How To Cancel Pag Ibig Housing Loan Agreement?

Cancel Pag Ibig

It seems like you have taken the Pag IBIG housing loan, but now you want to cancel it and don’t know the procedure. Here in this article, you will learn about canceling the Pag IBIG housing loan program service. 

Pag-IBIG is an online funding service for savings and affordable housing loan programs. Apart from this, other services like an Online Payment Facility via Virtual Pag-IBIG, MP2 Enrollment system, and Electronic Submission of Remittance Schedule (eSRS) are also included. 

To cancel your Pag-IBIG housing loan program, you need to get in touch with the Pag-IBIG team member and ask them for the cancellation. 

How To Cancel Pag-IBIG Housing Loan?

You can cancel your Pag-IBIG Housing Loan program by submitting your request to their team representative. 

Remember that canceling the home loan could have negative financial effects and you also need to pay the cancellation fee. Therefore, it is recommended to consider your decision to cancel the Pag-IBIG home loan wisely by consulting with a financial counselor or real estate agent. 

If you have made your decision, then here are the steps you need to follow to cancel the Pag-IBIG Housing Loan. 

Step 1: Submit Your Written Request Agreement

First, you have to compose a written request agreement to the Pag-IBIG agency to let them know about your intention to cancel the home loan. Make sure you provide the following details in the agreement. 

  • Housing Loan Membership ID
  • Loan Payment Number
  • Loan Original Amount
  • Reason for Canceling the Loan
  • Other Important Details 

Step 2: A Valid Letter For Canceling The Loan

Your reason for canceling your housing loan is an important aspect for the Pag-IBIG team to accept your cancelation request. So, make sure, that your reason is valid like a change in plans, relocation, financial conditions, or other. 

Prepare a Valid Reason Letter and attach it with your written request. 

Step 3: Clear Any Outstanding Balances

If you have any outstanding balances in your loan process, then pay all of them before submitting a cancelation request. The balances include- penalties, principles, interests, or other charges. 

Step 4: Pay The Cancellation Fee

You have to pay a cancellation fee for canceling the Pag-IBIG housing loan program. The charges of the fees depend on the stage of your loan amount. Pay the fee and move forward to the next step. 

Step 5: Follow The Instructions Of Pag-IBIG

Submit your written request to the Pag-IBIG team and follow the steps as instructed by the Pag-IBIG team. Once your request is accepted, your loan program is canceled. 

What Are The Steps To Cancel Your Housing Loan From Pag-IBIG?

Your first step should be to contact your lender and inform them about your loan cancellation. Provide them with your loan documents. After verifying your documents, the lender will start your cancellation process. 

Submit the cancellation letter to the lender via email that includes all of the loan details. After your documents are verified completely, sign them. Make sure to read the documents before you sign them.

After your cancellation letter is accepted, the payment of your loan must be made in 30 days. With this, your legal process for canceling the home loan is completed. 

Also, read How To Cancel Cash Value Life Insurance?

How Can I Pay Pag-IBIG Loan Past Due?

Follow these steps to pay your Pag-IBIG loan past due amount. 

  • Generate your transaction password through Email or text. 
  • Click on “Pay Bills” under “Payments”. 
  • Choose the Pag-IBIG payment type, Debited Account, and Pag-IBIG reference number. 
  • Type the amount and other details 
  • Using your transaction password, proceed with the payment process. 

Is It Safe To Invest In Pag-IBIG? Customer Reviews

Well!! Yes. Pag-IBIG fund is a controlled cooperation owned by the government. It is safe to invest in Pag-IBIG as they will use the funds for loan programs and invest them in government securities or cooperations. 

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If we talk about its customer reviews, then they are also positive. On Glassdoor, you can see 4-star ratings out of 5 from 28 reviews about the Pag-IBIG fund program. That’s why it is understandable, that Pag-IBIG members are completely satisfied with their services. 

Frequently Asked Questions

What Will Happen If You Did Not Pay Your Pag-IBIG Housing Loan?

If you do not pay your Pag-IBIG housing loan on time, then you are assigned some penalties or extra charges. In some cases, legal actions can also be taken. 

What Is Virtual Pag-IBIG?

The Virtual Pag-IBIG is an online service facility provided by the Pag-IBIG Fund to access your Pag-IBIG fund services at any time on your smartphone or computer safely.  

Can I Withdraw My Pag-IBIG Contribution After 5 Years?

Yes, you can withdraw your Pag-IBIG contributions after 5 years. It’s important to note that before 10 years of the membership or before 60 age, you will be charged with a penalty for withdrawing your contributions with Pag-IBIG. 

Can I Withdraw My Pag-IBIG Contributions After 10 Years?

Yes, you can withdraw your contributions with Pag-IBIG after 10 years. 

How To Contact The Pag-IBIG Customer Service?

You can contact the Pag-IBIG fund customer service team by calling 8-724-4244 or by accessing the Chat options from the Pag-IBIG website. 


If you are changing your plans or relocating to some other place, then you can cancel your Pag-IBIG housing loan by contacting their team. 

Canceling the home loan is not a simple process. So, make sure to carefully review every step for canceling the Housing Loan with Pag-IBIG as described above. 

Aiden is an entertainment enthusiast who loves to explore different online apps/ sites. As she is frugal, she knows how to spend money wisely. Instead of buying costly subscriptions, she proceeds with free trail first. She also knows when and how to cancel subscriptions. Writing is her hobby, so she shares how to cancel tutorials on via blogs.

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