SSS Individual Housing Loan Program


It is a program for all members of the Social Security System established to offer funds through SSS-accredited participating financial institutions (PFIs).

Eligible purpose of the loan

1. Build a new house or dwelling unit on a lot owned by the applicant.
2. Buy a lot and construction thereon of a new house or dwelling unit.
3. Procure an existing residential unit which may be a house and lot, a condominium unit or a townhouse.
4. Purchase an existing residential unit foreclosed by SSS, GSIS, HDMF (Pag-Ibig), HGC and other GFIs.

 Borrowers under the loan program

1. An active SSS member and has paid at least twelve (12) months continuous contributions or at least twenty-four (24) months total contributions;
2. Not more than 65 years old.
3. Don’t have a housing loan by the SSS, either directly or through conduit institutions, refund of contributions, retirement or total permanent disability benefit.
4. Up-to-date in the payment of all SSS contributions and other loan amortizations.
5. If he is still working, his employer must be up-to-date in the payment of monthly contributions and loan remittances.
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Tentative amount of the loan

The highest loanable amount is P1, 000,000.00.

Terms of the loan

The loan is to be paid in multiples of five up to a maximum of thirty years, but, not to exceed the economic life of the house, and, the difference between the age of the applicant and seventy.

Interest rate of the loan

1. Up to P300, 000.00 – 9% p.a. fixed for the term of the loan.
2. Over P300, 000.00 up to P500, 000.00 – 13% p.a. subject to review every five years.
3. Over P500, 000.00 up to P1, 000,000.00– 14% p.a. subject to review every five years.

If you have more questions, don’t hesitate to visit the nearest SSS Office in order that they could assist you in your queries. 

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