MANILA, Philippines — Pag-IBIG Fund has announced it will continue offering a 3% annual interest rate for socialized housing loans under the Expanded Pambansang Pabahay para sa Pilipino Program (4PH), ensuring affordable homeownership for low- and moderate-income Filipinos despite rising global economic pressures.

The Pag-IBIG Fund confirmed that it will maintain its 3% socialized housing loan rate, a move aligned with President Ferdinand R. Marcos Jr.’s directive to make housing more accessible for Filipino workers. This decision comes at a time when global oil market volatility, driven by the ongoing Middle East conflict, continues to affect prices of goods and services.

In a statement, Pag-IBIG Fund emphasized that the rate will remain available to qualified borrowers under the government’s flagship 4PH program. “In keeping with the directive of President Ferdinand R. Marcos Jr., we shall continue to provide our members with the lowest interest rate for socialized housing loans at 3% per annum,” the agency said.

The 3% loan rate is considered one of the most affordable in the market, designed to help minimum-wage earners and low-income families achieve homeownership. This initiative is part of the administration’s broader housing agenda, which aims to build one million housing units annually to address the country’s housing backlog.

At the same time, the government has approved higher price ceilings for socialized housing projects, including subdivisions and condominiums. The updated ceilings, issued under the Department of Human Settlements and Urban Development and the Department of Economy, Planning, and Development Joint Memorandum Circular No. 2025-001, reflect current construction costs and allow developers to deliver better-quality homes with improved safety standards.

Pag-IBIG Fund officials noted that the combination of affordable loan rates and updated housing price ceilings will benefit Filipino workers by ensuring access to decent, durable, and safe housing. This policy is expected to encourage more developers to participate in socialized housing projects, thereby expanding options for families across the country.

The announcement underscores the government’s commitment to prioritize housing as a key social service, especially for vulnerable sectors. By keeping the 3% rate intact, Pag-IBIG Fund is helping shield Filipino families from the impact of inflation and global economic uncertainties while supporting the national goal of inclusive growth through homeownership.

This decision is expected to strengthen confidence among workers and developers alike, ensuring that the dream of owning a home remains within reach for millions of Filipinos despite challenging times.