SSS SALARY LOAN PAYMENT – Schedule Of Payment Under SSS Member Salary Loan

Guide on the SSS Salary Loan Payment Schedule

SSS SALARY LOAN PAYMENT – Here is a guide on the schedule of the payment under the Social Security System Member Salary Loan.

In the Philippines, there are two(2) giant insurance institutions ran by the government. One of is the Government Service Insurance System (GSIS) and the other is the Social Security System (SSS).

The GSIS is the insurance institution that covers the people working in the government and the public agencies while those who are working in private companies are under the SSS.

With regards to the SSS, it offers several types of services, benefits, and assistance to its members. Its assistance includes the SSS Loans.

Among the loans offers is the SSS Member Salary Loan. It is perfect for those who are in dire need of financial assistance to make ends meet or even those who have something to fund.

Under the said loan, the member-borrower may apply for a one-month average salary or a two-month average salary depending on his or her eligibility status.

Members who have paid at least 36 total monthly contributions are eligible for a one-month loan while those who have at least 72 total monthly contributions may apply for a two-month average salary loan.

With regards to the payment, it can be paid for up to two(2) years or 24 monthly installments.

Based on the official website of the Social Security System, here is a guide on the SSS Salary Loan Payment Schedule:

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