The Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is extending below-market housing loan rates and maintaining its higher loan ceiling, leveraging its strong financial position to keep homeownership affordable for Filipinos, according to Philstar Biz.
The promotional rates, combined with a higher loan ceiling, are expected to reduce monthly payments for borrowers. Pag-IBIG Fund officials highlighted that the initiative aims to support Filipino workers amid rising costs of living and construction materials.
The fund’s strong financial standing allows it to offer these rates without compromising its sustainability. The move is part of broader government efforts to boost homeownership and stimulate the housing sector.