Good news from Pag-IBIG fund and Social Security System (SSS): Pag-Ibig and SSS are offering members bigger loans at lower interest rates.
Pag-IBIG members earning minimum wage and with at least two years of monthly contributions can apply for housing loans.
Minimum Wage Earners can be offered up to P400,000
Members with higher salaries can loan up to P3 million
Interest rate is 4.5% a year (down from 6%)
Loan applications start on July 1, 2012
Depending on the applicant’s capability, the interest rate would be reduced from 11 %
Members may apply for housing loans up to P2 million
For home packages, three members could tuck-in their privilege up to P6 million
Visit http://www.sss.gov.ph/ for more information.