Guide on SSS Loans 2024 & their Eligibility Requirements
SSS LOANS 2024 – Here are the loan offers that qualified members of the Social Security System may apply for.
The grand benefit in being a member of the Social Security System who regularly post monthly contribution is that you have an entity to turn to in times of financial needs. It has loan offers that are up for its members for home improvements, house repairs, in times of calamity, etc.
The SSS has been in the service of the Filipino people for decades already. It has millions of members most composed of individuals who are locally-employed in the private sector and self-employed though it also has members who are overseas Filipino workers (OFWs).
The members of the Social Security System may qualify for the SSS loans as well as the benefit offers. Here are the loan that a qualified member may apply for as well as the eligibility requirements for application under each offer:
SSS Salary Loan
The multi-purpose cash loan offer of the Social Security System is the Salary Loan which is open for both salaried and non-salaried individuals. Here are the eligibility requirements set by the state-run social insurance giant under the loan offer:
- currently employed, self-employed, or voluntary member of the Social Security System
- must have posted at least 36 monthly contributions in the SSS account
- employer must be updated in the payment of the SSS contributions
- has not received any final benefit from the SSS
- 65 years old and below at the time of the loan application
- has not been disqualified due to fraud committed against the SSS
The Social Security System has generously posted details about the SSS cash loan offer including the loanable amounts, the interest rate, and the requirements and process for application.
SSS Housing Loan
The Housing Loan offer of the state-run social insurance agency was designed to finance house constructions and home improvements. Here are the eligibility requirements under the loan offer:
- has posted a minimum of 36 months contributions with 24 continuous contributions in the period prior to application
- 60 years old and below at the time of application
- has not been granted a repair and/or improvement loan by the SSS or NHMFC
- has not been granted final SSS benefits
- updated in the payment of their other SSS loan(s), if any
The SSS has generously posted details such as the loanable amounts, the interest rate, and the requirements and process for application for the SSS Housing Loan offer for qualified members.
SSS Calamity Loan
Also one of the SSS loans that are still up this 2024 is the Calamity Loan which members can turn to in times of natural disaster leaving their place in a State of Calamity. Here is the eligibility criteria under the offer:
- has posted a total of 24 monthly contributions, three of which should be posted within the last 12-month period before the month of filing application
- 60 years old and below at the time of filing of application
- has not been previously granted a House Repair and/or Improvement Loan by the SSS
- has not been granted any final SSS benefit nor was refunded SSS contributions
- must be up-to-date in the payment of all other existing loans with the SSS
Like the two (2) SSS loans mentioned above, you can also freely check the details set by the Social Security System under the SSS Calamity Loan offer for members.
lisod pag avail sa inyong ..agi patag online..pls follow pag ibig system..
How about hindi umabot ng 34 months yung hulog ko sa SSS sguro mga 16 months lang. Gusto kolang kasi ma try kong pwede bha maka load kahit hagang 15 or 16 months lang hulog ko sa SSS. Gagamitin kolang po sa pangpa anak ng asawa ko. Di kasi nya magagamit kasi hindi kami kasal. Kaya gusto lang subukan kong pwede bha.