SSS Loans

I became member of the Social Security System of the Philippines since 1998. And I continuously paid my contribution to the SSS. However, I am still hesitating to loan from the SSS just because I hate to pay loans.

Basically, there are 3 types of loans that members of the SSS can take.

1. Member Loans - Salary loan, calamity loan and emergency loan.
2. Housing Loans - This covers, repair, pari-passu, individual housing, corporate housing program, housing development, apartment for dormitory, housing for OFWS, housing for Workers Organization members, assumption of mortgage and direct housing development.
   
3. Business Loans - Covers tourism projects, industry loan program, hospital financing program, financing program for educational institution, SSS special financing program, financing program for vocational and technical school and the SULONG program.