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Pag-IBIG penalty condonation set

Manila, Philippines – Pag-IBIG Fund Board of Trustees chairman Vice President Jejomar C. Binay said that this is to provide “delinquent borrowers an opportunity to make good on their housing loan obligations.”

“We hope that our members realize that when they borrow money from the Fund, and from any other lending institutions, they have obligations to fulfill. As members, they also have a responsibility to keep the Fund secure. Thus, I strongly encourage them to avail themselves of this final opportunity that we are offering,“ Binay said.

Binay said Pag-IBIG’s mandate is to assist Filipino workers realize their dream of owning their homes.

“This is why Pag-IBIG’s housing loan programs provide for the most convenient terms and conditions with interest as low as six percent per annum and payment terms as long as 30 years. But then, our borrowers should fulfill their obligations with Pag-IBIG,“ he said.

Pag-IBIG Chief Executive Officer Atty. Darlene Marie B. Berberabe said housing borrowers should understand that the loan extended to them was pooled from the hard-earned savings of other members.

“This makes it all the more imperative for us to recover the money we lent to them. If a bor rower defaults in his payment, Pag-IBIG will institute appropriate proceedings. So we would like to give our borrowers this last chance to pay their obligations with PagIBIG Fund,“ Berberabe said.

Berberabe advised borrowers to call the Loans Management Group Billing and Collection I Department at telephone numbers 811-4245, 848-8248, 848-8288, and 8114029 and Billing and Collection II Department at numbers 811-5184, 848-8241, 848-8287, 848-8294, or 848-8286 for more information on the program. (JC Bello Ruiz)

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