SSS Personal Salary Loan: Who Are Qualified to Apply For It

Guide on SSS Personal Salary Loan Application Qualifications

SSS PERSONAL SALARY LOAN – Are you planning to apply for a salary loan to Social Security System but doubting if you are qualified for it?

There are a lot of benefits in being a member of state-run social insurance institutions like the Government Service Insurance System (GSIS) and the Social Security System (SSS). These two (2) are the biggest firms in the field of insurance.

Let us talk about the Social Security System or the SSS. Most of its members are people who are working in the private sector and those who have their own businesses. Some members are the individuals who decided to make a voluntary membership to the institution although they are not working in the private sector or running a business.

The SSS has several benefits and offers for its members. They have loan offers that the members may turn to in times of need for financial assistance over a purpose.

One of the loan offers of the Social Security System is the SSS Personal Salary Loan. It aims to address the short-term needs of a member for cash.

Who may apply for the SSS Personal Cash Loan? Like in other offers of SSS and what other insurance institution has set, there is a required monthly contribution to the SSS to avail this offer. To be eligible to apply for it, the member-borrower must:

• have an active account with the SSS
• be having at least 36 monthly contributions
• have posted at least six (6) of the monthly contributions in the last twelve (12) months prior to the loan application

The amount that you can borrow from the SSS may be affected by specific factors like your total monthly contribution to the social insurance institution. Do you want to check on how much you may borrow under this loan offer?

Thank you for visiting Moneysense.ph and allowing us to help you with your concerns. We hope that we got your queries answered. You may check on other articles on our website.

You may also visit – SSS LOANS: 3 SSS Loan Offers For Members & How To Apply For Them