SSS SALARY CASH LOAN – Below is a guide on how much you may borrow under the cash loan offer of the Social Security System.
Members of the Social Security System (SSS) may turn to the agency in times of financial needs. You can borrow equivalents of your monthly salary depending on the total monthly contribution you have posted. You can check the details below.
SSS CASH LOAN: Here’s How Much You May Borrow under this Offer
Guide on SSS Cash Loan Loanable Amounts Based on Contribution
SSS CASH LOAN – Here is a guide on the amount that you may borrow under the salary loan offer of the Social Security System.
One of the biggest state-run social insurance institutions in the Philippines is the Social Security System. More commonly called SSS, many Filipinos are members of the said social insurance institution. It is open for both locally employed and self-employed individuals which are the two (2) status that take up the most in terms of SSS member population.
Overseas Filipino Workers (OFWs) and voluntary members may also apply for membership to SSS. Through the years, a lot of its members have become pensioners of the social insurance institution. The Retirement Benefit is one of those that most members look forward to as a long-term goal.
Meanwhile, while you have yet to be a pensioner of the SSS or, at least, get close to a Retirement Benefit, you can take comfort in knowing that the social insurance institution is a turn-to in times of need for financial assistance. You may apply for the SSS Cash Loan offer.
How much you may borrow under the SSS Cash Loan? The loanable amount actually depends on your monthly salary and contributions posted to the agency.
- If you have posted at least 12 monthly contributions, you may borrow an amount that is equivalent to your one-month salary.
- If your monthly contributions is at least 24, you may borrow up to twice the amount of your monthly salary.
Do you want to check on the requirements in applying for this SSS loan offer? Feel free to visit – SSS Cash Loan Requirements: Here’s What You Need to Prepare.
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You may also visit – Apply for SSS Salary Loan: Simple Guide in Applying & What You Need to Submit