Pag-IBIG Fund announced Friday, July 25, that it is offering a special subsidized interest rate of 3% 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 purchasing 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 housing under the 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 noted that developers have committed to building more than 250,000 socialized housing units nationwide under the Expanded 4PH Program.
First-time homebuyers earning less than ₱47,856 monthly in NCR and less than ₱34,686 outside NCR may avail of the subsidized rate. All overseas Filipino workers, regardless of income, also qualify. The loan covers quality socialized house-and-lot units and condominium units priced up to ₱850,000 and ₱1.8 million, respectively, plus Pag-IBIG Acquired Assets within these ceilings. The program offers additional financing of up to ₱100,000 for home improvements and provides 100% loan-to-value ratio.
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,” said Acosta. “Our robust financial position allows us to extend this special subsidized rate under the Expanded 4PH Program, enabling even more members to achieve sustainable homeownership.”
