To further widen the reach of President Ferdinand R. Marcos Jr.’s flagship Expanded Pambansang Pabahay para sa Pilipino, or Expanded 4PH Program, and help address the oversupply of available housing inventory, Pag-IBIG Fund has raised its maximum housing loan amount per borrower to ₱10 million, providing middle-income and higher-earning Filipino workers access to affordable long-term home financing, particularly in Metro Manila and other highly urbanized areas, top officials announced on May 26.
The higher loan ceiling complements the program’s ongoing subsidized 3% housing loan rate for qualified buyers of socialized housing, enabling Pag-IBIG Fund to serve more members seeking homes beyond the socialized housing segment through affordable long-term financing.
Jose Ramon P. Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, said the increase is part of the government’s broader effort to make homeownership more accessible to Filipino workers across income segments.
“With the higher ₱10-million loan ceiling, Pag-IBIG Fund can now serve more members, especially Filipino workers who seek homes in higher price segments but still require long-term and affordable financing to own homes near their workplaces, schools and sources of livelihood. This move allows Pag-IBIG Fund to widen access to home financing across more income segments, in line with the directive of President Ferdinand R. Marcos Jr. to make decent and affordable housing more inclusive and accessible to more Filipino families,” Aliling said.
Aliling said the move also supports efforts to improve the take-up of available housing units, particularly in Metro Manila and other urban centers where there is an oversupply of ready-for-occupancy condominium units. He said the higher loan ceiling, combined with Pag-IBIG Fund’s long-term home financing, can make the purchase of these units more affordable for qualified members.
“This is also our call to developers: let us make the numbers meet. Pag-IBIG Fund is expanding the financing available to qualified borrowers. We urge our developer-partners to recalibrate their prices, offer reasonable packages and help bring their available units within the reach of Pag-IBIG Fund members. When housing prices, borrower capacity and affordable financing meet, more Filipino workers can finally own homes of their own,” Aliling said.
Marilene C. Acosta said the increase in loan ceiling reflects Pag-IBIG Fund’s mandate to serve Filipino workers from all income segments.
