SSS Cash Loan 2023 — How To Apply, Requirements & Loanable Amounts…

Guide on SSS Cash Loan 2023 Details of Application Process & Requirements

SSS CASH LOAN 2023 – You can check the guide below for the process on how to apply for this SSS loan offer and the requirements.

A huge part of the Filipino populace are composed of members of the Social Security System or more popularly called the SSS. Its members are individuals who are working in the private sector, self-employed individuals, overseas Filipino workers (OFWs), unemployed spouses of SSS members, and voluntary members.

The SSS is a state-run social insurance institution. It offers SSS loans and benefits for the qualified SSS members. To keep an updated account and increase your chance of eligibility to the loan and benefit offers, members submit a monthly contribution based on the SSS Contribution 2023 tables.

With regards to the loans offered by the Social Security System to its qualified members, one of the offers is the SSS Cash Loan 2023 or also called the Salary Loan. It is a multi-purpose loan offer that is open for both employed and self-employed members of the state-run social insurance agency.

The said cash loan offer was crafted to help address the short-term financial needs of SSS members. You may apply for it to fund a car repair, make ends meet, expand your business, pay for the tuition fees, etc.

To be eligible for application to the loan offer, the borrower must meet the following qualifications:

• an active SSS member with updated contributions
• a Filipino
• has at least thirty six (36) posted monthly contributions
• has not been granted final benefit
• under sixty-five (65) years of age at the time of application
• has not been disqualified due to fraud committed against the SSS

The approved loan amount varies but the Social Security System has generously posted details about the possible loan amount under the SSS Salary Loan offer based on the total monthly contributions posted.

The maximum loan term for the offer is 36 months or three (3) years. The SSS cash loan interest is implemented on an annual basis at 10% per year.

How to Apply for the SSS Cash Loan 2023:

Step 1 — Prepare the requirements for SSS Cash Loan 2023 application process. There are documents that you need to submit to the Social Security System.

Step 2 — Go to a branch of the Social Security System nearest to you and submit the required documents. If you opt to apply for the loan offer online, there is also an easy process on how to apply for an SSS loan online.

Aside from the multi-purpose loan offer, the SSS Cash Loan 2023, the Social Security System also offers offers SSS Calamity Loan and the SSS Housing Loan application for eligible members.