Home loan applicants seen rising post-POGO

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THE Home Development Mutual Fund, also known as the Pag-IBIG Fund, is bullish about a potential surge in housing loan applications following the exodus of Philippine Offshore Gaming Operators (Pogos) from the country, which is seen to leave many condominiums vacant.

Hopefully, that gives a surge that pushes the needle when it comes to housing loan availments,” Jacinto said.

This year, Pag-IBIG targets to release P143 billion in home loans and benefit about 115,000 members.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Jacinto Pag-ibig Loans Housing Percent 2024 Fund Loan Billion Borrowers Members

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 16:08:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 633 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23556318

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