Benise Balaoing

Pag-IBIG Fund in Makati City. Mark Demayo, ABS-CBN News

Article (news)

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ABS-CBN News

<p>MANILA -- The Pag-IBIG Fund is offering a new loan for home renovations.</p><p>In a statement, Pag-IBIG said its Home Equity Appreciation Loan or Pag-IBIG HEAL will allow users to borrow up to P6 million to improve their houses.</p><p>The agency said the amount to be loaned will be based on the borrower&#x27;s capacity to pay, the balance of their existing Pag-IBIG loan, or the net amount based on 60 percent of the latest appraised value of the property that was bought with a Pag-IBIG Housing loan. </p><p>Borrowers must have Pag-IBIG Fund accounts that are at least 5 years old. They must be in good standing and have updated payments in the last 12 months. They must not be above 65 years old.</p><p>Pag-IBIG Fund chief executive officer Marilene Acosta said this is the agency&#x27;s way of helping Filipinos with their home improvement projects.</p><p>“Habang tumataas ang halaga ng kanilang tahanan, maaari nilang magamit ito at mapagkunan ng pondo para sa mahahalagang pangangailangan,” she said.</p><p>“Nauunawaan naming hindi natatapos sa unang housing loan ang pangangailangang pinansyal ng aming mga miyembro,&quot; she noted.</p><div><a href="https://www.abs-cbn.com/news/business/2025/2/27/pag-ibig-fund-books-record-dividends-says-regular-savings-earn-6-6-pct-mp2-at-7-1-pct-1448" rel="noopener noreferrer" target="_blank">Pag-IBIG Fund books record dividends, says regular savings earn 6.6 pct, MP2 at 7.1 pct</a></div><div><a href="https://www.abs-cbn.com/news/business/2025/4/23/pag-ibig-launches-raffle-for-multi-purpose-loan-borrowers-2038" rel="noopener noreferrer" target="_blank">Pag-IBIG launches raffle for multi-purpose loan borrowers</a></div>

Pag-IBIG offers new loan for home renovations

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Pag-IBIG offers new loan for home renovations

Benise Balaoing,

ABS-CBN News

Published April 30, 2025 12:44 PM PHT

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