Pag-IBIG Fund has increased its maximum housing loan amount per borrower to P10 million, expanding access to long-term financing for Filipino workers, particularly those in Metro Manila and other highly urbanized areas.
The state-run fund said the move supports the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program and aims to help address the oversupply of available housing units, especially condominium inventory in urban centers.
Under the updated ceiling, qualified Pag-IBIG members may now borrow up to P10 million while still benefiting from long-term repayment terms of up to 30 years.
Interest rates may go as low as 5.75 percent per annum, depending on the chosen fixing period.
Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, said the adjustment is intended to widen access to housing finance across more income levels.
“With the higher P10-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,” Aliling said.
He added that the measure aligns with efforts to make homeownership more inclusive under the administration’s housing program, while also improving the uptake of ready-for-occupancy units in urban areas.
Aliling also urged housing developers to align pricing with the expanded financing capacity of Pag-IBIG members to improve market absorption of available units.
Pag-IBIG Fund Chief Executive Officer Marilene Acosta said the adjustment reflects the agency’s mandate to serve members across all income segments, from socialized housing beneficiaries to higher-earning workers.
She said the agency’s strong financial position allows it to expand loanable amounts while maintaining competitive interest rates.
Acosta added that the program is designed to make homeownership a more practical alternative to renting, particularly in cities where housing demand remains high.
Pag-IBIG Fund stressed that the higher loan ceiling remains subject to standard credit evaluation, capacity-to-pay requirements, collateral appraisal, and other lending guidelines to ensure responsible borrowing.
Officials said the expanded loan program is expected to bridge the gap between available housing supply and the purchasing capacity of Filipino workers, while supporting broader housing sector goals under the 4PH Program.
Photo courtesy of Lancaster Houses Cavite
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