SSS Salary Loan Payment Schedule for Self-Employed Members – Here’s Guide…

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Details about the SSS Salary Loan Payment Schedule for Self-Employed Borrowers

SSS SALARY LOAN PAYMENT SCHEDULE – Here is a guide on the deadline for the payments of self-employed member-borrowers under the cash loan offer of the Social Security System.

The Social Security System (SSS), a state-run social insurance institution, provides its members with a range of SSS loans that they can turn to in times of financial needs. One of the loan offers is the Salary Loan. Members who have posted at least 36 monthly contributions may qualify for the loan offer.

SSS Salary Loan Payment Schedule

The SSS Salary Loan is collateral free — meaning it does not require a property to be used as a collateral in applying for the loan offer. The maximum loan term is 24 months or two (2) years. Here are the requirements needed in applying for the loan offer:

If you are the member-borrower:

  • 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)
    • 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

The minimum and maximum loanable amounts under the SSS cash loan offer depends on the contributions posted by a member. With regards to the SSS Salary Loan payment schedule, it depends whether you are a regular or household employee, a self-employed member, or a voluntary member.

For self-employed member-borrowers, the “10th digit of the 13-digit ER/HR number” is the basis of the SSS Salary Loan payment schedule. Here’s the basis:

If it ends in…

  • 1 or 2 – 10th Day of the Month
  • 3 or 4 – 15th Day of the Month
  • 5 or 6 – 20th Day of the Month
  • 7 or 8 – 25Th Day of the Month
  • 9 or 0 – Last Day of the Month 

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