Guide on SSS House Renovation Loan Requirements 2025 for Application
SSS HOUSE RENOVATION LOAN REQUIREMENTS 2025 – Self-employed members of the Social Security System must comply and submit these documents.
The Philippines, being a country that lies within the Pacific Ring of Fire, is usually hit by calamities most especially typhoons. Truth be told that many residential properties were damaged by the recent storms including Typhoon Tino that have hit many parts of the country.
Are you one of the Filipinos whose house was damaged by a calamity? You might have yet to know that if you are a member of the Social Security System or more popularly called SSS, it has several offers that you may turn to.
When a natural disaster strikes and you need some assistance, aside from the SSS Calamity Loan offer, another loan product that SSS members may turn to is the SSS House Renovation Loan. Undeniably, this loan offer is not as popular as the many other benefit and loan offers of the state-run entity.
The SSS House Renovation Loan is not actually for the financing of home renovations due to calamities alone. You may also apply for it even if you want just to renovate or improve your house or do some repair of the damages caused by other factors apart from the calamity.
The SSS House Renovation Loan is ready to finance several kinds of repair including the extension or expansion and enhancement of economic and aesthetic value of an existing housing unit, the completion of an occupied bare house, and the repair of dilapidated and structurally unsafe housing units.
Who are qualified to apply for the SSS loan offer? Aside from the employed members of the social insurance giant, members of the state-run entity who are self-employed may also apply for the loan offer provided that you meet the following eligibility criteria:
- member of SSS who has at least thirty-six (36) months contributions and twenty-four (24) continuous contributions in the period prior to application
- not more than sixty (60) years old at the time of application
- not previously granted a repair and/or improvement loan by the SSS or NHMFC
- not been granted final SSS benefits
- borrower and spouse is updated in the payment of their other SSS loan(s), if any
If you are a self-employed member of the Social Security System, here are the personal documents that you need to prepare and submit to the social insurance giant in applying for the loan offer:
- duly-accomplished SSS Housing Loan Application Form for Direct House Repair and/or Improvement Loan (2 copies)
- SS ID Cards of the principal applicant and his/her spouse, if applicable
- Income Tax Returns and Financial Statements for the last three (3) years (original and one photocopy)
The requirements in applying for the SSS House Renovation Loan includes the documents pertaining to the property to be repaired or improved. Here are the collateral documents that you will need in applying for the offer:
- Building or Renovation Permit issued/approved by the Building Official with Locational Clearance, Electrical Permit, Sanitary/Plumbing Permit and corresponding official receipts of payments (original and one (1) photocopy
- Certified true copy of the Original/Transfer/Condominium Certificate of Title (OCT/TCT/CCT) issued by the Registry of Deeds together with owner’s duplicate copy*
- latest Tax Declaration of Real Property (land and building) with the Official Receipt of Realty Tax Payment (original and one (1) photocopy)
- Lot/Location Plan prepared, signed & sealed by a licensed geodetic engineer with the following:
- sketch of the lot with description of its boundaries
- lengths and bearings of the tie line and sides of the lot
- vicinity map w/ landmarks, street pattern, street names and lot distance as reckoned/based from the lot to the nearest street intersection (2 copies)
- Consolidation-subdivision plan approved by the Land Registration Authority or Bureau of Lands/DENR-NCR (15” x 20” size; primary document) (1 copy)
- complete set of building plan
- specifications and Bill of Materials & Labor must be signed & sealed by a licensed civil engineer or architect with owner’s conformity
- scope of Works showing list/itemized works to be done according to priority, prepared and signed by owner, civil engineer or architect. (original and one (1) photocopy)
- pictures of existing collateral; the existing house and lot
- 1st – Front and one side
- 2nd – Rear and other side
- 3rd – Kitchen counter
- 4th – Toilet and Bath Pictures
The Social Security System has set a different list of collateral requirements in the case of repairing or improving a condominium unit. You need to prepare and submit the following SSS House Renovation Loan requirements to the SSS if you will repair a condo unit:
- Floor plan of the specific condominium unit, scaled with size dimensions (20” x 30” size, blue/whiteprint copy) signed & sealed by licensed architect or civil engineer
- First page of the condominium building plans showing the site development plan, vicinity map, etc., as approved by the Building Official
- Architectural Plans showing the plan of the specific floor where the unit is located; Floor plan should be scaled with size dimensions
Aside from the Calamity Loan and a Housing Loan offers of the social insurance giant, it also has the SSS Cash Loan.