Guide on SSS Cash Loan Loanable Amounts & the Requirements in Applying
SSS CASH LOAN LOANABLE AMOUNTS – Here is a guide on how much you may borrow under this loan offer of the Social Security System.
The Social Security System, more commonly called SSS, has a Salary Loan offer for its members. You can check the details of this cash loan offer below including the amount that you may borrow and the requirements for application.
With regards to the SSS Cash Loan loanable amounts, it depends on the total number of contributions posted in your SS account. For first-time borrowers, you must have at least 12 monthly contributions posted to be eligible to get a one-month salary loan – meaning, the amount is equiavalent to your one-month salary.
For the SSS Cash Loan loanable amounts for members who have posted at least 24 monthly savings, you can borrow twice the amount of your monthly salary. Below are the requirements you must comply in applying for the loan offer.
If you are the one who will process your loan application to SSS, prepare the following documents for application:
- 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
If an authorized representative will be processing the loan application in behalf of you, the following documents will be needed:
- duly-accomplished Member Loan Application Form
- Letter of Authority (LOA) from employer
- SSS-issued Authorized Company Representative (ACR) card
- 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
For applications that will be proceeded by the employer or the company’s representative, here are the requirements:
- duly-accomplished Member Loan Application Form
- two (2) valid IDs both with signature and at least one with photo
- 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
You may also visit – SSS LOANS: 3 SSS Loan Offers For Members & How To Apply For Them