Guide on SSS Cash Loan Application Process & Loanable Amounts
SSS CASH LOAN APPLICATION – Here is a guide on how to apply for the Salary Loan offer of the Social Security System and how much you may loan.
Members of the Social Security System (SSS) have loan offers to turn to most especially in times of dire financial needs. A member may be eligible to apply for a loan to fund some house renovations or home improvements or to finance multiple purposes.
One of the loans offered by the state-run social insurance institution is the Salary Loan. It is also called the cash loan which aims to help address multiple intentions. It is open to members who have posted at least 36 monthly contributions.
Under an SSS Cash Loan application, members who have posted between 36 to 71 monthly contributions may borrow an equivalent of one month of their monthly salary. Meanwhile, members who have posted 72 total monthly contributions and above may borrow up to an equivalent of two-months contribution.
What is the process for SSS Cash Loan application? You may follow these simple steps below to apply for the loan offer:
Step 1 – Check your qualification for SSS Cash Loan application. You must have posted at least 36 monthly contributions, have no bad loan records, and have not been granted a final SSS benefit.
Step 2 – Prepare the requirements. Here are the documents needed in applying for the loan offer:
- 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
Step 3 – Submit your documents. Go to a branch of SSS and submit your documents to begin your loan application. All loan applications are subject to the approval of the social insurance institution.
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