Pag-IBIG partners with PCG

The Home Development Mutual Fund, more commonly known as Pag-IBIG, has teamed up with the Philippine Coast Guard (PCG) to expand access to housing and financial programs for over 34,000 uniformed personnel across the country.

In a meeting with PCG senior officials, Pag-IBIG Fund’s Marketing, Product Development, and Sales Cluster discussed opportunities to bring its services directly to Coast Guard members.

Pag-IBIG Fund Chief Executive Officer Marilene Acosta outlined various programs designed to support the financial and housing needs of PCG personnel. These include the Pag-IBIG Housing Loan Program, Modified Pag-IBIG 2 (MP2) Savings Program, Pambansang Pabahay Para sa Pilipino (4PH), Acquired Assets Group Sale, and the Pag-IBIG Loyalty Card Plus.

“Pag-IBIG Fund is always ready to bring our programs and services closer to our fellow public servants,” said Acosta. “We look forward to helping the gallant men and women of the Philippine Coast Guard in accessing their Pag-IBIG Fund benefits to help them with their housing needs and gain better financial literacy through our savings programs.”

PCG Admiral Ronnie Gil Gavan welcomed the partnership and offered support for expanding Pag-IBIG’s presence within their facilities. “We are willing to allocate an office space for Pag-IBIG within our compound so that our personnel can easily access their services,” he said.

In support of its members, Pag-IBIG has also maintained lower interest rates for its housing loan programs. Through the end of June, the interest rate remains at 6.25% per year for the three-year repricing option, and 5.75% for the one-year repricing option. For minimum-wage earners, a subsidized interest rate of just 3% per year continues to be offered—currently the lowest in the market.

With commercial home loan rates ranging from 6.82% to 8.78%, Pag-IBIG’s affordable lending terms stand out as the agency enters its second straight year of reduced rates.