Other Government Release

Pag-IBIG sets record anew as home loans reach P76.94B in Jan to Aug, up 6%

Pag-IBIG Fund has released P76.94 billion in home loans in the last eight  months, breaking its record on the highest home loan disbursement for  any January to August period, agency officials announced on Friday  (September 15). 

“We are happy to report that Pag-IBIG Fund has once again set a record high in  terms of home loan releases during the first eight months of the year. The  sustained growth of our home loans mean that more and more Filipino workers are  being helped by Pag-IBIG Fund to have homes they can call their own. This is one  of our ways to heed the call of President Marcos to provide sustainable and  inclusive housing for Filipinos,” said Secretary Jose Rizalino L. Acuzar, who  heads the Department of Human Settlements and Urban Development and  the 11-member Pag-IBIG Fund Board of Trustees. 

Acuzar added that the amount of home loans released by the agency  during the period is P4.23 billion or 6 percent higher compared to the  P72.71 billion released during the same period in 2022, and financed 59,840  homes of Pag-IBIG Fund members. He further noted that out of this total  number, 7,450 or 12 percent are members from the minimum-wage and  low-income sectors, who were able to secure a total of P3.15 billion in  socialized home loans. 

Meanwhile, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta  noted that the agency expects to sustain its performance for the remainder  of the year, mainly driven by the agency’s move to further lower its home  loan rates last July. 

“We thank our members for choosing and trusting the Pag-IBIG Housing Loan to  help them achieve their dream of homeownership. We assure our borrowers that we  shall do all that we can to maintain the low rates of their loans and keep their  monthly payments affordable. This is because we at Pag-IBIG Fund highly value  sustainability, so that our current borrowers can maintain their ability to pay  their loans and allow even more members to avail of our home financing programs.  With four months to go before we end the year, we are optimistic that we shall  once again set a banner year in the home loan front, and thus empower more  Filipinos to become homeowners,” Acosta said. (END)