Guide on SSS Salary Loans Offer Loanable Amounts
SSS SALARY LOANS – Here is a guide on how to apply and the requirements for application to the Social Security System’s cash loan offer.
Are you a member of the Social Security System? More commonly called SSS, it is giant social insurance institution in the country and most of its members are employees in the private sector. The self-employed members also take a huge chunk in the populace of SSS members.
SSS members pay a monthly contribution to the SSS as savings. Once it accumulates, a member may be eligible to apply for the loans offered by the state-run social insurance institution or claim some benefits.
Among the loans offered by the Social Security System are the SSS Salary Loans. These are offered to help address the short-term financial needs of members of the state-run social insurance institution.
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 Salary Loans 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