Application for SSS Salary Loan: Here’s How to Apply & the Requirements

APPLICATION FOR SSS SALARY LOAN – Are you planning to apply for the cash loan offer of the Social Security System (SSS)?

If you are a member of the Social Security System, you have a loan offer to turn to in case you are in need of some cash. It is open for both employed and self-employed members of the social insurance institution and you can check the guide below on the application for SSS Salary Loan.

SSS SALARY LOAN: How To Apply For Salary Loan To SSS

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.

14 thoughts on “Application for SSS Salary Loan: Here’s How to Apply & the Requirements”

  1. Good morning po mayroon po akung laon five years ago na gusto ko pong bayaran at Kung pwede po Kung may condonation mam ba mam magkano Ng babayaran ko Isa po gusto ko ma dagdagan Ang contribution ko gusto tumaas Ang hulog ko 650 lang Kasi mam thank you ako nga Pala si Josephine Penano

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  2. Good morning po,ano po b pwede ko Gawin, mtagal npo ako d nkapghulog mga ilang taon n din po, pero bgo po ako nhinto,pwede nman dw po ako mkapg avail ng loan noon,pero dpo ako nagloan,KC nga po ung s name ko ng dalaga p po ako,at pero balo n dn po ako ngaun, at real name kopo maria Victoria Ang nsa sss ko, pero gamit ko po lagi,ma.victoria, pano po in?salamat po sa sasagot.

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  3. Askq lng panu po Kung active pa din po na member mtgal npo since dlaga pa po…nagkarun lng po aq loan bgO nagsara company nmin…tpos nag avail aq Ng condonation Kya lng dpo nasunod dlawang hulog lng po KC nagka problem PO financially panu po b un?tnx

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