fund coordinator, or other authorized representative along with a front and back photocopies of.More items…•

Which is better Pag ibig or bank financing?

PAG-IBIG offers you slightly higher interest rates, but offer you fixing period of up to 30 years. Banks offer you lower interest rates, but the fixed rate is only valid for 1, 2, 3, 5, or 10 years at best. … PAG-IBIG is more lenient in terms of requirements for first-time applicants.

How can I pay my pag ibig online BPI?

Log in to BPI Online or BPI Mobile app and go to “Payments/Load.”Select “Pay Bills.”Fill in the details and select an enrolled biller.Confirm the details of your transaction. … Enter your Mobile Key or One-Time PIN (OTP) then select “Submit.”Note: Your payment is debited from your account in real-time.

How can I pay my pag ibig loan through Gcash?

To pay your Pag-IBIG bills via GCASH, (1) Dial *143# for FREE and press call, then choose GCASH, (2) Select Government, then the desired Pag-IBIG service, (3) Enter details as required.

How much can I loan on Pag ibig?

Members can borrow up to 80% of their Pag-IBIG Regular Savings, and it can be paid up to 24 months. This cash loan program extends cash loan assistance to members for any type of financial needs.

Can I withdraw my Pag Ibig contribution?

You may withdraw your Pag-IBIG Regular Savings should any of the following occur: Membership maturity after 20 years, equivalent to 240 monthly contributions. Retirement at age 60 (optional) or 65 (mandatory) Separation from service due to health reasons.

Can I apply pag ibig loan online?

This service allows members with assigned Pag-IBIG Membership ID (MID) or Registration Tracking No (RTN) to accomplish and submit their Housing Loan Application online. This service enables accredited developers to accomplish and submit Housing Loan Applications on behalf of the prospective borrowers.

How can I calculate my Pag Ibig contribution 2020?

To compute your Pag-IBIG monthly contribution, follow this formula: monthly compensation amount x employee or employer share. For example, if you’re earning ₱4,000 per month, your Pag-IBIG monthly contribution is ₱80 (4,000 x 0.02 = 80), with your employer also paying ₱80.