Pag-IBIG posted a record-high P28.09 billion in housing loan releases in the first quarter of the year covering nearly 20,000 members.
State-run Home Development Mutual Fund posted a record-high P28.09 billion in housing loan releases in the first quarter of the year, covering nearly 20,000 members as the government sought to address the country’s housing backlog.The latest home loan releases reflected a P520.81 million increase from the P27.57 billion loans released in the same quarter in 2023, covering 19,817 members. Pag-IBIG said it also released P126.04 billion in shelter financing, up 7% from P117.85 billion in 2023.
“We thank our stakeholders, namely the business community, for the timely remittance of their employees’ monthly savings and loan payments, our partner developers in building and delivering quality housing projects and accounts, our members who continue to save with us and choose our loan programs, and our borrowers for their prompt payment on their loan obligations,” Pag-IBIG Chief Executive Officer Marilene Acosta said in an emailed statement.
2024 Pag-Ibig Housing Loans Housing Department Of Human Settlements And Urban Develop
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