The Pag-IBIG Fund disbursed P20.94 billion in home loans in early 2021.
According to the agency, this is 33% higher or P5.17 billion compared to the P15.77 billion home loans they issued in the same period in 2020, despite the COVID-19 pandemic.
“We are happy to report that our home loan releases in the first three months of 2021 have increased compared to the same period last year. This increase in our home loan releases means that more Filipino workers are being helped by Pag-IBIG Fund to secure their own homes, which is very important at this time of pandemic. We recognize the role we play in helping keep our members safe in their own homes, as we heed President Rodrigo Duterte’s call for government agencies to provide social benefits to more Filipinos, especially during these challenging times,” statement by Secretary Eduardo D. del Rosario, who is head of the Department of Human Settlements and Urban Development, and the 11-member Pag-IBIG Fund Board of Trustees.
Del Rosario added that the P20.94 billion home loans helped its 20,712 members to have their own homes in the first half of the year.
Also read: How to Apply Pag-IBIG Calamity Loan Online 2020
Pag-IBIG Fund home loan reached P20.94 billion
It was learned that of the said total, P2.2 billion was released as socialized home loans for the benefit of 5,074 Pag-IBIG Fund members belonging to the minimum wage and low-income sectors.
According to Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti, even if measured compared to the period before the implementation of community quarantines, he said there is still an increase in home loans.
The agency disbursed P15.49 billion in home loans from January 1 to March 15 this year, up P546.97 million or 3.7% from the P14.94 billion they disbursed on the same date in 2020 when the strict community quarantines in Metro Manila and other parts of Luzon.
Moti, on the other hand, is confident that the number will increase even more, especially now that the country’s economy continues to open up.