News

Pag-IBIG housing loans rise 7.5% to P30 billion in Q1

MANILA, Philippines — The Home Development Mutual Fund, commonly known as Pag-IBIG Fund, released P30 billion in housing loans in the first quarter for over 20,000 members. In a statement, Pag-IBIG said home loans expanded by 7.5 percent to P30.22 billion from January to March compared to the previous year’s P28.09 billion. The first quarter home loans represent 19 percent of the...

Read more

Pag-IBIG Fund seeks more developer partnerships this year

THE Home Development Mutual Fund, or Pag-IBIG Fund, said it hopes to partner with more housing developers this year to broaden the availability of housing units and meet its target of extending P156.86 billion in housing loans in 2025. “We intend to tap new developers, those who are not yet accredited. There are thousands of development projects around the country,” Alexander H. Agu...

Read more