Guide on SSS Salary Cash Loan 2024 Features & Requirements for Application
SSS SALARY CASH LOAN 2024 is ready to provide you with a financial solution packed with big loanable amounts for your needs.
In the Philippines, countless Filipinos are members of the Social Security System, more popularly called SSS, which is a social insurance giant. It is under the state and it has millions of members coming from different walks of life.
Unlike the member populace of the other social insurance giant which is the Government Service Insurance System (GSIS) which is composed of former and current employees of the government, the member populace of SSS is composed of the following:
- private sector employees
- self-employed individuals
- voluntary contributors
- overseas Filipino workers (OFWs)
- non-working spouses of SSS members
The Social Security System membership may be either compulsory or voluntary. Here are the member populace under each type of coverage:
Compulsory Coverage
- Employer (Business or Household Employer)
- Employee
- Self-Employed
- Househelper or Kasambahay
- OFWs
- land- and sea-based; except for Filipino permanent migrants, including Filipino immigrants, permanent residents and naturalized citizens of their host countries, who may be covered on a voluntary basis
Voluntary Coverage
- Non-Working Spouses (NWS)
- Separated Members
The social insurance giant has several offers for its members. The offers include benefits and loans. One of the loan offers is a multi-purpose loan — the Salary Loan or also called the SSS Salary Cash Loan.
The SSS Salary Cash Loan is designed to help a qualified member meet his/her financial needs. The SSS Salary Loan loanable amounts may vary and you can check it out to know how much you may borrow under the loan offer. It is also best to know the interest rates and the loan terms allowed by the state-run social insurance agency.
how many months of contribution should I have to avail sss salary loan 2024