MANILA, Philippines — Housing loan collectibles of the Social Security System (SSS) have reached P6.8 billion with the state-run pension fund now transitioning to a real-time processing of loans for members’ convenience. As of end-December 2023, SSS said it has 3,744 mortgagors with home loan collectibles worth P6.83 billion. As such, SSS is implementing the mandatory use of paym...
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Understanding Common Housing Loans in the Philippines: Pag-IBIG, Bank Loans, Private Lending, and More Owning a home is a significant milestone for many Filipinos, and various housing loan options are available to facilitate this dream. Understanding the diverse array of options can help individuals make informed decisions about which one suits their needs best. 1. Pag-IB...
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Real Estate Investment Financing Options: Traditional vs. Alternative Lenders Real estate investment can be an excellent way to build wealth and generate passive income. However, investing in real estate can require a significant amount of capital, and most investors need to obtain financing to get started. Traditional lenders, such as banks and credit unions, have long been the go-to option fo...
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SMALL BUSINESS Corp. (SB Corp), the financing arm of the Department of Trade and Industry (DTI), has released almost P40 million in loans to Marawi City’s internally displaced persons and uniformed personnel to help the city rebuild after the five-month siege in 2017. “In line with President Rodrigo Duterte’s promise to continue the programs helping our kababayan in...
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MANILA, Philippines — More than 1.5 million pensioners of the Social Security System (SSS) may now borrow up to P200,000 from the state pension fund under its Enhanced Pension Loan Program (PLP), a top official said yesterday. In a statement, SSS president and chief executive officer Aurora Ignacio said they launched the enhanced PLP pursuant to Social Security Commission (SSC) Resolution...
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STATE-RUN Pag-ibig Fund saw housing loan takeout in Visayas grow 15 percent in the first half of this year, an indication of a robust housing market in the region. Housing loans availed by its Visayan members from January to June totaled P4.49 billion, accounting for 12 percent of the nationwide loan takeout. This translated to a total of 4,250 housing units, up 23 percent from 3,461 in the...
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