Guide on SSS Money Loan Requirements 2024 for Application
SSS MONEY LOAN REQUIREMENTS 2024 – You can check here the documents required in applying for the Social Security System cash loan offer.
In the Philippines, one of the giants in terms of social insurance is the SSS or the Social Security System. It is in the service of the Filipino people for decades already. It has several offers for its members.
The SSS membership is usually mandated among the employees working in the private sector. In most cases, the employers and the companies pay a share in the monthly contribution of the members.
SSS members have to regularly post a monthly contribution to maintain an updated account. It is the way to qualify to the SSS loans as well as the different benefit offers of the state-run social insurance entity.
Aside from the SSS Housing Loan and the SSS Calamity Loan offers, the Social Security System also offers a multi-purpose loan offer. It is called the SSS Salary Loan offer, the cash loan offer, or, sometimes, the SSS money loan offer.
Here are the eligibility requirements in applying for the SSS money loan offer of the state-run social insurance entity:
- 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
With regards to the documentary requirements in applying for the SSS money loan offer, here are the documents required by the state entity if the application will be filed by the member himself/herself:
- 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)
The Social Security System allows the filing of applications by an authorized representative of the member. In this case, here are the documents required by the state-run social insurance institution for application:
- 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
The loan application may also be filed by the employer. In this case, here are the documentary requirements for application:
- 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
With regards to the identification documents accepted by the Social Security System, here is a list of the options. Make sure that the IDs submitted are within their validity period:
- 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