Pag-IBIG Fund Announces Bigger Housing Loans for Eligible Members
The Pag-IBIG Fund has increased its maximum housing loan amount to ₱10 million to give Filipino workers greater access to affordable and long-term home financing. The announcement was made on May 26 as part of efforts to strengthen the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) program and help address the oversupply of housing units, especially in Metro Manila and other urban areas.
Under the updated policy, qualified members can now borrow up to ₱10 million, while the subsidized 3% interest rate for socialized housing borrowers will remain in place. The agency explained that this move is intended to make homeownership more accessible and support workers in finding housing closer to their workplaces, schools, and daily needs.
According to housing officials, including Department of Human Settlements and Urban Development Secretary Jose Ramon Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, the increase in loan value is an important step in helping more Filipinos secure decent housing. He also encouraged property developers to adjust their pricing, offer more reasonable packages, and help ensure that available housing units remain within reach of ordinary workers.
Pag-IBIG Fund Chief Executive Officer Marilene Acosta also emphasized that housing loans remain affordable, with repayment terms of up to 30 years and interest rates that may go up to 5.75% depending on the loan structure. She stressed that the goal is to balance affordability with financial sustainability for both members and the fund.
Despite the higher loan ceiling, the agency clarified that all applications will still go through proper evaluation. This includes credit checks, property appraisal, and compliance with lending guidelines to ensure responsible borrowing and lending practices.
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