Are you planning to borrow money through the SSS Cash Loan offer to Eligible Members?
BORROW SSS CASH LOAN – Here is a guide on how much you may get under this loan offer based on your total contributions.
Are you a member of the Social Security System (SSS) who is in need of some money for a purpose? The state-run social insurance institution has loan offers that you may actually turn to.
If you are looking for a multi-purpose loan or an offer that can provide you with an amount that you can use for various purposes such as purchasing something, paying your kid’s tuition, getting your car repaired, etc., you may turn to SSS Cash Loan or Salary Loan offer.
How much you may borrow under the SSS Cash Loan offer? Actually, the total monthly contributions that you have posted is a factor as to the maximum loanable amount that you can get under the offer.
According to SSS, if you have posted at least 36 but not more than 72 total monthly contributions, you can borrow up to an equivalent of one (1) month salary under the SSS Cash Loan offer. Thus, if your one-month basic salary is Php 15,000, you can borrow up to Php 15,000.00, too.
If you have posted 72 total monthly contributions or above, you may borrow up to twice the amount of your monthly salary. If based on the example above, you can get up to Php 30,000.00 under the loan offer.
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