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A total of P77.3 billion in home loans has been disbursed from January to August of this year, the Home Development Mutual Fund or Pag-IBIG Fund said on Tuesday.“Actually, this is the highest loan disbursed for the period January to August 2024. So this is a record breaking feat for Pag-IBIG Fund,” said Karin-Lei Garcia, Pag-IBIG Fund Vice President for Public Relations and Information Services Group, in an interview with Bagong Pilipinas Ngayon.This is P383 million higher than the P76.
“In fact po, ang Pag-IBIG Fund po ay nagko-control ng 40% of the real estate mortgage market in the Philippines. Ibig sabihin, kami sa Pag-IBIG Fund, ay may responsibilidad to keep the home loan interest rates low. Kasi kapag taasan namin ang interest rates, ang buong morgado po ay tataas din. So that’s one reason po kung bakit tumataas ang availment,” said Garcia.
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