Pag-IBIG Fund released a record-high P24.20 billion in home loans
during the first quarter of 2022, an increase of P3.26B or 16% compared
to the P20.94 billion released during the same period in 2021, its top
officials announced on Thursday (April 21).
“We are happy to report that we have again posted a record-high in home
loan releases in the first three months of 2022. Our strong start this
year means that more Filipino workers have been helped by Pag-IBIG
Fund in acquiring their own homes. The sustained growth in our home
loan disbursements also contributes to the economy, as we continue to
help our members and the country recover from the pandemic,” said
Secretary Eduardo D. del Rosario, who heads the Department of Human
Settlements and Urban Development and the 11-member Pag-IBIG Fund
Board of Trustees.
Del Rosario added that the amount of home loans released by the agency
during the first quarter enabled 22,210 members to acquire their own
homes, a 7% increase from the 20,712 members helped during the same
period in 2021. He further added that out of the total amount, P1.78
billion were released as socialized home loans benefitting 4,114 Pag-IBIG
Fund members belonging to the minimum-wage and low-income sectors.
Meanwhile, Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti
noted that the agency’s performance at the start of the year is a
continuance of its record-high achievement in 2021 when the agency
surpassed P100 billion in home loan releases.
“After coming off a record-setting 2021 with P100.8 billion in home loans
released, we have yet again set another record-high in housing loan
takeouts for the first quarter of 2022. Our performance in the housing
loan front is an indication of the trust of our members in our programs.
More importantly, our record-high numbers show the increasing number
of Filipino workers we have enabled to have homes of their own. We aim
to keep our loan interest rates low and help more Filipinos become
homeowners. That is the Lingkod Pag-IBIG way,” said Moti.
