Pag-IBIG’s plan to raise savings rate gets labor groups’ support

THE HOME Development Mutual Fund (Pag-IBIG Fund) on Wednesday said labor and employer groups are backing its move to increase the three-decades old P100 monthly savings rate of members.

“The low interest rates of our home loans make home ownership within reach of our members, so much so that the availment of our home loans has grown tremendously. And for us to continue financing the growth in home loans of our members under such low rates, there is a need to increase our members’ P100 monthly savings,” Eduardo D. del Rosario, chairman of the Housing and Urban Development Coordinating Council (HUDCC) and Pag-IBIG Fund Board of Trustees, said in a statement.

 

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