Pag-IBIG Fund finances 10,640 homes for low-wage earners in H1 2021, up 99%
Pag-IBIG Fund extended socialized housing loans to 10,640 members from the minimum-wage and low-income sectors in the first half of 2021 despite the continuing pandemic, top officials announced Wednesday (July 21).
The number of socialized home loans make up 24% of the total 43,573 home loans released by the agency from January to June this year. The number is equivalent to P4.66 billion or 11% of the P44.34 billion home loans released by the agency during the first half of the year. Amid the health crisis, the number of socialized home loans increased by 99% - nearly double the 5,357 socialized home loans granted during the same period last year, while the amount released also grew by 111% from P2.21 billion in 2020.
Pag-IBIG Fund releases record-high P44B home loans in H1 2021, up 113%
Despite the pandemic, Pag-IBIG Fund achieved another record by releasing over P44 billion in home loans in the first half of 2021, top officials announced on Friday (July 9).