Looking for an SSS Housing Loan Calculator to Check on the Loanable Amount?
SSS HOUSING LOAN CALCULATOR – Are you wondering how much you may borrow under SSS Housing Loan for repairs or improvements?
Truth be told that while a lot is a good investment as its value only goes an upward trend, a house is a property that requires money for maintenance. The materials may have a validity as to until when it can only perform at its best or certain calamities may cause damages to the house.
Undeniably, whether it is a house repair or improvement or renovation, it may need a huge amount of money depending on the repairs or changes to be done. It is advised to used durable materials although it might be quite pricey to prevent frequent house repairs.
Meanwhile, if you are a member of the Social Security System (SSS), you have the social insurance institution to turn to for house repair or improvement assistance. It is one of the purposes covered by the SSS Housing Loan.
The SSS Housing Loan for house repairs or improvements are open for several purposes as well. You may apply for it for major repairs and as well as the following:
- completion of an occupied bare house
- extension or expansion and enhancement of economic and aesthetic value of an existing housing unit
- installation of deep well and motor pump
- construction of concrete fence and steel gate
How much you may borrow for house repairs or improvements under this SSS Housing Loan offer? You may be looking for an SSS Housing Loan calculator.
However, the social insurance institution has not provided an SSS Housing Loan calculator. Instead, it directly stated the loanable amount. You may borrow up to P1 million. The amount that SSS may lend you will depend on these factors:
- the appraised value of the collateral
- the borrower’s capacity to pay
- the actual need for the house repair or improvement
Do you want to apply for the said loan offer? You may visit – Apply for SSS Housing Loan for Repairs / Improvements – How To Apply for It.