That first question that you’ll probably ask the SSS on your way to apply for a housing loan is how much is the loanable amount? This post basically answers that question in the easiest to understand exact figures as you can see when you try to search for how you can make a housing loan with the Social Security System if you are an overseas Filipino worker (OFW).
To be exact, the maximum loanable amount for an OFW is P1,000,000.00 or whichever is the lowest of the amount applied for, the amount justified by the paying capacity, the loan value of the collaterals as determined by the SSS.
See the actual breakdown from which you can base your expected loanable amount from the SSS when you apply or get approved at the same time. Know your rights as a member by visiting us regularly or at least subscribing to our feeds below this post.
- Socialized Housing – P 300,000.00
- Low-Cost Housing – P 500,000.00 – P 1,000,000.00
February 21st, 2010 at 9:34 PM
good afternoon im planning for sallary loan,but i just start my job here n canada last Dec.27,2009.i been an sss mem bfore 1995-1996 but i didnt continue to pay my account.nw i want to continue.then how and i cn hve a loan,just to renovate our house n the phils.thank u and Godbless!more power to sss com…
April 25th, 2010 at 10:14 AM
Hello po,
Im currently working here in Kazakhstan as a teacher. I plan to take a housing loan from your good office but i dont know how to go about it. I have a contribution for almost 2 years, and i want to continue it as an OFW now. Is it possible? Please reply to me as soon as possible since im coming home in July. Thanks a lot.
August 16th, 2010 at 8:28 AM
hi,im a ofw seafarer i would like to ask on how to avail the housing loan,tnkz,,
September 8th, 2010 at 8:19 AM
good pm po, ask ko lng po ano po ang mga requirements for OFW HOUSING LOAN? pls. reply tnx..GOD BLESS
March 15th, 2011 at 7:51 AM
Dear Sir/Madam:
I am an SSS member and my SSS No. , I would like to know if I am eligible to apply for a housing loan (SSS #2 Housing Loan Program). My remittances is not active but I want to activate it again and continue, how can I do that? Await your prompt response. You can email me at cherry_m924@yahoo.com.
Yours Sincerely,
Rosario Miraflor-Delos Reyes
Medical Sectary
Tawam Hospital, Al Ain
Abu Dhabi, UAE
Mobile # 00971 50 7308294
August 1st, 2011 at 1:48 PM
sir/madame i just want to know what are the requirements on housing loan
November 1st, 2011 at 5:56 AM
good day!i been working for 6 months in my second contract here in hongkong and just a 4months member of sss.can i still avail a housing loan?