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What is the interest rate on the Pag-Ibig housing loan?

April 26, 2017HOUSING Interest rate loan pag-ibig

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What is the interest rate on the Pag-Ibig housing loan?

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Here’s the best news. PAGIBIG already as the lowest housing loan interest rate compared to the banks and has recently approved an even lower rate. Before November 23, 2006, the rate for a P300,000 loan was 9 percent. It has now been lowered to 6 percent. The highest loan rate previously was 14 percent for a P2 million loan. Currently this has been lowered to 13.5 percent. This means that the monthly amortization for a P300,000 loan for a socialized house for 30 years has been reduced to P1,798.65 from P2,413.87 previously.