Guide on SSS Salary Cash Loan Application for Employed Members
SSS SALARY CASH LOAN FOR EMPLOYED – Here is a guide on how much you may get under the loan offer and how to apply for it.
The SSS Salary Cash Loan offer for employed individuals was crafted to help the members in times of financial needs – specifically short-term financial needs. It is a multi-purpose loan offer thus you may apply for it to augment some medical expenses, expand your business, make a huge purchase, pay for the kids’ tuition, etc.
Who are qualified to apply for this loan offer? For an employed member of the SSS to be eligible for the cash loan offer, he or she must be:
- an employed member who has posted at least 36 monthly contributions
- having posted contributions in the last twelve (12) months prior to the month of the application
- employed or working to an employer with an updated payment of contributions and loans
- if applicable, the member must be updated in his or her SSS loans
How much you may borrow under this loan offer? The loanable amount actually varies on a case-to-case basis. To check the amount that you may borrow under the offer, feel free to visit – SSS Salary Loan Amount: Guide on How Much You May Borrow.
The SSS Salary Cash Loan Application for Employed Individuals. With regards to the application process for employed individuals, it can be done online via the official website of the Social Security System (My.SSS). The application must be certified by the employer of the member-borrower.
There are documentary requirements that you need to prepare and submit for the cash loan application to the state-run social insurance agency. To check on the documents that you need to prepare, you may visit – SSS Cash Loan Requirements: Here’s What You Need To Prepare in Applying for this offer….