SHFC adds GCash as new digital payment platform

PARTNER-homeowners of Social Housing Finance Corp. (SHFC) can now pay their loan amortizations with the government agency through GCash, the state-run housing financier announced recently.

“The initiative is part of SHFC’s efforts to reduce the number of people visiting its offices across the country amid the continuing Covid-19 pandemic,” the agency said in a statement.

With this development, beneficiaries of the agency’s flagship initiative, the Community Mortgage Program, can use their GCash wallets to settle their monthly amortization,” SHFC said. “In order to access the cashless payment service, they must first secure a reference number from SHFC’s Zeus Media Inquiries: Strategic Communications Division (+632) 7750-6337 local 821; 09175234964 portal on.”

SHFC said that after logging in to their GCash account, partner-homeowners must go to the “Pay Bills” section on the dashboard before selecting “Social Housing Finance” in the billers under the “Government” category. SHFC advised its clients to save a copy of the acknowledgment receipt that they will receive in their registered mobile number until payments are reflected in their statement of accounts within four business days.

“We want to ensure the safety and convenience of our partner-homeowners in these extraordinary times,” SHFC Treasury Vice President Jason C. Yap was quoted in the statement as saying. “SHFC remains committed to improving the delivery of our services to our stakeholders by expanding the availability of our digital payment channels.”

SHFC said it teamed up in January with multi-payment platform ECPay to accommodate loan payments in its partner convenience stores, banks, pawnshops and remittance centers. Partner-homeowners can also transact at any Landbank of the Philippines branches across the country.

The SHFC said it continues with the provision of “adequate housing, which has become even more crucial now given that viruses spread fast in congested informal settlements.” To date, it has provided security of tenure to more than 420,000 families through about P24.4 billion in loan assistance under the CMP.

The SHFC is one of the key shelter agencies under the Department of Human Settlements and Urban Development. Through the CMP, the agency assists residents of blighted areas to own the land they occupy or where they choose to relocate to under the concept of community ownership.

SHFC is the lead agency assisting underprivileged communities in securing land tenure through shelter financing and development solutions.

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