Pag-IBIG Fund disbursed P77.33 billion in home loans from January to
August this year, reflecting an increase of P383 million compared to the
P76.94 billion released during the same period last year.
This achievement marks the highest home loan release for the January to
August period in the Fund’s history, surpassing same period figures from
previous years and underscoring Pag-IBIG Fund’s growing role in
supporting the homeownership aspirations of Filipino workers.
“The continued growth of Pag-IBIG Fund’s home loan releases means that
more Filipino workers were able to fulfill their dreams of homeownership.
This is a step consistent with the government’s efforts to resolve the
housing backlog and provide a better quality of life for Filipinos,” said
Secretary Jose Rizalino L. Acuzar, who heads the Department of Human
Settlements and Urban Development (DHSUD) and the 11-member PagIBIG Fund Board of Trustees.
Acuzar highlighted that the amount of home loans released by the agency
within the period enabled 54,063 members to acquire or improve their own
homes, allowing Pag-IBIG Fund to remain true to its mandate of providing
quality and affordable housing to more Filipino workers.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta attributed the
Fund’s continuous growth to the sustained affordability and reliability of
the agency’s housing loan programs for its members.
“Pag-IBIG Fund has been a dependable partner for Filipino workers in
fulfilling their dreams of homeownership through affordable shelter
financing. We are grateful to our members for their continued support of
our programs. We also recognize their consistent and timely loan
payments, which enabled us to uphold strong collections and high
performing loans ratio,” Acosta said.
“For those who are contemplating on purchasing their own home, now is
the best time to avail of a Pag-IBIG Housing Loan. Our interest rates
remain low, and our loan terms continue to be affordable and borrower
friendly. With our strong fiscal performance, Pag-IBIG Fund is more than
capable of providing shelter financing for our future member-borrowers to
help them pursue a secured future for their family through home
ownership,” she added. (END)
