RECORD-HIGH P11.67-B MULTI-PURPOSE LOANS

SA UNANG tatlong buwan ng 2019 ay nagpalabas ang Pag-IBIG Fund ng record-high P 11.67 billion na multi-purpose loans (MPL), o mas kilala bilang cash loans, sa may 571,681 miyembro nito.

Ang MPL disbursement para sa first quarter ng taon ay nagtala ng 7 percent year-on-year growth at nahigitan ang P10.92 billion na ipinalabas sa kaparehong panahon noong nakaraang taon ng P751 million. Ang halaga ng cash loans at bilang ng mga miyembro na natulungan ng ahensiya sa pamamagitan ng MPL program nito ay kapwa pinakamataas para sa anumang January-March period.

“We are exerting all efforts to help Pag-IBIG members following the directive of President Rodrigo Roa Duterte to provide Filipinos with affordable loans so that they will not resort to loan sharks. In the first quarter of 2019, MPL disbursements helped 571,681 members with their immediate financial needs,” wika ni Secretary Eduardo D. del Rosario, chairperson ng Housing and Urban Development Coordinating Council (HUDCC) at ng Pag-IBIG Fund Board of Trustees.

Sa MPL program ng Pag-IBIG Fund, ang mga qualified member ay maaaring makahiram ng hanggang 80% ng kanilang total Pag-IBIG Regular Savings,  na binubuo ng kanilang monthly contributions, kanilang employer’s contributions, at naipong dibidendo. Ang loan ay maaaring bayaran sa loob ng 24 buwan at may deferred first payment.  Ang MPL ay may interest rate na 10.5 percent per annum. Malaking bahagi ng kinikita ng Pag-IBIG Fund mula sa loan program ay ibinabalik sa mga miyembro nito sa pamamagitan ng dibidendo.

“While Pag-IBIG is known for our housing loan programs, our multi-purpose loan program serves as an affordable and readily-accessible source of cash loans. The MPL proceeds can be used for tuition fees, medical expenses, minor home improvement, capital for business, or even for vacation expenses,” sabi ni Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti.

“We understand that our members borrow through MPL because of an immediate need, so we made sure that we will be able to process their loan applications promptly. With the stabilization of our upgraded system last year, members are now able to receive their loan proceeds in an average of 1.7 working days. This faster processing time allowed us to serve more members, which is reflected in the 11% growth in the number of loan releases or an additional 57,865 members we have served from January to March this year against same period in 2018,” dagdag pa niya.

“In total, the Pag-IBIG Fund released P 12.05 billion in short term loans benefitting 593,269 members in the first quarter of this year. This includes the amount disbursed through its MPL Program and the P 384.03 million in Calamity Loans it released to aid 21,588 members.”