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 Friday, Sept. 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,” said Secretary Jose Rizalino 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 six percent higher compared to the P72.71 billion released during the same period in 2022, and financed the 59,840 homes of Pag-IBIG Fund members.
He also noted that out of the 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 Acosta said 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,” Acosta said in a press release. “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.” ||
