Financing
Pag-IBIG Fund / HDMF
Government housing fund offering affordable home loans
Definition
Pag-IBIG Fund (Home Development Mutual Fund/HDMF) is a government agency that provides affordable housing loans to members. Benefits include lower interest rates (5.375-10.375% p.a.), up to ₱6 million loan amount, and 30-year maximum term. Requires at least 24 monthly contributions to qualify.
Tips & Things to Know
- 1Start contributing early to build up your loan eligibility
- 2Pag-IBIG rates are typically lower than bank rates
- 3Processing takes 1-3 months, plan accordingly