CEBU, Philippines – The Home Development Mutual Fund (Pag-IBIG Fund) has extended an incentive program for housing loan borrowers who are up-to-date with their payments.
The extension, approved by Pag-IBIG Fund’s Board of Trustees headed by Vice President Jejomar Binay, will benefit some 76,000 members.
In a statement to The FREEMAN, Binay said by continuing the program, the fund further encourages its members to be good payors.
He said he is glad that a substantial number of members are paying their loans diligently and on time.
The program aimed at improving the institution’s collection efficiency by encouraging members to pay their amortizations on time.
Darlene Marie B. Berberabe, the fund’s chief executive officer, said eligible borrowers under the housing loan program are entitled to a maximum of two percent discount on their interest if they pay on or before their due date.
The fund had granted P269.8 million in discounts in 2010 alone. Since the start of the program in 2007, the fund has granted P1.2 billion in discounts to qualified borrowers.
Berberabe said over 76,000 borrowers stand to benefit from the program’s extension, which is up to May 31, 2012. — (FREEMAN)
World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
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Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
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Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
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Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
