10 months Pag-IBIG Fund mulls higher contribution rate in 2021 MB |Biz
By Chino Leyco State-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is considering to raise its three-decade-old members’ contribution rate to keep up with the rising demand for housing loans while retaining its artificially low interest rates. In a briefing, Eduardo D. del Rosario, Pag-IBIG Fund chairman said late Monday that they are looking increasing the members’ monthly savings obligation by P50 to P150 in 2021 or 2022 from the current level of P100. (MANILA BULLETIN) “We have discussed this during our previous board meeting and if ever the demand [for housing loans] will be so high then ... more