Pag-IBIG is the cheapest way to finance a home in 2026 if you qualify, after it cut rates and raised its loan ceiling. Bank rates have risen as the central bank lifted its policy rate four times this year.
Last updated: October 2026
Pag-IBIG Fund's promotional rates run to the end of 2026. In July 2026 it raised the maximum loan to ₱10 million, from ₱6 million.
| Loan type | Rate |
|---|---|
| Socialized housing (Expanded 4PH) | 3% |
| Above the socialized ceiling, up to ₱2.5M | 4.5% |
| Open market, up to ₱10M | 5.75% |
Published bank rates in September 2026, from the shortest fixing period to the longest the bank lists. Promotions change often, so confirm with the bank before you apply.
| Bank | Published fixed rates |
|---|---|
| BDO | 6.00% (promo) to 8.50% (10-year fix) |
| BPI | 7.00% to 10.25% |
| PSBank | 7.00% to 9.25% |
| Security Bank | 7.00% to 7.75% |
| China Bank | 7.50% to 8.00% |
| EastWest | 7.00% to 7.99% |
The BSP raised its target reverse repurchase rate from 4.25% in February 2026 to 4.50% in April, 4.75% in June and 5.00% on 27 August 2026, with inflation at 7.2% in September. Bank housing loans follow the policy rate with a lag, so fixing for longer costs more.
Pag-IBIG released ₱69.19 billion in home loans for 43,051 homes in the first half of 2026, up 15% by value. Bank residential real estate loans in Metro Manila rose 11% year on year in Q2 2026.