List of SSS Cash Loan Requirements 2024 Members Must Submit to Apply
SSS CASH LOAN REQUIREMENTS 2024 – Listed below are the documents required by the Social Security System in applying for its cash loan offer.
In the Philippines, one of the state-run social insurance giants is the Social Security System or more popularly called SSS. Millions of Filipinos are members of the social insurance agency and most of these are individuals who are locally-employed in the private sector.
Aside from locally-employed individuals, the SSS member populace is also composed of self-employed individuals, overseas Filipino workers (OFWs) and voluntary members. They remit a monthly contribution to keep their accounts updated and eligible for the loans and benefits offered by the state-run social insurance institution.
Aside from the SSS Housing Loan and the SSS Calamity Loan, the Social Security System also offers a Salary Loan or also called the SSS cash loan offer. It is open for members who meet the following eligibility requirements for SSS cash loan application:
- currently employed, self-employed, or voluntary member of the Social Security System
- must have posted at least 36 monthly contributions in the SSS account
- employer must be updated in the payment of the SSS contributions
- has not received any final benefit from the SSS
- 65 years old and below at the time of the loan application
- has not been disqualified due to fraud committed against the SSS
To apply for the offer that can get you up to twice (2) the average of your monthly salary credits (MSCs), there are SSS cash loan requirements that you must prepare and submit. It depends on who will file the loan application. Here’s a guide:
If you are the member-borrower:
- 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)
- Senior Citizens Card
- Professional Regulation Commission (PRC) ID
- Seaman’s Book
- LTO Driver’s License
- School ID
- Company ID
- Voter’s Identification card/affidavit/Certificate of Registration
- Postal ID
- GSIS Card
- Tax Identification Number (TIN) Card
- Baptismal Certificate
- Overseas Worker Welfare Administration card
- ATM card with cardholder’s name or with certification from bank
- Health or Medical Card
- Credit Card
- Police Clearance
- Transcript of Records
- NBI Clearance
- Pag-IBIG Member’s Data Form
- Marriage Contract
- Seafarer’s Registration Certificate issued by POEA
- Bank Account Passbook
- 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
If filed by an authorized representative of the member-borrower:
- duly-accomplished Member Loan Application Form
- SSS-issued Authorized Company Representative (ACR) card
- Letter of Authority (LOA) from employer
- two (2) valid IDs both with signature and at least one with photo
- Member-borrower’s SS card or Application for SS card (SS Form E-6) acknowledgment stub and two (2) valid IDs
If filed by employer or company’s authorized representative:
- duly-accomplished Member Loan Application Form
- Letter of Authority (LOA) from employer
- Member-borrower’s SS card or Application for SS card (SS Form E-6) acknowledgment stub and two (2) valid IDs
- two (2) valid IDs both with signature and at least one with photo
What if i already resign to my last company can i allowed to apply for loan?
I’m a seafarer on vacation. My last SSS contribution amounting to 4500 was on December 2023. I signed off last December 18, 2023. I paid my SSS contribution for the month of January 2024 as voluntary member. Yesterday at week I filed for a salary loan but was denied due to the new policy of SSS that I should update my voluntary contribution for at least 6 months. How can I do that? The reason why I applied for the said salary loan because of I’m running out of budget. I always count on SSS years before when I needed emergency funds. But with the new policy it seems impossible for seafarers to avail such program.