Pag-IBIG Fund: Members can borrow up to 80% of savings
HOME financing agency Pag-IBIG Fund’s Region I office that it has multipurpose loans (MPL) it can offer to its members
Members can apply for MPL up to 80% of their regular savings at a low interest rate for a maximum term of three years. For calamity loans, members residing in areas declared under a state of calamity are eligible to borrow up to 80% of their regular savings, with an interest rate of 5.95% per annum.
Pag-IBIG Fund Officer Rachael Gallano announced that a payment moratorium on housing loans has also been implemented in disaster-affected areas of the region.
In addition, the Pag-IBIG Fund offers health and education loans as well as housing loan insurance for properties affected by storms. Support is also available for members with monthly incomes below P12,000 in provincial areas and P15,000 in the National Capital Region who wish to avail themselves of socialized housing units under the National Housing Program for the Filipino People (4PH).
Gallano noted that the region has a high collection efficiency for its loan programs.
The Ilocos region has a total of 334,464 Pag-IBIG members, with 42,901 in Ilocos Norte, 51,272 in Ilocos Sur, 70,460 in La Union, and 169,831 in Pangasinan. (Ahikam Pasion)
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