Pag-IBIG approves P12B funding for over 9,000 4PH housing units

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January
2024

Pag-IBIG Fund has approved a P12-billion revolving credit line for the National Housing Authority (NHA), adequate to finance the development of 9,110 housing units, with an initial 6,967 homes to be built in Quezon City, Valenzuela, Zamboanga and San Juan as part of the government’s Pambansang Pabahay para sa Pilipino Housing or 4PH Program, top officials announced Wednesday (20 December).

“We are happy to report that the Pambansang Pabahay para sa Pilipino Program of the Marcos Administration continues to gain momentum. Pag-IBIG Fund’s approval of a revolving credit line for its fellow key shelter agency, the National Housing Authority, not only shows the government’s united front in addressing the housing backlog but also shows our shared commitment to provide our fellow Filipinos with decent yet affordable shelter in sustainable communities,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

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Pag-IBIG Fund’s revolving credit line for the SHFC shall finance the construction of medium and high-rise condominiums under the 4PH program consisting of 996 units in San Fernando City, Pampanga, 352 units in Tondo, Manila, 416 units in Tagoloan, Misamis Oriental and 500 units in Davao City. To ensure the proper and efficient use of funds, the revolving credit line contains safeguards which include the corresponding loan collaterals provided by the SHFC, a maximum payment term of three (3) years and provisions ensuring the release of funds for the intended projects.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, stated that Pag-IBIG Fund’s credit line for the SHFC is part of its commitment to the Marcos Administration’s efforts of addressing the housing backlog under the 4PH Program.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, stated that Pag-IBIG Fund’s credit line for the NHA is part of its commitment to the Marcos Administration’s efforts of addressing the housing backlog under the 4PH Program.

“Since day one, Pag-IBIG Fund has provided its full support to President Marcos’ 4PH Program as it aligns with our mandate of providing our members with the opportunity to own a home. With the housing projects under the 4PH Program, not only will Pag-IBIG Fund members have the opportunity to own quality homes at lower-than-market prices, they may also purchase these under the most affordable terms through a Pag-IBIG Housing Loan under the 4PH program. We are happy to be able to work with the NHA and provide added funding for their housing projects under the most secure and affordable terms, so that we can advance our common objective of empowering our fellow Filipinos to achieve homeownership,“ Acosta said.

Last week, Pag-IBIG Fund announced that it approved a P929-million revolving credit line for the Social Housing Finance Corporation (SHFC) to finance the construction of 2,264 4PH housing units in Pampanga, Manila, Misamis Oriental, and Davao. (END)

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Over 2,200 homes to rise in Pampanga, Manila, Misamis Oriental, and Davao as Pag-IBIG approves funding for 4PH Projects

22

December
2023

A total of 2,264 housing units are set to rise in Pampanga, Manila, Misamis Oriental, and Davao City as Pag-IBIG Fund approved a P929-million revolving credit line for the Social Housing Finance Corporation (SHFC) to fund housing projects under the government’s Pambansang Pabahay para sa Pilipino Housing or 4PH Program, Pag-IBIG Fund’s top officials announced Friday (15 December).

“I am happy to report that our key shelter agencies remain united in their mission of bringing opportunities for homeownership closer to our fellow Filipinos, especially the underserved. With Pag-IBIG Fund’s approval of a revolving credit line for the SHFC, we are now better equipped to provide our informal settler families (ISFs) with affordable housing in a safe environment under secured communities, which is what we envision under the 4PH Program of President Ferdinand R. Marcos, Jr.,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

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Pag-IBIG Fund’s revolving credit line for the SHFC shall finance the construction of medium and high-rise condominiums under the 4PH program consisting of 996 units in San Fernando City, Pampanga, 352 units in Tondo, Manila, 416 units in Tagoloan, Misamis Oriental and 500 units in Davao City. To ensure the proper and efficient use of funds, the revolving credit line contains safeguards which include the corresponding loan collaterals provided by the SHFC, a maximum payment term of three (3) years and provisions ensuring the release of funds for the intended projects.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, stated that Pag-IBIG Fund’s credit line for the SHFC is part of its commitment to the Marcos Administration’s efforts of addressing the housing backlog under the 4PH Program.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, stated that Pag-IBIG Fund’s credit line for the SHFC is part of its commitment to the Marcos Administration’s efforts of addressing the housing backlog under the 4PH Program. Acosta said. (END)

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Pag-IBIG Fund wins three Gold Stevie Awards in Rome, New York

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December
2023

Pag-IBIG Fund’s service innovations using digital and social media, publication to communicate its 40-year legacy, and excellence in leadership won three (3) Gold Stevie Awards during the recently held International Business (Stevie) Awards in Rome, Italy and the Stevie Awards for Women in Business in New York City, USA.

Winning two Gold Stevie Awards at the International Business Awards held in Rome were the Pag-IBIG Fund Official Facebook Page and The Lingkod Pag-IBIG Coffee Table Book. The agency’s social media page was hailed as the Most Innovative Facebook Page for reflecting Pag-IBIG Fund’s efforts in advancing digital engagement among members, while its coffee table book was lauded in the Company History Publication category for ably showcasing the dedication of agency’s workforce which shaped its 40-year history.

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Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta capped the agency’s three-gold haul by winning the Gold Stevie for Female Executive of the Year at the Stevie Awards for Women in Business in New York City. This recognition comes after Acosta was recognized last month as a Circle of Excellence Awardee, Woman Leader of the Year, by the 2023 Asia CEO Awards.

The awards bring the number of local and international recognitions gained by Pag-IBIG Fund for the year 2023 to ten. These wins span various categories which include service, communications and leadership excellence.

Earlier this year, Pag-IBIG Fund’s service excellence was lauded in the international stage as its mobile service branch, the Lingkod Pag-IBIG on Wheels, won at the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Awards held in Kazakhstan, and the ASEAN Social Security Association (ASSA) Awards held in Malaysia. The mobile branch’s vital role in extending Pag-IBIG Fund benefits to all Filipino workers across all sectors, and in promoting financial inclusion and development, made it stand out in the Asia-Pacific region. Pag-IBIG Fund also won a Silver Award for the Best Government PR Team at the ASEAN Public Relations Network (APRN) PR Excellence Awards in Vietnam.

At the heart of all these achievements is Pag-IBIG Fund's guiding principle, Tapat na Serbisyo, Mula sa Puso – a promise to provide honest and heartfelt service to the Filipino worker. This year's wins are not just awards but affirmations of the agency’s enduring commitment to serve with integrity, professionalism, and excellence.

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Pag-IBIG Calamity Loan ready for members affected by Mindanao Quake and Eastern Visayas Floods

12

December
2023

Pag-IBIG Fund announced on Friday (24 November) that the agency’s calamity loan is ready to help members affected by the Southern Mindanao earthquake and Eastern Visayas Floods.

“Pag-IBIG Fund has allocated calamity loan funds to help affected members in Saranggani, Davao Occidental, Glan, Sarangani Province, General Santos City and other parts of Mindanao, as well as Eastern Samar, Northern Samar and distressed areas in Eastern Visayas recover from the devastation caused by last week’s earthquake and floods. We are also working closely with local government units in these areas, in line with the call of President Ferdinand Marcos, Jr. to extend all the necessary help to our fellow Filipinos in these calamity-hit areas,” said Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development and Chairperson of the 11-member Pag-IBIG Fund Board of Trustees.

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“We are happy to report that Pag-IBIG Fund continues to provide Filipino workers with assistance on their immediate financial needs through our cash loans. The record-high amount of loans we released, as well as the highest ever number of members aided through these loan program, show that our short-term loans are among the top choices of Filipino workers in gaining additional funds for their needs. All these are part of our efforts in heeding the call of President Ferdinand Marcos, Jr. to provide the best service to the Filipino people,”said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund’s Short-Term Loan Program includes the agency’s Multi-Purpose Loan (MPL) and Calamity Loan. Under the Pag-IBIG MPL, qualified members can borrow up to 80 percent of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned. The proceeds can be used to pay for tuition fees, medical expenses, minor home improvement, a family trip, or even serve as business capital. Borrowers may choose between a 24 or 36-month payment term, with the first payment deferred for two months. The Pag-IBIG Calamity Loan, on the other hand, is available to members residing or working in areas declared under a state of calamity. In the past years, the agency has returned more than 90 percent of its income, mostly derived from interest on loans, to members in the form of dividends.

Of the total amount of cash loans released by the agency, P48.32 billion were in the form of Pag-IBIG MPLs which helped 2,131,435 members, while P2.48 billion were in the form of Calamity Loans which in turn aided 149,607 members.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, cited the reliability and ease of access in availing the Pag-IBIG’s Short-Term Loans as the main drivers for its strong growth. She further noted that with more members applying for loans using the Virtual Pag-IBIG, the amount of cash loans released by the agency in January to October from online applications surged to P16.65 billion, an increase of P6.51 billion or a 64% increase year-on-year.

“We at Pag-IBIG Fund recognize that each and every year, millions of our members rely on our Pag-IBIG MPL for their immediate financial needs. That is why we have made the application for our cash loans more accessible and easier for our members. Today, our members can easily and conveniently apply for these loans through many channels, which include their employers or at any of our more than 200 branches nationwide. Members may now also apply for a cash loan anytime, anywhere by using our online channels, the Virtual Pag-IBIG or the Virtual Pag-IBIG Mobile App. Our members can rest assured that our programs shall always be reliable, and that we shall continuously find ways to make their benefits accessible them,”Acosta said. (END)

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Pag-IBIG sets records anew, releases nearly P51B in cash loans

21

November
2023

Pag-IBIG Fund disbursed P50.79 billion in cash loans in the last ten months, breaking its record for the highest amount of cash loans released for any January to October period. The amount released benefitted 2,281,042 Pag-IBIG Fund members, also a record high.

From January to October, the amount of short-term loans released by the agency increased by 12 percent or P5.5 billion compared to the P45.29 billion released during the same period in 2022. The number of members assisted through the program also increased by 6 percent or 127,494 more than the 2,153,548 members from the previous year as more members utilized the agency’s online channel, the Virtual Pag-IBIG, to apply for cash loans. During the period, 743,362 members filed their loans online, an increase of 266,281 borrowers or 56% percent year-on-year.

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“We are happy to report that Pag-IBIG Fund continues to provide Filipino workers with assistance on their immediate financial needs through our cash loans. The record-high amount of loans we released, as well as the highest ever number of members aided through these loan program, show that our short-term loans are among the top choices of Filipino workers in gaining additional funds for their needs. All these are part of our efforts in heeding the call of President Ferdinand Marcos, Jr. to provide the best service to the Filipino people,”said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund’s Short-Term Loan Program includes the agency’s Multi-Purpose Loan (MPL) and Calamity Loan. Under the Pag-IBIG MPL, qualified members can borrow up to 80 percent of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned. The proceeds can be used to pay for tuition fees, medical expenses, minor home improvement, a family trip, or even serve as business capital. Borrowers may choose between a 24 or 36-month payment term, with the first payment deferred for two months. The Pag-IBIG Calamity Loan, on the other hand, is available to members residing or working in areas declared under a state of calamity. In the past years, the agency has returned more than 90 percent of its income, mostly derived from interest on loans, to members in the form of dividends.

Of the total amount of cash loans released by the agency, P48.32 billion were in the form of Pag-IBIG MPLs which helped 2,131,435 members, while P2.48 billion were in the form of Calamity Loans which in turn aided 149,607 members.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, cited the reliability and ease of access in availing the Pag-IBIG’s Short-Term Loans as the main drivers for its strong growth. She further noted that with more members applying for loans using the Virtual Pag-IBIG, the amount of cash loans released by the agency in January to October from online applications surged to P16.65 billion, an increase of P6.51 billion or a 64% increase year-on-year.

“We at Pag-IBIG Fund recognize that each and every year, millions of our members rely on our Pag-IBIG MPL for their immediate financial needs. That is why we have made the application for our cash loans more accessible and easier for our members. Today, our members can easily and conveniently apply for these loans through many channels, which include their employers or at any of our more than 200 branches nationwide. Members may now also apply for a cash loan anytime, anywhere by using our online channels, the Virtual Pag-IBIG or the Virtual Pag-IBIG Mobile App. Our members can rest assured that our programs shall always be reliable, and that we shall continuously find ways to make their benefits accessible them,”Acosta said. (END)

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Pag-IBIG collections up to P67B in Q3 as more members increase savings

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October
2023

Pag-IBIG Fund members collectively saved P66.73 billion during the first nine months of 2023, up by P6.3 billion or 10% year-on-year, as more members contributed more than the required Pag-IBIG monthly savings, agency officials announced Monday (23 Oct).

"We are happy that more Filipino workers are saving with Pag-IBIG Fund. The trust and confidence in our savings programs continue to grow as proven by our record-high members’ savings collections in January to September 2023. This is good news because the increase in the savings collected shall allow us to finance the increasing demand for our home loans and short-term loans, and thus allow us to serve more members. This is in line with the directive of President Marcos to provide financial access to better the future of every Filipino,”said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

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Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the collections from the agency’s mandatory Regular Savings and voluntary MP2 Savings both increased during the period and have posted new record-highs.

Collections from the Pag-IBIG Regular Savings amounted to P31.6 billion, an increase of 7% from the P29.6 billion from the same period last year. The amount includes P7.69 billion in upgraded savings from members, or savings which members have voluntarily entrusted with Pag-IBIG Fund on top of the required monthly savings. The agency’s MP2 Savings, on the other hand, sustained its popularity as collections reached P35.13 billion, a 14% increase from the P30.81 billion collected as of September last year.

“The record-high in members’ savings we collected from January to September this year shows the wider appreciation of our members on the benefits of saving with Pag-IBIG Fund. We are grateful that the biggest growth areas in our savings collections come from our voluntary MP2 Savings and from members who save more than their mandated monthly savings,”Acosta said.

“We recognize that our members’ trust in our programs stems from how we have gained competitive returns on their savings over the past many years. We highly value that trust and that is why we assure them that we shall continue to prudently manage their hard-earned savings. That is the Lingkod Pag-IBIG way,”Acosta added.

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Pag-IBIG home loans reach P88.3B in Q3 as demand continues to rise

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October
2023

Home loan releases of Pag-IBIG Fund in the last three quarters have grown to P88.30 billion as demand remains strong, agency officials announced Wednesday (11 October).

The amount of home loans released grew by almost P5 billion or 6 per cent compared to the P83.31 billion in home loans released in the same period last year. The amount financed 68,211 housing units and now stands as the highest released by the agency for any January to September period.

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"Pag-IBIG Fund remains at the forefront in home financing as it accounts for nearly 40% of the total home mortgages in the country. This shows that it continues to fulfill its mandate, not only by providing affordable home financing to Filipino workers, but also by effectively stimulating the housing industry. These are all in line with the call of President Ferdinand Marcos, Jr. to provide our fellow Filipinos with better and dignified lives,"said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Out of the total amount, Acuzar added that P3.49 billion were released as socialized home loans for the benefit of 8,216 Pag-IBIG Fund members belonging to the minimum-wage and low-income sectors.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, expects that demand for the agency’s home loans shall remain high particularly during the last quarter of the year when the market’s behavior to secure home financing is at the highest.

“Our home loan releases amounting to P88.30 billion in the last nine months alone have already surpassed the annual releases since Pag-IBIG Fund's inception up to 2019. And, by the end of the year, we are optimistic that our home loan releases may even reach P130 billion,”she stated.

“We thank our members for choosing the Pag-IBIG Housing Loan to achieve their dream of owning a home. That is why we shall do all that we can to maintain our low interest rates so that we can enable more Filipino workers become homeowners under the most affordable terms,”Acosta added.

In total, Pag-IBIG Fund has already approved P111.35 billion in home loans from January to September to finance the acquisition of 83,063 housing units. This includes P23.05 billion in approved loans for 14,852 borrowers which are ready for release upon their submission of post-approval requirements. (end)

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Over 13K delivery riders now have Pag-IBIG

06

October
2023

In a span of only three months after Pag-IBIG Fund entered partnerships with the country’s top transport networks to provide better access to its membership, 13,128 delivery drivers and riders have registered as Pag-IBIG members and now enjoy the agency’s benefits.

“We are very happy that a growing number of delivery riders are now part of the more than 15.6 million active members of Pag-IBIG Fund. As members of Pag-IBIG Fund, they now have secure savings and shall gain access to our affordable home loans. This is in line with our efforts to provide inclusive housing to all Filipino workers under the Pambansang Pabahay para sa Pilipino Housing or 4PH Program of President Ferdinand R. Marcos, Jr.,” said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

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Earlier this year, Pag-IBIG Fund partnered with transport network & app-based courier companies Angkas, foodpanda, Grab, Lalamove and Pick-A-Roo. With the partnerships, delivery riders are provided better access to Pag-IBIG Fund membership to allow them to enjoy the agency’s benefits that include its Regular and MP2 Savings, short-term cash loans, affordable home loans and the Pag-IBIG Loyalty Card Plus.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, expects that the number of delivery riders who shall become Pag-IBIG Fund members will continue to rise, especially with the agency’s ongoing Pag-IBIG Asenso Rider Raffle Promo, a special raffle promo for delivery riders.

“We remain committed to our mandate of bringing the benefits of Pag-IBIG Fund membership to more Filipino workers. This includes our delivery riders, whose service have become vital in our daily lives. That is why in addition to bringing them better access to Pag-IBIG Fund membership, we are also providing our delivery riders the opportunity to win special prizes to help them with their livelihood with the Pag-IBIG Asenso Rider Raffle Promo. All these are among the many ways how we bring our Lingkod Pag-IBIG Brand of Service – Tapat na Serbisyo, Mula sa Puso - to our members,”Acosta added.

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Pag-IBIG Members save record-high P59.52B in Aug 2023, up 11%; MP2 Savings reach P31.50B, up 16%

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September
2023

Pag-IBIG Fund members collectively saved P59.52B in January to August this year, growing 11.45 percent year-on-year and setting a new record for the highest amount saved by members for any January to August period.

"We are happy to see that more Filipino workers recognize the importance of saving and are choosing to save with Pag-IBIG Fund. The record high in Pag-IBIG members’ savings collected from January to August 2023 shows their continuing trust and confidence in us and in our programs. This is good news because as our collection increases, the more funds we are able to utilize for the benefit of our members who seek to apply for home loans and short-term loans. All these are in line with the directive of President Ferdinand Marcos Jr. to improve the Filipino workers’ access to finance,” said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

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Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the growth in members’ savings collected were seen in both the agency’s mandatory Regular Savings and its voluntary MP2 Savings.

Collections for the Pag-IBIG Regular Savings reached P28.03 billion, a 7 percent increase from the P26.16 billion collected during the same period in 2022. On the other hand, the agency’s popular MP2 Savings reached P31.50 billion, a 16 percent increase from the P27.25 billion collected in January to August last year. In 2022, the Pag-IBIG Regular Savings earned an annual dividend rate of 6.53%, while the MP2 Savings posted an annual return rate of 7.03%.

“The continued growth of our members’ savings is truly remarkable. We are grateful to the business community for responsibly remitting the Pag-IBIG contributions of their employees and their counterpart share on time. We are also thankful to our members for their trust in saving with Pag-IBIG - by saving more than the required P100 monthly contribution under the Pag-IBIG Regular Savings, and by continuing to save in our MP2 Savings. This trust is clearly displayed by the amount voluntarily saved by our members, which has in fact surpassed the amount of mandatory savings we have collected. That is why we remain steadfast in our commitment to prudently and excellently manage each and every hard-earned peso that our members have entrusted us, and provide their savings with the best possible returns,“Acosta said. (END)

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Pag-IBIG cash loan ready to provide financial assistance to members as school season begins

14

August
2023

Pag-IBIG Fund officials announced on Wednesday (09 August) that its cash loan, the Pag-IBIG Multi-Purpose Loan, is ready to assist members with their school-related fees as the academic season starts this month.

As of June this year, the agency has assisted 1,182,996 members with their financial needs with the release of cash loans totaling a record high P26.17 billion. Of this amount, 13.8% or P3.61 billion were released to aid 134,140 members with tuition and enrolment fees, and other school-related expenses.

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“We at Pag-IBIG Fund recognize that many of our members rely on us for immediate financial assistance. This becomes more prevalent when school season begins. That is why we are always ready to assist our members, particularly those seeking funds to address school-related expenses with our Pag-IBIG Multi-Purpose Loan. All these efforts are in line with the call of President Ferdinand Marcos, Jr. to provide our fellow Filipinos the means to gain better and dignified lives,” said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund’s Multi-Purpose Loan or MPL is the agency’s affordable and easily accessible cash loan. Under the Pag-IBIG MPL, qualified members can borrow up to 80 percent of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned. Loan processing is as fast as 3 days, with the loan conveniently credited to the borrower’s Pag-IBIG Loyalty Card Plus. The proceeds can be used to pay for tuition fees and other school-related expenses, as well as medical expenses, minor home improvement, or even serve as capital for small businesses. The loan is payable in 24 or 36 monthly installments, with the first payment deferred for two months. The Pag-IBIG MPL comes at an interest rate of 10.5 percent per year. In the past years, the agency has returned more than 90 percent of its income, mostly derived from interest on loans, to members in the form of dividends.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, said that Pag-IBIG Fund understands the plight of Filipino workers particularly those who seek funds to provide family members with formal education. She added that the agency has made its cash loan more accessible with its more than 200 branches, its online facility Virtual Pag-IBIG, and the Virtual Pag-IBIG mobile app, ready to accept loan applications from members.

“The Pag-IBIG MPL can be used to pay for tuition and school-related fees. Pag-IBIG Fund believes that education is one of the keys to a brighter future and a better life. We aim to aid parents in securing these for their children and hopefully, we can contribute to bettering the lives not just of the individual Filipino worker but their families as well. These are all part of our Lingkod Pag-IBIG, Tapat na Serbisyo, Mula sa Puso," Acosta said. (END)

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Pag-IBIG Calamity Loan ready for members affected by Typhoons Egay and Falcon

2

August
2023

Pag-IBIG Fund announced on Tuesday (02 August) that the agency has allocated P3 billion in calamity loan funds to help members affected by Typhoons Egay and Falcon.

“Pag-IBIG Fund has allocated calamity loan funds to help affected members in Ilocos Norte, Ilocos Sur, La Union, Pangasinan, the Cordillera Administrative Region (CAR), Bulacan, Pampanga, Bataan, and Cavite, recover from the devastation caused by Typhoons Egay and Falcon. We are also working closely with local government units in these areas, as we heed the call of President Ferdinand Marcos, Jr. to provide our fellow Filipinos in these calamity-hit areas with all the necessary assistance,” said Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development and Chairperson of the 11-member Pag-IBIG Fund Board of Trustees.

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Under the Pag-IBIG Calamity Loan, eligible members may borrow up to 80% of their total Pag-IBIG Savings, which consist of their monthly contributions, the counterpart employer’s contributions, and accumulated dividends earned. And in consideration of the plight of the members, the loan is offered at a rate of 5.95% per annum, which is the lowest rate in the market. The loan is payable over a period of up to three years, with a grace period of three months so that the initial payment is due only on the fourth month after the loan is released. Qualified borrowers may apply for the calamity loan within 90 days from the date when an area has been declared under a state of calamity.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, stated that the agency has already released P709 million in calamity loans to help 41,873 members in calamity-hit areas in the country as of June this year. She added that Pag-IBIG branches in these areas remain open and are now coordinating with the local government units which have already declared states of calamity in their respective jursidictions, for the deployment of service desks and the agency’s mobile branch, the Lingkod Pag-IBIG OnWheels, to receive applications for calamity loans from members as well as insurance claims from current Pag-IBIG Housing Loan borrowers whose properties have been damaged due to the typhoon.

“When calamities strike, we at Pag-IBIG understand that our members in affected areas need immediate financial assistance. That is why we make sure that all our programs and services remain responsive and accessible to our members. Even while our offices and personnel in calamity-hit areas have also been affected by the typhoon, our branches remain open and are ready to receive loan applications and housing loan insurance claims. Our Lingkod Pag-IBIG on Wheels have also been deployed to typhoon-stricken areas in Ilocos Norte, Ilocos Sur, and La Union to further bring our services closer to our members who are most in need. And, for members who have internet access, the Virtual Pag-IBIG is ready to accept their calamity loan applications online. Our members can count on Lingkod Pag-IBIG to help them during these trying times,”

said Acosta. (END)

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Pag-IBIG home loan releases reach record-high P57.07B in H1, up 10%

2

August
2023

A week after being recognized by President Ferdinand R. Marcos, Jr. in his 2nd State of the Nation Address for its record high home loans in 2022, Pag-IBIG Fund has again set a new record in home loans released for the first half of 2023, the agency’s top officials announced Monday (July 31).

Pag-IBIG Fund released P57.07 billion in home loans from January to June this year, an increase of P5.11 billion or 10% compared to the P51.96 billion released during the same period in 2022.

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“Pag-IBIG Fund's performance in the first six months of 2023 in the home loan front now stands out as the best in our history. We are happy that the number of Filipino workers who were able to become homeowners through Pag-IBIG’s Housing Loan programs continues to grow. Inspired by President Marcos’s recognition of our efforts in his report to the people, we remain committed to his administration’s Pambansang Pabahay para sa Pilipino Housing or 4PH Program under the Bagong Pilipinas Campaign, in line with our united efforts of providing our fellow Filipinos access to decent, safe and affordable homes,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

Acuzar added that the amount of home loans released by the agency during the period enabled 44,414 members to acquire their own homes. He further noted that of this total number, 5,748 or 13% are Pag-IBIG Fund members from the minimum-wage and low-income sectors who are now homeowners after securing a total of P2.42 billion in socialized home loans.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, attributes the continued growth in the agency’s home loan releases to its sustained affordability. She further expressed optimism that home loans will maintain its growth in the second half of the year, with Pag-IBIG Fund further reducing home loan rates earlier this month.

“We at Pag-IBIG Fund always strive to provide our members, the Filipino workers, the means to have their own homes through affordable shelter financing. And, with our collections strong and our performing loans ratio high, we were able to further reduce the interest rates on our home loans and make it even more affordable. That is why we are optimistic that the excellent performance of our home loans will keep its pace for the rest of the year. More affordable home loans translate to more Filipinos turning their dreams of owning a home a reality,” Acosta said (END).

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Pag-IBIG Fund posts record high P20.61B income in H1 2023, up 11%

25

July
2023

Pag-IBIG Fund netted a record high income of P20.61 billion in the first half of 2023, the agency’s top executives announced on Thursday (July 20).

From January to June, Pag-IBIG Fund’s gross income reached P35.03 billion, while net income amounted to P20.61 billion. Compared to the same period last year, gross income grew by 12% or P3.80 billion while net income increased 11% or P2.05 billion, driven mainly by earnings from its housing and short-term (cash) loans, and investment portfolios.

Read more.

“I am happy to report that Pag-IBIG Fund’s performance this year remains strong. Our P20.61 billion net income during the first half of the year is the highest for any January to June period in our history. Our performance shows how excellently we are managing the funds that our members have saved with us. With our strong fiscalstanding, we remain in a strong position to finance more homes under the Pambansang Pabahay para sa Pilipino or 4PH Program, in line with the directive of President Ferdinand Marcos, Jr under the Bagong Pilipinas Campaign to help more Filipinos have better and more dignified lives,” said Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development (DHSUD), who erves as chairperson of the 11-member Pag-IBIG Fund Board of Trustees.

He also added that as of June, the agency’s total assets have already reached P873.15 billion, a 6% or P45.75 billion growth from the yearend 2022 level of P827.40 billion.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, emphasized that the increase in net income shall redound to the benefit of its members. She noted that under its charter, Pag-IBIG Fund is mandated to return at least 70% of its annual net income to its members in the form of dividends and returns, which are credited to their savings.

“Pag-IBIG Fund is owned wholly by its members - the Filipino workers. That is why as administrators of the Fund, it is our responsibility to manage their contributions wisely and excellently. With our second half projections on our loan releases, collections and performing loans ratio high, we are optimistic that we can maintain our financial performance and provide Filipino workers the best returns on their savings as well as the means to acquire their own homes through our affordable home financing," Acosta said (END).

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Pag-IBIG Fund lowers home loan rates

18

July
2023

Pag-IBIG Fund made home financing even more affordable for its members as the agency lowered the interest rates on its housing loan, top officials announced Tuesday (July 18).

“We are keenly aware of the need to provide affordable housing to our members who dream of having their own homes. With Pag-IBIG Fund’s strong performance and robust fiscal standing, we are happy to announce that we have reduced the interest rates on our housing loan, making homeownership even more attainable for all Filipino workers. This is in line with the directive of President Ferdinand Marcos, Jr. to address the country’s housing backlog and help our fellow Filipinos gain better and dignified lives under the Pambansang Pabahay para sa Pilipino Housing or 4PH Program,”said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Read more.

Under the new rates, the Pag-IBIG Housing Loan now carries a lower interest of 6.25 percent per annum under a 3-year repricing period from the previous 6.375 percent. Interest rates for the 5, 10, 15, 20, 25 and 30-year repricing periods have also been reduced to 6.5 percent from 6.625 percent, 7.125 percent from 7.375 percent, 7.75 percent from 8.00 percent, 8.50 percent from 8.625 percent, 9.125 percent from 9.375 percent and 9.75 percent from 10.00 percent, respectively. The new rates came to effect on July 01.

Meanwhile, the agency’s home loan rate under its 1-year repricing period remains at 5.75 percent per annum, while its special interest rate for home loans of minimum-wage earners under its Affordable Housing Program remains at 3 percent per annum, the lowest in the market.

According to Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, the agency was able to reduce its home loan rates due to its strong fiscal standing, record-high collections and high performing loans ratio.

“We at Pag-IBIG Fund take to heart our responsibility to provide our members with affordable home financing. With our performing loans ratio at a high 92.53% and collections from both membership savings and loan payments at a record-high, we are able to effectively fund the high demand for our home loans without the need to borrow from the market. As a result, we were able to reduce the interest rates on our housing loan, despite the upward market trend. This is truly Lingkod Pag-IBIG, Tapat na Serbisyo Mula Puso, at work,”Acosta added. (END)

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Pag-IBIG Fund earns COA’s highest audit rating for record 11th straight year

4

July
2023

Pag-IBIG Fund has earned the Commission on Audit’s highest audit rating on the presentation of its financial statements for the 11th consecutive year, top officials announced on Monday (July 03).

State auditors, in a letter dated June 22, informed Pag-IBIG Fund that it has rendered an unmodified opinion on the fairness of the presentation of its financial statements for the years 2021 and 2022. In the same letter, COA upgraded its prior issued modified opinion on the agency’s books for the year 2021, after Pag-IBIG Fund enhanced its data migration system following the state auditors’ recommendations. These developments have enabled the agency to maintain its streak of garnering COA’s highest audit rating for the 11th straight year.

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“This is truly a significant milestone in Pag-IBIG Fund’s history. Earning the highest opinion from COA for the 11th consecutive year is yet another proof that Pag-IBIG Fund has been, and continues to be, managed properly. This is a testament to how Pag-IBIG Fund upholds excellence and integrity in managing their funds, in the fulfillment of our mandates and in line with the directive of President Marcos of providing Filipinos with more stable and more prosperous lives,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

COA rendered unqualified opinions on Pag-IBIG Fund’s financial statements from 2012 to 2017 and unmodified opinions for the years 2018 to 2022. Auditors use both unqualified and unmodified opinions, which are the highest opinions that COA can give to a government agency or corporation, to mean that the financial statements of a company or agency are presented, in all material respects, in accordance with applicable financial reporting frameworks.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, emphasized the value of the state auditor’s findings citing that these fittingly complete the agency’s best performing year of 2022.

“The year 2022 stands out as our best performing year yet, as we posted our highest ever annual net income of P44.50 billion. We also posted record-highs in home loan takeout worth P117.85 billion which benefitted 105,212 members who now have new or better homes, membership savings collections amounting to P79.90 billion and loan payment collections worth P127.42 billion. We also extended P53.76 billion in short-term loans to aid a record-high 2,612,491 members with their financial needs. In the same year, we also launched service innovations such as the Virtual PagIBIG Mobile App and the Lingkod Pag-IBIG On Wheels, which now provide our members better access to our services and benefits.” Acosta said.

“With our 2022 performance capped by this unmodified opinion from COA, this shows that we have achieved our best performance ever while maintaining the highest standards of financial integrity. This is what our members and stakeholders can expect from us, that we shall remain transparent in our operations and serve them with excellence and integrity,”Acosta added. (END)

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Pag-IBIG home loan payments reach record-high P31.97B in Jan to May, up 15%; PLR climbs to 92.53%

27

June
2023

Pag-IBIG Fund’s performing loans ratio surged to 92.53% as top executives reported double digit growth in its housing loan payment collections in the first five months of the year.

From January to May, the agency collected P31.97 billion in home loan payments, which is 15 percent or P4.22 billion higher than the amount collected in the same period last year. The amount is also a record-high in terms of home loan payments collected by the agency for any January to May period.

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“We are happy to report that our total collections for the first five months of the year already stand as the highest in our history. Strong collections not only reinforce Pag-IBIG Fund’s financial sustainability, but also benefits our members because the amount we collect are then ploughed back to our housing portfolio so that more members can avail of our home loans. This is one of our ways of heeding President Ferdinand Marcos, Jr.’s call in solving the country’s housing backlog under the Pambansang Pabahay para sa Pilipino or 4PH Program,” said Secretary Jose Rizalino L. Acuzar, who heads both the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

Meanwhile, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta noted that because of the agency’s continued strong collections in home loan payments in the first five months of the year, Pag-IBIG Fund’s performing loans ratio continued its rise. From 90.69 percent as of December last year, the agency’s PLR has climbed 184 basis points to reach 92.53 percent as of May.

“We are grateful to our members for their efforts in fulfilling their payment obligations on their loans. Their on-time payments are clearly reflective of their trust in us as we continue to provide relevant programs and services to respond to their needs. Our strong collections and PLR would allow us to not only address the loan needs of our members, but also to keep our interest rates low despite the prevailing market conditions. These are all part of our Lingkod Pag-IBIG commitment to provide accessible and affordable home loans for each Filipino worker,” Acosta added. (end)

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Pag-IBIG releases nearly P16B in cash loans in Jan-Apr 2023; Over 700K members aided

08

June
2023

Pag-IBIG Fund released P15.82 billion in cash loans in the first four months of the year, an increase of 5% from the P15.10 billion released during the same period last year, agency officials announced Wednesday (07 June 2023).

The amount of Multi-Purpose Loans disbursed by the agency helped 728,653 members with their financial needs.

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“We at Pag-IBIG Fund exert all efforts in providing our members with assistance on their financial needs. We are happy to note that through our Pag-IBIG Multi-Purpose Loan, we were able to aid more than 700 thousand Filipino workers gain added funds to tend to their needs. All our efforts are in line with the call of President Ferdinand Marcos, Jr. to provide the best service to the Filipino people,” said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund’s Multi-Purpose Loan or MPL is the agency’s affordable and easily accessible cash loan. Under the Pag-IBIG MPL, qualified members can borrow up to 80 percent of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned. The proceeds can be used to pay for tuition fees, medical expenses, minor home improvement, a family trip, or even serve as capital for small businesses. The loan is payable in 24 or 36 monthly installments, with the first payment deferred for two months. The Pag-IBIG MPL comes at a low interest rate of 10.5 percent per year. In the past years, the agency has returned more than 90 percent of its income to its members in the form of dividends.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the agency now provides members with numerous ways to conveniently apply for a Pag-IBIG MPL through its more than 200 branches, its online facility Virtual PagIBIG found in its website, and the Virtual Pag-IBIG mobile app.

“Each year, over 2.5 million members rely on the Pag-IBIG MPL for their immediate financial needs. More than being a reliable source for cash, our MPL is now more accessible to members. In addition to applying for a loan by submitting their applications through their employers or at a Pag-IBIG branch, our members may now also apply for a Pag-IBIG MPL wherever they are, online, with the Virtual Pag-IBIG. This makes the Pag-IBIG MPL more reliable and more accessible than ever," Acosta said.

In total, the Pag-IBIG Fund released P16.44 billion in short term loans benefitting 766,258 members in January to April. This includes the amount released under the Pag-IBIG MPL and the P.62 billion in Pag-IBIG Calamity Loans it released to aid 37,605 members. (END)

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Members save record-high P27.51B in Jan-Apr 2023 in Pag-IBIG, up 10%; MP2 Savings reach P13.89B, up 14%

30

May
2023

Pag-IBIG Fund members saved P27.51 billion during the first four months of 2023, growing 10 percent year-on-year and setting a new record for the highest amount saved by members for any January to April period.

Read more.

"We are happy that Filipino workers are saving more with Pag-IBIG Fund. Their trust and confidence in our savings programs continue to grow as proven by our record-high members’ savings collections for January to April. This is good news because the increase in the savings collected shall allow us to finance the increasing demand for our home loans, in line with our objectives under the Pambansang Pabahay para sa Pilipino Housing or 4PH Program of President Ferdinand Marcos, Jr.,” said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, said that the increase in savings was not confined to the mandated PagIBIG Regular Savings of its members. Acosta also attributed the recordhigh collections to the continued popularity of the agency’s Modified PagIBIG 2 (MP2) Savings Program. The amount voluntary saved by members under its MP2 Savings in the first four months have already reached P13.89 billion, which is 14% higher than the P12.14 billion saved by members during the same period last year, and is also a new record-high.

The MP2 Savings is Pag-IBIG Fund’s voluntary savings program that yields higher dividends compared to the agency’s Regular Savings program. The program has a 5-year maturity period and a minimum savings requirement of only P500. The MP2 Savings is also open to retirees and pensioners who are former Pag-IBIG Fund members. For 2022, the savings program earned an annual return rate of 7.03%, the highest since the pandemic.

“Our MP2 Savings Program continues to grow at a strong pace. We thank our members for their continued support and enduring trust in our MP2, as well as in our Regular Savings program. We are even more grateful that the biggest growth areas in our savings collections come from our voluntary MP2 Savings Program and from members who save more than their mandated monthly savings. The new record-high in total members’ savings we collected from January to April of this year show the deeper appreciation of our members on the benefits of saving with Pag-IBIG Fund,” Acosta added. (END)

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Pag-IBIG Fund finances 2,968 homes for low-wage earners in Q1 2023

10

May
2023

Pag-IBIG Fund has financed 2,968 socialized homes for minimum-wage and lowincome members in the first three months of 2023, its top executives said Tuesday

Socialized home loans make up 14% of the 21,870 units financed by the agency from January to March this year. Meanwhile, the amount of socialized home loans represents 5%, or P1.26 billion out of the P27.57 billion home loans released by the agency for the period.

Read more.

"“We always emphasize inclusivity as a major pillar in the implementation of the Pambansang Pabahay para sa Pilipino Housing or 4PH Program. With the Pag-IBIG Affordable Housing Program, we provide the unserved and underserved sectors, particularly low-wage earners in our country, the opportunity to own a home. All these are in line with the directive of President Ferdinand R. Marcos, Jr. to provide our fellow Filipinos with better and dignified lives,” said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

The Pag-IBIG Fund’s Affordable Housing Program (AHP) is for members from the low-income and minimum-wage sectors who earn up to P15,000 a month in the National Capital Region (NCR), and up to P12,000 per month outside the NCR. Under the AHP, borrowers enjoy a subsidized rate of 3% per annum for home loans of up to P580,000 for socialized subdivision projects, and up to P750,000 socialized condominium projects.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said that the AHP’s special rate of 3% per annum – a rate that the agency has provided for low-income members since May 2017 – remains the lowest in the market. The loan program also features a 100% loan-to-value ratio allowing borrowers to enjoy equity-free purchase

“Our approach to home financing has always been comprehensive. We exert all efforts to make our programs responsive to the needs of our members. That is why we have a special home financing program for our low-income members. With the AHP, the monthly payment for a socialized housing unit is as low as P2,445.30, which is lower than the cost of rent in most parts of the country. And, qualified borrowers will never have to put out cash for equity, truly making homeownership within their reach. That is the Lingkod Pag-IBIG brand of service,” Acosta added. (END)

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Pag-IBIG home loan releases reach record-high P27.57B in Q1 2023, up 14%

24

April
2023

Pag-IBIG Fund released a record-high P27.57 billion in home loans during the first quarter of 2023, an increase of P3.36B or 14% compared to the P24.21 billion released during the same period in 2022, its top officials announced on Monday (April 24).

Read more.

“We are happy to report that we have started the year strong by posting a new record-high in home loan releases for the first three months of 2023. This means that more Filipino workers have been helped by Pag-IBIG Fund in acquiring their own homes. All these are part of our efforts under President Marcos’ Pambansang Pabahay para sa Pilipino Housing or 4PH Program to move forward in solving the housing backlog of our country,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

Acuzar added that the amount of home loans released by the agency during the first quarter enabled 21,870 members to acquire their own homes. He further noted that out of this total number, 2,968 or 14% are Pag-IBIG Fund members from the minimum-wage and low-income sectors who were able to secure a total of P1.26 billion in socialized home loans.

Meanwhile, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta noted that the agency’s performance at the start of the year shows that it has sustained the momentum of its record-high achievement in 2022, when it released a record-high P117.85 billion in home loans for the year and surpassed the one-trillion peso level in total home loan releases since its inception.

“After coming off our best-performing year in 2022, we have yet again set another record-high in housing loan takeout for the first quarter of 2023. Our strong performance in the housing loan front is an indication of the trust of our members in our programs. More importantly, our record-high numbers reflect the increasing number of Filipino workers we have enabled to gain new or better homes. Our members can rest assured that we shall do our best to make our housing loan programs, as well as all our other services, continuously accessible so that they may fully enjoy their benefits as Pag-IBIG Fund members,” Acosta said. (END)

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Pag-IBIG Fund recognizes top employers and developers, reports record-high accomplishments in Mindanao

13

April
2023

Pag-IBIG Fund recognized top employers and developers in Mindanao as it held the first of its series of Stakeholder Accomplishment Reports (StAR) in Davao City on Thursday (13 April 2023).

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The Pag-IBIG StAR follows the Pag-IBIG Fund Chairman’s Report held by the agency in Pasay City in March this year, and is conducted by the agency to apprise stakeholders in each of the country’s major regions of its accomplishments and recognize them for their support. Pag-IBIG Fund awarded its top ten developers, top collection agencies and top government and private employers during the event.

“Pag-IBIG Fund achieved its best-performing year in 2022 as our net income, membership savings, loan releases, and payment collections reached record-highs. These were made possible mainly because of the unwavering support from our partner employers and developers. We conduct the Pag-IBIG StAR to recognize their efforts and to continue building on our good business relationship, so that we can all work together in heeding the call of President Ferdinand Marcos, Jr. to uplift the lives of every Filipino worker,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund posted its best performing year in 2022 as the agency’s net income reached a record high P44.50 billion, a 28% increase from the P34.69 billion the year prior. The agency also reported several record high figures for the year, with home loans reaching P117.85 billion; total membership savings collected amounting to P79.90 billion and loan payments amounting to P127.42 billion. Pag-IBIG Fund also assisted the highest number of members with 105,212 securing new homes from its housing loan programs and over 2.61 million aided through its short-term loans. The agency ended the year with total assets at its highest, amounting to P827.40 billion.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the agency continues its strong performance for the first two months of the year, posting year-on-year growths on membership savings collections, housing loan takeout and loan payments.

“We are happy to report that we have sustained the momentum of our banner year in 2022 to begin the year. We thank our stakeholders here in Mindanao, namely the business community for the timely remittance of their employees’ monthly savings and loan payments, our partner developers in building and delivering quality housing projects and accounts, our members who continue to save with us and choose our loan programs, and our borrowers for their prompt payment on their loan obligations. All these enable us to sustain our growth and record-high achievements,” Acosta said.

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PBBM lauds highest Pag-IBIG dividend rates since pandemic: 6.53% for Regular Savings, 7.03% for MP2

28

March
2023

President Ferdinand R. Marcos Jr. lauded Pag-IBIG Fund’s highest dividend rates since the Covid-19 pandemic, as its Regular Savings dividend rate for 2022 reached 6.53 percent and its Modified Pag-IBIG 2 (MP2) Savings surged to 7.03 percent per annum

Read more.

The dividend rates on the members' savings of the agency were the highlights of the Pag-IBIG Fund Chairman’s Report for 2022, where the president spoke before a gathering of agency members, partners and stakeholders at the SMX Convention Center, Tuesday (March 28).

“It makes me proud that your agency’s stewardship of our national savings program has successfully provided affordable shelter financing for our people. Let me thank all of you, the members who are the owners of Pag-IBIG Fund, including concerned housing developers, partners, and other key stakeholders who have been instrumental in fulfilling the Pag-IBIG Fund’s mandate, of serving the Filipino workforce,” the President said.

“As the Pag-IBIG Fund was established under the presidency of my father, I look forward to your efforts in continuing his legacy of quality public service into the future. I urge you to sustain the transparency and accountability in all the work that you do. Thus, we are able to maintain the public's renewed trust in government. Let us ensure that the Pag-IBIG Fund remains at the forefront of fulfilling our peoples' aspirations,” the chief executive added.

Pag-IBIG Fund posted its best performing year in 2022 as the agency’s net income reached a record high P44.50 billion, a 28% increase from the P34.69 billion the year prior.

The agency also reported several record high figures for the year, with home loans reaching P117.85 billion; total membership savings collected amounting to P79.90 billion and loan payments amounting to P127.42 billion.

Pag-IBIG Fund also assisted the highest number of members with 105,212 securing new homes from its housing loan programs and over 2.61 million aided through its short-term loans. The agency ended the year with total assets at its highest, amounting to P827.40 billion.

Secretary Jose Rizalino Acuzar of the Department of Human Settlements and Urban Development (DHSUD), who also heads the 11-member Pag-IBIG Fund Board of Trustees, explained that the dividend rates are the result of the agency’s record-high net income coupled with the highest dividend payout ratio approved by the Pag-IBIG Board.

Acuzar said that while the agency is required to give back to members only at least 70 percent of its annual net income as dividends, the Pag-IBIG Board approved a 97 percent payout ratio, resulting in a dividend amount to P42.70 billion - the highest in the agency’s history.

“We at Pag-IBIG do all that we can to keep the returns on our members’ savings high, while ensuring the Fund’s sustainability and stability. With Pag-IBIG Fund capably led by its CEO 'Manang' Malen Acosta having its best performing year in 2022, we were able to declare the highest amount of dividends for our members’ savings in our 42-year history,” the DHSUD chief said.

“Truly, when Pag-IBIG Fund performs well, it is our members who benefit the most. We assure our members that Pag-IBIG Fund shall be their reliable partner as they pursue a better and more secure future,” the Pag-IBIG Chairman noted. (end)

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Pag-IBIG releases P53.76B cash loans in 2022; Assists record-high 2.61M members

22

March
2023

Pag-IBIG Fund disbursed P53.76 billion in cash loans, otherwise known as short-term loans, benefitting a record-high 2,612,491 members in 2022, agency officials stated Tuesday (21 March 2023).

Read more.

For 2022, the amount of short-term loans released by the agency increased by 21% or P9.46 billion compared to the P44.30 billion released in 2021. With the amount, the number of members assisted through the program increased by 24% or over half a million more than the 2,090,851 members in 2021.

“We at Pag-IBIG Fund exert all efforts in providing our members with assistance on their financial needs. We are happy to note that through our Short-Term Loan Program, we were able to aid more than 2.6 million Filipino workers gain added funds to tend to their needs last year. All our efforts are in line with the call of President Ferdinand Marcos, Jr. to provide the best service to the Filipino people,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund’s Short-Term Loan Program includes the agency’s Multi-Purpose Loan (MPL) and Calamity Loan. Under the Pag-IBIG MPL, qualified members can borrow up to 80 percent of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned. Borrowers may choose between a 24 or 36-month payment term and are provided a two-month grace period prior to their first payment. The MPL comes at an interest rate of 10.5 percent per annum. The Pag-IBIG Calamity Loan, on the other hand, is made available to members residing or working in areas declared under a state of calamity.

Of the total amount of cash loans released by the agency, P49.85 billion were in the form of Pag-IBIG MPLs which helped 2,313,143 members, while P3.91 billion were in the form of Calamity Loans which in turn aided 299,348 members.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, cited the reliability and ease of access in availing the Pag-IBIG’s MPL and Calamity Loan as the main drivers for its strong growth.

We at Pag-IBIG Fund are aware that millions of our members rely on our MPL for their immediate financial needs and our Calamity Loan to help rebuild their lives. That is why we have made these loan programs more accessible and easier to avail for our members. Today, our members can easily and conveniently apply for these loans through many channels, which include their employers, our more than 200 branches and services offices nationwide, or online via the Virtual Pag-IBIG or the Virtual Pag-IBIG Mobile App. What’s more, we also have our Lingkod Pag-IBIG On Wheels which are currently going around the country, ready to receive loan applications from members particularly those from underserved and calamity-stricken areas,” said Acosta. (END)

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Pag-IBIG Board Approves Postponement of 2023 Contribution Hike

7

March
2023

The Pag-IBIG Fund Board of Trustees officially approved the postponement of the agency’s contribution hike in 2023, citing the continuing recovery of both workers and business owners from the pandemic, its top officials announced Monday (06 March).

Read more.

Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees, said that they unanimously approved the recommendation of the Pag-IBIG Fund Management to defer the hike in the monthly contributions of its members in 2023 – affirming pronouncements made by the agency earlier this year – and move the implementation by one year to January 2024. The deferment also applies to the share of their employers.

“We recognize that many of our members and employers are still in the midst of recovering from financial challenges arising from the effects of the pandemic on the economy. After consulting with our stakeholders, we have officially approved the deferment of the increase of Pag-IBIG members’ monthly contributions for another year. This is in line with the call of President Ferdinand Marcos, Jr. to alleviate the financial burden of our fellow Filipinos due to the prevailing socio-economic challenges brought about by the Covid-19 pandemic,” Acuzar stated.

In 2019, agency officials approved the increase of its members’ monthly contributions after obtaining the concurrence of stakeholders to implement a planned contribution increase in 2021. During that time, the agency saw the increase necessary as it projected that the amount of loans disbursed will eventually outpace the total collections from both loan payments and members’ contributions.

However, recognizing the effects of the pandemic on both its members and the business community, Pag-IBIG Fund has deferred for the third consecutive year the increase of its contributions rates which remain unchanged since 1986.

According to Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, the agency’s robust fiscal standing and strong collections driven by members opting to save more under the agency’s Regular and MP2 Savings programs, shall allow it to address the growing loan demand of members even without a contribution rate increase this year.

“Our strong financial position shall allow us to again postpone the increase in our contribution rates for a year. We are happy to report that even without any increase in our rates, we were able to post record-highs in 2022 with our membership savings collections reaching nearly P80 billion, loan payment collections amounting to P127.42 billion, short-term loan releases at 57.69 billion and home loan takeout amounting to P117.85 billion. And, with the continued trust and support of our members, the business community and housing industry partners, we look forward to achieving another banner year for Pag-IBIG Fund in 2023 despite not increasing our contribution rates for the 37th consecutive year,”Acosta said.

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Pag-IBIG members save record-high P39.84 B under MP2, up 54% in 2022

28

February
2023

Pag-IBIG Fund members continue to show preference in the MP2 Savings program in 2022 as total savings reached nearly P40 billion, setting yet a new record-high for the amount saved voluntarily by members under the program in a year, its top officials said Monday (27 February).

For 2022, members’ savings under the Modified Pag-IBIG 2 (MP2) Savings Program reached P39.84 billion, achieving an impressive 54% increase from the P25.95 billion collected in 2021.

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“Pag-IBIG Fund has again set another record, this time in the amount saved by members under the MP2 Savings Program. This shows the unwavering trust of our members in our capability to excellently and prudently manage their hard-earned peso. With our strong collections, we can continue to finance the loans of our members and keep our interest rates low. These are in line with our efforts of supporting the call of President Ferdinand Marcos, Jr. to provide a better life for all Filipinos,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

The MP2 Savings Program is a special voluntary savings facility of Pag-IBIG Fund that comes with a maturity period of five years. With a low entry point of P500 as minimum savings, it is designed for active Pag-IBIG Fund members who wish to save more and earn higher dividends, in addition to the mandatory Pag-IBIG Regular Savings they save every month. It provides members the option to claim the earnings of their MP2 Savings annually or compounded at the time of its maturity. The program is also open to pensioners and retirees who were once Pag-IBIG members and had at least two years worth of savings prior to retirement. Initially made available to members in 2010, the MP2 Savings has seen phenomenal growth over the past few years, as more members find it as a safe and low-risk savings facility which provides competitive returns.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted the increase in the total number of MP2 savers in 2022. From 750,267 in 2021, MP2 savers increased to 977,643 or 30.3% by the end of 2022. Acosta further emphasized that the MP2 has become an instrument that has allowed more workers to save, with 86% of the agency’s total MP2 Savers having an average savings of P19,357.

“We are very happy that the MP2 Savings continues to encourage more and more Filipino workers to save. Through the program, we have made more Filipino workers appreciate the value of saving by providing them with a secure savings channel for their future goals. Our members can rest assured that we shall do our best to grow their savings and provide them the highest possible returns. That is Lingkod Pag-IBIG at work,” Acosta said. (END)

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Pag-IBIG Members save record-high P79.9B in 2022, up 25%; MP2 Savings reach nearly P40B, up 53%

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February
2023

Pag-IBIG Fund members collectively saved nearly P80 billion in 2022, setting yet another record for the highest amount saved by members with the agency in a single year, its top officials said.

In 2022, the amount collectively saved by Pag-IBIG members totaled P79.9 billion – the highest in the agency’s 42-year history. The total savings collected last year increased by 25%, or P16.2 billion from the P63.7 billion collected in 2021. Forming part of the total savings is the agency’s Pag-IBIG Regular Savings, which also increased by 6% from P37.71 billion in 2021 to P40.06 billion in 2022.

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“The sustained growth in Pag-IBIG Members’ Savings collections has been truly remarkable. It denotes our members’ trust and confidence in our programs, and our capacity to manage each hard-earned peso they have saved with us. And, as our collections remain strong, we remain able to finance and maintain the low interest rates of our loan programs. These are among our many efforts in adhering to the call of President Ferdinand Marcos, Jr. towards advancing the welfare of our fellow Filipinos,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the agency’s popular MP2 Savings continues to drive the growth of its members’ savings. The voluntary savings program maintained its growth in 2022, as members saved a record-high P39.84 billion in the program, an increase of 53%, or P13.89 billion from the P25.95 billion collected in 2021.

“We are happy that we continue to gain the trust of our members, as shown by the record-high amounts that they have saved with us in 2022, as well as in the past years. This shows their growing appreciation of the value in saving with Pag-IBIG Fund. That is why we remain committed in responsibly and prudently managing their savings, so that we can provide them the best possible returns,” Acosta said. (END)

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Pag-IBIG finances over 18,000 socialized homes for low-wage earners in 2022

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January
2023

Pag-IBIG Fund financed 18,657 homes for low-income and minimum-wage earners in 2022, its top officials announced Friday (January 27).

Socialized homes represent 18% of the 105,212 homes financed by the agency for 2022. The aggregate amount released for socialized housing loans, meanwhile, is 7% or P8.28 billion of the P117.85 billion released by the agency last year.

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“I am happy to report that Pag-IBIG Fund continues to provide members from the low-income sector the means to own a home through the Pag-IBIG Affordable Housing Program. This shows its strong commitment in promoting inclusive growth by continuing to provide Filipino workers from underserved sectors with affordable shelter financing. All these are in line with the directives of President Ferdinand Marcos, Jr. in addressing the country’s housing backlog under the Pambansang Pabahay Para sa Pilipino Program,” said Secretary Jose Rizalino L. Acuzar, who chairs the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund's Affordable Housing Program (AHP) is a special home financing program that caters to the needs of minimum-wage and low-income members earning not more than P15,000 per month within the National Capital Region (NCR) and those earning not more than P12,000 per month outside of NCR. Under the AHP, Pag-IBIG Fund offers a subsidized rate of 3% per annum - the lowest rate available in the market today - for socialized home loans worth up to P580,000 and socialized condominium units worth up to P750,000.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, said that special subsidized rates have been made available by the agency for its members from the minimum-wage sector since 2012, with the current 3% rate made available in May 2017.

“Through the years, the Pag-IBIG Affordable Housing Program has made it possible for low-income and minimum-wage earners to own a home. With the lowest rate offered in the market, our members can enjoy a low monthly payment of as low as P2,445.30 for a socialized home loan of P580,000 with a loan term of 30 years,” said Acosta. “And what’s more, borrowers under our AHP do not have to put out cash for equity because of its 100% loan-to-value ratio. This is in keeping of our commitment to uplift the lives of Filipino workers, especially those from the underserved sectors, through accessible and affordable shelter financing. Ito po ang aming panatang Lingkod Pag-IBIG para sa manggagawang Pilipino,” Acosta added. (END)

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Pag-IBIG releases record-high P118B home loans in 2022: Over 100,000 members with new homes

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January
2023

Pag-IBIG Fund released a record-high P117.85 billion in home loans to finance the housing units of 105,212 members in 2022, its top officials announced January 18 (Wednesday).

For 2022, the amount of home loans released by the agency increased by 21% or P20.57 billion compared to the P97.28 billion released in 2021. With the amount, Pag-IBIG financed the acquisition and construction of 105,212 homes for its members, or an increase of 11% from the 94,533 homes financed in 2021.

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“We are happy to report that Pag-IBIG Fund has once again set a new record-high in home loan releases in 2022. This is very good news because as the amount of home loans we release increases, so does the number of Filipinos who now have homes of their own. Pag-IBIG Fund’s performance is a testament to our united and unwavering efforts to resolve the country’s housing backlog, in line with the objective of President Ferdinand Marcos, Jr. under the Pambansang Pabahay Para sa Pilipino Program,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the 105,212 housing units financed in year 2022 is also a record-high, and marks the first time that the agency has financed more than 100,000 housing units in a single year. She further stated that out of the total housing units financed by the agency last year, 18,657 or 18% were socialized housing units which are now owned by members from the minimum-wage and low-income sectors.

“We at Pag-IBIG Fund have always strived to provide our members – the Filipino workers, the means to have their own homes through affordable shelter financing. That is why we take great pride in achieving a record-high number of housing units financed in 2022 because it means that we have empowered even more Filipinos in gaining their own homes. And, as we embark on yet another year, our members can continue to rely on Pag-IBIG Fund to provide them the most affordable home loan in the market, so that they too can achieve their dream of homeownership. That is the Lingkod Pag-IBIG pledge,” Acosta added.

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