An official of the Social Security System-Davao (SSS-Davao) admitted that payments for the housing loan remain a challenge as some housing owners have not paid their housing loans for more than 30 years.
“Supposedly, ang mga housing loan deducted sa salary sa mga empleyado. Sad to say duna ta’y mga housing loans na more than 30 years na maski piso wala gibayaran ng member. Today, ang SSS wala na gyud ga-grant ug housing loan. As per SSS atoa na lang gina-grant is house repair, its because sa totoo nagka problema ta sa housing loan,” said Greta Quayle, account officer of SSS Davao during the Kapehan sa Dabaw on Monday.
Quayle said SSS-Davao is already issuing notices for foreclosed properties. She also said that SSS also give members/owners a chance to redeem their foreclosed property through the Housing Loan Condonation Program.
“Tagaan nato sila ug solusyon sa ilahang problem, kaning mga naghousing loan kadaghanan ani wala na gyud trabaho plus nag-pandemic pa, daghan pa consideration na ang SSS muhatag gihapon ug chance na makabayad sila, na mabawi nila ang ilahang property through this condonation program,” she said.
Members/owners can pay their housing loans until June 30, 2022.
Robert Dianon, Junior Analyst of SSS-Davao, said the condonation program can be avail through condonation full payment and condonation with restructuring.
Under condonation with restructuring, members will be given a 25 percent downpayment of their remaining balance after deducting the condonable penalty and the remaining 75 percent can be paid within the grace period of two years while under the condonation without restructuring, if members will apply, SSS will remove the penalty 100 percent after the remaining balance, which they will only pay within the grace period of 90 days from the approval of their application.
“Kaya lang base sa among portfolio diri sa Davao City, ang mu-qualify sa condonation restructuring naa lang sa mga one percent sa amoang na identify na delinquent. So almost anang amoang account mu-qualify sila sa condonation without restructuring,” Dianon said.
