Guide on SSS Pension Loan 2025 Offer for Retired Members
SSS PENSION LOAN 2025 – The Social Security System has packed its offer with excellent features and convenient application process.
At any age, an active membership to the Social Security System or more popularly called SSS really brings an edge. If you are an SSS member with a good-standing account, you have benefit offers and loans that you can turn to in times of need.
Through the years since its operation in 1957, the Social Security System has continuously grew its offers. Its lists of benefits for the members attend to different needs and its loan offers also expended to respond to the different financial needs of the members.
The SSS is serving millions of Filipinos not only in the Philippines but as well as abroad. It has a huge member populace as most of the companies and employers in the private sector require an SSS membership from their employees to widen their financial resources. Truth be told that the SSS Retirement Benefit is the offer that most members look forward to.
Meanwhile, aside from the SSS Retirement Benefit, in times of old age or after the retirement from work, members also has another safety net — the SSS Pension Loan. It was crafted to provide the retired members of the social insurance giant with an option that they can turn to in times of financial needs.
The SSS Pension Loan is a non-collateral loan offer which also does not require the member-borrower to have an ATM cards. The social insurance giant also boasts its loan offer with low interest rates. During the loan, the borrower is also covered by the Credit Life Insurance (CLI). Thus, the beneficiaries do not have to worry in case of the death of the pensioner-borrower as the loan will be automatically fully-paid.
With regards to the SSS Pension Loan amount allowed for borrowing, there are varying options. You may check on it to determine the loanable amounts as well as the interest rate and how the loan will be repaid.
With regards to the releasing of the loan proceeds, according to the SSS, the loan proceeds will be released within three (3) working days for ONLINE applications and five (5) working days for OTC (Over-the-Counter) applications.
There is a P25-fee for the Quick Card or Cash Card and it is shouldered by the pensioner-borrower. It will be deducted from the loan proceeds. Are you interested to apply for the loan offer?
There are some eligibility requirements to apply for the SSS Pension Loan and you may apply for the offer online.