Pag-IBIG home loans hit record-high P126 billion in 2023 | ABS-CBN
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Pag-IBIG home loans hit record-high P126 billion in 2023
Pag-IBIG home loans hit record-high P126 billion in 2023
ABS-CBN News
Published Feb 08, 2024 05:36 PM PHT
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Updated Jul 30, 2024 02:06 PM PHT
MANILA -- The Pag-IBIG Fund released P126.04 billion in home loans in 2023, the agency said Tuesday.
MANILA -- The Pag-IBIG Fund released P126.04 billion in home loans in 2023, the agency said Tuesday.
This is up by 7 percent or P8.19 billion from the P117.85 billion released in 2022, and a record high for the state-owned corporation.
This is up by 7 percent or P8.19 billion from the P117.85 billion released in 2022, and a record high for the state-owned corporation.
Pag-IBIG said this paid for 96,848 housing units.
Pag-IBIG said this paid for 96,848 housing units.
Department of Human Settlements and Urban Development Secretary Rizalino Acuzar said 11,257 or 12 percent of these are socialized housing units, which means these are now owned by members from the minimum-wage and low-income sectors.
Department of Human Settlements and Urban Development Secretary Rizalino Acuzar said 11,257 or 12 percent of these are socialized housing units, which means these are now owned by members from the minimum-wage and low-income sectors.
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Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the agency has maintained its low interest rates despite the strong demand for their home loans.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the agency has maintained its low interest rates despite the strong demand for their home loans.
“We expect to maintain the affordability of our home loans, especially since we have more funds to address the increasing demand for home financing from our members with the implementation of our new monthly savings rates this February," they said.
“We expect to maintain the affordability of our home loans, especially since we have more funds to address the increasing demand for home financing from our members with the implementation of our new monthly savings rates this February," they said.
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