Sss Loan Agreement

The loan is payable in multiples ranging from five (5) years to a maximum of thirty (30) years. In the event that the object of the loan is the purchase of a dwelling before the actual construction (pre-sale), another dwelling acceptable to SSS than the guarantee of the loan guarantee must be presented. Any refund of unpaid credit is punishable by a fine of 1.5% for each month of delay. If the mortgage debtor does not pay at least six (6) monthly amortizors, the SSS may immediately mortgage the mortgaged property. The loan is secured by a first mortgage on the land and house, which needs to be repaired and / or improved. A borrower can file the application for wage credit in the branch closest to the place of residence or business. A member registered with My.SSS can apply for salary credit online…

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