Update on Pag-IBIG Home Loans Releases Early this Year
PAG-IBIG HOME LOANS – The Pag-IBIG Fund posted an update regarding its releases in the first quarter of the year 2022.
Among the many government agencies in the Philippines, the one that Filipinos turn to for assistance in acquiring a residential property is Pag-IBIG Fund. It actually has several loan offers for its members.
Members of Pag-IBIG Fund contribute a certain amount every month to keep their membership active. Accumulated savings enables a member’s application to for several offers from the government agency including its loan offers. Truth be told that many Filipinos acquired a house or were helped during emergency times by the government agency as they are active members.
The most popular offers are the Pag-IBIG Home Loans. A lot of Filipinos prefer getting a residential property through their Pag-IBIG accounts for a light monthly installment basis of payment.
From time to time, Pag-IBIG posts updates regarding its releases for home loan applications. The issuance of updates is usually done every end of a quarter.
Recently, an update about the releases for Pag-IBIG Home Loans for the first quarter (Q1) of 2022. According to the government agency, it released a record-high amount of Php 24.2 billion for home loans.
The said release is 16% higher or Php 3.26 billion higher compared to the Php 20.94 billion that was released during the same period in 2021. Pag-IBIG Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustee head and Secretary Eduardo del Rosario stressed that the high release signifies that a lot of people were helped in obtaining a residential property.
Furthermore, to count, the loan releases were able to assist 22,210 members of Pag-IBIG Fund in getting their own house and lot. This quarter’s release is another record-breaking move in the agency.
You may also visit – Apply for Pag-IBIG Housing Loan Offer for Minimum Wage Earners (STEPS)
How to apply for pag ibig housing lian for a minimum wage salary. how to pay and the cost per monthly