New Pag-IBIG rates to boost govt housing

By Arlie O. Calalo

Jan 19, 2024 12:16 am

(UPDATE) THE new savings rate for members of the Home Development Mutual Fund (HDMF) or Pag-IBIG will generate P38 billion that would be exclusively used to finance the government's Pambansang Pabahay Para sa Pilipino (4PH) program, a Pag-IBIG official said on Thursday.

To be implemented next month, the new rate will enable the HDMF to approve more housing loans with affordable interests, Hilario Aguilar, Pag-IBIG deputy chief executive officer, member services cluster, told a TV news forum.

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