Guide on SSS Loan Requirements in Applying for Salary Loan Offer
SSS LOAN REQUIREMENTS you must submit if you are an authorized representative of a Social Security System member who want to apply for the loan.
In the Philippines, there are countless individuals who are members of the Social Security System thus countless Filipinos have access to the multi-purpose cash loan offer of the state entity which is the SSS Salary Loan.
The SSS Salary Loan can help address various financial needs. It is open for both salaried and non-salaried members of the state-run social insurance agency who meet the following qualifications for 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
- has not received any final benefit from the SSS
- if employed, the employer must be updated in the payment of the SSS contributions
- 65 years old and below at the time of the loan application
- has not been disqualified due to fraud committed against the SSS
Aside from the SSS loan requirements pertaining to the eligibility for application stated above, there are also documents that must be submitted in applying for the loan. In the case of an authorized representative who will file the loan in behalf of an SSS member, here are the documents required by the social insurance institution:
- 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
Which IDs are accepted by the Social Security System? Here is a wide range of the IDs that the state-run social insurance entity accepts provided that the document is within the validity period set by the issuer:
- 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