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Pag-IBIG cash loan ready to provide financial assistance to members as school season begins
Pag-IBIG Fund officials announced on Wednesday (09 August) that its cash loan, the Pag-IBIG Multi-Purpose Loan, is ready to assist members with their school-related fees as the academic season starts this month.
As of June this year, the agency has assisted 1,182,996 members with their financial needs with the release of cash loans totaling a record high P26.17 billion. Of this amount, 13.8% or P3.61 billion were released to aid 134,140 members with tuition and enrolment fees, and other school-related expenses.
Read morePag-IBIG Calamity Loan ready for members affected by Typhoons Egay and Falcon
Pag-IBIG Fund announced on Tuesday (02 August) that the agency has allocated P3 billion in calamity loan funds to help members affected by Typhoons Egay and Falcon.
“Pag-IBIG Fund has allocated calamity loan funds to help affected members in Ilocos Norte, Ilocos Sur, La Union, Pangasinan, the Cordillera Administrative Region (CAR), Bulacan, Pampanga, Bataan, and Cavite, recover from the devastation caused by Typhoons Egay and Falcon.” said Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements.
Read morePag-IBIG Fund posts record high P20.61B income in H1 2023, up 11%
Pag-IBIG Fund netted a record high income of P20.61 billion in the first half of 2023, the agency’s top executives announced on Thursday (July 20).
From January to June, Pag-IBIG Fund’s gross income reached P35.03 billion, while net income amounted to P20.61 billion. Compared to the same period last year, gross income grew by 12% or P3.80 billion while net income increased 11% or P2.05 billion, driven mainly by earnings from its housing and short-term (cash) loans, and investment portfolios.
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