Guide on the SSS Salary Loan Application Process
SSS – The Social Security System said that members affected by Tropical Storm Kristine may apply for the Salary Loan.
Typhoon Kristine has greatly affected several areas in the Philippines. It brought heavy rains and strong winds causing flood in many areas including Bicol. Naga City is one of those that were hit by the flooding caused by the tropical storm.
In Naga, countless families lost their homes and their source of income to Tropical Storm Kristine. The flood even entered a shopping mall forcing the evacuees to transfer to the second floor of the building for their safety.
Amid countless people affected by Tropical Storm Kristine, the Social Security System reminded its members of the offers that they can take. The social insurance entity has several loan offers that members can turn to.
Aside from the SSS Calamity Loan, members of the Social Security System may qualify to the Salary Loan offer of the social insurance entity. It is open for SSS members who have posted at least 36 monthly contributions, six of which were within the last 12 months.
If the member has at least 36 monthly contributions but not more than 72 monthly contributions, he/she may avail a one-month loan. If the member has at least 72 monthly contributions, he/she may get a two-month salary loan.
To qualify, the member must also be under 65 years old at the time of the loan application and must have not been granted any final benefit. To apply for the loan, here are the requirements:
- 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
In case the loan application will be filed by an authorized representative to the Social Security System, there is a different set of requirements that must be submitted to the Social Security System. Here are the documents required by the SSS in this case:
- 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