Pag-IBIG Fund has retained the lowest-ever interest rates it has been offering under its home loan program in the last few years.
The agency maintained its subsidized rate of 3 percent a year under its Affordable Housing Program offered to members earning not more than P15,000 a month for those within the National Capital Region, or those earning not more than P12,000 a month for those outside NCR.
The rate for this loan program is the lowest in the market and has been in place since May 2017. The Fund also maintained its interest rates for loans up to P6 million under its Regular Housing Loan Program, where members may secure loans at a rate of as low as 5.375 percent a year.
“We are keenly aware of the need to provide affordable housing, especially to low-wage earners. Because of the Fund’s strong financial standing, we assure our members that we can maintain our low interest rates for the rest of 2019 as we continue to heed President Rodrigo Roa Duterte’s call to address the housing needs of Filipino workers,” said Secretary Eduardo del Rosario, chairperson of the Housing and Urban Development Coordinating Council and Pag-IBIG Fund board of trustees.