How To Use Sss Salary Loan Every Bit A Voluntary Member

The salary loan application procedure at the SSS part is non really complicated.

It is simply that, it could swallow much of our time, specially if we accept to fall inwards job and wait for our turn. 

But for individual who is in necessitate, anything is worth taking, right?

I really applied for a salary loan online, just it was non approved due to the reason that my previous employer did non approve my loan application.

I already resigned from operate when I applied for a salary loan online simply my membership condition was notwithstanding “employed”, thus, my loan application needed an employer’sec approval.

I already knew that my application would live rejected merely I pushed through the procedure to know the outcome. 

And aye, it was rejected and that was why I went to the SSS role to apply for a salary loan application since in that location is no pick inward the SSS portal to alter the membership status to be able to employ the service available for self-employed together with voluntary members.

By the mode, employers are given a timeframe to answer together with approve the salary loan application. Even if they take not responded withal, just the timeframe has passed, the online loan application will however be rejected.

So, I advise that you lot also notify your employer nearly your online loan application, but then they will know too make the appropriate activity.

It could have been more than convenient for me if my online salary loan application was approved. Since in that location are issues I cannot cook online like changing my membership condition, I decided to get to the SSS role.

Inquire to the SSS Staff

I now expect for the receptionist the instant I go into the SSS edifice to inquire how to employ for a loan every bit a self-employed member.

I did non know most Voluntary Membership at that fourth dimension that is why I inquired near Self-Employed Membership. I was told to become to the populace assistance desk commencement to verify if I can avail of the salary loan though I had stopped working. It was so the fourth dimension I was advised to modify my membership status past paying kickoff equally a voluntary fellow member before I tin can utilize for the salary loan.

A previously employed fellow member tin go along to pay monthly contributions as a voluntary fellow member to further avail of SSS benefits.

I resigned from run final November 2017 and I personally file my loan application terminal March 2018 which agency that there are no contributions paid and posted from Dec 2017 to March 2018. Since I was told to pay kickoff as a voluntary fellow member to live able to avail of the salary loan, I decided to pay for January to March 2018. Good thing that self-employed too voluntary members do not take to pay the contributions monthly, but tin can pay quarterly or every three months.

Get a PRN

I actually wanted to avail of the salary loan for our carwash business concern, so, I decided to pay for the unpaid months.

I at once went to another desk to go a Payment Reference Number (PRN) to be used inwards paying to the teller.

PRN is to live used when making payments of contributions for instant notification too posting of contributions. You can actually go your ain PRN via the SSS website.

While getting the PRN, I was asked for what months I would be paying. I opted to pay for 3 months too as well opted for a lower premium at the time. I was too advised to become to the express lane later on paying to verify my loan eligibility.

Verify Your Loan Eligibility

After paying to the teller, I got priority # for Express Lane. When it was my plow, I was informed that I am eligible to utilize for a salary loan amongst a sure amount.

Take Advantage of SSS Priority Lane

I at once filled upwardly the Loan Application Form to submit to the loan officer. I noticed that at that place were a lot of people falling inward line for loan application. I was significant, then, I instantly went to the priority lane which is for meaning women, persons amongst disabilities, together with senior citizens.

I passed my loan application class to the priority lane attendant where I was given the loan disclosure class. I was and so told to get an ATM card which will live used for loan liberate.

Process Bank Account For  Loan Disbursement

I went to the UnionBank kiosk to get ATM application grade in addition to a priority number. I filled upwardly the course piece waiting for my plow. When called, I was then given the UnionBank e-pay card together with its pivot code together with was told to wait after ten working days to receive the borrowed amount through ATM.

I submitted photocopies of the front end of the ATM Card in addition to my ID to the e-pay carte attendant and last submitted the loan application course to the loan department for processing.

So, that was it. I was able to receive my loan disbursement through my Unionbank ATM Card. Nothing is actually complicated for soul who needs too determined.

My application was somehow unlike from others every bit I had to alter my membership status just the process is actually the same. All SSS members who wishing to employ for a salary loan require to submit the salary loan application course.

The alone difference is that employed members accept to go through their employers who volition, inwards turn, procedure their loan application. As for self-employed as well as voluntary members, we take to personally file the application at the nearest SSS branch.

We but accept to submit the application course as well as present our SSS ID or whatever valid ID. To know more than nigh SSS accepted IDs, yous may run across my mail service about it.

I promise my storey inspires you lot to personally file your salary loan application. If y'all accept farther questions, don’t hesitate to postal service inward the comments department below and I will try to get dorsum to you lot as before long equally I tin can.