The Pag-IBIG Fund announced Friday a special subsidized interest rate of 3 percent per annum for the first five years on housing loans under the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program.

The special rate is available to eligible members from the lowest income segments up to the seventh income decile, as well as all overseas Filipino workers, for the purchase of socialized housing units including house-and-lot units, condominium units, and Pag-IBIG Acquired Assets.

The program supports President Ferdinand R. Marcos Jr.’s directive to expand access to affordable and dignified housing, in line with the administration's Bagong Pilipinas vision.

“We are pleased to report that Pag-IBIG Fund has once again stepped forward in its commitment to helping more Filipinos secure dignified homes,” said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development and chairperson of the Pag-IBIG Fund Board of Trustees. “Together with the enhancements under the Expanded 4PH Program - which now covers both vertical and horizontal housing developments - Pag-IBIG Fund’s wider home financing options ensure that more Filipinos can finally achieve homeownership. This is our solid commitment to President Marcos’ vision of providing decent shelter through a sustainable housing program under the Bagong Pilipinas banner.”

Aliling also cited private sector support, with developers committing to build more than 250,000 socialized housing units nationwide under the program.

Eligible first-time homebuyers earning less than 47,856 pesos per month in Metro Manila and less than 34,686 pesos outside the capital can avail of the subsidized rate. Overseas Filipino workers qualify regardless of income. Loans may be used to purchase socialized house-and-lot and condominium units priced up to 850,000 pesos and 1.8 million pesos, respectively, as well as Pag-IBIG Acquired Assets within these limits. The program offers additional financing up to 100,000 pesos for home improvements and a 100 percent loan-to-value ratio.

Pag-IBIG Fund CEO Marilene C. Acosta said the agency’s ability to offer low interest rates stems from strong collection efficiency, eliminating the need for external borrowing.

“We at Pag-IBIG Fund remain fully committed to fulfilling our twin mandates: promoting savings and providing affordable home financing for Filipino workers,” Acosta said. “Our robust financial position allows us to extend this special subsidized rate under the Expanded 4PH Program, enabling even more members — including private-sector workers, government employees, uniformed personnel, OFWs, self-employed individuals, and informal-sector workers — to achieve sustainable homeownership. This initiative significantly advances our goal of making Pag-IBIG Fund even more impactful in the lives of Filipino workers, fully supporting President Marcos’ vision of a Bagong Pilipinas.”