SSS Cash Loan Minimum & Maximum Loanable Amounts It

SSS CASH LOAN – You can check the details below about the minimum and maximum loanable amounts under this Social Security System loan offer.

A lot of Filipinos working in the private sector or have previously worked in the private sector are active members of the Social Security System. More commonly called SSS, it offers an SSS Salary Loan for members who have posted at least 36 monthly contributions.

SSS CASH LOAN: Here’s the Loanable Amount Based on Your Total Posted Contribution

Guide on SSS Cash Loan Maximum Loanable Amounts

SSS CASH LOAN – Are you wondering how much you may borrow under the Social Security System (SSS) Salary Loan offer?

If you are a member of the Social Security System, more commonly called SSS, one of the loans that you may turn to is the Salary Loan offer. While it is officially named the “Salary Loan”, it is open for both employed and self-employed members of the state-run social insurance institution.

To qualify for the loan offer, the borrower must have posted at least 36 monthly contributions and has no loan on bad record with the SSS. The loanable amount under the SSS Cash Loan offer depends on the total posted savings.

SSS Cash Loan Process — Photo Credit: Smart Parenting

If you have posted at least 36 monthly contributions but not more than 71 monthly contributions, you can borrow up to an equivalent of your one-month basic monthly salary.

If you have at least 72 total monthly contributions posted, you can borrow up to “equivalent to twice the average of the member-borrower’s latest posted 12 MSCs, rounded to the next higher monthly salary credit, or amount applied for, whichever is lower”.

For the documents that you must submit in applying for the SSS Cash Loan offer, you must prepare the following:

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

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