Bacolod Quality Properties

14/07/2020

Pag-IBIG Fund offers promo rates on home loans to boost economy

Top officials of Pag-IBIG Fund announced on Thursday (July 09) that they are offering promo rates on their home loans of as low as 4.985 percent per annum until the end of the year, in a move to help members acquire homes and help boost the national economy amid the pandemic.

The agency is offering special low rates of 4.985 percent per annum under a 1-year repricing period and 5.375 percent per annum under a 3-year repricing period. These are its lowest-ever rates under its Regular Housing Loan program, and are available to members getting new home loans until the end of 2020 only.

These further reduced the agency’s previous rates, already pegged at a low 5.375 percent per annum for the 1-year repricing and 6.375 percent per annum for the 3-year repricing period. Meanwhile, interest rates for its Affordable Housing Program, available for low and minimum-wage earners, remain at its lowest with a subsidized home loan interest rate of 3 percent per annum.

“By offering these special rates to our members, we are spurring economic activity in the housing industry, which has a ripple effect on the national economy. This is a win-win situation because our members get to take advantage of these home loan rates, while their purchase of their homes will help generate more jobs to help get our economy back on track. This then, is our contribution to our nation’s journey to recovery, as led by President Duterte,” said Secretary Eduardo D. del Rosario of the Department of Human Settlements and Urban Development (DHSUD) and Chairman of the 11-member Pag-IBIG Fund Board of Trustees.

With the Pag-IBIG Board’s approval of the promo rates on July 9, Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti said that the special rates shall take effect immediately and shall be enjoyed by incoming home loan borrowers until December 29, 2020

“We review our rates regularly and have never repriced it upward under the Duterte administration. Our ever-improving quality of portfolio has allowed us to keep the rates low under our Risk-Based Pricing Model. But this time, we are offering something special. In consideration of the impact of the pandemic on the livelihood of our members, we reduced our home loan rates by as much 100 basis points for the next six months because we want to help members who are thinking of buying a home to take advantage of our lower-than-lowest rates. Even amid the pandemic, now is the best time to buy a home with a Pag-IBIG Housing Loan” Moti said.

20/12/2019

With the newly-released Virtual Pag-IBIG, Pag-IBIG Fund members can now view and pay their contributions online in just a few easy clicks!

23/11/2019

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14/08/2019

Pag-IBIG Fund maintains lowest-ever rates on home loans

Pag-IBIG Fund has retained the lowest-ever interest rates it has been offering under its home loan programs in the last few years. This move comes as top executives report double-digit growth in loan payments and members’ savings collections which have allowed the agency to address the record-high demand for its home loans.

The agency maintained its subsidized rate of 3 percent per annum under its Affordable Housing Program offered to members earning not more than P15,000 a month for those within the National Capital Region (NCR), or those earning not more than P12,000 a month for those outside NCR. The rate for this loan program is the lowest in the market and has been in place since May 2017. The Fund also maintained its interest rates for loans up to P6 million under its Regular Housing Loan Program, where members may secure loans at a rate of as low as 5.375 percent per annum. The agency assured its members that the rates shall be maintained for at least the remainder of the year. Pag-IBIG Fund uses the Full Risk-Based Pricing framework in setting the interest rates for its home loans.

“We are keenly aware of the need to provide affordable housing, especially to low-wage earners. Because of the Fund’s strong financial standing, we assure our members that we can maintain our low interest rates for the rest of 2019 as we continue to heed President Rodrigo Roa Duterte’s call to address the housing needs of Filipino workers,” said Secretary Eduardo D. del Rosario, Chairperson of the Housing and Urban Development Coordinating Council (HUDCC) and Pag-IBIG Fund Board of Trustees.

Del Rosario explained that the Fund is able to keep its lending rates low because it is able to sustain its collection efficiency. He said that home loan payments in the first half of 2019 amounted to P30.44 billion, which is 12 percent higher than the P27.22 billion collected in the same period last year. “We are happy to report that our efforts to maintain efficiency of collections enabled us to keep our performing loans ratio or PLR at above 90 percent. This ratio is high considering that many of our borrowers are minimum-wage earners and are usually unserved by most lending institutions because of their financial situation,” del Rosario said.

Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti added that the high increase in the collection of members’ savings helped keep the agency’s lending rates low. In the first half of the year, collection of members’ savings improved 27 percent year-on-year to P23.40 billion, which is the highest amount saved by members for any January to June period.

“We see no reason so far to increase our home loan rates because the continuing improvements in our collection efficiency boost our PLR. Member savings collections have also grown 27 percent while housing loan payment collections increased 12 percent. All these mean that we are able to effectively fund the high demand for our home loans without the need to borrow from the market. The strong inflow of funds and our ability to maintain quality loan portfolios directly benefit our members because we can continue to offer them the lowest lending rates possible and still declare above-market dividend payouts. That we have been offering these low home loan rates since 2017 is a testament to the Fund’s stability and sound financial management,” Moti said

02/08/2019

Congratulations to my dear friend in taking the first step to invest in a property that will bring great and sweet memories to your family... Rest assured that we will be here for you till you enter your God given blessing...

21/07/2019

WAITING is the Highest Interest Rate...

Invest in a property while you are still young and able... And while the price is still affordable...

05/07/2019

Congratulations to my Client in taking the first Step to achieve your dream house... May this investment will be fruitful for you and your Family...

Rest assured that I will be with you until you enter your Home Sweet Home...

God bless your Family and your New Home...

11/06/2019

Kung may nabili kang lupa or properties at nais mong malaman kung original ang titulo nito heto ang mga bagay na dapat mong malaman.

A piece of land regardless of its size is a valuable asset a person could have. Unlike other assets, it’s value doesn’t depreciate that’s why it’s an asset worth keeping. That’s why most people would

10/06/2019

Congratulations Ms. Collin Mae Alovera, you're one step away in achieving your dream house...

Always remember "Life takes you to unexpected places, love brings you home.”

Rest assured that we will be with you till you enter your New Home Sweet Home.... May God bless your New Investment...