The Home Development Mutual Fund (Pag-IBIG Fund) is offering up to six months of payment relief, more affordable amortization and waived penalties under its special restructuring program to help home loan borrowers cope during the coronavirus disease 2019 pandemic, its top executives announced on Monday.

Secretary Eduardo del Rosario, the chairman of the 11-member Pag-IBIG Fund Board of Trustees and head of the Department of Human Settlements and Urban Development, said the agency is offering a Special Housing Loan Restructuring Program to further help its housing loan borrowers keep their homes amid the pandemic.