SSS HOUSING LOAN – How Much You Can Borrow For House Repair

Guide on How Much You Can Borrow For House Repair Under SSS Housing Loan

SSS HOUSING LOAN – Here is a guide on how much you can borrow under the housing loan offer of the Social Security System for house repair purposes.

SSS members are entitled to a lot of benefits. When in the face of sickness, as long as you have reached the contribution requirement, you may apply for the SSS Sickness Benefit. There are also death and funeral benefits if the member passes away.

Most of these benefits are enjoyed by people who are working in the private sector or the private employees. Another huge part of the SSS members belong to people who have their own business or are self-employed.

Aside from the benefits, the members of the social insurance institution may also be eligible for loan offers. One of these loans is the SSS Housing Loan. A member may apply for it for the purpose of house repair.

Based on the official website of the Social Security System, there is a contribution limit in applying for the Housing Loan for house repair. It is part of the eligibility requirements set by the social insurance institution. The borrower must:

• be an active member of the SSS who has paid at least 36 months contributions and 24 months continuous payment prior to application
• not be older than 60 years old
• have not availed an SSS or NHMFC loan for house repair before
• have not been granted final SSS benefits

Do you want to know how much you can borrow under the SSS Housing Loan? Here is the maximum amount that you can borrow from the social insurance institution:

• Maximum Loanable Amount – Php 1,000,000.00

Are you planning to apply for the said SSS loan offer? For a guide on the application process and the requirements needed, you may visit – SSS Housing Loan: How To Apply for House Repair Loan To SSS.

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