Pag-IBIG offers lowest-ever housing interest rate to minimum wage earners

  • July 17, 2017
  • Ruel M. Orinday

LUCENA CITY, Quezon- July 17 (PIA)- A lowest  in the market housing loan interest rate  is now offered to  PAG-IBIG members who are minimum wage earners.

According to Michael Regaza of Pag-Ibig Lucena  City office,  the  Pag-Ibig  fund board  of trustees recently approved the lowering  of interest  rate under the  Pag-Ibig’s  affordable  housing  for minimum wage earners to just 3%.

This  would  allow more opportunities for low income workers to realize  their dream of home ownership.

The new rate is 33% lower  than  the previous 4.5% interest rate under the fund’s affordable housing program. Minimum wage workers in the national capital region  not earning more than P15,000 gross monthly income  and workers in  other regions with  a gross monthly income  of P12,000.00 are eligible  to avail  of the news interest rate  for loan not exceeding  P450,000.00.

Meanwhile, according to  Pag-IBIG fund officer  In Charge Acmad  Rizaldy P. Moti, the  move to reduce  further the housing loan  interest rate  under the program is in response  to president  Rodrigo Duterte’s  directive to give the underserved sector  equal access to housing opportunities.

“Pag-IBIG’s  achievements redound to the advantage of Pag-IBIG members, a stronger Pag-IBIG fund means more benefits for  Pag-IBIG members, including  the low interest rate  for housing loans”, Moti concluded. (GG/R.Orinday, PIA-Quezon with reports from  Pag-IBIG Lucena). 

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