Pag-IBIG partners with Filinvest for more affordable housing

MANILA — The Pag-IBIG Fund is working with Filinvest Land to offer more affordable homes for Filipinos.

Under the partnership, Pag-IBIG members can get preferential pricing on selected houses in Pag-IBIG-accredited Filinvest projects. They can also benefit from Pag-IBIG’s increased housing loan limit of up to P10 million, with a subsidized interest rate of 3 percent per annum for qualified socialized housing borrowers under the Expanded 4PH housing program, the government’s social housing initiative

They can also avail of promotional rates of 4.5 percent per annum for loans up to P4.9 million and 5.75 percent per annum for loans above P4.9 million and up to P10 million.

“With Filinvest Land as our partner, we can bring together affordable Pag-IBIG financing and quality homes at better prices for our members,” Pag-IBIG chief executive officer Marilene Acosta said.

Pag-IBIG has also partnered with housing developers Amaia and Avida, and property developer SM Development Corp. (SMDC).

“With more reputable companies now partnering with Pag-IBIG Fund, Filipino workers will have more housing choices supported by affordable financing and better opportunities to own a home,” said Pag-IBIG Chairperson Jose Ramon Aliling.