SSS Cash Loans: How To Apply & the Requirements

Details about the SSS Cash Loans Application Process & Requirements

SSS CASH LOANS – Below is a guide on the application process for the salary loan offer of the Social Security System (SSS).

Have you heard about the loan offers of the Social Security System? The state-run social insurance institution has several loan offers for its members aside from the benefits. Truth be told that most members are looking forward to the retirement benefits.

Meanwhile, with its loan offers, the entity is really one of those that members can turn to in times of financial need. There are SSS cash loans that members may apply for to address their short-term needs.

Under this loan offer, the loanable amounts may vary. To check on how much you may borrow under it, feel free to visit – SSS Salary Loan Amount: Guide on How Much You May Borrow.

How to Apply for SSS Cash Loans

Step 1 – Are you qualified to apply for SSS Cash Loans? The Social Security System set a list of eligibility requirements in applying for the loan offer. To qualify for it, the member-borrower must have posted at least 24 monthly savings in his or her account.

Step 2 – Prepare the documents needed. There are documentary requirements in applying for this SSS loan offer. The requirements depend whether you are the one who will process the loan application or it will processed by an authorized representative.

For personal loan applications:
- duly-accomplished Member Loan Application Form
- SSS digitized ID or E-6 with any two (2) valid IDs (one of which with a recent photo)
  - Postal ID
  - Baptismal Certificate
  - Tax Identification Number (TIN) Card
  - Senior Citizens Card
  - School ID
  - Professional Regulation Commission (PRC) ID
  - LTO Driver’s License
  - Credit Card
  - Health or Medical Card
  - GSIS Card
  - Seaman’s Book
  - Company ID
  - Voter’s Identification card/affidavit/Certificate of Registration
  - ATM card with cardholder’s name or with certification from bank
  - NBI Clearance
  - Transcript of Records
  - Certificate from:
    - Office of Muslim Affairs
    - Life Insurance Policy
    - Office of Southern/Northern Cultural Communities
    - Birth/Baptismal certificate of child/ren
    - Certificate of Licensure/Qualification Documents/Seafarer’s ID and Record Book from Maritime Industry
    - Certificate of Naturalization from the Bureau of Immigration
  - Seafarer’s Registration Certificate issued by POEA
  - Bank Account Passbook
  - Pag-IBIG Member’s Data Form
  - Overseas Worker Welfare Administration card
  - Police Clearance
  - Marriage Contract

For loan applications processed by an authorized representative:
- duly-accomplished Member Loan Application Form
- Letter of Authority (LOA) from employer
- SSS-issued Authorized Company Representative (ACR) card
- Member-borrower’s SS card or Application for SS card (SS Form E-6) acknowledgment stub and two (2) valid IDs
- two (2) valid IDs both with signature and at least one with photo

For loans to be processed by employer or company’s authorized representative:
- duly-accomplished Member Loan Application Form
- two (2) valid IDs both with signature and at least one with photo
- Letter of Authority (LOA) from employer
- Member-borrower’s SS card or Application for SS card (SS Form E-6) acknowledgment stub and two (2) valid IDs

Step 3 – Go to the Social Security System (SSS) office or branch and submit your documents. The loan processing may take a few working days and the state-run social insurance institution will update you about the result.

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You may also visit – Borrow from Pag-IBIG Cash Loan by Submitting these Required Documents