Guide on the Requirements for SSS Salary Loan 2024 — Here’s What You Must Submit
REQUIREMENTS FOR SSS SALARY LOAN 2024 – On the list below are the documents that the Social Security System requires in applying for loan.
One of the huge advantage in being a Social Security System (SSS) member with an active and updated membership is the qualification to the loans and benefits offered by the state-run social insurance entity.
Aside from the many SSS benefits, there are several loan offers that a member may apply for. One of which is the SSS Salary Loan which is a multi-purpose cash loan offer.
Like in most loans, there are both eligibility and documentary requirements for application to the offer. You can check on them below:
To qualify for the offer, here are the eligibility requirements for the SSS Salary Loan 2024 that the member-borrower must meet:
- has posted at least 36 monthly contributions in the SSS account
- updated in the payment of the SSS contributions
- 65 years old and below at the time of the loan application
- currently employed, self-employed, or voluntary member of the Social Security System
- has not received any final benefit from the SSS
- has not been disqualified due to fraud committed against the SSS
With regards to the documentary requirements for the SSS Salary Loan 2024 application, the list of documents that must submitted to the Social Security System depends if the member-borrower will file for the loan application himself/herself or it will be done by an authorized representative or the HR of the company that he/she is working for.
If the filer of the loan application is the SSS member:
- duly-accomplished SSS Salary Loan Application Form
- SSS digitized ID or E-6 with any two (2) valid IDs (one of which with a recent photo)
- Senior Citizens Card
- Professional Regulation Commission (PRC) ID
- Seaman’s Book
- LTO Driver’s License
- School ID
- Company ID
- Voter’s Identification card/affidavit/Certificate of Registration
- Postal ID
- GSIS Card
- Tax Identification Number (TIN) Card
- Baptismal Certificate
- Overseas Worker Welfare Administration card
- ATM card with cardholder’s name or with certification from bank
- Health or Medical Card
- Credit Card
- Police Clearance
- Transcript of Records
- NBI Clearance
- Pag-IBIG Member’s Data Form
- Marriage Contract
- Seafarer’s Registration Certificate issued by POEA
- 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
If filed by an authorized representative of the member-borrower:
- duly-accomplished Member Loan Application Form
- SSS-issued Authorized Company Representative (ACR) card
- Letter of Authority (LOA) from employer
- 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
If filed by employer or company’s authorized representative:
- duly-accomplished Member Loan Application Form
- 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
- two (2) valid IDs both with signature and at least one with photo