SSS has loan benefits for OFWs such as salary loan, cash loan and housing loan. The most common type of loan that OFWs is interested in is the housing loan.
Direct Housing Loan Facility for OFWs is a special program launched by SSS for OFWs catering Housing loan.
Most of us, especially OFWs have a goal of owning a house. But house construction now a days are too expensive. A half a million house before now cost a million or 2 today. Thankfully, major banks and government agencies like SSS offers a housing loan!
While major banks usually approve OFW loans easily, it is wiser to take a look at Direct Housing Loan Facility for OFWs that SSS offers. Compared to major banks, SSS housing loan has lower interest and it allows you a maximum loanable amount of 2 million pesos.
If you are interested in applying for SSS OFW Loan (Salary, cash or housing loan), let us know the step-by-step procedures.
The applicant must be an active SSS member and meet the specific requirements given by the Social Security System if one wish to avail the SSS OFW Housing Loan.
SSS OFW Loan Requirements
Per SSS requirements, you are an OFW if you are a private sector who: currently deployed with a contract processed through POEA or authenticated by the Embassy abroad with employment contracts which are awaiting renewal/deployment (However, loan release shall be made upon renewal/employment), A Filipino national but who is now a citizen or immigrant of a foreign country but is interested in buying a housing unit for his family who is still in the country and or a long-term resident overseas Filipinos who wish to avail of housing packages either for themselves when they retire or when they visit the Philippines and or for their extended families.
For more info visit SSS website or if you are interested in housing loan that SSS offer visit How to Apply For SSS OFW Housing Loan.
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