Update on Pag-IBIG Fund Total Savings of Members in 2021
PAG-IBIG FUND TOTAL SAVINGS – The government agency revealed some details regarding the total savings of members in 2021.
There are several government agencies in the Philippines with many offers to their members most especially during emergency circumstances like calamities. One of these state-run firms is the Pag-IBIG Fund.
Standing for Pagtutulungansa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno, Pag-IBIG is mainly known for its housing loan offers. It aims to provide affordable options to its members to attain their target residential property. Many Filipino families were able to acquire their homes with the help of the government agency.
How to acquire a residential property with the help of Pag-IBIG Fund? You may apply for a loan. The offer is up even to low-income earners thus you can be assured of lite monthly installments.
Aside from the housing loan offers, Pag-IBIG Fund has several other offers including a multi-purpose loan offer. You may apply for it to fund a project, to make a big purchase, to pay for your kids’ tuition, etc. under the same loan.
The Pag-IBIG Fund also has a calamity loan offer. Thus, it is one of the turn-tos of its members in times of devastation brought by typhoons, earthquakes, or any other natural calamities.
To avail the said offers, you must qualify in terms of the required Pag-IBIG Fund total savings or contributions. Every year, the government agency releases details regarding its annual collection.
Recently, the Pag-IBIG Fund total savings reached a record-high P63.7 billion. It is the highest record so far with a 32% jump from last year’s total savings which was at P48.18 billion. In 2019, the government agency collected a total of P50.38 billion.
You may also visit – PAG-IBIG FUND LOANS – Full List of Loans Offered By Pag-IBIG Fund
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