Pag-IBIG keeps 3% socialized housing loan rate

MANILA, Philippines — The Pag-IBIG Fund said it would maintain its annual interest rate for qualified socialized housing loans under the government’s Expanded Pambansang Pabahay para sa Pilipino Program (4PH), even as the Middle East conflict pushes up the prices of oil and goods.

In a statement, the state-run home lender said that keeping rates steady was in line with President Marcos’ directive to make homeownership more accessible, especially for those from low- and moderate-income sectors.

“By keeping monthly amortizations low, we are helping more working families secure a home of their own while supporting sustained housing production and the jobs it generates, in step with broader national efforts to keep the economy stable,” said Housing Secretary Jose Ramon Aliling, who chairs the Pag-IBIG Fund Board of Trustees.

The fund said its capacity to sustain this support is backed by its record housing loan performance last year, when it disbursed P140.54 billion in housing loans, benefiting 90,727 workers and their families.

Under the 4PH program, first-time homebuyers earning below P47,856 in Metro Manila and P34,686 outside the National Capital Region may be eligible for the subsidized rate for the first five years of their loan.

All overseas Filipino workers, regardless of income, are also eligible.

Pag-IBIG added that under its Early Bird Promo, the first 30,000 qualified borrowers can enjoy a three percent rate for up to 10 years, providing longer-term savings and more predictable payments.

In addition, the state-run firm said borrowers may use the loan to acquire socialized house-and-lot packages worth up to P950,000 or condominium units priced up to P1.8 million.

The agency also offers up to P100,000 in additional financing for home improvements, such as utility connections and home fixtures, to ensure families move into fully functional homes.

With its 100-percent loan-to-value feature, the program requires no cash equity.

At these terms, Pag-IBIG said monthly amortization is about P4,005 for a house-and

Beyond keeping loan rates low, Pag-IBIG Fund is also making homeownership more convenient and affordable by staging regional housing fairs that gather developers, government agencies and financing support in one venue, giving members direct access to housing options and loan assistance.