Pag-IBIG Fund will grant its special 3 percent housing loan rate for the first 10 years of the loan term, double the standard five years for the subsidized rate, to the first 30,000 eligible borrowers under its housing loan for the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program.
The offer is part of Pag-IBIG Fund’s response to the call of Secretary Jose Ramon P. Aliling to further make home financing affordable under the Expanded 4PH.
The extended fixed rate is expected to significantly reduce monthly payments for early borrowers and help accelerate the administration’s housing agenda under President Ferdinand R. Marcos Jr.
“In line with the directive of President Marcos, we have enhanced the Expanded 4PH Program to be more responsive to the needs of Filipino workers.
Aside from covering both house and lot and condominium units that members can
purchase at a special rate for the first five years of the loan term, we are extending the effective period of the subsidized rate to 10 years.
