Housing Loan for Repairs and/or Improvements

1. Eligible Borrowers

   The principal applicant must have the following qualifications:

   1. The borrower must be a member of SSS who has at least 36 months contributions and 24 continuous contributions in the period prior to application.

   2. Age of member is not more than 60 years old at the time of application.

   3. Member was not previously granted a repair and/or improvement loan by the SSS or NHMFC.

   4. Member has not been granted final SSS benefits

   5. Borrower and spouse is updated in the payment of their other SSS loan(s), if any.

2. Loan Purposes

The loan may be used to finance any of the following:

1. Major repairs, particularly for dilapidated and structurally unsafe housing units;

2. Improvements which shall apply to:

   1. Extension or expansion and enhancement of economic and aesthetic value of an existing housing unit. Said improvements shall be permanently attached to the house.

   2. Completion of an occupied bare house.

   3. Construction of concrete fence and steel gate.

   4. Installation of deep well and motor pump.

   How to Apply

   The member should file his application to the nearest SSS cluster branch or to the Housing and Business Loan Department, 5/F, SSS Bldg., East Avenue, Diliman, Quezon City or with any of the following SSS-accredited PFIs:

   1. PHILIPPINE VETERANS BANK
      101 V.A Rufino corner Dela Rosa St., Legaspi Village, Makati City
      Tel. Number: 818-4219; 902-1629

   2. LAND BANK OF THE PHILIPPINES
      Land Bank Plaza, 1598 M.H. del Pilar, Malate, Manila
      Tel. Numbers: 405-7640; 522-2200

   3. PLANTERS DEVELOPMENT BANK
      314 Buendia Ave., Makati City
      Tel. Numbers: 884-7600 loc. 5108

   4. VALIANT RURAL BANK - ILOILO
      41 A. Mabini St., Iloilo City
      Tel. Numbers: (033) 508-5548
                             (033) 336-6396
                             (0939) 905-5144

   The above list of PFIs is subject to change. Please confirm the accreditation of these PFIs with the Housing and Business Loans Department.

   The following documents should be submitted upon application:

   1. Application for Direct House Repair and/or Improvement Loan (2 copies) and SS ID Cards of the principal applicant and his/her spouse, if applicable. In the absence of the SS ID Card, any two (2) valid IDs with signature, at least one (1) with photo (original and photocopy for authentication)

   2. For employed borrower, latest Income Tax Return (original and photocopy for authentication) and Certification of Employment and Compensation duly signed by the employer’s SSS authorized signatory (original copy) together with two (2) latest monthly payslips
      
      For Self-employed or Professional, Income Tax Returns and Financial Statements for the last three (3) years (original and one photocopy)
      
      For overseas workers, the Contract of Employment and Certification of Employment and Compensation duly authenticated by the Philippine Consulate or SSS Foreign Representative

   3. 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*

   4. Latest Tax Declaration of Real Property (land and building) with the Official Receipt of Realty Tax Payment (original and one (1) photocopy)

   5. Lot/Location Plan prepared, signed & sealed by a licensed geodetic engineer. The plan should be prepared in a standard Bureau of Lands form (blueprint or whiteprint copy in 15” x 20” size) with the following: *

      1. Sketch of the lot with description of its boundaries;

      2. Lengths and bearings of the tie line and sides of the lot; and

      3. Vicinity map w/ landmarks, street pattern, street names and lot distance as reckoned/based from the lot to the nearest street intersection (2 copies)

   6. Consolidation-subdivision plan approved by the Land Registration Authority or Bureau of Lands/DENR-NCR (15” x 20” size; primary document) (1 copy)

   7. Complete set of building plan (20” x 30” size; blue/whiteprint copy) as approved by the Building Official with signature of the owner/applicant and signed & sealed by the respective licensed engineers (Architectural Plans by the Architect/Civil Engineer, Structural Plans by Civil/Structural Engineer, Sanitary Plans by Civil/Sanitary Engineer and Electrical Plans by Electrical Engineer). For existing/completed houses, as-built building plans duly signed & sealed by respective engineer or architect with conformity of the owner/applicant (2 copies)

   8. Specifications and Bill of Materials & Labor must be signed & sealed by a licensed civil engineer or architect with owner’s conformity, for loans over P100,000. While for loans P100,000 and below the signature and seal by a licensed civil engineer or architect are no longer required. (original and one (1) photocopy)

   9. 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)

   10. 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)

   11. 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)

   12. For existing housing loan with the SSS under Joint Application (duplex unit), written conformity/consent of the joint applicant/co-owner mortgagor pertaining to this repair and/or improvement housing loan availment (original copy)

   13. For Condominium Units:

       1. Floor plan of the specific condominium unit, scaled with size dimensions (20” x 30” size, blue/whiteprint copy) signed & sealed by licensed architect or civil engineer

       2. Architectural Plans showing the plan of the specific floor where the unit is located; Floor plan should be scaled with size dimensions

       3. First page of the condominium building plans showing the site development plan, vicinity map, etc., as approved by the Building Official

   14. Affidavit of undertaking to continue paying monthly SSS Premium Contributions for the duration of loan for Voluntary and Self-employed member only.

   * Not required if presently mortgaged with SSS.

   • Present original and a photocopy of required documents for authentication purposes

   • Applicant and spouse must be up-to-date in all existing loan accounts with SSS subject to verification by the SSS Housing and Business Loan Department (HBLD)

   • SSS reserves the right to require additional documents if deemed necessary

   https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=repairimprovapply