Pag-Ibig cuts home loan rates to as low as 4.5%

MANILA, Philippines – The Pag-Ibig Fund has cut housing loan rates to as low as 4.5 percent for homes priced above the socialized housing ceiling, offering qualified borrowers cheaper financing until the end of 2026.

In a statement on Thursday, Pag-Ibig said housing loans or installment payments above the socialized housing ceiling—currently set at P950,000 for house-and-lot units and P1.8 million for condominium units—up to the P2.5-million low-cost housing ceiling will carry an interest rate of 4.5 percent per annum.

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Meanwhile, Pag-IBIG will charge a 5.75% annual interest rate on loans above P2.5 million up to P10 million.FEATURED STORIES