8 hours ago
1
Upgrade to High-Speed Internet for only ₱1499/month!
Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.
Visit Suniway.ph to learn
Louise Maureen Simeon - The Philippine Star
April 5, 2025 | 12:00am
During the Pag-IBIG Fund Stakeholders Accomplishment Report event yesterday, Pag-IBIG CEO Marilene Acosta said the agency aims to lend P156.86 billion in home loans to its members in 2025.
STAR / File
MANILA, Philippines — The Home Development Mutual Fund, commonly known as Pag-IBIG, is targeting to release some P157 billion in housing loans this year.
During the Pag-IBIG Fund Stakeholders Accomplishment Report event yesterday, Pag-IBIG CEO Marilene Acosta said the agency aims to lend P156.86 billion in home loans to its members in 2025.
The amount is 21 percent higher than the P129.73 billion in home loan releases last year.
“This will be equivalent to about 111,648 housing units to help solve the housing backlog,” Acosta said.
The target for the number of housing units will be 23 percent above the 2024 level of 90,616.
Pag-IBIG remains at the forefront in home financing as it accounts for nearly 40 percent of the total home mortgages in the country.
Under the Pag-IBIG’s Affordable Housing Program, eligible borrowers have a special subsidized rate of three percent per annum for home loans of up to P580,000 for socialized subdivision projects.
Apart from housing loans, Pag-IBIG also targets to disburse P98.32 billion in short-term loans to 3.62 million borrowers.
This is an almost 40 percent increase from the P70.33 billion in cash loans last year.
Pag-IBIG’s short-term loan program includes the agency’s multi-purpose loan and calamity loan.
Further, the housing agency aims to collect P155.08 billion in membership savings, up by 17 percent from 2024’s P132.81 billion.
“This will not only be for financial security but it will also strengthen Pag-IBIG’s capacity to provide loan programs and benefits to members,” Acosta said.
Similarly, Pag-IBIG is eyeing 1.53 million new members to add to its current 16.58 million active members in order to reach 18.1 million by yearend.
By end-2025, Pag-IBIG is expecting that total assets would reach P1.2 trillion from P1.07 trillion last year on the back of higher revenues, increased member savings and strategic management of its investment portfolios.
