Details about the SSS Salary Loan Payment Schedule for Employed Borrowers
SSS SALARY LOAN PAYMENT SCHEDULE – Here is a guide on the deadline for the payments of regular employers under the cash loan offer of the Social Security System.
The Social Security System (SSS), a government-run social insurance institution, offers a variety of loan options to its members. Those who have contributed at least 36 monthly payments are eligible to apply for the Salary Loan program.
The SSS cash loan does not necessitate collateral and can be repaid within a maximum period of 24 months or two years. To qualify for this loan, there are documents that are necessary for submission.
The cash loan offer of SSS is non-collateral. It is also payable for up to 24 months or two (2) years. To borrow money under the said offer, the following documents are needed:
- 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
You can check the loanable amounts under the loan offer even prior the loan application. Kindly visit – SSS Salary Loan Amount: Guide on How Much You May Borrow.
When it comes to the payment schedule for SSS Salary Loans, it depends if the member is a regular or household employee, or as a self-employed or voluntary member of the institution.
Here is a guide on the SSS Salary Loan payment schedule that is based on the “10th digit of the 13-digit ER/HR number”:
If it ends in…
- 1 or 2 – 10th Day of the Month
- 3 or 4 – 15th Day of the Month
- 5 or 6 – 20th Day of the Month
- 7 or 8 – 25Th Day of the Month
- 9 or 0 – Last Day of the Month
You may also visit – SSS Member Benefits: Full List of Benefit Offers for Qualified Members
