Guide on SSS Housing Loan Interest Rate for House Repair Purposes
SSS HOUSING LOAN INTEREST RATE – Here is a guide on the interest rate implemented by the Social Security System under its loan offer for house repair purposes.
The Social Security System of more commonly called as SSS provides a lot of benefits and offers for its members. Most of the members of this social insurance institution are people working in private companies and those who have their own businesses.
The SSS member benefits include cash assistance when a member is sick and fails to report to work for at least four(4) days and if the member meets a permanent disability. Aside from the said benefits, it also has loan offers for its members.
One of the loans provided by the Social Security System is the SSS Housing Loan for house repair. Undeniably, getting a house repaired or renovated usually require a huge amount to fully push through with it.
SSS offers a high loanable amount under the said loan offer. Do you want to know how much you can borrow? You may visit – SSS HOUSING LOAN – How Much You Can Borrow For House Repair.
According to the social insurance institution, the loan is payable from five(5) to twenty(20) years for locally employed or self-employed borrowers. For overseas Filipino workers, the maximum loan tenor is fifteen(15) years.
SSS has also provided the SSS Housing Loan Interest Rate implemented under the said offer. It is on an annual basis.
SSS Housing Loan Interest Rate – 9% per annum
Do you want to apply for the said offer? For a guide on how to do it, you may visit – SSS Housing Loan: How To Apply for House Repair Loan To SSS.
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