Home Business World Pag-IBIG dwelling mortgage releases attain record-high P24.2B in Q1 2022, up 16%

Pag-IBIG dwelling mortgage releases attain record-high P24.2B in Q1 2022, up 16%

Pag-IBIG dwelling mortgage releases attain record-high P24.2B in Q1 2022, up 16%

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Pag-IBIG Fund launched a record-high P24.20 billion in dwelling loans through the first quarter of 2022, a rise of P3.26B or 16% in comparison with the P20.94 billion launched throughout the identical interval in 2021, its high officers introduced on Thursday (April 21).

“We’re joyful to report that we have now once more posted a record-high in dwelling mortgage releases within the first three months of 2022. Our robust begin this 12 months implies that extra Filipino staff have been helped by Pag-IBIG Fund in buying their very own properties. The sustained development in our dwelling mortgage disbursements additionally contributes to the financial system, as we proceed to assist our members and the nation get well from the pandemic,” stated Secretary Eduardo D. del Rosario, who heads the Division of Human Settlements and City Improvement and the 11-member Pag-IBIG Fund Board of Trustees.

Del Rosario added that the quantity of dwelling loans launched by the company through the first quarter enabled 22,210 members to accumulate their very own properties, a 7% improve from the 20,712 members helped throughout the identical interval in 2021. He additional added that out of the whole quantity, P1.78 billion have been launched as socialized dwelling loans benefitting 4,114 Pag-IBIG Fund members belonging to the minimum-wage and low-income sectors.

In the meantime, Pag-IBIG Fund Chief Government Officer Acmad Rizaldy P. Moti famous that the company’s efficiency at the beginning of the 12 months is a continuance of its record-high achievement in 2021 when the company surpassed P100 billion in dwelling mortgage releases.

“After coming off a record-setting 2021 with P100.8 billion in dwelling loans launched, we have now but once more set one other record-high in housing mortgage takeouts for the primary quarter of 2022. Our efficiency within the housing mortgage entrance is a sign of the belief of our members in our packages. Extra importantly, our record-high numbers present the rising variety of Filipino staff we have now enabled to have properties of their very own. We goal to maintain our mortgage rates of interest low and assist extra Filipinos change into householders. That’s the Lingkod Pag-IBIG manner,” stated Moti.

To know extra about Pag-IBIG Fund companies, go to https://www.pagibigfundservices.com/virtualpagibig/.


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