Direct Housing Loan Facility for Workers' Organization Members

  1. Loanable Amount

    The maximum loanable amount is P2,000,000.00. The loan amount granted is the lowest amount based on the following factors:

    1. Appraised value of collateral of at least 70% but not to exceed 90%.
    2. Borrower's capacity to pay
    3. Actual need of the borrower based on the contract to sell/scope of work and bill of materials evaluated by the SSS
    Housing Loan Type
    Amount of Loan
    Socialized Housing Loan

    Up to P450,000.00

    Low-cost Housing Loan
    • Over P450,000 up to P1,000,000
    • Over P1,000,000 up to 1,500,000
    • Over P1,500,000 up to P2,000,000

    A maximum of three (3) qualified SSS members may combine their individual loanable limits, secured by the same collateral, provided they are related within the first (1st) civil degree of consanguinity or affinity.

  2. Term of the Loan

    The loan is payable in multiples of five (5) years up to a maximum of thirty (30) years.

    However, the loan term shall be subject to the following:

    1. The principal borrower's age shall not exceed 65 years old at the time of loan maturity; and
    2. The loan term shall not exceed the economic life of the building as determined by the SSS appraiser.

  3. Interest Rate

    1. Up to P450,000.00 – 8% p.a.
    2. Over P450,000.00 up to P1,000,000.00 – 9% p.a.
    3. Over P1,000,000.00 up to P1,500,000.00 – 10% p.a.
    4. Over P1,500,000.00 up to P2,000,000.00 – 11% p.a.

    The loan shall be secured by any collateral acceptable both to the PFIs and the SSS provided the loan is fully secured.

  4. Allowable Collateral/s

    The allowable collateral for an SSS housing loan is the property covered by a Transfer Certificate Title/Original Certificate of Title/Condominium Certificate of Title (TCT/OCT/CCT) issued by the Registry of Deeds in the name of the principal borrower, free from liens and encumbrances.

    The loan shall be secured by a first Real Estate Mortgage (REM) on the house and lot to be financed. The REM shall be annotated on the member borrower's TCT/OCT/CCT and shall be registered with the appropriate Registry of Deeds. The loan shall also be covered by an HGC guaranty.

    In case the purpose of the loan is the purchase of residential condominium unit prior to actual construction (pre-selling), other residential property acceptable to SSS shall be submitted as collateral to secure the loan.

    The following are not acceptable as housing loan collateral:

    1. Land type other than residential
    2. Less than 15 sq. meters floor area, in case of condominium
    3. Less than 32 sq. meters lot area
    4. Road right of way is less than 1.5 meters
    5. Free/Homestead/Miscellaneous Sales Patent Titles

  5. Insurance Coverage

    1. Mortgage Redemption Insurance
    2. Fire Insurance
    3. Home Guaranty Corporation Coverage

    The insurance premiums shall be shouldered by the borrower.

  6. Mode of Payment

The Workers' Organization Members can repay the loan by issuing post-dated checks (PDCs) covering the monthly amortizations during the term of the loan. Initial submission of PDCs shall be for the first twelve (12) months and replaced every year thereafter until fully paid. However, payment through post-dated checks shall be subject to Office Order No. 2011-028.


For more information, please visit the SSS Housing and Business Loans Department, 5th Floor, SSS Main Building, East Avenue, Diliman, Quezon City or you may call telephone number 920-64-01 local 5121 to 5127, or e-mail us at