Starting January 1, 2014 “Pag-IBIG cuts loan rates further” in order to help those individual who wants to apply for housing loan. This is a great opportunity if you are one of those individual planning to have your own house.
What is Pag-IBIG?
The Home Development Mutual Fund (HDMF), popularly known as Pag-IBIG Fund (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno), was created by virtue of Presidential Decree No. 1530 on June 11, 1978.
To provide its members with adequate housing through an effective savings scheme, Pag-IBIG Fund harnesses these four sectors of Philippine society: financial institutions, the industrial sector, the government, and the Filipino people.
The Fund was created to address two of the nation’s basic concerns: (a) the generation of savings and (b) providing shelter for Filipino workers.