Check here the Steps for SSS Cash Loan 2026 Application Process
SSS CASH LOAN 2065 – You can check here the features and the steps on how to apply for the Salary Loan offer of the Social Security System.
Even if your monthly salary can cope with all your personal and household expenses every month, there is still even a small chance of being caught in a situation wherein you might need an access to additional funds. This is where the advantage of being a member of state-run social insurance giant with a good account standing sets in.
In the Philippines, one of the social insurance giants that provide multiple financial options to its members in different situations is the Social Security System. More popularly called as SSS, it is in the service of millions of Filipino people since 1957. Its offers have greatly expended through the years.
The Social Security System is in a constant pursuit of providing the best offers for its members. Thus, it did not only equip its list of offers for its members with different SSS benefits but as well as provides valuable loan offers.
One of the loan offers of the social insurance giant is the SSS Salary Loan. It is also called as the SSS cash loan and it is multi-purpose. In fact, you can address several financial needs under a single loan.
You may apply for the SSS cash loan offer to make a personal purchase, fund a travel, expand your business, meet the household expenses, host an event, etc. The loan offer is open for SSS members who have posted east 36 monthly premiums (six (6) of which should be within the last twelve (12) months prior to the month of filing of application).
In the case of locally-employed SSS members who wants to apply for the cash loan offer, the employer of the member must be updated in the payment of the contributions. The loanable amount under the SSS cash loan offer may be on a case-to-case basis.
The loan is payable for up to three (3) years. The SSS cash loan interest rate is also one of the lowest and is implemented on a diminishing principal balance. To apply for the Salary Loan offer, there are only a few steps that you need to follow to ensure a smooth application process. Here’s a guide:
Step 1 — Ensure that you are qualified to apply for the loan offer. For a member of the SSS to be eligible to apply for the offer, he/she must meet the following qualifications:
- member-borrower must have posted at least thirty-six (36) posted monthly contributions, six (6) of which should be within the last twelve (12) months prior to the month of filing of application
- employer of the employed member-borrower must be updated in the payment of contributions and loan remittances
- be under sixty-five (65) years of age at the time of application for loan
- have not been granted any final benefit
- have not been disqualified due to fraud committed against the SSS
Step 2 — Gather the requirements. The documents required by the Social Security System vary depending on who will file or process the loan application.
Step 3 — Once you already have all the documents required for the SSS cash loan application, go to a branch of the social insurance giant nearest to you and submit your requirements. Wait for an update from the SSS on the status of your loan application.