SSS Salary Cash Loan Minimum & Maximum Loanable Amounts – Here’s How Much You May Get

Guide on SSS Salary Cash Loan Loanable Amounts for Qualified Members

SSS SALARY CASH LOAN MINIMUM & MAXIMUM – Detailed below is a comprehensive guide on the loanable amounts under the loan offer.

Are you qualified to apply for the SSS Salary Loan offer? It is open for members who have active accounts, good credit records, and have posted a total of at least 36 monthly contributions.

SSS Salary Cash Loan
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How much are tha SSS Salary Cash Loan loanable amounts? The minimum and maximum amounts that you can borrow actually depends on the total monthly contributions you have posted. You can refer to the table below:

If the total monthly contributions you’ve posted is between 36-71 monthsIf the total monthly contributions you’ve posted is at least 72 months
you can borrow up to an equivalent of your one-month basic monthly salary.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”

The requirements in applying for the salary loan offer of the Social Security System vary depending if the member-borrower will personally apply for the loan or a representative will be doing it in his or her behalf.

You can refer to the table below for the list of documents that you need to submit for the application:

If the member-borrower will process his/her loan:If an authorized representative will process the member-borrowers loan:If the employer/HR will process the member’s loan application:
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)School ID
Senior Citizens Card
Company ID
Professional Regulation Commission (PRC) ID
Tax Identification Number (TIN) Card
Seaman’s Book
LTO Driver’s License
Overseas Worker Welfare Administration card
Police Clearance
Voter’s Identification card/affidavit/Certificate of Registration
Postal ID
GSIS Card
Pag-IBIG Member’s Data Form
Baptismal Certificate
Seafarer’s Registration Certificate issued by POEA
ATM card with cardholder’s name or with certification from bank
Health or Medical Card
Credit Card
Transcript of Records
Marriage Contract
NBI Clearance
Bank Account Passbook
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
duly-accomplished Member Loan Application Form
Letter of Authority (LOA) from employer
SSS-issued Authorized Company Representative (ACR) card
two (2) valid IDs both with signature and at least one with photo
Member-borrower’s SS card or Application for SS card (SS Form E-6) acknowledgment stub and two (2) valid IDs
duly-accomplished Member Loan Application Form
Member-borrower’s SS card or Application for SS card (SS Form E-6) acknowledgment stub and two (2) valid IDs
Letter of Authority (LOA) from employer
two (2) valid IDs both with signature and at least one with photo

To apply for the loan offer, kindly visit a branch of the SSS nearest to you and submit your documents. The loan processing may take an indefinite number of working days on a case-to-case basis. Make sure you submit all the documents needed for the evaluation of your loan application.

11 thoughts on “SSS Salary Cash Loan Minimum & Maximum Loanable Amounts – Here’s How Much You May Get”

  1. how to check online my monthly contributions?

    what if i forgot my previous account i’ve registered at sss.gov.ph..
    can i create a new one?

    Reply
  2. Sir hindi pipirma ang agency ko para maka pag loan, anong dapat kung gawin or may mga paraan ba para rito dahil eversince hindi pa ako naka pag loan sa SSS. Salamat.

    Reply

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