Pag-IBIG Fund will maintain its low interest rates on housing loans until June 2025,
marking the second consecutive year of offering affordable home financing and defying
the upward trend in market lending rates, top officials announced Thursday (March 27).
Pag-IBIG Fund continues to offer significantly lower rates as the agency has held its three-
year repricing period steady at 6.25% per annum and maintains an even lower rate of
5.75% per annum for its one-year repricing period. This, despite the rise in home lending
rates based on market reports, with indicative rates ranging from 6.82% to 7.94%, and
effective rates between 7.18% and 8.78% as of the week ending January 29, 2025.
Pag-IBIG’s Affordable Housing Program, meanwhile, also continues to provide a special
3% interest rate per annum for minimum-wage earners, remaining the lowest available
rate in the market today.
“We recognize the importance of affordable home financing for Filipino workers. Thanks to Pag-
IBIG Fund’s robust fiscal management, we can consistently provide our members with rates that
are within their means and therefore open doors to homeownership for more members. This effort
aligns with President Ferdinand Marcos Jr.’s directive to address the housing needs of our
countrymen,” said Secretary Jose Rizalino L. Acuzar, head of the Department of Human
Settlements and Urban Development and chair of the 11-member Pag-IBIG Fund Board
of Trustees.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said that the agency’s ability
to retain its low interest rates is the result of the efficiencies in its operations, the surge in
its performing loans ratio, and robust collections of loan payments.
“We posted a record-high performing loans ratio of 93.72% to end last year, which means most of
our members are diligently paying their home loans. This, combined with the quality of our
investment portfolio, allows us to finance housing loans without the need to borrow externally,
which in turn insulates our members from rising market interest rates. That is why I urge our
borrowers to keep with their obligations because doing so will keep Pag-IBIG Fund – their fund –
healthy. And when their fund is healthy, they can continue to enjoy low interest rates,” Acosta
said.
Acosta further emphasized that Pag-IBIG housing loans offer members significant
financial benefits, as interest rates remain lower than the dividends earned on their
savings, allowing them to grow their funds even while financing their homes. “As
administrators of the workers’ fund, we remain deeply committed to providing affordable home
loans and competitive dividends, empowering our members to achieve homeownership and a better
life. This exemplifies our Lingkod Pag-IBIG Brand of Service – Tapat na Serbisyo, Mula sa Puso,”
she added.
