MANILA, Philippines — The Home Development Mutual Fund (HDMF) or Pag-IBIG Fund has offered promotional housing rates for members above the socialized housing price ceiling up to P10 million.
Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling and Pag-IBIG CEO Marilene Acosta said the new promotional housing loan offers would make homeownership more affordable for Filipino workers through President Ferdinand Marcos Jr.'s expanded Pambansang Pabahay para sa Pilipino (4PH) program.
Aliling said the new promotional rates build on Pag-IBIG’s move to increase its maximum housing loan amount to P10 million per borrower, which gave members more financing options for homes that better match their needs, income and family situation.
Meanwhile, Acosta assured the members that they would surely feel the advantage of the offered lower rates through reduced monthly amortizations, especially during the first three years of their housing loan.
The HDMF chief executive cited an example like a P2.5 million loan payable over 30 years which would have an estimated monthly amortization of about P12,667 under the new 4.5 percent promotional rate, compared to about P15,393 under the previous 6.25 percent rate, or savings of around P2,726 per month. “By lowering our three-year fixed rates from 6.25 percent to as low as 4.5 percent, we are helping our members save on their monthly amortization during the first three years of their loan,” Acosta said.
These savings can help families manage their daily needs, or even be set aside in their Pag-IBIG Regular Savings or MP2 Savings so they can better prepare for the future while taking the important step toward owning a home,” the top Pag-IBIG official said.
Aliling, who also heads the Pag-IBIG’s board of trustees, stressed that the promotional rates form part of its continuing efforts under the Marcos administration’s expanded 4PH program.
The housing czar said the 4PH has widened access to affordable home financing, revitalized the housing industry, and continued to help more Filipino families achieve homeownership.
“We continue to heed the directive of President Marcos to make decent and affordable homes more accessible to Filipino families,” Aliling said. “Under expanded 4PH, Pag-IBIG Fund has made socialized housing more affordable for low-income earners through our three percent subsidized housing loan rate for eligible socialized housing borrowers,” he added. Moreover, the DHSUD chief noted that Pag-IBIG has increased its housing loan limit to P10 million per borrower to give more members, particularly those in the middle class, a better opportunity to choose a home that matches their needs and capacity. “Now, through these promotional rates, we are making those housing options even more affordable so more Filipino workers can take the next step toward owning a home,” Aliling pointed out.
Pag-IBIG said that under the promotional rates, housing loan or installment amounts above the socialized housing price ceiling, currently up to P950,000 for house-and-lot units and up to P1.8 million for condominium units, and up to the low-cost housing ceiling of P2.5 million shall have an interest rate of 4.5 percent per annum, fixed for three years. It said further that housing loan or installment amounts above the P2.5 million low-cost housing ceiling up to P10 million shall have an interest rate of 5.75 percent per annum, also fixed for three years. After the three-year fixed period, the loan shall be repriced based on the borrower’s chosen repricing period, Pag-IBIG said.
“We know that buying a home is one of the biggest and most important decisions a family will make,” Acosta said. She emphasized that Pag-IBIG’s goal is to make homeownership more affordable for more Filipino workers, while helping them keep more of their hard-earned money for their savings, their families and their future.
Qualified members may avail of the promotional rates for Pag-IBIG Housing Loan and Pag-IBIG Acquired Assets Long-Term Installment Payment applications received until Dec. 31, 2026.
