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Filipino Times
a day ago
- Business
- Filipino Times
Pag-IBIG Fund maintains low housing loan rates through end of 2025
Pag-IBIG Fund announced that it is maintaining its low interest rates on housing loans until the end of 2025, continuing its efforts to make homeownership more affordable and accessible for Filipino workers. 'We are keeping our housing loan interest rates low to help more Filipino workers achieve their dream of homeownership,' said Secretary Jose Ramon P. Aliling, Chairperson of the 11-member Pag-IBIG Fund Board of Trustees and Secretary of the Department of Human Settlements and Urban Development (DHSUD). 'This forms part of DHSUD's renewed direction to expand the Pambansang Pabahay para sa Pilipino Program, in line with the vision of President Ferdinand R. Marcos Jr. to build a Bagong Pilipinas—where every Filipino has access to safe, affordable, and resilient communities. By keeping rates low, we make monthly amortizations more affordable, enabling more of our members—especially those who are minimum-wage earners and from low-income sectors—to finally move into homes they can truly afford.' Under its current terms, Pag-IBIG Fund offers housing loans at interest rates as low as 5.75% per annum for a one-year repricing period, and 6.25% for a three-year repricing period. Meanwhile, qualified low-income members may avail of special rates under the agency's Affordable Housing Program to purchase socialized housing units at just 3% per annum. Members may also enjoy loan terms of up to 30 years, helping keep monthly amortizations further within reach. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the agency's sound financial position makes the continued low rates possible. 'Pag-IBIG Fund's prudent fiscal management, strong collections, and high-performing loan portfolio continue to keep us financially sound, enabling us to finance our members' housing needs without external borrowing,' Acosta said. 'This allows us to maintain affordable rates and expand home financing access to more Filipino workers. As we fully support the government's housing thrust under the Marcos administration, we remain focused on helping more of our members—especially those in underserved sectors—secure homes they can call their own.' This announcement builds on Pag-IBIG Fund's strong performance in 2025. In the first quarter alone, the agency released ₱30.22 billion in home loans, benefiting over 20,000 members across the country. Additionally, Pag-IBIG Fund's total assets surpassed ₱1.1 trillion as of March 31, 2025, reflecting its robust financial standing and capacity to sustain long-term support for affordable housing finance.
Filipino Times
27-02-2025
- Business
- Filipino Times
Pag-IBIG Fund announces record P55.65B dividend in 2024; Regular savings earn 6.6%, MP2 yields 7.1%
Pag-IBIG Fund declared the highest-ever amount of dividends for its members' savings at the Chairman's Report 2024 held Thursday at the Philippine International Convention Center. For 2024, Pag-IBIG Fund reported ₱55.65 billion in total dividends, marking the largest payout in the agency's 44-year history. As a result, the dividend rates for the Regular Savings climbed to 6.6%, while the agency's popular Modified Pag-IBIG 2 (MP2) Savings rate rose to 7.1%. 'For nearly five decades now, this institution has empowered individuals and families to find, acquire, and build the homes they aspire for—all in a system founded on trust, integrity, and shared opportunity,' President Ferdinand R. Marcos Jr. said in a message. 'This Chairman's Report 2024 stands as proof of how your unwavering commitment has grown the contributions entrusted to your care, enabling every hardworking Filipino to achieve their dream homes. Let us remain steadfast in creating a strong, secure, and inclusive Pag-IBIG Fund that uplifts communities and ensures no Filipino is left behind in this era of Bagong Pilipinas.' Pag-IBIG Fund recorded another banner year, with its 2024 net income reaching ₱67.52 billion—a 36% increase from ₱49.79 billion in 2023. The agency also surpassed the ₱ 1 trillion mark in total assets, closing the year at ₱1.069 trillion, another all-time high. Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees, underscored the agency's outstanding performance and robust financial standing. 'Pag-IBIG Fund has once again marked 2024 as one of its best-performing years, achieving record highs in both total assets and net income. This accomplishment directly benefits our members, as we declared ₱55.65 billion in dividends—equivalent to 82.71% of our net income, exceeding the 70% dividend requirement by law,' Acuzar said. 'With our strong performance, sound investments, and robust finances, we are well-equipped to continue providing our members with responsive benefits, and advance our efforts under the Pambansang Pabahay para sa Pilipino Program, ensuring that more Filipino workers can access affordable homes.' Meanwhile, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta highlighted the agency's record-setting performance in 2024. She noted that Pag-IBIG released ₱129.73 billion in home loans, helping 90,640 members acquire new or better homes. The agency also collected a total of ₱132.81 billion in membership savings—₱73.74 billion of which were voluntarily saved under Upgraded and MP2 Savings—and disbursed ₱70.33 billion in cash loans to assist more than 3.2 million members. 'Truly, when Pag-IBIG Fund performs well, our members benefit the most,' Acosta said. 'We take great pride in our record-high achievements in 2024, which reflect our commitment to helping members achieve their dream of homeownership, find relief in trying times, and save for a brighter future. We remain steadfast in safeguarding our members' contributions and ensuring they yield the best possible returns—because our members deserve nothing less than the highest level of public service and the most prudent stewardship of their hard-earned savings.'
