Check Here the Steps on How To Apply for SSS Pension Loan 2024 To Obtain Extra Cash
HOW TO APPLY FOR SSS PENSION LOAN 2024 – Here is a guide for pensioners in applying for the Social Security System loan offer.
Are you a pensioner of the Social Security System who is in need of some extra funds for a project or something else? You may turn to the Pension Loan offer of the social insurance giant. It has helped countless pensioners in their financial needs.
The Social Security System is one of the biggest social insurance entities that is operating in the Philippines for decades now. It has millions of members from across the nation. It also has members who are working abroad.
Aside from the working members of the Social Security System, it also has a huge population of pensioners. Aside from the SSS Retirement Benefit, the pensioners of the state-run social insurance entity may also avail the SSS Pension Loan in times of need for financial solutions.
The SSS Pension Loan can be applied for online. Here are the steps on how to apply for the SSS Pension Loan 2024:
- Step 1 — Log in to your My.SSS Member Account.
- Step 2 — Tap/Click Loans > Apply for Pension Loan.
- Step 3 — Pick the disbursement account where you want to receive the proceeds of your SSS Pension Loan. In case you have yet to enroll a disbursement account for the electronic disbursement of your Pension Loan, the SSS may automatically reject your application. If you have not yet chosen an account for your Pension Loan disbursement, the “Submit” button will remain disabled.
- Step 4 — Pick your preferred Pension Loan amount from the computations displayed on the screen by tapping/clicking the “Submit” button below each computation.
- Step 5 — Check all the details of your application, then tick the small box on the left side of the “Acknowledgment, Authorization and Agreement” box screen. It means you agree with the amount of Pension Loan as stated in the Disclosure Statement, the deduction of your monthly loan amortization from your monthly pension and the Terms and Conditions of the Pension Loan Program if you do so.
- Step 6 — The Terms and Conditions of the Pension Loan Program shall be displayed. Tap/Click the “I have read and agree to the Terms and Conditions” button to proceed with the SSS Pension Loan application.
- Step 7 — Tap/Click the Disclosure Statement and download or print a copy.
- Step 8 — Close the Disclosure Statement page to activate the Submit Pension Loan button. Then click “Submit Pension Loan”.
- Step 9 — A notification screen shall be displayed regarding the successful submission of your SSS Pension Loan application. The same notification shall also be sent to your registered email address.
How to apply for the SSS Pension Loan renewal? According to the Social Security System, the pensioner-borrower is only allowed to renew the loan after the full payment of the amount borrowed from SSS.