Loan DEDUCTION

REQUIREMENTS FOR LOAN DEDUCTION (FOR PAGIBIG LOANS)

  1. Filled-out DEDUCTION REQUEST FORM:

  • Code - PLI Deduction Code

  • Name of Entity - PLI's Deduction Name (ex. PAGIBIG MPL, PAGIBIG Calamity Loan)

  • Effectivity Date - Month & Year of Loan Start found in Loan Application details* (should be ahead by one month)

  • Termination Date - Last Month & Year of Loan Deduction found in Loan Application details* (should be ahead by one month)

  • Amount of Deduction - Loan’s Monthly Amortization found in Loan Application details*

  • Total Loan Amount - Total Amount of Loan or Principal Loan Amount found in Loan Application details*

  1. LOAN APPLICATION DETAILS / STATEMENT OF ACCOUNT (from GSIS or PAG-IBIG)

  2. Photocopy of PAYSLIP (any recent)

Note: The PAGIBIG Loan's Effectivity and Termination dates should be ahead by one (1) month so that it will be in time for it's remittance and stoppage. (ex. PAGIBIG MPL with 1 year term 04-2021 to 03-2022 should be 03-2021 to 02-2022). The Deduction should be done one month ahead to avoid penalties and arrearages.

DOWNLOADS

Loan Deduction Request form



REQUIREMENTS FOR LOAN DEDUCTION (FOR PAGIBIG MP II SAVINGS PROGRAM)

STEP 1: MODIFIED PAG-IBIG II (MP II) APPLICATION

*** Skip enrollment steps if already accomplished:

1. Enroll by filling-out the MP2 Enrollment Form and submit to any PAGIBIG branches near you, or you can visit their website through the link below for online processing and follow stated instructions:

https://www.pagibigfundservices.com/MP2Enrollment/

2. Once approved, a new MP2 Account Number will be issued which will be written by the PAGIBIG Personnel for onsite or will appear on the upper right-hand corner of the MP2 enrollment form print-out.


STEP 2: PAGIBIG MP II VERIFICATION (Scan and email to Admin Unit)

1. Scan and email to verifier.ncr.kdon@deped.gov.ph;verifier.ncr.munciano@deped.gov.ph the following documents for verification:

a. Filled-out and approved Modified Pag-IBIG II Enrollment Form both front and back of the form, scanned if done on-site and softcopy (*.PDF) if online.

b. Recent Payslip with NO “UNDEDUCTED OBLIGATION” and the net take home pay of the applicant should not fall below Php 5,000.00 threshold (MP2 deduction included).

2. Once approved by the SDO Verifier, print the verification email and follow step 3.


STEP 3: PAGIBIG MP II DEDUCTION REQUEST (Print and submit to Payroll Unit)

1. Filled-out DEDUCTION REQUEST FORM:

      • Code - PAGIBIG MP2 Deduction Code - 2045

      • Name of Entity - PAGIBIG MP2 or MODIFIED PAG-IBIG II and below include the MP II account number found on the upper right-hand corner of the MP2 enrollment form.

      • Effectivity Date - Month & Year of Loan Start found in MP2 Enrollment Form * (should be ahead by one month)

      • Termination Date - Last Month & Year of Loan Deduction found in MP2 Enrollment Form* (should be ahead by one month)

      • Amount of Deduction - Loan’s Monthly Amortization found in MP2 Enrollment Form *

      • Total Deduction Amount – Can be found by multiplying Amount of Deduction and 5-year term (ex. Php 1,000 x 60 months = 60,000)

2. Print-out of the following documents:

  • Modified PAGIBIG II Enrollment Form (with MP II Account Number)

  • Verification email

  • Scanned Two (2) valid IDs

3. Photocopy of PAYSLIP (any recent)

Note: Per Division Memorandum 658 s2021 ENROLMENT PROCESS OF MODIFIED PAG-IBIG II (MP2) SAVINGS PROGRAM TO THE AUTOMATED PAYROLL DEDUCTION SYSTEM (APDS).


DOWNLOADS

MP II Deduction Request form