Pag-IBIG Fund home loan releases up 15% to record-high P86.7 billion in 2019
According to top executives, home loans released by Pag-IBIG Fund amounted to P 86.74 billion last year, which is the highest amount ever released under the agency’s housing loan program. The amount released increased by 15% or P11.43 billion compared to the P75.31 billion released in 2018. Members who benefitted from the loan program also increased to 95,276 from the 90,375 who borrowed last year. "We have again set a new record-high and achieved a new milestone in our home loan releases in 2019. We are also happy because the number of members who achieved their dream of owning a home through Pag-IBIG Fund also grew last year. We look forward to setting new records and milestones in our pursuit of providing decent and affordable home financing to even more Filipino workers this 2020. This is our commitment as one of the key players in President Rodrigo Roa Duterte's drive to uplift the lives of Filipino families," said Eduardo D. del Rosario, Chairperson of the 11-member Pag-IBIG Fund Board of Trustees and Secretary of the Department of Human Settlements and Urban Development (DHSUD). Del Rosario added that out of the total amount, P10.64 billion were released as socialized home loans for the benefit of 27,145 Pag-IBIG Fund members belonging to the minimum wage and low-income sectors. Meanwhile, Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti said that the growth of the agency’s housing operations has been remarkable, especially in recent years.