Pag-IBIG launches P1.8M housing loan promo at 4.5% interest rate

Pag-IBIG Fund is launching a special housing loan program with a 4.5 percent interest rate for house-and-lot packages up to P1.8 million, available starting in October.

This promotional interest rate, fixed for the first three years, is part of the Marcos administration's Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.

The offer is accessible to the first 10,000 local applicants and the first 1,000 Overseas Filipino Worker (OFW) applicants, with existing applications in the pipeline also eligible.

Pag-IBIG Fund CEO Marilene Acosta highlighted that this offer can save members approximately P2,000 monthly compared to the regular rate of 6.25 percent.

With the promo rate, the monthly amortization for a P1.8 million loan is P9,120.34.

Department of Human Settlements and Urban Development Secretary Jose Ramon Aliling stated that this initiative aims to provide affordable and inclusive housing for every Filipino family.