SSS & Pag-IBIG will offer Bigger Loans at Lower Rates

Good news from Home Development Mutual Fund or Pag-IBIG fund and Social Security System (SSS): They are offering members bigger loans at lower interest rates.


Details 
Pag-IBIG members earning minimum wage and with at least two years of monthly contributions can apply for housing loans.
Minimum Wage Earners can be offered up to P400,000
Members with higher salaries can loan up to P3 million
Interest rate is 4.5% a year (down from 6%)
Loan applications start on July 1, 2012
Depending on the applicant's capability, the interest rate would be reduced from 11 %
Visit http://www.pagibigfund.gov.ph/ for more information.


Details 
Loan interest rates drop from 13% to 5%
Members may apply for housing loans up to P2 million
For home packages, three members could tuck-in their privilege up to P6 million
Visit http://www.sss.gov.ph/ for more information.
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