Pag-IBIG Fund approves P815M funding to construct more than 4,500 homes in Rizal under 4PH

by Info @Brand Zone | June 21, 2024

The Pag-IBIG Fund has approved an P815-million developmental loan to construct a  total of 17 medium to high-rise condominium buildings in San Mateo, Rizal under the  government’s Pambansang Pabahay para sa Pilipino Housing (4PH) Program. Once  completed, the project will provide a total of 4,670 units for Pag-IBIG members living in  the area, officials announced on Tuesday (June 4). 

“I am pleased to report that there is a consistent growth of proponents partnering with  Pag-IBIG Fund in building sustainable and self-sufficient communities through the 4PH  Program. Buyer-beneficiaries of the 4PH will now have access to more affordable and  decent homes, in line with President Marcos’ vision to address the housing needs of  Filipino workers, especially the underserved,” said Secretary Jose Rizalino L. Acuzar,  who heads the Department of Human Settlements and Urban Development (DHSUD)  and the 11-member Pag-IBIG Fund Board of Trustees. 

Located in Brgy. Guitnang Bayan I, San Mateo, Rizal, the first phase of the project has  already made significant progress through the construction of buildings 1 to 6 with a  total of 1,080 condo units, within just seven months from the signing of the contract  between the developer and the Municipality of San Mateo. 

Aligned with Pag-IBIG’s commitment to integrity and proper fiscal management,  safeguards are implemented including the developer-contractor’s compliance with  required permits and accreditations, application of a maximum payment term of three  (3) years for the developmental loan, and provisions ensuring the release of funds only  for the intended projects. 

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta highlighted the benefits for  Pambansang Pabahay (4PH) buyer-borrowers, including lower payment terms through  subsidies and acquiring properties in a sustainable community with access to essential  infrastructure and services. 

"Pag-IBIG Fund members will greatly benefit from availing of projects under the  Pambansang Pabahay (4PH) program, which include affordable monthly payments due  to interest and price subsidies as package price is regulated. This will ensure  affordability while enjoying quality living in a well-designed township with vertical  infrastructure in proximity to commerce centers, educational institutions, and healthcare  centers. These buildings ensure that residents will have comfortable and improved  living conditions through green features, communal open spaces and gardens, as well as  amenities such as swimming pools and basketball courts. Our aim is to elevate the  quality of life for Filipino workers through the opportunity of homeownership,” Acosta  said.

Pag-IBIG Fund releases P22.63 billion cash loans from January to April 2024, up 38%

by Info @Brand Zone | June 18, 2024

From January to April 2024, Pag-IBIG Fund released P22.63 billion in cash loans, benefiting 965,291 members, according to agency officials. This is a 38% increase over the P16.44 billion releases in the same period of 2023, assisting nearly 200,000 more members than the previous year's 766,258.

“We are happy that Pag-IBIG Fund continues to serve as a reliable partner of the Filipino workers in their times of financial need. We are fully committed to President Ferdinand Marcos Jr.’s call to help uplift the lives of the Filipinos,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Adding to the range of services, the agency introduced the Pag-IBIG Health and Education Loan Programs (Pag-IBIG HELPs) earlier this year. This program is designed to support members with their health and educational expenses by partnering with various schools and hospitals. Loans approved under HELPs are directly credited to the accounts of the partner institutions, and members can enjoy discounts on their total bills when using this service.

Pag-IBIG Fund’s Short-Term Loans, comprising the Multi-Purpose Loan (MPL) and Calamity Loan, allow qualified members to borrow up to 80% of their total Pag-IBIG Regular Savings. This includes their monthly contributions, their employer's contributions, and accumulated dividends. Borrowers have the option of a 24 or 36-month repayment term and benefit from a two-month grace period before the first payment is due.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile noted, that with the new mandatory monthly contribution rates of P200 for both the employees and employers, members can now avail of higher cash loans for their financial needs.

“Now that our members are saving more with Pag-IBIG, we assure that they will gain access to bigger and better benefits, such as higher cash loans under our Short-Term Loans, which we believe will be more helpful for their financial needs. We also do not charge processing fees, so they can make full use of their loans as intended. This is our commitment to them, that we will always be their financial ally,” Acosta said.

Lab For All: Bagong love language ng Pag-IBIG Fund

ni Fely Ng @Bulgarific | June 3, 2024

Hello, Bulgarians! Inilunsad ng Pag-IBIG Fund ang Lingkod Pag-IBIG on Wheels (LPOW) habang nasa Lab For All sa Subic Bay Exhibition & Convention Center noong Mayo 21, 2024.

Ang Lab for All, mula sa inisyatiba na pinamumunuan ni First Lady Liza Araneta-Marcos, ay naglalayon na palawigin ang mga serbisyong medikal at mga benepisyo sa social security sa mga komunidad sa buong bansa. Bilang bahagi ng pagsisikap na ito, ang LPOW ng Pag-IBIG Fund ay nasa site, na nagdadala ng mahahalagang serbisyo tulad ng membership registration, cash loan, housing loan applications, at pag-iisyu ng Pag-IBIG Loyalty Plus card, sa mismong komunidad na pinaglilingkuran nito.

Ipinahayag ni Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta ang kanyang suporta sa pangunguna. “We are happy to continue participating in future Lab for All deployments. Our LPOW is prepared to mobilize nationwide. As Lingkod Pag-IBIG, we are committed to ensuring our members feel the warmth of Pag-IBIG through our programs and services, wherever they may be,” sabi ni Acosta.

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