SSS Loan Processing Time — A Guide for Member Applicants

Guide on SSS Loan Processing Time Members Must Be Aware Of

SSS LOAN PROCESSING TIME – Here is a guide for the member-loan applicants of the Social Security System (SSS).

The Social Security System (SSS) has millions of members across the nation. Thus, daily, it caters services to thousands of individuals in the different provinces in the country. It attends to benefit claim applications, loan applications, and member applications.

The SSS loans include the Salary Loan, the Housing Loan, and the Calamity Loan. While the Calamity Loan depends on the presence of a natural disaster, the Salary Loan and Housing Loan are constant offers to qualified members.

Due to the fact that the Social Security System caters services to thousands of its members daily, there might be queries about the SSS loan processing time.

With regards to the SSS loan processing time under the loans offered to qualified members, the processing duration is not the same among the different loan types. In the case of the SSS Salary Loan, the processing may take between 8 to 10 working days.

Once approved, the money will be sent to the SSS member-borrower within three (3) to five (5) days based on the member’s preferred mode of cash release. To apply for the loan offer, you must prepare the following requirements:

• 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)
  • Postal ID
  • Baptismal Certificate
  • Tax Identification Number (TIN) Card
  • Senior Citizens Card
  • School ID
  • Professional Regulation Commission (PRC) ID
  • LTO Driver’s License
  • Credit Card
  • Health or Medical Card
  • GSIS Card
  • Seaman’s Book
  • Company ID
  • Voter’s Identification card/affidavit/Certificate of Registration
  • ATM card with cardholder’s name or with certification from bank
  • NBI Clearance
  • Transcript of Records
  • 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
  • Seafarer’s Registration Certificate issued by POEA
  • Bank Account Passbook
  • Pag-IBIG Member’s Data Form
  • Overseas Worker Welfare Administration card
  • Police Clearance
  • Marriage Contract

The Social Security System has not stated the SSS loan processing time for Housing Loan applications — which may understandably take more time. For the loan processing to start, it is important that you have submitted all the documents needed based on the loan purpose.

With regards to the SSS Calamity Loan, the duration that the processing will take may be faster than eight (8) days as the members may need immediate assistance. Here are the requirements if the member-borrower will process the loan application himself/herself:

• One (1) copy of the SSS calamity loan assistance application form^[2]
• Original copy of barangay certification
• Original copy of valid ID

If the Calamity Loan application will be submitted by a representative of an SSS member, the following documents must be prepared and submitted to the nearest SSS branch:

• One (1) copy of the SSS calamity loan assistance application form
• Original copy of authorization letter
• Original copy of barangay certificate
• Printed scanned copies of valid ID/documents of the OFW or seafarer member
• Original copy of valid ID or document of the authorized representative