Pag-IBIG Fund home loan payments reach P57.6 billion, up 30%; PLR climbs to 89.96%

Driven by the strong collection of home loan payments in the last 10 months, Pag-IBIG Fund’s performing loans ratio climbed to 89.96% in October, exceeding the agency’s yearend target by 196 basis points, top executives announced Monday (28 November).

From January to October, home loan payments amounted to P57.58 billion, a double-digit increase of 30 percent, or P13.31 billion higher than the P44.27 billion collected in the same period last year. The amount is a record high in terms of home loan payments collected by the agency for any January to October period.

Pag-IBIG Members save record-high P66.66B in Jan-Oct, up 27%; MP2 Savings surpass P33B, up 57%

Pag-IBIG Fund members have saved more than P66 billion in the last 10 months, breaking yet another record for the period and exceeding all prior full year figures, top agency officials announced on Monday (November 14).

From January to October, the amount collectively saved by members with the agency totaled P66.66 billion – the highest for any 10-month period. The savings collected so far this year grew 27% from the same period in 2021 and has surpassed all full year figures in the agency’s history including last year, when it collected P63.67 billion, Pag-IBIG Fund’s best performing year yet.