in:
Share to Facebook Share to Twitter More...

Simple Guide on How To Apply For SSS Salary Loan

SSS SALARY LOAN – Here is a simple guide on how to apply for a salary loan to the Social Security System or SSS.

Many of the members of the Philippine workforce are part of the Social Security System or SSS. Usually, it is the private employees and self-employed individuals who are members of the government-owned corporation.

The SSS is an insurance-company wherein members can make a monthly remit for entitlement of future benefits like pension, death claims, salary loan, and others.

Undeniably, one of the functions of the government-owned corporation that are availed by many of its members is the SSS Salary Loan. Members of SSS can apply for a salary loan in the midst of poverty under certain conditions.

SSS Salary Loan Application

The SSS Salary Loan offers a short-term credit with a 10% interest rate annually. Both local and overseas Filipino workers who are part of the SSS can avail it.

It could either be a one-month worth of salary or two months depending on the qualification of the member applying for a loan.

A member applying for a Salary Loan must have made a total of 36 months of contribution to the government-owned corporation. He or she must have also paid 6 months of contribution in the last 12 months.

The following requirements must be complied in applying for an SSS Salary Loan:

  • Member Loan Application Form
  • SSS Form ISL-101
  • 2 Valid Photo IDs
  • SSS ID or E-6

To process for an SSS ID, visit SSS ID REQUIREMENTS: What To Prepare To Get An SSS ID

With regards to applying for two months worth of salary loan to SSS, a member should have made at least 72 months of contributions. In the last 12 months, he or she must have contributed for six months.

If you already have the requirements, you may proceed to any branch of the SSS and submit your application. The processing may take two to three weeks before the result would be out.

In case your application is approved, your cheque would be sent to your employer (if you are an employee) or you will be asked to claim it from an SSS office for self-employed applicants.

Share to Facebook Share to Twitter More...

comment(s) for this post "SSS SALARY LOAN: How To Apply For Salary Loan To SSS". Tell us what you think abut this post by leaving your comments below.

{ 7 comments… add one }
  • reymundo k añis January 26, 2019, 10:37 pm

    Approve sana po agad

  • Evelyn Rebito March 13, 2019, 2:00 am

    Subukan ko lng pong mag loan s SSS

  • Juanita Lomibao April 29, 2019, 9:03 pm

    First time k mag loan thru online sana ma aprove

    • Edizon vermug August 10, 2019, 4:31 pm

      Pano poh mag apply nang loan thru online

  • CANDELARIA V. POLIQUIT July 11, 2019, 10:13 am

    Ask ilang weeks makuha Ang loan at saan ko makuha.

  • Edizon vermug August 10, 2019, 4:18 pm

    Pano poh mag apply nang loan thru online

  • Louie Benito salarzon August 16, 2019, 2:16 pm

    May pag gagamitan lan

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.