The Home Development Mutual Fund, or Pag-IBIG Fund, has launched a new cash assistance program for urgent needs to help its members cope with rising household expenses amid the Middle East war, Philstar Biz reported.
The program aims to provide immediate financial relief to qualified members facing emergencies or increased expenses. Details on loan amounts, interest rates, and repayment terms are expected to be released by the agency in the coming days.
The launch comes as global oil prices remain elevated due to the US-Iran conflict, affecting fuel and commodity costs in the Philippines. Pag-IBIG's cash assistance is seen as a government effort to ease the burden on its millions of members nationwide.