Steps on How To Apply Educational Loan to SSS & the Requirements to Prepare
HOW TO APPLY EDUCATIONAL LOAN TO SSS – Here is a guide in applying for the Social Security System Educational Loan offer.
Social Security System members who are sending their children to tertiary education may apply for a loan to SSS. The social insurance institution offers the SSS Educational Loan.
Do you want to check the loanable amounts under this loan offer? It depends if the student beneficiary is taking a college degree or a vocational course. The tuition and miscellaneous fees also play a part. To check on how much you may borrow, feel free to visit – SSS Educational Loan: How Much You May Borrow If You Take Degree Course, Vocational.
How To Apply Educational Loan to SSS?
- Step 1 – Check if you are qualified to apply for this loan offer of the Social Security System (SSS). To be eligible, applicant-borrower must be:
- an active SSS member who has paid at least 12 monthly contributions with at least one (1) contribution posted within the latest three (3) months
- earning not more than P25,000 a month
- having an SSS monthly salary credit that is P15,000 or below
- not a deliquent in his or her outstanding SSS housing loan or salary loan (if there is an existing loan)
- Step 2 – Prepare the documents needed in applying for the loan offer. To check on the documents that you need to prepare in applying for this SSS loan offer, you may visit – SSS Educational Loan Requirements: List of Documents You Must Prepare & Submit.
- Step 3 – Download the SSS Educational Loan Application Form. For your convenience, you can download it online. Feel free to visit – SSS Educational Loan Form.
- Step 4 – Visit a branch of SSS nearest to you and submit your requirements. Wait for the update from the social insurance institution regarding your loan application.
You may also visit – SSS Loan Requirements for Salary Loan Application – What You Need to Prepare
