Guide on How to Pay SSS Salary Loan for Members Who Borrowed Cash
HOW TO PAY SSS SALARY LOAN – Here is a guide for members of the Social Security System in paying for the cash loan offer.
One of the government agencies that offer a multi-purpose cash loan is the Social Security System, more popularly called SSS. Its SSS Salary Loan offer is open for members who have posted at least 36 monthly contributions on their accounts.
The SSS Salary Loan offer is open for employed and self-employed members of SSS. Overseas Filipino Worker (OFW) members of the state agency may also apply for the loan offer.
The loanable amounts under the SSS Cash Loan depends on the member-borrower’s total savings in his or her account. The Social Security System has crafted convenient options for the members with regards to the loan repayment.
An SSS member may pay for the loan for up to two (2) years or 24 monthly installments. The first monthly amortization will be two (2) months after the date of loan, which is due on or before the payment deadline, as per the following:
For Regular and Household Employers:
If the 10th digit of the 13-digit ER/HR number 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
For Self-Employed and Voluntary Members:
If the 10th digit of the 13-digit SS number 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
How to pay SSS Salary Loan? The payment can be made either over-the-counter, online, or through the partner store of banks of the government entity. For over-the-counter payments, simply visit any of the following:
- SSS branch with tellering facility
- SSS bank partners
- SSS-authorized payment center
- Cashpinas Remittance Corp.
- CIS Bayad Center, Inc.
- Electronic Commerce Payments, Inc.
- I-Remit, Inc.
- LMI Express Delivery, Inc.
- Pinoy Express Hatid Padala Services, Inc.
- SM Mart, Inc.
- Ventaja International Corp.
On the other side, if you want to pay for your SSS Salary Loan due online, you can do it through the following mobile applications:
- Bank of the Philippine Islands (BPI)
- PayMaya Philippines, Inc.
- AltPayNet Corp.
- Cashpinas Remittance Corp.
- CIS Bayad Center, Inc.
- Robinsons Bank Corp.
- Security Bank Corp.
- UnionBank of the Philippines
There are also SSS collecting agents where members may pay for their loan dues through the websites of these agents. They are the following:
- AltPayNet Corp.
- Bank of the Philippine Islands (BPI)
- CIS Bayad Center, Inc.
- I-Remit, Inc.
- Land Bank of the Philippines
- Robinsons Bank Corp.
- Security Bank Corp.
- UnionBank of the Philippines