Hereโs good news, Pag IBIG has just lowered housing loan interest rates under their End-User Financing program. The new interest rates were shared through the official Pag-IBIG Fund (HDMF) facebook page. Check out the details below.
Posted by Pag-IBIG Fund (HDMF) on Monday, June 1, 2015
Based on the photo from their facebook page above, the new interest rates are as follows:
| Fixed Period | Interest Rates |
|---|---|
| 3-Year | 6.500% |
| 5-Year | 7.270% |
| 10-Year | 8.035% |
| 15-Year | 8.585% |
| 20-Year | 8.800% |
| 25-Year | 9.050% |
| 30-Year | 10.000% |
| Applicable to End-User Financing Program (Effective June 1, 2015) | |
Note: The new interest rates shall take effect for new housing loans that will be approved starting June 1, 2015.
We also confirmed the new interest rates when we visited the official website of Pag-IBIG. You will see a banner on their homepage that leads to a PDF file with the new interest rates, as seen below.
For more information:
If you need more info, please contact Pag-IBIG directly through the following:
- Telephone: 724-4244
- Website: www.pagibigfund.gov.ph
- Email: publicaffairs@pagibigfund.gov.ph
Cheapest mortgage ratesโฆ
With this update, Pag-IBIG now has the cheapest mortgage rates when the payment term is 15 years and above.
Security Bank still offers the lowest rate for a 10-year fixing period at only 8% per year.
Anyway, you can compare the interest rates from Pag-IBIG and other banks by visiting our home loan rates comparison chart, which we have just updated.
Home loan rates comparison chart updated
With the new interest rates from Pag-IBIG, we have also updated our Home Loan Interest Rates Comparison Chart, which you can access below.
We are also in the process of updating the rates for other banks, so if you know of other banks/lending institutions that have updated their interest rates, please let us know by leaving a comment below. Thanks.
P.S. If you are wondering if Itโs possible to restructure existing Pag-IBIG housing loans with their lower interest rates, the answer is Yes (I have actually done this!). I will tackle this in another articleโฆ please watch for it!
Iโm an ex-OFW from Libya. We were repatriated in March 2011. The problem is iโm paying a 284 sqm lot, and it cost 1.2 M. I have paid around 300K. Do you think PagIBIG can help me to own this lot? I want a smaller amortization because I cannot afford a higher one since Iโm no longer working abroad. My only resources now is 3 unit of jeepney and 4 door apartment. I need this lot badly because Iโm going to use it as workshop and garage for jeepneys coz iโm planning to acquire more units. Hoping for some advice.
Pag_ibig Fund has no lovefor its clientsโฆthey only love the likes of Manny Villar and Delfin Lee who both drained their Funds. People should instead go to commercial banks for housing loans since its more affordable. I know I experienced Pag-Ibig Fund fake love to housing clients.
Hi Rolly, Iโm sorry to hear youโve had a bad experience.
For me, Pag-IBIG has been very helpful. When our house got devastated by Ondoy, we got 3 months loan amortization moratorium and then we were able to claim flood damage insurance. Later on, I was also able to lower my monthly amortization for the same house from more than Php15,200/mo (with 12% annual interest) to just about Php9K/mo (6.985% annual interest).