What is the interest rate for the Pag-IBIG Affordable Housing Loan for Minimum-Wage Earners?

The interest rate for the Pag-IBIG Affordable Housing Loan specifically designed for minimum-wage earners is set at 3% per annum. This rate is part of a government initiative to make housing more accessible and affordable for lower-income individuals and families. By offering a lower interest rate, the program aims to reduce the financial burden on minimum-wage earners, allowing them to secure housing without jeopardizing their economic stability. This initiative reflects a commitment to support vulnerable sectors in attaining homeownership, thereby contributing to overall community development and social equity.

The other rates listed do not apply to minimum-wage earners under this specific program, as the initiative is focused on providing targeted financial assistance to help this demographic achieve their housing goals more feasibly.