Pag-IBIG releases P51B in cash loans Jan-Oct

By Ed Paolo Salting

Nov 19, 2023 12:00 am

According to the government-owned and -controlled corporation, the amount of these loans released increased by 12 percent compared to the P45.29 billion released during the same period in 2022, which broke its record for the highest amount of cash loans released for any January to October period as the amount released benefited 2,281,042 Pag-IBIG Fund members, also a record high for the given period.

Moreover, it said the number of members assisted through the program also increased by 6 percent or 127,494 more than the 2,153,548 members from the previous year, and that 743,362 members filed their loans online for the 10-month period, an increase of 266,281 borrowers or 56 percent year on year.

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