Guide on SSS Housing Loan Interest Rate under the Purpose of House Repair / Improvement
SSS HOUSING LOAN INTEREST RATE – Here is a guide on the interest rate implemented by the Social Security System for Housing Loan for repair or improvement per annum.
Every day, the Social Security System caters services to thousands of Filipinos. More commonly called SSS, it is a state-run social insurance agency where most of the members are either employees in the private sector or self-employed individuals. There are also overseas Filipino workers (OFWs) who are members of the social insurance agency.
The SSS has several offers for its members – benefits and loans. One of these is the SSS Housing Loan for house repair or improvement. It is open for members who have posted at least 36 monthly contributions.
The SSS Housing Loan interest rate is 9% per annum. For locally employed members and self-employed members, the maximum loan term is 20 years. For OFW members, the maximum loan term is 15 years.
Do you want to know how much you may borrow under this loan offer? Feel free to visit – SSS Housing Loan Loanable Amounts – Here’s How Much You May Borrow for House Repair / Improvements.
To apply for the loan offer, there are documents that you need to gather and prepare for the loan offer. To check the documentary requirements that you must submit in applying for the loan offer, you may visit – Requirements for SSS Housing Loan for House Repair / Improvement (LIST).
Aside from this SSS loan offer, the state-run social insurance agency has several other loan offers for its eligible members. One of them is the Salary Loan, a cash loan offer. To check on this loan offer, you may visit – SSS Cash Loan Application – How To Apply & the Requirements.