Pag-IBIG Fund released P20.94 billion in home loans in the first quarter of 2021 despite the pandemic its top officials announced Tuesday (April 13).
We are happy to report that our home loan releases in the first three months of 2021 have increased compared to the same period last year. This increase in our home loan releases means that more Filipino workers are being helped by Pag-IBIG Fund to secure their own homes, which is very important at this time of pandemic.”, said Secretary Eduardo D. del Rosario, who heads the Department of Human Settlements and Urban Development and 11-member Pag-IBIG Fund Board of Trustees.
Meanwhile, Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti noted that even if measured against the period prior to the implementation of community quarantines, there was still an increase in home loans. He further expressed optimism that the numbers will continue to rise, especially as the economy continues to reopen.
We are glad that our momentum in the last quarter of 2020 carried over to first of 2021, despite the challenges caused by the pandemic. We anticipate that our momentum will continue in the succeeding quarters, barring any major catastrophic event, so we help more members become homeowners”, Moti said.
