Just because you’re strapped for cash doesn’t mean that you can’t build your dream home. The Government Service Insurance System (GSIS) now has affordable housing loans and refinancing schemes that you can use through their Bahay Ko Progarms.

Bahay Ko Acquire allows you to purchase a house and lot, condominium unit, townhouse, or any housing unit that’s either brand new or secondhand. You can also use this to purchase a lot and build a house from scratch. The Bahay Ko Construct lets you build a house on a lot registered in your name. For home improvements and any repairs in an existing home or unit, there is the Bahay Ko Improve. Bahay Ko Refinance allows you to transfer your housing loan from another institution to GSIS.

Loans reach up to Php 300,000 at a 12% interest rate per year. Maximum term of the loan for all packages above Php 180,000 is 25 years. For more information, visit the GSIS website.