Wexistence

Wexistential Crises, Wayward Thoughts, Welcome Distractions and Willful Pursuits

Housing Loan

with 2 comments

Dear Pag-Ibig Fund,

I think you need to reconsider the branding of your housing loan. There’s really nothing abot-kamay about your “Abot-Kamay Pabahay” program. For a government institution that’s supposed to be helping out poor people, your interest rates aren’t much better than the commercial banks and the minimum salary your require for bigger loans is kind of ridiculous. If we were making that much money in the first place we wouldn’t need a freaking loan.

Sincerely,
Aissa
Aspiring Home Owner

Written by Aissa

March 18, 2009 at 9:20 pm

Posted in personal

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2 Responses

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  1. haha magkano ba gusto nila?

    tessgarcia

    March 25, 2009 at 10:24 pm

  2. 10.5 for loans of 800K to 2M. And that’s just for the first three years. It gets higher. At BDO you can get a loan with an interest rate fixed at 11.5 or floating starting at 9.5. If we took out a 2M loan from Pag-Ibig and paid it back over 20-30 years, we’d end up paying thrice the value of our property.

    Aissa

    March 25, 2009 at 10:35 pm


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