Sss Salary Loan: Definition Together With Requirements

A salary loan is a money credit allowed to an employed, an independently employed or voluntary members provided that SSS requirements are met.

Salary Loan Eligibility

Here are the qualifications for the SSS Salary Loan application.

one. 36 posted monthly contributions

The fellow member should take at least xxx-half-dozen (36) posted month to calendar month commitments, s9 (half dozen) of which ought to live within the last twelve a year preceding the long stretch of documenting of utilisation.

two. 72 posted monthly contributions

Seventy-2 (72) posted calendar month to month commitments, half dozen (vi) of which ought to live inside the concluding twelve a year before the menstruum of the recording of purpose to benefit of 2-month advance. 

3. Should have not granted  Permanent Disability or Retirement Benefit

The fellow member who intends to use for the salary loan should take not been granted of either the permanent disability or retirement benefit, non more than 65 years erstwhile, updated with his/her monthly contributions together with has not been disqualified due to fraudulence.

Whenever the fellow member is employed, his/her employer must accept nifty records inwards the remittance of the calendar month to month commitments.

Required Documents For Salary Loan Application

There are certain documents that a member needs to bring or submit during the credit application. 

If the loan application is filed past the member himself, he needs to introduce the Member Loan Application Form, SSS digitized ID or due east-vi affirmation stub, as well as whatever ii (2) substantial ID's, ane of which alongside a photo. You may cheque here the listing of SSS accepted IDs.

If the loan application is applied past the member’s example, the delegate needs to present an appropriately accomplished Member Loan Application Form by the fellow member, fellow member’s SSS ID, or whatever 2 (ii) legitimate IDs with signature and with a photo, an authority alphabetic character, as well as the instance’s SSS ID or any 2 (two) substantial IDs both alongside signature as well as amongst a photo. 

If the application is filed through the employer or society'second agent, the agent has to submit the Loan Application Form, fellow member’sec SSS ID, or application for SSS ID affirmation stub and whatsoever 2 (two) legitimate IDs both alongside signature as well as photo, authorization letter from boss together with 2 (ii) substantial IDs both with signature together with photograph together with the ACR Card.

SSS Salary Loan Filing Process

The fellow member may utilise for the salary loan at the branch closest to the topographic point of living arrangements or business. 

A member who has enrolled inward the SSS site or is enlisted to "My.SSS" tin utilise for the loan via the website. You may cheque How to Apply for SSS Salary Loan Online hither!

The loan application submitted online past the employed member will live coordinated to the employer’s My.SSS business relationship for accreditation or endorsement. Thus, the business organization ought to as well take an SSS Web business relationship.

Note: The business concern ought to present a refreshed Specimen Signature Card (SS Form L-501) to be refreshed yearly to keep away from delay inwards the treatment of salary loan applications. 

OFW individuals may also file their loan application at the SSS Foreign Representative Offices in selected nations.

On the off adventure that at that place is no SSS function inwards a specific land, they may send their application and the supporting documentation to their relatives in the Philippines too approve them to document at the SSS branch. Documents from other countries ought to live properly verified or ensured by the Philippine Consulate Embassy. 

Do you accept questions regarding SSS Salary Loan? Don’t hesitate to lay inwards the comments department below as well as nosotros’ll effort to become to yous every bit soon equally nosotros can.