Pag-IBIG launches special rate to support 4PH housing goals

Pag-IBIG Fund has introduced a subsidized interest rate of three percent per annum for the first five years of housing loans under the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program, targeting broader access to affordable housing.

The new loan rate applies to eligible members and overseas Filipino workers (OFWs) purchasing socialized housing units, including house-and-lot packages, condominium units, and Pag-IBIG-acquired assets.

Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling, who also chairs the Pag-IBIG Fund board of trustees, said the program supports the administration’s vision of inclusive housing through the Bagong Pilipinas agenda.

“We are pleased to report that Pag-IBIG Fund has once again stepped forward in its commitment to helping more Filipinos secure dignified homes,” Aliling said. “Together with the enhancements under the Expanded 4PH Program – which now covers both vertical and horizontal housing developments – Pag-IBIG Fund’s wider home financing options ensure that more Filipinos can finally achieve homeownership.”

Aliling also noted private sector support, with developers committing to deliver over 250,000 socialized housing units nationwide under the program, accelerating efforts to meet national shelter goals.

Under the new loan terms, first-time buyers earning less than %u20B147,856 per month in Metro Manila or %u20B134,686 outside the region may avail of the 3 percent interest rate. All OFWs, regardless of income level, also qualify for the special rate.

The housing loan may be used for socialized house-and-lot packages priced up to %u20B1850,000 or condominium units priced up to %u20B11.8 million, under accredited Expanded 4PH projects. It also applies to Pag-IBIG-acquired assets within the same price ceilings.

In addition, the program offers up to %u20B1100,000 in financing for utility installations and home improvements, with a 100-percent loan-to-value ratio that eliminates the need for upfront equity from borrowers.

Pag-IBIG Fund Chief Executive Officer Marilene Acosta said the agency’s ability to offer competitive rates is due to its high collection efficiency, which allows it to operate without external borrowing.

She added that the initiative aligns with the Fund’s 10-year strategy to deliver strong dividends on members’ savings while dedicating half of its housing portfolio to loans at the three-percent rate through efficient asset management.