Pag-IBIG borrowers surge 28% in 10 months

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December 4, 2025 | 12:00am

MANILA, Philippines — The state-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, reported that borrowers increased by 28 percent from January to October compared to the same period last year, reflecting growing demand for affordable financing loans among Filipinos.

In a statement, Pag-IBIG reported that 3.2 million Filipinos relied on its short-term loans to meet immediate financial needs during the first 10 months of the year.

Pag-IBIG Fund CEO Marilene Acosta said the agency increased the loanable amount under its short-term loan programs earlier this year, which allowed members to borrow up to 90 percent of their Pag-IBIG regular savings.

These savings are made up of several components, including the members’ regular monthly contributions, the corresponding share contributed by their employers and the annual dividends that accumulate over time.

“We recognize that our short-term loans continue to support millions of our members during life’s most urgent moments,” she said. “We work hard to ensure that our loans are easy to apply for, are processed quickly and are conveniently released through the Pag-IBIG Loyalty Card Plus.”

The fund reported that out of the 3.2 million members who received assistance, 2.74 million opted for the multi-purpose loan to fund school expenses, medical expenses, livelihood projects, home repairs and various other essential personal and family needs.

In addition, another 535,546 Pag-IBIG members were able to benefit from the agency’s calamity loan program, which provided crucial financial support to help families recover and rebuild their homes and livelihoods following typhoons, floods and other disasters.

Acosta said the agency continues to support members daily, helping parents cover school expenses, workers pay medical bills and individuals sustain their livelihoods. She added that members can even apply online, making the process more accessible and convenient.

The fund’s chief further noted that members directly benefit from the Short-Term Loan programs, as a large share of the interest income earned is distributed back to them annually as dividends in their Pag-IBIG Regular Savings and MP2 Savings accounts.