The Pag-IBIG Fund has issued P75 billion in housing loans and has turned over 57,000 houses by 2025, according to President Ferdinand Marcos Jr. The program aims to help every Filipino own their own home.
This affects more than 3 million members of Pag-IBIG. According to the president, a home is not just a structure but a place where family, love, and dreams are built.
Under the Expanded National Housing for Filipinos (4PH) program, Pag-IBIG now offers loans for horizontal housing and home repairs with interest rates ranging from 3% to 6.25%. Members can also borrow up to P300,000 for home construction and repairs.
In addition, there is rental housing for those who cannot afford to amortize and you can also purchase acquired assets as a new option. Pag-IBIG CEO Marilene Acosta assured that the fund is still strong with total assets of P1.17 trillion.
Despite the changes, the government continues to build more houses to address the backlog, while maintaining the sustainability of the Pag-IBIG Fund for the future.
