09/09/2026
SMDC, PAG-IBIG FUND PARTNER TO WIDEN HOME CHOICES FOR FILIPINO WORKERS
Pag-IBIG Fund and SM Development Corp. (SMDC) signed a memorandum of understanding Sept. 8 to widen the range of SMDC homes that qualified members may purchase through Pag-IBIG Housing Loans.
Under the MOU, qualified borrowers may receive preferential pricing on selected units in participating Pag-IBIG-accredited SMDC projects. The partnership also covers buyer education and planned homebuyer programs to help prospective buyers understand their housing options, Pag-IBIG financing and application requirements.
Qualified members may avail themselves of Pag-IBIG Housing Loans of up to โฑ10 million. Promotional rates of 4.5% on loans of up to โฑ4.9 million and 5.75% on loans above โฑ4.9 million and up to โฑ10 million are available to qualified borrowers until Dec. 31, 2026.
The partnership advances continuing efforts by the Department of Human Settlements and Urban Development and Pag-IBIG Fund to strengthen private-sector participation under President Ferdinand R. Marcos Jr.โs Expanded Pambansang Pabahay para sa Pilipino Program. Through partnerships with leading developers such as SMDC, more members, particularly middle-income Filipino workers, gain access to quality, well-located homes that suit their families and fit their budgets.
DHSUD Secretary Jose Ramon P. Aliling, who also chairs the Pag-IBIG Board of Trustees, witnessed the signing of the MOU by SM Prime and SMDC President Jeffrey C. Lim and Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta. Also serving as witnesses were Pag-IBIG Fund Deputy Chief Executive Officer Alexander Hilario G. Aguilar, SMDC Executive Vice President Grace M. Sta. Ana and SMDC Vice President and Head of Design, Innovation and Strategy Jessica T. Sy.
Also present were DHSUD Senior Undersecretary Eduardo P. Robles Jr.; Pag-IBIG Fund Deputy Chief Executive Officer Benjamin R. Felix Jr.; Acting Vice President Atty. Jose Roberto F. Po; and Acting Vice President Tina Marie I. Gabiosa.
