Guide on SSS Loan Requirements in Applying for Salary Loan Offer
SSS LOAN REQUIREMENTS required by the Social Security System if loan application will be filed by employer or company.
Have you heard about the Salary Loan offer of the Social Security System? Aside from the loan offers that may be provided by banks and the company that you are working for, this is another financial solution that you may turn to.
In fact, countless Filipinos have availed the Salary Loan offer which helped them amid the most financially-challenging situations in their lives. It is a multi-purpose loan offer thus it serves flexible purposes.
You may apply for the loan to finance a minor business expansion, to make a personal purchase, to travel, to fund an event, etc. It is open for both salaried and non-salaried members of the state-run social insurance institution.
The loan application may be filed in person or it can also be done by your employer or the company that you are working for in behalf of you. There is a specific list of SSS loan requirements for applications to be filed by the employer or company. Here is a guide on the qualifications and the documentary requirements for application:
Qualifications
- 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
SSS Loan Requirements
- 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
With regards to the valid IDs accepted by the Social Security System, here are the options that the loan applicants may choose from:
- 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