Pag-IBIG Fund Rolls out Special 3% Loan Rate Under Expanded 4PH to Make Housing more Affordable

Pag-IBIG Fund announced Friday, July 25, that it is offering a special subsidized interest rate of 3 percent per annum for the first five years of housing loans under the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program. The special rate is available to eligible members from the lowest income segments up to the seventh income decile, as well as all overseas Filipino workers, for the purchase of socialized housing units – which now include house-and-lot units, condominium units, and Pag-IBIG Acquired Assets.

The initiative supports President Ferdinand R. Marcos Jr.'s directive to expand access to affordable and dignified housing, in line with the administration's Bagong Pilipinas vision.

“We are pleased to report that Pag-IBIG Fund has once again stepped forward in its commitment to helping more Filipinos secure dignified homes,“ said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development (DHSUD) and chairperson of the Pag-IBIG Fund Board of Trustees. “Together with the enhancements under the Expanded 4PH Program - which now covers both vertical and horizontal housing developments - Pag-IBIG Fund's wider home financing options ensure that more Filipinos can finally achieve homeownership. This is our solid commitment to President Marcos' vision of providing decent shelter through a sustainable housing program under the Bagong Pilipinas banner.“

Aliling also cited the support from the private sector, noting that developers have committed to building more than 250,000 socialized housing units nationwide under the Expanded 4PH Program, significantly accelerating the government's housing efforts.

Under the Pag-IBIG Housing Loan for the Expanded 4PH Program, first-time homebuyers - particularly those earning less than 47,856 pesos per month in the National Capital Region and less than 34,686 pesos outside NCR - may avail of the subsidized 3 percent interest rate for the first five years of the loan. All overseas Filipino workers, regardless of income, also qualify for the special rate. The loan may be used to purchase quality socialized house-and-lot units and condominium units under accredited Expanded 4PH projects, priced up to 850,000 pesos and 1.8 million pesos, respectively. It may also be used to purchase Pag-IBIG Acquired Assets with net selling prices that fall within these ceilings. The program further offers additional financing of up to 100,000 pesos for home improvements, such as utility connections and home fixtures, and provides a 100 percent loan-to-value ratio, meaning borrowers are not required to provide cash equity.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta emphasized that the agency's ability to offer low interest rates stems from its strong collection efficiency, eliminating the need for external borrowing. She added that the initiative aligns with Pag-IBIG Fund's 10-year plan to deliver double-digit dividends on members' savings while allocating half of its housing portfolio to loans with a 3% interest rate through efficient asset management.

“We at Pag-IBIG Fund remain fully committed to fulfilling our twin mandates: promoting savings and providing affordable home financing for Filipino workers,“ Acosta said. “Our robust financial position allows us to extend this special subsidized rate under the Expanded 4PH Program, enabling even more members - including private-sector workers, government employees, uniformed personnel, OFWs, self-employed individuals, and informal-sector workers - to achieve sustainable homeownership. This initiative significantly advances our goal of making Pag-IBIG Fund even more impactful in the lives of Filipino workers, fully supporting President Marcos' vision of a Bagong Pilipinas.“

Pag-IBIG Fund Offers Housing Loan Moratorium in Calamity-Hit Areas, Heeds President Marcos' Call to Extend Assistance

Pag-IBIG Fund has offered a one-month moratorium on housing loan payments to assist members affected by Severe Tropical Storms Crising, Dante, Emong and the Southwest Monsoon, as part of its continuing response to President Ferdinand R. Marcos Jr.'s call to deliver swift and responsive relief to calamity-stricken members.

Pag-IBIG Housing Loan borrowers residing or working in areas officially declared under a state of calamity – including Manila, Quezon City, Cebu City, Marikina City, Malabon City, Dagupan City, the province of Cavite, Calumpit in Bulacan, Sebaste and Barbaza in Antique, Calasiao and Umingan in Pangasinan, and Cainta in Rizal – may apply for the moratorium to help ease their financial burdens and redirect their resources toward urgent recovery needs. Additional areas that may be declared under a state of calamity in the coming days will also be covered.

“Pag-IBIG Fund stands in full support of President Marcos' directive to extend immediate assistance to our fellow Filipinos affected by Typhoons Crising, Dante and Emong and the heavy monsoon rains,“ said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. “This one-month moratorium on housing loan payments reflects our commitment to compassionate governance and our determination to help affected members rebuild their lives during these difficult times.“

Under Pag-IBIG Fund's One-Month Housing Loan Payment Moratorium, qualified borrowers will have their monthly amortizations or installment payments temporarily suspended for one month, without incurring penalties or additional interest. Loan terms will be extended accordingly, with all other conditions, including interest rates, remaining unchanged.

Eligible housing loan borrowers may file their applications until August 24, 2025, either online through the agency's Virtual Pag-IBIG platform or by visiting any Pag-IBIG Fund branch. No processing fee will be charged.

This follows the agency's earlier announcement that its Calamity Loan Program is now open for members in areas declared under a state of calamity, and that Housing Loan Insurance claims are available for borrowers with damaged homes financed through Pag-IBIG Fund.

“Our priority is to reduce the financial burden on our members as they recover from the impact of recent calamities,“ said Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta. “This housing loan moratorium provides immediate relief so they can focus on their families, safety, and rebuilding. We understand what it means to face uncertainty after a disaster, and that is why we are here. We are ready to assist, to serve, and to provide not only financial support, but peace of mind to our members. Through our moratorium, calamity loan, and housing insurance services, Pag-IBIG Fund remains a dependable partner in every Filipino worker's path to recovery.“

Pag-IBIG Fund Heeds PBBM's Call, Mobilizes Calamity Loan for Members Affected by Typhoon Crising

Pag-IBIG Fund has mobilized its Calamity Loan Program to assist members affected by Typhoon Crising, in line with the directive of President Ferdinand Marcos, Jr. to deliver immediate support to Filipinos in disaster-hit areas.

“We are ready to assist our members affected by Typhoon Crising through the Pag-IBIG Calamity Loan,“ said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. “We continue to closely monitor developments and are prepared to provide immediate aid in areas that may be declared under a state of calamity in the coming days. This is part of our continuing effort in heeding the call of President Marcos to deliver timely relief and support to those in need.“

Under the Pag-IBIG Calamity Loan Program, qualified members may borrow up to 90% of their total Pag-IBIG Savings, which consist of their monthly savings, employer counterpart contributions, and earned dividends. The loan carries an interest rate of 5.95% per annum, the lowest for cash loans in the market, and is payable over a period of up to three years, with a three-month grace period before the first payment is due. Members may file their loan applications within 90 days from the declaration of a state of calamity in their area.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, stated that Pag-IBIG branches are now in coordination with local government units in their respective areas for the deployment of the agency's mobile branch, the Lingkod Pag-IBIG On-Wheels, to receive applications for loans from members, as well as insurance claims from current Pag-IBIG Housing Loan borrowers whose properties have been damaged due to the typhoon.

“When calamities strike, we at Pag-IBIG understand that our members in affected areas need immediate financial assistance. For this reason, we make sure that all our services and benefits remain accessible to our members. Even while our offices and personnel in typhoon-hit areas have also been affected, our branches remain open and are ready to receive loan applications and housing loan insurance claims. We are also set to deploy our Lingkod Pag-IBIG On-Wheels to initially go around these areas once roads are accessible, to further bring our services closer to our members who are most in need. And, for members who have internet access, the Virtual Pag-IBIG is ready to accept their Calamity Loan applications online. During these trying times, our members can continue to count on Lingkod Pag-IBIG,“ said Acosta.

Pag-IBIG Fund Earns 13th Straight Unmodified Opinion from COA

Pag-IBIG Fund has earned its 13th consecutive Unmodified Opinion from the Commission on Audit (COA), reaffirming its commitment to excellence in financial management, sound governance practices, and consistent compliance with accounting and auditing standards, officials announced on Tuesday, July 1.

The latest audit opinion followed COA's comprehensive review of Pag-IBIG Fund's financial statements and operations for the year 2024. The review confirmed that the agency's transactions were properly conducted in accordance with applicable laws and regulations, and that its financial statements were fairly presented, in all material respects, in line with relevant government accounting and reporting standards.

“This is further proof that Pag-IBIG Fund has been, and continues to be, managed with professionalism, prudence, and integrity,“ said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development and Chairperson of the 11-member Pag-IBIG Fund Board of Trustees. “It is a testament to how Pag-IBIG Fund upholds the highest standards in managing our members' hardearned savings and in fulfilling its mandate to serve the Filipino worker. This achievement also reflects Pag-IBIG Fund's strong position, as it plays a key role in the administration's flagship Expanded Pambansang Pabahay para sa Pilipino (4PH) Housing Program. We remain committed to the directive of President Ferdinand Marcos Jr. to build a more secure, resilient, and prosperous future for every Filipino family.“

COA had previously issued unqualified opinions on Pag-IBIG Fund from 2012 to 2017 and unmodified opinions from 2018 to 2024. With this latest result, Pag-IBIG Fund joins a short list of Philippine government agencies and GOCCs that have consistently received unqualified and unmodified opinions for over a decade, a noteworthy distinction that underscores its sustained fiscal discipline and commitment to transparency.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta likewise emphasized the significance of this recognition, highlighting how it reflects the agency's outstanding performance and service delivery in 2024.

“Pag-IBIG Fund exceeded the one-trillion-peso mark in total assets and posted a historic net income of P66.78 billion last year. We also achieved all-time highs in our housing loan releases, cash loan disbursements, and loan collections, enabling more Filipino workers to access affordable home financing and meet their short-term financial needs. Earning COA's Unmodified Opinion for the 13th consecutive year affirms that we accomplished all these while upholding the highest standards of integrity, in line with President Marcos Jr.'s call for excellence and accountability in public service,“ said Acosta.

“This recognition reinforces our members' trust, knowing that their savings are safe, protected, and responsibly managed. We will continue to serve them with Tapat na Serbisyo, Mula sa Puso, and remain focused on sustaining this track record of integrity in the years ahead,“ she added.

The unmodified opinion from COA adds to the list of recognitions earned by Pag-IBIG Fund from governing bodies for its excellence in public service last year. In 2024, Pag-IBIG Fund was also named as one of the top-performing government firms for good governance by the Governance Commission for GOCCs (GCG). Pag-IBIG Fund also earned a satisfaction rating of 99.52% in its 2024 Client Satisfaction Measurement, in accordance with the standards set by the Anti-Red Tape Authority (ARTA) and the GCG.