Do you want to Renew your SSS Salary Loan? Here’s a Guide…
RENEW SSS SALARY LOAN – Here is a guide on how much you may get from the cash loan renewal to the Social Security System (SSS).
You must be a member of the Social Security System that is why you landed in this page. More commonly called as SSS, it is one of the biggest social insurance institutions in the Philippines and millions of Filipinos are members of the said agency.
Most of the members of the SSS are employees in the private sector and self-employed individuals. There are also overseas Filipino workers (OFWs) who are members of the SSS. The members may qualify to the benefits and loans offered by the state-run social insurance agency.
One of the loans offered by the Social Security System is the Salary Loan. It is offered for both employed and self-employed members of the state-run social insurance agency. It is open for members who have posted at least 36 monthly contributions.
Do you want to know the loanable amounts under the said loan offer? Feel free to visit – SSS Salary Loan Amount: Guide on How Much You May Borrow.
If you have an existing loan and you want to renew your SSS Salary Loan, it is possible. It is allowed after you have paid at least 50% of the original amount and at least half of the loan term has passed.
How much you will get if you will renew your SSS Salary Loan? According to the state-run social insurance institution, the “proceeds of renewal loan is any amount greater than or equal to zero as long as the outstanding balance on the previous loan is deducted”.
Do you want to know the interest rate implemented by the Social Security System under the Salary Loan offer? You may visit – SSS Housing Loan Interest Rate – Here’s the Interest Rate per annum….