Aside from a few facts that I have mentioned about the SSS housing loan program in my previous posts here at SSS Philippines, there are a few more important information that an OFW borrower must know. That is if you are interested to avail of this program of the Philippines Social Security System.
If you are an SSS member who has updated payment in your monthly amortization of SSS premium, you may be entitled to apply for SSS housing loan. First I have to let you know as much as you will be asking me who may borrow or apply for the said privilege as an OFW SSS [...]
According to the Social Security System (SSS) website in the Philippines, there are 2 parts for the SSS Housing Loan program for OFWs. Below are a few important pointers that must know if you are an OFW looking to apply for the SSS housing loan.
A frequently asked question about SSS salary loan may also be – When can a member renew his/her salary loan with the SSS?
Basically, any form of loan from the SSS may only be renewed if you have paid in full, the loan amount including all forms of interest and surcharges. Mind you however that even [...]
After making an SSS loan or at least for some who want’s to make sure, the next big question would be what are the payment terms of your loan. Some would also possibly ask about what penalties will be incurred in case you are not able to pay on time or if you fail to [...]