Pag-IBIG Fund announced that they now offer loans at lower interest rates. From 4.5 percent, interest rates for low income earners are lowered to 3 percent. Low income earners can also borrow up to P450,000.
Meanwhile, those who earn more than P15,000 monthly can avail of the regular housing loan with 5.375 percent interest from 5.5 percent.
Members can loan up to P6-million, depending on the salary, and can be payable for up to 30 years.
Pag-IBIG Fund CEO Acmad Rizaldy Moti said that aside from lower interest rates for housing loans, higher dividend rates for members are also offered.
“2018 is the best time to borrow from Pag-IBIG Fund dahil ang interest rate all time low. Ngayong 2018 din ang best year to contribute o save dahil ang dividend rate is at an all-time high,” Moti said.
The current mandatory minimum contribution for members is P100, however, should a member wish to gain more dividend, they can opt to pay more.
“Worst case scenario makukuha mo ‘yung pera mo—total accumulated fund and dividends,” Moti said.
“Yung dibidendo natin lahat nakikinabang diyan. Kaya lagi natin sinasabi sa mga miyembro tuwing hihiram ka sa Pag-IBIG Fund pwedeng mas mababa ang interest rate na makukuha sa private lenders, pero ang kinikita ng loans ay bumabalik sa atin.”
Aspiring members are welcome to apply in any Pag-IBIG Fund branch.
