Manila, May 7 -- Home Development Mutual Fund or Pag-IBIG Fund members can borrow up to 90 percent of their savings starting May 16.

"Mas pinadali at pinalaki na ang Pag-IBIG Multipurpose Loan sa pamamagitan ng 90 percent loanable amount mula sa iyong savings, pinaikling 12-month eligibility, at mas maraming repayment options (The Pag-IBIG Multipurpose Loan has become bigger and more accessible with a 90 percent loanable amount from your savings, shorter 12-month eligibility, and more repayment options)," the agency said in a public advisory on Wednesday.

This enhancement is part of its goal to provide more members with accessible funds for future needs.

Members with upgraded Regular Savings can avail of a larger loan since loan entitl...