Are You Planning to Apply for Cash Loan to SSS If You’re Eligible?
CASH LOAN TO SSS – Here’s a guide on who are qualified to apply for the Salary Loan offer of the Social Security System (SSS).
One of the biggest state-run social insurance institution in the Philippines is the SSS or the Social Security System. Most of its members are either employees of the private companies in the country or self-employed individuals. Meanwhile, it is also open for membership to overseas Filipino workers (OFWs).
SSS members pay a certain amount as monthly contribution to the state-run agency. Good records may qualify a member to the loans and benefits offered by the agency. Are you wondering if you can apply for a cash loan to SSS?
There are a few eligibility requirements in applying for a cash loan to SSS. To qualify, the member-borrower must have posted at least 36 monthly contributions, has no loan in bad record, and has not received a final benefit from the state-run social insurance institution.
Do you want to check how much you may borrow under this loan offer? For the loanable amounts for first time borrowers under the salary loan offer, you may visit – Apply SSS Cash Loan – Here’s How Much You May Get on Your First Loan.
To apply for the loan offer, there are a few documents that you need to gather and submit to SSS. Here are the documentary requirements set by the state-run social insurance institution under its salary 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
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You may also visit – SSS Cash Loan Amount You May Borrow Based on your Contribution – A Guide