Pag-IBIG hikes housing loan to P6-M

DAGUPAN CITY, June 27 — Employees now have more leeway on their housing preferences as the Pag-IBIG Fund is increasing the maximum amount that can be loaned for housing.

Susan de Vera of the Pag-IBIG Fund Dagupan City said that the ceiling for housing loan will be increased from P3 million to P6 million starting July 2.

Members who can qualify for the loan must have at least 24 months contribution, she said during the Pantongtongan Tayo radio program of the Philippine Information Agency over DZMQ Radyo ng Bayan on Tuesday.

New members, however, can also avail of the loan if they can pay in full the equivalent 24-month contribution, she added.

Required contribution for those who can qualify to loan the ceiling amount is P2,950 per month.

Housing loan, she said, is not limited only to purchase of house and lots but also includes, renovation, improvement and lot expansion.

She noted that members from the National Capital Region and Metro Manila have been requesting for the increase because they deemed that previous ceiling is already inadequate for the purpose by today’s standard.

For more inquiries log on at http://www.pagibigfund.gov.ph or call 523-3048.

Interested members may also visit the new office here at Rodel Building, Perez Blvd., cor. Guilig St., where the Central Bank was previously located. (ANL/ARRF-PIA 1 Pangasinan)

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