Guide on SSS Cash Loan Offer Loanable Amounts
SSS CASH LOAN – Here are the minimum and maximum loanable amounts under the Salary Loan offer of the Social Security System.
The Social Security System, more commonly called SSS, is one of the biggest social insurance institutions in the country. Most of its members are employees in the private sector and self-employed individuals. Other members of the state-run social insurance institution are voluntary members and overseas Filipino workers (OFWs).
Monthly, members of the Social Security System (SSS) submit a monthly contribution as savings to the state-run social insurance institution. Accumulated savings can qualify a member to the benefits and loans offered by the state-run social insurance institution.
The SSS Cash Loan or Salary Loan is one of the offers of the state-run social insurance institutions. It was crafted to help address the short-term needs of members who are in need of cash for various purposes.
With regards to the SSS Cash Loan loanable amounts, it depends on the total savings of a member. To check how much you may borrow, feel free to visit – SSS Salary Loan Amount: Guide on How Much You May Borrow.
Steps for SSS Cash Salary Loan Application
Step 1 – Check the qualifications or eligibility requirements. There are qualifications set by the social insurance institution in apply for the SSS Cash Salary Loan. To be eligible for the loan offer, the applicant must be a Pinoy of legal age and must have posted at least 24 monthly savings.
Step 2 – Gather the documentary requirements. There are requirements that you must submit for the SSS Salary Loan application. The documents that you need to prepare and submit depend on who will process the loan application.
- For personal loan applications:
- 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
- For loan applications processed by an authorized representative:
- 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 loans to be processed by employer or company’s authorized representative:
- 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
Step 3 – Proceed to SSS. Go to the main office or branch of the Social Security System nearest to you and submit your documents. The social insurance institution will update you regarding your loan application result.
You may also visit – SSS LOANS: 3 SSS Loan Offers For Members & How To Apply For Them
Can Sr. Citizen who has existing loan but completed 1 year payments be still qualified to renew his loan?
Due to threat of new Covid 19 variants, why not process loans online since SSS has already have all documents required used during the existing loan.
Thank you and more power to serving SSS members.
i just recieve my pension last Jan. a lumsum for 18months can i make a pension loan?
Good day. My sister’s monthly pension is 3,800. How much she can loan and how many days to process.