Pag-ibig financing offers 3% lowest rate for minimum wage earners
On March 16, 2017, Pag-ibig has issued a press release regarding its housing interest rate to minimum-wage earners. Good news, Pag-IBIG now offers lowest-ever 3% housing interest rate to minimum-wage earners, a lowest in the market. “We are happy to announce that the Pag-IBIG Fund Board of Trustees approved the lowering of interest rate under Pag-IBIG’s affordable housing for minimum-wage earners to just 3%. This would allow more opportunities for low-income workers to realize their dream of home ownership,” said Cabinet Secretary and Pag-IBIG Chairman Leoncio B. Evasco, Jr. The new rate is 33% lower than the previous 4.5%...
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