Pag-IBIG Fund is offering a special 3-percent housing loan rate for the first 10 years of the loan term, double the standard five years, for the first 30,000 eligible borrowers under its Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program.
The offer is part of the Pag-IBIG Fund’s efforts to make home financing more affordable under the Expanded 4PH program, a move supported by Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling.
The extended fixed rate is expected to significantly reduce monthly payments for early borrowers and help accelerate the administration’s housing agenda under President Ferdinand Marcos Jr.
“In line with the directive of President Marcos, we have enhanced the Expanded 4PH Program to be more responsive to the needs of Filipino workers,” said Aliling, who also serves as chairman of the Pag-IBIG Fund board of trustees.
“Aside from covering both house and lot and condominium units that members can purchase at a special rate for the first five years of the loan term, we are extending the effective period of the subsidized rate to 10 years for the first 30,000 borrowers. This means they will enjoy the 3% rate, already much lower than prevailing market rates, for a full decade, making homeownership even more affordable,” he said.
Aliling noted that doubling the fixed-rate period allows early borrowers to enjoy lower and more stable amortizations for a longer time. Ordinarily, the 3 percent rate applies only during the first five years of the loan term.
First-time homebuyers, particularly those earning less than P47,856 per month in the National Capital Region and less than P34,686 outside the NCR, may qualify for the subsidized rate.
All overseas Filipino workers, regardless of income, also qualify. Under this limited offer, early borrowers will enjoy the rate for 10 years, enabling them to save more and have predictable, affordable payments for longer.
Loans can be used to purchase socialized house and lot and condominium units under accredited Expanded 4PH projects, priced up to P850,000 and P1.8 million, respectively.
The program offers up to P100,000 in additional financing for home improvements and provides a 100-percent loan-to-value ratio, meaning no cash equity is required.
Pag-IBIG Fund chief executive Marilene Acosta emphasized the deeper impact of the 10-year fixed rate. “As we carry out our mandate to uplift the lives of our members and support the Marcos administration’s housing thrust, this program offers more than just homes, it offers hope,” Acosta said.
“With significantly lower monthly payments for a longer period, more Filipino workers can now achieve their dream of owning a home,” she said.
“For our members who are seeking to buy homes, now is the best time to apply for a Pag-IBIG Housing Loan under the Expanded 4PH Program,” said Acosta.
“With our special 3-percent rate fixed for the initial 10 years for the first 30,000 borrowers, we are empowering more Filipino workers… to gain greater access to decent and affordable housing, helping them build better lives,” she said.
To simplify the process, the agency has launched the Expanded 4PH Online Registration Facility, where prospective borrowers can register and select their preferred housing unit online at https://pagibigfund.gov.ph/4PH_Program.html. The special offer is available only to the first 30,000 borrowers.
