Housing loan borrowers who will avail of units under the Pambansang Pabahay (4PH) program through Pag-IBIG Housing will enjoy an even lower interest rate.
Pag-IBIG said the Department of Human Settlements and Urban Development (DHSUD) will subsidize up to 5 percent of the loan’s outstanding interest rate.
This will make the interest rate even lower than what Pag-IBIG Fund currently provides, which is considered the lowest in the market.
“Our housing agenda aims to ensure that all Filipino workers have the means to accessible and affordable housing opportunities. Through the subsidies extended to beneficiaries of the 4PH program, prices of homes and monthly amortization costs will be significantly reduced,” said Secretary Jose Rizalino Acuzar, who leads the DHSUD and the 11-member Pag-IBIG Fund Board of Trustees.
Acuzar said 4PH also showcases green features, providing communal open spaces and gardens, as well as amenities such as swimming pools and basketball court.
He said future homeowners of the Pambansang Pabahay housing units will experience a well-designed and self-sufficient community through a township model. This framework allows residents to live within cities with access to commercial spaces, educational institutions, healthcare centers, and other essential infrastructure.
Interested Filipino workers can easily avail of the 4PH program through their Pag-IBIG Fund membership by applying for a special Pag-IBIG housing loan under 4PH, and by coordinating with their local government housing board so that they may be listed under the 4PH program’s pre-identified applicants.
Marilene Acosta, Pag-IBIG Fund chief executive officer, said the Fund’s 4PH-Direct Developmental Loans provide the program proponents and property developers with financial means to develop housing projects and affordable. Interested buyers can avail of the 4PH Housing Loan and enjoy interest and amortization subsidies and borrower-friendly loan terms, assuring them of affordable monthly payments within their budget.
