Are you a member of the Home Development Mutual Fund (HDMF), more commonly known as Pag-IBIG? This is a Philippine government corporation that offers housing loans, short-term loans, and other services. Initially, members included employees in the public and private sectors, although recently, self-employed persons, overseas Filipino workers (OFWs), and voluntary members have been included as well.
Benefits of Pag-IBIG Fund Members
As a Pag-IBIG Fund member, you can apply for a low-interest Housing Loan when buying real estate property and/or building a house. Likewise, you can apply for a short-term loan, of which there are two types: Multi-Purpose Loan (MPL), which can be used for minor house repairs, health, education, and livelihood purposes; and Calamity Loan, which is offered to members affected by unforeseen calamities such as floods, fires, and typhoons.
Moreover, your contributions become part of your savings under Pag-IBIG Fund’s Regular Savings Program. Savings can be withdrawn after 20 years (equal to 240 monthly contributions) or upon retirement. You can also opt to join the Modified Pag-IBIG 2 (MP2), which is a voluntary savings program that involves higher dividend rates than the regular program.
You may also want to read:
Guide to Pag-IBIG Fund Online Registration
Where to Pay Pag-IBIG Contributions
If you are a “formally-employed” member, then it is your company or employer who remits your membership contributions to Pag-IBIG. On the other hand, if you are self-employed, an OFW, or a voluntary member, you’ll have to take care of it yourself. Fortunately, there are several payment options available, including over-the-counter and online payment facilities.
Over-the-counter payments may be done in banks, such as Landbank of the Philippines (LBP), United Coconut Planters Bank (UCPB), and Metropolitan Bank and Trust Company (MBTC), which is better known as Metrobank. Similarly, you can make over-the-counter payments to “non-banks” like SM Business Centers, M. Lhuillier branches, and CIS Bayad Centers.
Thanks to digital technology, you can also pay contributions through Virtual Pag-IBIG, a platform that enables members to access Pag-IBIG services online. You can also try using PayMaya, which is a digital wallet that includes payment of government contributions, among other services. We have outlined the steps for using Virtual Pag-IBIG and PayMaya below.
Government Benefits: SSS, Pag-IBIG, & PhilHealth
How to Pay via Virtual Pag-IBIG
- Log in to Pag-IBIG Fund website at https://www.pagibigfund.gov.ph/index.html.
- Click “E-Services” and “Online Payment Facility.”
- Enter the following information:
- Membership Category (Local or Overseas)
- Pag-IBIG Membership Identification (MID) Number or Registration Tracking Number (RTN)
- Payment Type
- Membership Savings – Membership Identification Number
- Modified Pag-IBIG 2 – MP2 Account Number
- Short-Term Loan – Membership Identification Number
- Housing Loan Amortization – Housing Account Number
- Amount Due
- Period Covered
- Choose the mode for receiving payment confirmation (i.e. mobile number and/or email address) and enter your mobile number and/or email address.
- Enter the cope (CAPTCHA), agree with “Terms and Conditions,” then click “Proceed.”
- The “Payment Summary” will be displayed onscreen. Check all the details before clicking “Submit.”
- Choose the debit card/credit card (i.e. VISA, Mastercard, or JCB) that will be used for your payment.
- Enter and confirm the card details (i.e. card number, expiration date, etc.)
- Upon completing the transaction, the “Payment Result” will be displayed onscreen, indicating the Merchant Reference Number and Payment Reference Number.
- You will receive a notification about the transaction via text and/or email.
How to Pay Pag-IBIG Using PayMaya
- Log in to your PayMaya app.
- Click “Pay Bills” and choose the Pag-IBIG transaction you would like to make.
- Enter your Pag-IBIG Membership Identification Number or Housing Loan Number in the required fields, along with the amount to be paid.
- Check all the details, then click “Pay.”
- You will receive a notification about the transaction via text and/or email. This will include the Transaction Reference Number as proof of payment. That’s it!
As you can see, paying your Pag-IBIG Fund contributions online is quick and easy. You can do it anytime, anywhere — even if you are outside the country! For more information about the agency’s benefits, services, and other details, you can visit the Pag-IBIG Fund official website at https://www.pagibigfund.gov.ph/.