Pag-IBIG Fund has rolled out an early bird promo giving the first 30,000 borrowers under the Pambansang Pabahay Para sa Pilipino (4PH) program a 10-year subsidized interest rate of 3 percent.
Normally, the 3-percent rate is only for the first five years of a loan. With this offer, qualified borrowers can enjoy the lower rate for a full decade, translating to big savings for families.
Pag-IBIG Vice President Jack Jacinto said the promo is designed to support the Marcos administration’s housing push to make homeownership affordable for Filipinos. The program prioritizes low-income and minimum-wage earners, as well as first-time homebuyers. Overseas Filipino workers (OFWs) also qualify regardless of income level.
Jacinto explained that a socialized housing unit worth P850,000 would typically require monthly payments of around P5,400 to P5,500. With the 3-percent rate, amortization drops to P3,600 to P3,700, easing the financial load of borrowers.
The offer covers house-and-lot units priced at P850,000 or less, condominium units up to P1.8 million, and Pag-IBIG-acquired assets within the same price ceilings.
Applications will be accepted on a first-come, first-served basis. Interested borrowers must apply through their housing developer, the Department of Human Settlements and Urban Development regional office, or any Pag-IBIG branch.
The agency expects the promo to encourage early applications and help reach the government’s annual goal of 1 million housing units under 4PH.
