Pag-IBIG optimistic with reduced rates

STATE-OWNED Home Development Mutual Fund (Pag-IBIG) Visayas is targeting to release P11 billion worth of home loans this year.

For the Cebu hub, which covers Cebu, Tacloban and Negros Oriental, the agency aims to release P6.6 billion in home loans while target home loan takeout for the Bacolod hub (which covers Iloilo and Negros Occidental) is pegged at P4.4 billion.

Pag-IBIG Visayas Business Development Manager Rio Teves is optimistic they will hit or even exceed the target loan takeout following the reduced interest rates implemented by Pag-IBIG starting Feb. 14.

Mga Komento