The Pag-IBIG Fund, officially known as the Home Development Mutual Fund (HDMF), is a government-run savings program in the Philippines designed to help Filipino workers save money and access affordable housing. It offers benefits such as savings programs, housing loans, and insurance coverage, aiming to improve the housing conditions of its members.
Contributions are made through payroll deductions or direct payments, and the fund provides financial assistance to members for home purchase, construction, or renovation. By pooling resources and offering low-interest loans, the Pag-IBIG Fund supports the goal of providing better living conditions and financial security for Filipino families.
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