Pag-IBIG Offers Its Lowest Home Loan Rate of 5.5%
Pag-IBIG never runs out of ways to make home buying easier for Filipinos.
For the first year of the Pag-IBIG home loan term of up to P6 Million, eligible borrowers can now opt for the 5.5% per annum interest rate – the lowest rate the country’s biggest home loan provider has ever offered in their End-User Financing Program.
Pag-IBIG Fund has cut its rates in its home loan programs in the last five years and this is the fifth time it has made a major move. More so, aside from the new financial program, it also offers the Affordable Housing Program for minimum wage earners to encourage them to buy a home instead of spending money on rent.
Filipinos gained another reason to buy a decent shelter through the help of Pag-IBIG. Now that home loans under the regular program are even made more affordable, Pag-IBIG hopes to finance over 76,000 homes for 2016.
Here’s a copy of Pag-IBIG’s official Press Release.