Pag-IBIG to Make Transaction Reforms Starting May

For faster services, the Home Development Mutual Fund (Pag-IBIG) is set to modify some transactions effective May this year.

Pag-IBIG Cebu South Information Officer, Van Pepito said the transactions to be affected are Membership Identification (MID) or Registration Tracking Number (RTN), which should be indicated when a member submits his/her Members’ Contribution Remittance Form (MCRF), Short Term Loan/Multi-Purpose Loan Applications or Monthly Remittance Schedule for Multi-Purpose Loan. Pepito said by doing so would allow them to process the transactions efficiently.

To those Pag-IBIG members without MIDs, Pepito said they can get an RTN, which can be used in lieu of an MID, instead at any Pag-IBIG branches or through their website: www.pagibigfund.gov.ph [1]. Pepito said failure to comply with this task may delay the processing. And for faster updates of payments and contributions, Pag-IBIG has also implemented Electronic Remittance Mode of Payment which now allows MCRFs be saved in soft copy. Also, being part of the agency’s procedural reforms is the payment schedule, which is intended to save member’s time in queuing at Pag-IBIG offices.