Guide on the SSS Housing Loan Application Process
SSS HOUSING LOAN APPLICATION – Here is a comprehensive guide in applying for the Housing Loan offer of the Social Security System for home improvement.
Aside from the SSS Salary Loan offer, the Social Security System also offers a Housing Loan for the purpose of home improvement and renovation. The offer is open to fund any of the following purposes.
- Major repairs, particularly for dilapidated and structurally unsafe housing units;
- Improvements which shall apply to:
- Extension or expansion and enhancement of economic and aesthetic value of an existing housing unit. Said improvements shall be permanently attached to the house.
- Completion of an occupied bare house.
- Construction of concrete fence and steel gate.
- Installation of deep well and motor pump.
The Social Security System has posted a range of the borrowing amounts under the loan offer. Kindly visit – SSS Housing Loan Loanable Amounts – Here’s How Much You May Borrow for House Repair / Improvements.
SSS Housing Loan Application
Step 1
Check the qualifications. To be eligible for the SSS Housing Loan application, the member-borrower must possess the following qualities:
- have active membership with the SSS
- have at least 36 total monthly contributions posted and 24 contributions made straight in the period prior to the application
- was not previously granted the same loan
- was not granted a final SSS benefit
Step 2
Gather the requirements. There are specific documents you need to submit in applying for the loan offer. Visit — Requirements for SSS Housing Loan for House Repair / Improvement (LIST).
Step 3
Go to a branch of the SSS nearest to you and submit your requirements. Wait for an update from the SSS regarding the status of your loan application.
With regards to the interest rate under the loan offer, you may visit – SSS Housing Loan Interest Rate – Here’s the Interest Rate per annum….
Before you proceed with your loan application, you have the opportunity to make use of the online calculator offered by the social insurance institution operated by the government. This calculator allows you to assess and determine your potential loan amount or monthly payments.
You may visit – SSS Housing Loan Calculator – How Much You May Borrow for Repairs/Improvements.
