Pag-IBIG Ups Loan Limit to 90% of Savings, Cuts Eligibility Requirement to 12 Months

The Pag-IBIG Fund has raised the maximum loan amount its members can borrow through its multi-purpose and short-term loan programs to 90% of their total regular savings, up from the previous 80%.

In a statement released Thursday, Pag-IBIG said the adjustment is aimed at giving members easier access to funds during times of need. The new loan cap also applies to the fund’s Health and Education Loan Programs (HELPS) and Calamity Loan.

In addition, members now only need to have 12 months of contributions—down from 24 months—to qualify for a loan, enabling newer members to access financial aid more quickly.

The changes will take effect on May 16, 2025.

Pag-IBIG also introduced a new one-year repayment term for its multi-purpose loan, giving members more flexibility on top of the existing two- and three-year terms. Despite the enhancements, the loan remains affordable with a monthly interest rate of 1.4583%, said Pag-IBIG CEO Marilene Acosta.

In 2024, Pag-IBIG disbursed a record ₱70.3 billion in loans to over 3.2 million members. For 2025, the agency targets to assist around 3.6 million members, with projected disbursements reaching ₱95.3 billion.