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PIA Press Release
2009/06/11

Davao homebuyers welcome Pag-IBIG-SM partnership for bills payment

by Prix D. Banzon

Davao City (11 June) -- Pag-IBIG Fund homebuyers welcomed the move of the Fund to partner with SM for the payment of housing loans on their malls, saying this gives the member another facility where to pay their loan amortization.

The partnership just started and not many of the home borrowers yet knew of this 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.

NBN Davao TV anchor Ethel Constantino, who is also a, Pag-IBIG Fund homebuyer said they do not want to miss their payments because they also want to enjoy the privilege of being a "Good Payor" when they pay on time. Constantino says the scheme provides them added convenience.

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 a longer time from 9:00 am to 7:00 pm daily and that includes holidays.

Pag-IBIG Fund however reminded the borrowers that in order 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. (PIA) [top]

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