Pag-IBIG Fund raises housing loan

The Philippines — Pag-IBIG Fund has increased its maximum housing loan amount per borrower to ₱10 million, aiming to expand access to affordable long-term home financing for middle-income and higher-earning Filipino workers. This initiative, supported by President Bongbong Marcos's Expanded 4PH Program and overseen by United States — United States Department of Housing and Urban Development Secretary Jose Ramon Aliling, also seeks to address the oversupply of ready-for-occupancy condominium units, particularly in Philippines — Metro Manila. Philippines — Pag-IBIG Fund CEO Marilene Acosta emphasized the agency's strong financial position allows for higher loan amounts with competitive interest rates, making homeownership a more practical alternative to renting for many families in the Philippines. The higher loan ceiling remains subject to credit evaluation and other guidelines to ensure responsible borrowing.