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Pag-IBIG Fund eyes to release P105 billion worth of home loans, topping by 5 percent last year’s record of P100 billion.
This after the agency reported it released P40.41 billion in home loans in January to May, a record for any five-month period.
Pag-IBIG said in a statement the amount is 15 percent higher than the P35.28 billion released in the same period in 2021.
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The Fund added the amount financed the acquisition and construction of 36,865 homes for members, 5 percent higher than the 34,979 homes financed during the same period last year.
Of the total number of homes financed, 6,787 or 18 percent were socialized housing units for minimum-wage and low-income workers and their families.
