Pag-IBIG Sets Records A New, Releases Nearly P51B in Cash Loans

Pag-IBIG Fund disbursed P50.79 billion in cash loans in the last ten months, breaking its record for the highest amount of cash loans released for any January to October period. The amount released benefitted 2,281,042 Pag-IBIG Fund members, also a record high.

From January to October, the amount of short-term loans released by the agency increased by 12 percent or P5.5 billion compared to the P45.29 billion released during the same period in 2022. The number of members assisted through the program also increased by 6 percent or 127,494 more than the 2,153,548 members from the previous year as more members utilized the agency’s online channel, the Virtual Pag-IBIG, to apply for cash loans. During the period, 743,362 members filed their loans online, an increase of 266,281 borrowers or 56% percent year-on-year.

“We are happy to report that Pag-IBIG Fund continues to provide Filipino workers with assistance on their immediate financial needs through our cash loans. The record-high amount of loans we released, as well as the highest ever number of members aided through these loan program, show that our short-term loans are among the top choices of Filipino workers in gaining additional funds for their needs. All these are part of our efforts in heeding the call of President Ferdinand Marcos, Jr. to provide the best service to the Filipino people,” 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.

Pag-IBIG Fund’s Short-Term Loan Program includes the agency’s Multi-Purpose Loan (MPL) and Calamity Loan. Under the Pag-IBIG MPL, qualified members can borrow up to 80 percent of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned. The proceeds can be used to pay for tuition fees, medical expenses, minor home improvement, a family trip, or even serve as business capital. Borrowers may choose between a 24 or 36-month payment term, with the first payment deferred for two months. The Pag-IBIG Calamity Loan, on the other hand, is available to members residing or working in areas declared under a state of calamity. In the past years, the agency has returned more than 90 percent of its income, mostly derived from interest on loans, to members in the form of dividends.

Of the total amount of cash loans released by the agency, P48.32 billion were in the form of Pag-IBIG MPLs which helped 2,131,435 members, while P2.48 billion were in the form of Calamity Loans which in turn aided 149,607 members.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, cited the reliability and ease of access in availing the Pag-IBIG’s Short-Term Loans as the main drivers for its strong growth. She further noted that with more members applying for loans using the Virtual Pag-IBIG, the amount of cash loans released by the agency in January to October from online applications surged to P16.65 billion, an increase of P6.51 billion or a 64% increase year-on-year.

“We at Pag-IBIG Fund recognize that each and every year, millions of our members rely on our Pag-IBIG MPL for their immediate financial needs. That is why we have made the application for our cash loans more accessible and easier for our members. Today, our members can easily and conveniently apply for these loans through many channels, which include their employers or at any of our more than 200 branches nationwide. Members may now also apply for a cash loan anytime, anywhere by using our online channels, the Virtual Pag-IBIG or the Virtual Pag-IBIG Mobile App. Our members can rest assured that our programs shall always be reliable, and that we shall continuously find ways to make their benefits accessible them,” Acosta said. (END)

Pag-IBIG Fund and Lalamove

Pag-IBIG Fund and Lalamove work together to give benefits to riders

Pag-IBIG Fund and Lalamove signed two agreements last week to make it easier for riders to save a portion of their earnings every month, and eventually buy a home. With a Collection Servicing Agreement (CSA) between Pag-IBIG Fund and Lalamove, riders may now pay their monthly Pag-IBIG savings through Lalamove without any fees! Meanwhile, the signed Memorandum of Understanding (MOU) makes it easier for Lalamove employees and partner-drivers to answer their home financing needs with the help of Pag-IBIG Fund.

Pag-IBIG Fund CEO Marilene C. Acosta and Lalamove Head of Regulatory and Strategy Atty. Josephine Joy Caneba (center) pose for a photo after signing the agreement. Joining them are Pag-IBIG Fund Deputy CEO Alexander G. Aguilar, and Pag-IBIG Fund Senior Vice President Atty. Marie Antoniette D. Diaz. 

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Pag-IBIG Home Loans Reach P76.94B

Pag-IBIG sets record anew as home loans reach P76.94B in Jan to Aug, up 6%

Pag-IBIG Fund has released P76.94 billion in home loans in the last eight months, breaking its record on the highest home loan disbursement for any January to August period, agency officials announced on Friday (September 15).

“We are happy to report that Pag-IBIG Fund has once again set a record high in terms of home loan releases during the first eight months of the year. The sustained growth of our home loans mean that more and more Filipino workers are being helped by Pag-IBIG Fund to have homes they can call their own. This is one of our ways to heed the call of President Marcos to provide sustainable and inclusive housing for Filipinos,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

Acuzar added that the amount of home loans released by the agency during the period is P4.23 billion or 6 percent higher compared to the P72.71 billion released during the same period in 2022, and financed 59,840 homes of Pag-IBIG Fund members. He further noted that out of this total number, 7,450 or 12 percent are members from the minimum-wage and low-income sectors, who were able to secure a total of P3.15 billion in socialized home loans.

Meanwhile, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta noted that the agency expects to sustain its performance for the remainder of the year, mainly driven by the agency’s move to further lower its home loan rates last July.

“We thank our members for choosing and trusting the Pag-IBIG Housing Loan to help them achieve their dream of home ownership. We assure our borrowers that we shall do all that we can to maintain the low rates of their loans and keep their monthly payments affordable. This is because we at Pag-IBIG Fund highly value sustainability, so that our current borrowers can maintain their ability to pay their loans and allow even more members to avail of our home financing programs. With four months to go before we end the year, we are optimistic that we shall once again set a banner year in the home loan front, and thus empower more Filipinos to become homeowners,” Acosta said. 

Pag-IBIG: Home Loan Releases Hit Record P57.07 Billion in H1

The Home Development Mutual Fund or Pag-IBIG Fund on Tuesday said it posted new record-high home loan releases in the first half of 2023.

In a statement, Pag-IBIG Fund said it released P57.07 billion worth of home loans from January to June this year, up 10% from P51.96 billion released during the same period in 2022.

“Pag-IBIG Fund's performance in the first six months of 2023 in the home loan front now stands out as the best in our history. We are happy that the number of Filipino workers who were able to become homeowners through Pag-IBIG’s Housing Loan programs continues to grow,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

The Housing chief said the amount of home loans released by Pag-IBIG Fund during the period enabled 44,414 members to acquire their own homes.

Acuzar added that of the total number, 5,748 or 13% are Pag-IBIG Fund members from the minimum-wage and low-income sectors who are now homeowners after securing a total of P2.42 billion in socialized home loans.

For her part, Pag-IBIG Fund CEO Marilene Acosta expressed optimism that home loans will maintain their growth in the second half of the year, with Pag-IBIG Fund further reducing home loan rates earlier this month. — Ted Cordero/BM, GMA Integrated News.

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Pag-IBIG Net Income Hits P20.6B in First Half

THE Pag-IBIG Fund netted P20.61 billion in the first half of 2023, 11 percent higher compared to the same period last year, primarily due to earnings from housing and short-term (cash) loans, as well as investments.

Gross income for the period was P35.03 billion, 12 percent higher year on year.

"Our P20.61 billion net income during the first half of the year is the highest for any January to June period in our history," Pag-IBIG Fund Chairman Jose Rizalino Acuzar said.

Marilene Acosta, the agency's CEO, said members would ultimately benefit as Pag-IBIG's charter mandates that at least 70 percent of yearly net income be returned in the form of dividends and returns that are credited to their savings.

"With our second half projections on our loan releases, collections and performing loans ratio high, we are optimistic that we can maintain our financial performance and provide Filipino workers the best returns on their savings as well as the means to acquire their own homes through our affordable home financing," she added.

Total assets as of June rose to P873.15 billion, 6.0 percent higher compared to the end-2022 level of P827.40 billion.

The agency's robust financial position, Acuzar said, makes it well-equipped to provide financing for additional homes through the Pambansang Pabahay para sa Pilipino or 4PH Program.

Pag-IBIG Housing Loan Highest Ever, 27.75B to 31.97B

Pag-IBIG home loan payments reach record-high P31.97B in Jan to May, up 15%; PLR climbs to 92.53%

 

Pag-IBIG Fund’s performing loans ratio surged to 92.53% as top executives reported double digit growth in its housing loan payment collections in the first five months of the year.

 

From January to May, the agency collected P31.97 billion in home loan payments, which is 15 percent or P4.22 billion higher than the amount collected in the same period last year. The amount is also a record-high in terms of home loan payments collected by the agency for any January to May period.

 

“We are happy to report that our total collections for the first five months of the year already stand as the highest in our history. Strong collections not only reinforce Pag-IBIG Fund’s financial sustainability, but also benefits our members because the amount we collect are then ploughed back to our housing portfolio so that more members can avail of our home loans. This is one of our ways of heeding President Ferdinand Marcos, Jr.’s call in solving the country’s housing backlog under the Pambansang Pabahay para sa Pilipino or 4PH Program,” said Secretary Jose Rizalino L. Acuzar, who heads both the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

 

Meanwhile, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta noted that because of the agency’s continued strong collections in home loan payments in the first five months of the year, Pag-IBIG Fund’s performing loans ratio continued its rise. From 90.69 percent as of December last year, the agency’s PLR has climbed 184 basis points to reach 92.53 percent as of May.

 

“We are grateful to our members for their efforts in fulfilling their payment obligations on their loans. Their on-time payments are clearly reflective of their trust in us as we continue to provide relevant programs and services to respond to their needs. Our strong collections and PLR would allow us to not only address the loan needs of our members, but also to keep our interest rates low despite the prevailing market conditions. These are all part of our Lingkod Pag-IBIG commitment to provide accessible and affordable home loans for each Filipino worker,” Acosta added.

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Pag-IBIG Fund Earns COA’s Highest Audit Rating for Record 11th Straight Year

MANILA, Philippines — Pag-IBIG Fund has earned the Commission on Audit’s highest audit rating on the presentation of its financial statements for the 11th consecutive year, top officials announced on Monday, July 3.

State auditors, in a letter dated June 22, informed Pag-IBIG Fund that it has rendered an unmodified opinion on the fairness of the presentation of its financial statements for the years 2021 and 2022.

In the same letter, COA upgraded its prior issued modified opinion on the agency’s books for the year 2021, after Pag-IBIG Fund enhanced its data migration system following the state auditors’ recommendations.

These developments have enabled the agency to maintain its streak of garnering COA’s highest audit rating for the 11th straight year.

“This is truly a significant milestone in Pag-IBIG Fund’s history. Earning the highest opinion from COA for the 11th consecutive year is yet another proof that Pag-IBIG Fund has been, and continues to be, managed properly. This is a testament to how Pag-IBIG Fund upholds excellence and integrity in managing their funds, in the fulfillment of our mandates and in line with the directive of President Marcos of providing Filipinos with more stable and more prosperous lives,” Secretary Jose Rizalino Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees, said.

COA rendered unqualified opinions on Pag-IBIG Fund’s financial statements from 2012 to 2017 and unmodified opinions for the years 2018 to 2022. 

Auditors use both unqualified and unmodified opinions, which are the highest opinions that COA can give to a government agency or corporation, to mean that the financial statements of a company or agency are presented, in all material respects, in accordance with applicable financial reporting frameworks.

Pag-IBIG Fund Chief Executive Officer Marilene Acoqsta, meanwhile, emphasized the value of the state auditor’s findings citing that these fittingly complete the agency’s best performing year of 2022.

“The year 2022 stands out as our best performing year yet, as we posted our highest ever annual net income of P44.50 billion. We also posted record-highs in home loan takeout worth P117.85 billion which benefitted 105,212 members who now have new or better homes, membership savings collections amounting to P79.90 billion and loan payment collections worth P127.42 billion. We also extended P53.76 billion in short-term loans to aid a record-high 2,612,491 members with their financial needs. In the same year, we also launched service innovations such as the Virtual Pag-IBIG Mobile App and the Lingkod Pag-IBIG on Wheels, which now provide our members better access to our services and benefits,” Acosta said.

“With our 2022 performance capped by this unmodified opinion from COA, this shows that we have achieved our best performance ever while maintaining the highest standards of financial integrity. This is what our members and stakeholders can expect from us, that we shall remain transparent in our operations and serve them with excellence and integrity,” Acosta added.

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How To Save Money: 12 Ways

How To Save Money: 12 Ways

Whether you think you don’t have any money to save, you don’t know where to start or you’ve convinced yourself you’re simply not a saver, think again. There are always opportunities to save. 

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2,968 Homes for Low-Wage Earners

Pag-IBIG Fund has financed 2,968 socialized homes for minimum-wage and low-income members in the first three months of 2023, its top executives said Tuesday (May 9).

Socialized home loans make up 14% of the 21,870 units financed by the agency from January to March this year. Meanwhile, the amount of socialized home loans represents 5%, or P1.26 billion out of the P27.57 billion home loans released by the agency for the period.

“We always emphasize inclusivity as a major pillar in the implementation of the Pambansang Pabahay para sa Pilipino Housing or 4PH Program. With the Pag-IBIG Affordable Housing Program, we provide the unserved and underserved sectors, particularly low-wage earners in our country, the opportunity to own a home. All these are in line with the directive of President Ferdinand R. 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.

The Pag-IBIG Fund’s Affordable Housing Program (AHP) is for members from the low-income and minimum-wage sectors who earn up to P15,000 a month in the National Capital Region (NCR), and up to P12,000 per month outside the NCR. Under the AHP, borrowers enjoy a subsidized rate of 3% per annum for home loans of up to P580,000 for socialized subdivision projects, and up to P750,000 socialized condominium projects.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said that the AHP’s special rate of 3% per annum – a rate that the agency has provided for low-income members since May 2017 – remains the lowest in the market. The loan program also features a 100% loan-to-value ratio allowing borrowers to enjoy equity-free purchase of housing units.

“Our approach to home financing has always been comprehensive. We exert all efforts to make our programs responsive to the needs of our members. That is why we have a special home financing program for our low-income members. With the AHP, the monthly payment for a socialized housing unit is as low as P2,445.30, which is lower than the cost of rent in most parts of the country. And, qualified borrowers will never have to put out cash for equity, truly making homeownership within their reach. That is the Lingkod Pag-IBIG brand of service,” Acosta said.

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Kadiwa ng Pangulo Para Sa Manggagawa

121st Labor Day Celebration (Kadiwa ng Pangulo sa Manggagawa)

President Ferdinand R. Marcos Jr. kicks off a series of activities that form part of the 121st Labor Day celebration at the SMX Convention Center in Pasay City on April 30, 2023. 

For his first stop, the President opens a ‘Kadiwa ng Pangulo Para Sa Manggagawa’ outlet that gathers more than 150 businesses and sellers from participating agencies such as the Department of Labor and Employment (DOLE), Department of Trade and Industry (DTI), Department of Agriculture (DA) and Department of Social Welfare and Development (DSWD). 

This year’s Labor Day celebration focuses on the theme, 'Pabahay, Bilihing Abot Kaya, Benepisyo ng Matatag na Trabaho Para Sa Manggagawang Pilipino', as spearheaded by the DOLE in cooperation with different government agencies to honor the nation’s labor force through collaborative efforts in various areas such as livelihood programs, job creations and skills training.

Pag-IBIG Housing Loan

Pag-IBIG home loan releases reach record-high P27.57B in Q1 2023, up 14%

Pag-IBIG Fund released a record-high P27.57 billion in home loans during the first quarter of 2023, an increase of P3.36B or 14% compared to the P24.21 billion released during the same period in 2022, its top officials announced on Monday (April 24).

 

“We are happy to report that we have started the year strong by posting a new record-high in home loan releases for the first three months of 2023. This means that more Filipino workers have been helped by Pag-IBIG Fund in acquiring their own homes. All these are part of our efforts under President Marcos’ Pambansang Pabahay para sa Pilipino Housing or 4PH Program to move forward in solving the housing backlog of our country,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

 

Acuzar added that the amount of home loans released by the agency during the first quarter enabled 21,870 members to acquire their own homes. He further noted that out of this total number, 2,968 or 14% are Pag-IBIG Fund members from the minimum-wage and low-income sectors who were able to secure a total of P1.26 billion in socialized home loans.

 

Meanwhile, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta noted that the agency’s performance at the start of the year shows that it has sustained the momentum of its record-high achievement in 2022, when it released a record-high P117.85 billion in home loans for the year and surpassed the one-trillion peso level in total home loan releases since its inception.

 

“After coming off our best-performing year in 2022, we have yet again set another record-high in housing loan takeout for the first quarter of 2023. Our strong performance in the housing loan front is an indication of the trust of our members in our programs. More importantly, our record-high numbers reflect the increasing number of Filipino workers we have enabled to gain new or better homes. Our members can rest assured that we shall do our best to make our housing loan programs, as well as all our other services, continuously accessible so that they may fully enjoy their benefits as Pag-IBIG Fund members,” Acosta said.

Dividend Rates for P1: 6.53% and MP2: 7.03%

PBBM lauds highest Pag-IBIG dividend rates since pandemic: 6.53% for Regular Savings, 7.03% for MP2

President Ferdinand R. Marcos Jr. lauded Pag-IBIG Fund’s highest dividend rates since the Covid-19 pandemic, as its Regular Savings dividend rate for 2022 reached 6.53 percent and its Modified Pag-IBIG 2 (MP2) Savings surged to 7.03 percent per annum

The dividend rates on the members' savings of the agency were the highlights of the Pag-IBIG Fund Chairman’s Report for 2022, where the president spoke before a gathering of agency members, partners and stakeholders at the SMX Convention Center, Tuesday (March 28).

“It makes me proud that your agency’s stewardship of our national savings program has successfully provided affordable shelter financing for our people. Let me thank all of you, the members who are the owners of Pag-IBIG Fund, including concerned housing developers, partners, and other key stakeholders who have been instrumental in fulfilling the Pag-IBIG Fund’s mandate, of serving the Filipino workforce,” the President said.

“As the Pag-IBIG Fund was established under the presidency of my father, I look forward to your efforts in continuing his legacy of quality public service into the future. I urge you to sustain the transparency and accountability in all the work that you do. Thus, we are able to maintain the public's renewed trust in government. Let us ensure that the Pag-IBIG Fund remains at the forefront of fulfilling our peoples' aspirations,” the chief executive added.

Pag-IBIG Fund posted its best performing year in 2022 as the agency’s net income reached a record high P44.50 billion, a 28% increase from the P34.69 billion the year prior.

The agency also reported several record high figures for the year, with home loans reaching P117.85 billion; total membership savings collected amounting to P79.90 billion and loan payments amounting to P127.42 billion.

Pag-IBIG Fund also assisted the highest number of members with 105,212 securing new homes from its housing loan programs and over 2.61 million aided through its short-term loans. The agency ended the year with total assets at its highest, amounting to P827.40 billion.

Secretary Jose Rizalino Acuzar of the Department of Human Settlements and Urban Development (DHSUD), who also heads the 11-member Pag-IBIG Fund Board of Trustees, explained that the dividend rates are the result of the agency’s record-high net income coupled with the highest dividend payout ratio approved by the Pag-IBIG Board.

Acuzar said that while the agency is required to give back to members only at least 70 percent of its annual net income as dividends, the Pag-IBIG Board approved a 97 percent payout ratio, resulting in a dividend amount to P42.70 billion - the highest in the agency’s history.

“We at Pag-IBIG do all that we can to keep the returns on our members’ savings high, while ensuring the Fund’s sustainability and stability. With Pag-IBIG Fund capably led by its CEO 'Manang' Malen Acosta having its best performing year in 2022, we were able to declare the highest amount of dividends for our members’ savings in our 42-year history,” the DHSUD chief said.

“Truly, when Pag-IBIG Fund performs well, it is our members who benefit the most. We assure our members that Pag-IBIG Fund shall be their reliable partner as they pursue a better and more secure future,” the Pag-IBIG Chairman noted.

P1 Savings: 6.53% & MP2 Savings: 7:03%

DIVIDENDS HIGHEST SINCE PANDEMIC!!

Pag-IBIG Fund has finally revealed the highly-anticipated Pag-IBIG Savings Dividend rates for 2022 during its Chairman's Report on March 28.

President Ferdinand R. Marcos, Jr., together with DHSUD Secretary Jose Rizalino L. Acuzar and Pag-IBIG CEO Marilene C. Acosta, unveiled the dividend rates of:

Pag-IBIG Regular Savings: 6.53% per annum.

Pag-IBIG MP2 Savings: 7:03% per annum.

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Pag-IBIG Board Approves Postponement of 2023 Contribution Hike

The Pag-IBIG Fund Board of Trustees officially approved the postponement of the agency’s contribution hike in 2023, citing the continuing recovery of both workers and business owners from the pandemic, its top officials announced Monday (06 March).

Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees, said that they unanimously approved the recommendation of the Pag-IBIG Fund Management to defer the hike in the monthly contributions of its members in 2023 – affirming pronouncements made by the agency earlier this year – and move the implementation by one year to January 2024. The deferment also applies to the share of their employers.

“We recognize that many of our members and employers are still in the midst of recovering from financial challenges arising from the effects of the pandemic on the economy. After consulting with our stakeholders, we have officially approved the deferment of the increase of Pag-IBIG members’ monthly contributions for another year. This is in line with the call of President Ferdinand Marcos, Jr. to alleviate the financial burden of our fellow Filipinos due to the prevailing socio-economic challenges brought about by the Covid-19 pandemic,” Acuzar stated.

In 2019, agency officials approved the increase of its members’ monthly contributions after obtaining the concurrence of stakeholders to implement a planned contribution increase in 2021. During that time, the agency saw the increase necessary as it projected that the amount of loans disbursed will eventually outpace the total collections from both loan payments and members’ contributions.

However, recognizing the effects of the pandemic on both its members and the business community, Pag-IBIG Fund has deferred for the third consecutive year the increase of its contributions rates which remain unchanged since 1986.

According to Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, the agency’s robust fiscal standing and strong collections driven by members opting to save more under the agency’s Regular and MP2 Savings programs, shall allow it to address the growing loan demand of members even without a contribution rate increase this year.

“Our strong financial position shall allow us to again postpone the increase in our contribution rates for a year. We are happy to report that even without any increase in our rates, we were able to post record-highs in 2022 with our membership savings collections reaching nearly P80 billion, loan payment collections amounting to P127.42 billion, short-term loan releases at 57.69 billion and home loan takeout amounting to P117.85 billion. And, with the continued trust and support of our members, the business community and housing industry partners, we look forward to achieving another banner year for Pag-IBIG Fund in 2023 despite not increasing our contribution rates for the 37th consecutive year,”Acosta said.

P39.84 B Under MP2

Pag-IBIG Fund members continue to show preference in the MP2 Savings program in 2022 as total savings reached nearly P40 billion, setting yet a new record-high for the amount saved voluntarily by members under the program in a year, its top officials said Monday (27 February).

For 2022, members’ savings under the Modified Pag-IBIG 2 (MP2) Savings Program reached P39.84 billion, achieving an impressive 54% increase from the P25.95 billion collected in 2021.

“Pag-IBIG Fund has again set another record, this time in the amount saved by members under the MP2 Savings Program. This shows the unwavering trust of our members in our capability to excellently and prudently manage their hard-earned peso. With our strong collections, we can continue to finance the loans of our members and keep our interest rates low. These are in line with our efforts of supporting the call of President Ferdinand Marcos, Jr. to provide a better life for all 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.

The MP2 Savings Program is a special voluntary savings facility of Pag-IBIG Fund that comes with a maturity period of five years. With a low entry point of P500 as minimum savings, it is designed for active Pag-IBIG Fund members who wish to save more and earn higher dividends, in addition to the mandatory Pag-IBIG Regular Savings they save every month. It provides members the option to claim the earnings of their MP2 Savings annually or compounded at the time of its maturity. The program is also open to pensioners and retirees who were once Pag-IBIG members and had at least two years worth of savings prior to retirement. Initially made available to members in 2010, the MP2 Savings has seen phenomenal growth over the past few years, as more members find it as a safe and low-risk savings facility which provides competitive returns.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted the increase in the total number of MP2 savers in 2022. From 750,267 in 2021, MP2 savers increased to 977,643 or 30.3% by the end of 2022. Acosta further emphasized that the MP2 has become an instrument that has allowed more workers to save, with 86% of the agency’s total MP2 Savers having an average savings of P19,357.

“We are very happy that the MP2 Savings continues to encourage more and more Filipino workers to save. Through the program, we have made more Filipino workers appreciate the value of saving by providing them with a secure savings channel for their future goals. Our members can rest assured that we shall do our best to grow their savings and provide them the highest possible returns. That is Lingkod Pag-IBIG at work,” Acosta said. (END)

ANG ESTILO NG PILIPINO SA PAG-IIMPOK

Iba ang konsepto ng mga Pilipino sa financial at retirement planning. Marami ang kuntento na sa prinsipyong “isang kahig, isang tuka” o pagkakaroon lamang ng sapat na para sa iyo hanggang sa susunod na panahon ng suweldo. Sa madaling sabi, ang mga Pilipino ay kikita lamang ng sapat na pera para sa pang-araw-araw na gastusin.

Masasabing, karamihan sa atin ay hindi nakakapag-ipon, naghahanda para sa pagreretiro, o nagplano para sa seguridad sa pananalapi.

PAANO NAGTITIPID ANG MGA PILIPINO NG KANILANG PERA

Pumunta sa mall at obserbahan kung paano mas gusto pa rin ng karamihan sa mga Pilipino na magbayad ng cash kaysa sa pamamagitan ng debit o credit card. Sa ibang bansa, makakaligtas ka sa isang araw nang walang pera. Ngunit sa Pilipinas, cash ang ginagamit sa karamihan ng mga transaksyon at gastusin. Sa katunayan, dalawang porsyento lamang ng mga kabahayan sa Pilipinas ang may mga credit card ayon sa kamakailang survey ng Bangko Sentral ng Pilipinas (BSP).

Ang parehong survey ay nagpakita na 86% ng mga Pilipino ay walang mga bank account. Ang dahilan ay alinman sa wala silang sapat na pera upang panatilihin ang isa o hindi sila nagtitiwala sa mga bangko.

Mahigit kalahati ng mga Pilipino ang nakakakuha ng kanilang kita mula sa sahod at suweldo. Ang ilan ay self-employed, habang ang iba ay umaasa sa mga remittance mula sa mga kamag-anak na nagtatrabaho sa ibang bansa o suportang pinansyal mula sa ibang mga sambahayan.

Ang mga kita ay kadalasang ginagastos sa mga gastusin sa pagkain at inumin sa sambahayan, gayundin sa upa, transportasyon, edukasyon, paglilibang, kalusugan, at mga kagamitan.

Sa pagtatapos ng buwan, halos wala nang natitira, na nagbunga ng pananalitang “dumaan lang sa palad ang pera.” Sa katunayan, maraming dapat tandaan tungkol sa mga gawi sa paggastos ng mga Pilipino.

PAANO PINAPLANO NG MGA PILIPINO ANG KANILANG RETIREMENT

Tila, karamihan sa mga Pilipino ay walang konkretong plano sa pananalapi para sa kanilang pagreretiro sa hinaharap. Ipinakita ng BSP na ang retirement o insurance plan ay sumasaklaw lamang sa isa sa apat na Pilipino, at karamihan dito ay puro work-based na mga programa.

Habang ang mga tao ay naghahangad para sa pinansiyal na seguridad, nananatili ang isang malaking agwat sa pagitan ng kung magkano ang kanilang naiipon at kung magkano ang talagang kailangan nila upang masakop ang kanilang mga taon sa pagreretiro. Para sa maraming Pilipino, mas inuuna ang pang-araw-araw na gastusin, malalaking pangyayari sa buhay, at hindi kanais-nais na mga pangyayari kaysa paghahanda para sa kanilang pagreretiro.

Kaya, itinutulak nila ang pag-iipon para sa kinabukasan upang matugunan ang mga gastos na malamang na nangangailangan ng mas agarang atensyon. Maari rin itong maiugnay sa “tsaka na lang” o ang procrastination attitude na kilala sa ating mga Pilipino.

Para sa ating mga Pilipino, sapat na mahirap bayaran ang ating mga pangunahing pangangailangan, mas isipin ang tungkol sa pag-iipon para sa kinabukasan. Ngunit, ito ay palaging nangyayari ngayon. Kadalasan, ang kawalan ng disiplina at ang “bahala na” na ugali ang pumipigil sa ating mga Pinoy na mag-ipon at maghanda para sa pagreretiro.

Ang isa pang salik na dapat isaalang-alang na nakakatulong sa kakulangan ng savings at pagpaplano ng pagreretiro ng Pilipino ay ang financial literacy. Ayon sa S&P Global Financial Literacy survey, 25% lamang ng mga Filipino ang financially literate. Sa madaling salita, ikaapat na bahagi lamang ng mga Pilipinong nasa hustong gulang ang nakakaalam sa mga opsyon sa pananalapi na magagamit sa kanila.

ANO ANG DAPAT NATING GAWIN

Ang pag-iipon para sa pagreretiro ay nauuwi sa disiplina, pasensya, at pagsusumikap. Ilagay ang iyong pera sa mga matalinong pamumuhunan na magbibigay sa iyo ng seguridad sa pananalapi sa paglipas ng panahon.

1. Itakda ang iyong mga layunin sa SMART sa pananalapi.
2. Isama ang iyong pamilya sa iyong mga plano.
3. Gumawa ng badyet.
4. Makawala sa utang.
5. Gumastos ng mas mababa sa kinikita mo.
6. Mag-invest ng bahagi ng iyong kita.
7. Bumuo ng isang pangmatagalang plano sa pagtitipid.
8. Ilagay at pag-iba-ibahin ang iyong mga pamumuhunan.
9. Palakihin ang iyong kita.
10. Lumikha ng pondo sa pagreretiro.
11. Mag build ng sariling NEGOSYO na kahit merong TRBAHO ay magagawa mo ang 'yong negosyo offline o online worldwide.

Hindi pa masyadong maaga o huli para maghanda para sa iyong hinaharap at makamit ang tagumpay sa pananalapi. Mag ipon na, simulan mo dito.

Pwedi ka din pumunta sa alinmang sangay ng Banko na gusto mo kagaya sa BPI na merong branches sa buong bansa upang kumonsulta sa isang Sales Executive na maaaring mag-alok ng mapagkakatiwalaang payo sa pananalapi nang walang bayad.

Pag-IBIG Releases Record-High P118B Home Loans in 2022: Over 100,000 Members with New Homes

Pag-IBIG Fund released a record-high P117.85 billion in home loans to finance the housing units of 105,212 members in 2022, its top officials announced January 18 (Wednesday).

For 2022, the amount of home loans released by the agency increased by 21% or P20.57 billion compared to the P97.28 billion released in 2021. With the amount, Pag-IBIG financed the acquisition and construction of 105,212 homes for its members, or an increase of 11% from the 94,533 homes financed in 2021.

“We are happy to report that Pag-IBIG Fund has once again set a new record-high in home loan releases in 2022. This is very good news because as the amount of home loans we release increases, so does the number of Filipinos who now have homes of their own. Pag-IBIG Fund’s performance is a testament to our united and unwavering efforts to resolve the country’s housing backlog, in line with the objective of President Ferdinand Marcos, Jr. under the Pambansang Pabahay Para sa Pilipino Program,” 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.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the 105,212 housing units financed in year 2022 is also a record-high, and marks the first time that the agency has financed more than 100,000 housing units in a single year. She further stated that out of the total housing units financed by the agency last year, 18,657 or 18% were socialized housing units which are now owned by members from the minimum-wage and low-income sectors.

“We at Pag-IBIG Fund have always strived to provide our members – the Filipino workers, the means to have their own homes through affordable shelter financing. That is why we take great pride in achieving a record-high number of housing units financed in 2022 because it means that we have empowered even more Filipinos in gaining their own homes. And, as we embark on yet another year, our members can continue to rely on Pag-IBIG Fund to provide them the most affordable home loan in the market, so that they too can achieve their dream of homeownership. That is the Lingkod Pag-IBIG pledge,” Acosta added.

Pag-IBIG Releases Record P118 Billion Housing Loans

The Home Development Mutual Fund, commonly known as Pag-IBIG, has released a record P118 billion worth of housing loans last year for over 100,000 members.

Pag-IBIG said home loans jumped by 21 percent to P117.85 billion in 2022, its highest home loan release since the fund was established. This is also above Pag-IBIG’s P110 billion target for 2022.

It has been registering record high releases last year on the back of strong demand for home loans as Pag-IBIG interest rates remain low despite the current market trend, high loan-to-appraised value ratio, long repayment period and better insurance terms.

Pag-IBIG’s total number of financed homes also increased by 11 percent to a record 105,212 last year.

Pag-IBIG CEO Marilene Acosta said this marked the first time that the agency has financed more than 100,000 housing units in a single year of the total housing units financed in 2022, 18,657 or 18 percent were socialized housing units which are now owned by members from the minimum-wage and low-income sectors.

Under the Marcos administration, Pag-IBIG intends to finance at least 708,000 housing units.

Under the Pag-IBIG’s Affordable Housing Program, eligible borrowers have a special subsidized rate of three percent per annum for home loans of up to P580,000 for socialized subdivision projects.

Standing out as the lowest interest in the loan market, Pag-IBIG first offered the subsidized rate five years ago to help more members, particularly those from the minimum-wage sector, have their homes.

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