Guide on SSS Housing Loan 2025 Offer for Members
SSS HOUSING LOAN 2025 – The Social Security System Housing Loan offer is packed with unique features that qualified members may avail through applying for the offer.
Nowadays, Filipinos have a lot of choices when it comes to housing loans. Aside from the popular Pag-IBIG Housing Loan offer, the Social Security System which has a huge member populace also have its own Housing Loan offer.
Aside from the SSS Salary Loan which is a multi-purpose cash loan offer and the several SSS benefits that members may avail, the social insurance giant has the SSS Housing Loan that is packed with unique features. Unlike most housing loan offers, the Housing Loan offer of the social insurance giant is designed specifically to finance house repairs and home improvements.
The SSS Housing Loan offer is a lending program that is directly under the Social Security System. It is made to finance major repairs, particularly for dilapidated and structurally unsafe housing units.
Qualified members of the social insurance giant may also apply for the loan offer for home improvement purposes. It can finance several purposes including the following:
- 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 SSS Housing Loan offer is open for employed and self-employed members of the social insurance giant who have posted at least thirty-six (36) months contributions and twenty-four (24) continuous contributions in the period prior to application. The member must be not more than 60 years old at the time of the loan application and not a recipient of a final benefit.
Under the loan offer, the Social Security System accepts “Transfer Certificate of Title/Original Certificate of Title/Condominium Certificate Title (TCT/OCT/CCT) registered under the Torrens System issued by the Registry of Deeds in the name of the principal borrower and/or his spouse free from liens and encumbrances”. The following collaterals are not accepted under the offer:
- Land type other than residential
- Less than 15 sq. meters floor area, in case of condominium
- Less than 32 sq. meters lot area
- Road right of way is less than 2.0 meters
- Free/Homestead/Misc. Sales Patent Titles
The Social Security System will appraise the property and there are factors considered with regards to the SSS Housing Loan loanable amount. The loan is payable for up to 20 years for non-Overseas Filipino Worker (OFW) members of the social insurance giant and up to 15 years for OFW member-borrowers.
As mentioned earlier, the loan is opened for both employed and self-employed members of the SSS. There are varying requirements under the offer which are as follows: