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 home ownership. 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
