In a major push to make homeownership more accessible to every Filipino, the Marcos administration has officially ordered the lowering of housing loan interest rates and a substantial increase in the maximum loan amount under the Home Development Mutual Fund (Pag-IBIG Fund).
The enhanced financing packages align with President Ferdinand R. Marcos Jr.’s directive to expand access to affordable housing under the administration’s flagship Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.
During a Palace press briefing on Wednesday, Presidential Communications Office Undersecretary and Palace Press Officer Claire Castro emphasized that these updates cater to Filipinos across all income brackets.
“Kahit ano pa ang budget mo, may house financing option na angkop para sa iyo! Naging posible ang mga hakbang na ito dahil sa maingat na pagma-manage ng pondo at pagpapahiram ng pera ng PAG-IBIG sa mga miyembro nito,” Castro said. (“No matter your budget, there is a house financing option suited for you! These steps were made possible through Pag-IBIG’s prudent fund management and lending to its members.”)
To provide more affordable monthly amortizations and open up a wider range of housing choices, the government has restructured its loan terms into more competitive tiers:
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Socialized Housing: Subsidized interest rates have been slashed to a record low of 3%.
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Low-Cost Housing: Promotional interest rates have been reduced to 4.5%.
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Open-Market Housing: Rates are now set at a highly competitive 5.75%.
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Increased Loan Cap: The maximum housing loan amount has been raised to Php 10 million, allowing members to qualify for higher-value properties.
According to Castro, these aggressive rate cuts and expanded limits do not compromise the institution’s stability. The improved loan packages are the direct result of the Pag-IBIG Fund’s prudent financial management and sustainable lending operations over the past years.
The Palace Press Office reiterated that these new measures reinforce the Marcos Administration’s commitment to addressing the country’s housing backlog by providing flexible, pro-borrower, and sustainable financial solutions for Filipino families.
