Home loans ng Pag-IBIG, lumobo ng higit P5 milyon

ni Angela Fernando - Trainee @News | October 16, 2023

Tumaas ang bilang ng pondong ipinagkaloob ng Pag-IBIG na higit sa P5-milyong piso sa unang 9 na buwan ng taong ito.

Nagpalabas ng P88.3-bilyong pisong home loans ang korporasyon na mas tumaas kumpara sa nagdaang taon, 2022.

Ayon sa kalihim ng Department of Human Settlements and Urban Development (DHSUD) na si Rizalino Acuzar, ang Pag-IBIG ay merong halos 40% ng kabuuang home mortgages sa bansa sa kasalukuyan.

Umabot sa P3.4-bilyon ang nailabas bilang socialized home loans para sa benepisyo ng 8,216 miyembro ng Pag-IBIG Fund na kasapi sa sektor ng may minimum na sahod at limitado ang kinikita.

Pag-IBIG home loans reach P88.3B in Q3 as demand continues to rise

by Info @Brand Zone | October 13, 2023

Home loan releases of Pag-IBIG Fund in the last three quarters have grown to P88.30 billion as demand remains strong, agency officials announced Wednesday (11 October).

The amount of home loans released grew by almost P5 billion or 6 per cent compared to the P83.31 billion in home loans released in the same period last year. The amount financed 68,211 housing units and now stands as the highest released by the agency for any January to September period.

"Pag-IBIG Fund remains at the forefront in home financing as it accounts for nearly 40% of the total home mortgages in the country. This shows that it continues to fulfill its mandate, not only by providing affordable home financing to Filipino workers, but also by effectively stimulating the housing industry. These are all in line with the call of President Ferdinand Marcos, Jr. to provide our fellow Filipinos with better and dignified lives," said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Out of the total amount, Acuzar added that P3.49 billion were released as socialized home loans for the benefit of 8,216 Pag-IBIG Fund members belonging to the minimum-wage and low-income sectors.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, expects that demand for the agency’s home loans shall remain high particularly during the last quarter of the year when the market’s behavior to secure home financing is at the highest.

“Our home loan releases amounting to P88.30 billion in the last nine months alone have already surpassed the annual releases since Pag-IBIG Fund's inception up to 2019. And, by the end of the year, we are optimistic that our home loan releases may even reach P130 billion,” she stated.

“We thank our members for choosing the Pag-IBIG Housing Loan to achieve their dream of owning a home. That is why we shall do all that we can to maintain our low interest rates so that we can enable more Filipino workers become homeowners under the most affordable terms,” Acosta added.

In total, Pag-IBIG Fund has already approved P111.35 billion in home loans from January to September to finance the acquisition of 83,063 housing units. This includes P23.05 billion in approved loans for 14,852 borrowers which are ready for release upon their submission of post-approval requirements.

Over 13K delivery riders now have Pag-IBIG

by Info @Brand Zone | October 7, 2023

In a span of only three months after Pag-IBIG Fund entered partnerships with the country’s top transport networks to provide better access to its membership, 13,128 delivery drivers and riders have registered as Pag-IBIG members and now enjoy the agency’s benefits.

“We are very happy that a growing number of delivery riders are now part of the more than 15.6 million active members of Pag-IBIG Fund. As members of Pag-IBIG Fund, they now have secure savings and shall gain access to our affordable home loans. This is in line with our efforts to provide inclusive housing to all Filipino workers under the Pambansang Pabahay para sa Pilipino Housing or 4PH Program of President Ferdinand R. Marcos, Jr.,” said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Earlier this year, Pag-IBIG Fund partnered with transport network & app-based courier companies Angkas, foodpanda, Grab, Lalamove and Pick-A-Roo. With the partnerships, delivery riders are provided better access to Pag-IBIG Fund membership to allow them to enjoy the agency’s benefits that include its Regular and MP2 Savings, short-term cash loans, affordable home loans and the Pag-IBIG Loyalty Card Plus.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, expects that the number of delivery riders who shall become Pag-IBIG Fund members will continue to rise, especially with the agency’s ongoing Pag-IBIG Asenso Rider Raffle Promo, a special raffle promo for delivery riders.

“We remain committed to our mandate of bringing the benefits of Pag-IBIG Fund membership to more Filipino workers. This includes our delivery riders, whose service have become vital in our daily lives. That is why in addition to bringing them better access to Pag-IBIG Fund membership, we are also providing our delivery riders the opportunity to win special prizes to help them with their livelihood with the Pag-IBIG Asenso Rider Raffle Promo. All these are among the many ways how we bring our Lingkod Pag-IBIG Brand of Service – Tapat na Serbisyo, Mula sa Puso - to our members,” Acosta added.