Pag-IBIG launches HEAL for home improvement loans

The Pag-IBIG Fund continues to support members with the Home Equity Appreciation Loan (HEAL), offering housing loan borrowers affordable and convenient access to funds for home improvement, expansion, or other family expenses.

Pag-IBIG HEAL enables eligible borrowers who have maintained their existing housing loans in good standing for at least five years and made updated payments in the last 12 months to tap into the increased value of their homes.

Marilene Acosta, Pag-IBIG Fund's CEO, emphasized that this program provides practical and affordable access to additional cash without causing financial strain on members.

Eligible borrowers must have active Pag-IBIG membership not older than 65 years at application and demonstrate the ability to repay the loan.

The maximum loan amount through Pag-IBIG HEAL is determined by the increased appraised value of the property, with a combined balance cap of 60% of its latest appraised value or P6 million.