Apply for SSS Housing Loan for House Repair / Improvement thru these Simple Steps

Guide on How To Apply for SSS Housing Loan for House Repaire or Improvement

APPLY FOR SSS HOUSING LOAN – Here is a guide in applying for this SSS loan offer for house repair or improvement through these simple steps.

Are you planning to make some repairs or improvements in your house? If you are a member of the Social Security System, there is a loan offer that you may turn to – you may apply for the SSS Housing Loan for House Repair and Improvement.

Apply for SSS Housing Loan
Photo Credit: Philippine Information Agency

Under this loan offer, you may apply for a loan to make major repairs and as well as improvements in your home like an extension or expansion, the completion of an occupied bare house, construction of concrete fence and steel gate, and installation of deep well and motor pump.

How to Apply for the SSS Housing Loan for Repair / Improvement

Step 1 – Check your qualification to the loan offer. To be eligible to the loan offer of the Social Security System, the member-borrower must:

  • be an SSS member who has posted at least 36 monthly contributions and has 24 continuous contributions in the period prior to the loan application
  • not be over 60 years old at the time of the loan application
  • have not received a final benefit
  • have an updated SSS account (spouse’s account must also be updated)

Step 2 – Prepare the documents needed in applying for the loan offer. The following are the documentary requirements needed if you want to apply for the SSS Housing Loan offer:

  • Application for Direct House Repair and/or Improvement Loan (2 copies)
  • SS ID Cards of the principal applicant and his/her spouse, if applicable
  • proof of income:
    • If employed…
      • latest Income Tax Return (original and photocopy for authentication)
      • Certification of Employment and Compensation duly signed by the employer’s SSS authorized signatory (original copy
      • payslips
    • If self-employed or a professional…
      • Income Tax Returns and Financial Statements for the last three (3) years (original and one photocopy)
    • If overseas Filipino worker (OFW)…
      • Contract of Employment and Certification of Employment and Compensation duly authenticated by the Philippine Consulate or SSS Foreign Representative
  • Certified true copy of the Original/Transfer/Condominium Certificate of Title (OCT/TCT/CCT) issued by the Registry of Deeds together with owner’s duplicate copy*
  • latest Tax Declaration of Real Property (land and building) with the Official Receipt of Realty Tax Payment (original and one (1) photocopy)
  • lot/Location Plan prepared, signed & sealed by a licensed geodetic engineer with the following:
    • sketch of the lot with description of its boundaries
    • lengths and bearings of the tie line and sides of the lot
    • vicinity map w/ landmarks, street pattern, street names and lot distance as reckoned/based from the lot to the nearest street intersection (2 copies)
  • Consolidation-subdivision plan approved by the Land Registration Authority or Bureau of Lands/DENR-NCR (15” x 20” size; primary document) (1 copy)
  • complete set of building plan
  • specifications and Bill of Materials & Labor must be signed & sealed by a licensed civil engineer or architect with owner’s conformity
  • scope of Works showing list/itemized works to be done according to priority, prepared and signed by owner, civil engineer or architect. (original and one (1) photocopy)
  • Building or Renovation Permit issued/approved by the Building Official with Locational Clearance, Electrical Permit, Sanitary/Plumbing Permit and corresponding official receipts of payments (original and one (1) photocopy
  • pictures of existing collateral; the existing house and lot (1st – Front and one side, 2nd – Rear and other side, 3rd – Kitchen counter, and 4th – Toilet and Bath Pictures)

Step 3 – Go to a branch of the SSS nearest to you and submit your documents. The loan processing may take a few working days.

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