How Can I Loan In SSS?

How can I apply SSS salary loan online?

How to submit application via SSS WebsiteVisit the SSS website (sss.gov.ph) and click Member.Enter your User ID & Password and click the box for the captcha.Under E-Services, click Disbursement Account Enrollment Module and enroll in the system your bank account where the loan will be disbursed.More items…•.

How many years can I loan in SSS?

5 yearsMember must be a member of the SSS; Member has at least 36 months premium contribution and 24 continuous contributions in a period prior to application. Member not more than 60 years old at the time of application and must be insurable. Members age 60 years at time of application will have a maximum loan term of 5 …

How do I know if my SSS loan is available?

Click ‘Loan Status/Loan Info’ to show the details of your current loan application (see the screenshot above). In my case, the status of my SSS salary loan application at the time of checking is “CHECK GENERATED” meaning the check is already available and ready to be delivered/credited to my account.

How can I pay my SSS salary loan?

To proceed with payment:Log on to https://www.sss.gov.ph.Click on Payment Reference Number (PRN)Copy the generated Payment Reference Number (PRN)Be sure to check if covered months being paid for is correct. … Log in to Security Bank Online.Select Pay Bills under Payments & Transfers.More items…

How much is the first loan in SSS?

SSS loan amount SSS members with at least 36 monthly contributions can borrow an amount equal to their one-month salary up to P15,000. Those with at least 72 monthly contributions are entitled to a two-month loan worth twice their salary up to P30,000.

How can I get loan in SSS?

Salary LoanApplication Requirements. Member-Borrower. Member Loan Application Form. … Filing Procedure. A borrower may file the salary loan application at the branch nearest the place of residence or business. A member who is registered at My.SSS can submit the salary loan application online.

What are the requirements for SSS calamity loan?

What are the SSS Calamity Loan Requirements during the ECQ?Accomplished application form.Barangay Certification.One primary ID (UMID, driver’s license, passport, PRC card, or Seaman’s Book) or two secondary IDs (PhilHealth ID, company ID, senior citizen ID, voter’s ID, TIN card, etc.)

How can I loan my SSS 2020 online?

Step 1: Log in to Your My. SSS Account. … Step 2: Enroll Your Bank Account. … Step 3: Update Your Local Mailing Address. … Step 4: Fill Out the Application Form. … Step 5: Read the Disclosure Statement. … Step 6: Submit Your Application. … Step 7: Wait for Approval. … Step 8: Check the Status of Your Loan.

How much is the interest rate for SSS loan?

The interest rate for the loan is 9 percent per annum. Repricing: Loans with a payment term of not more than 15 years shall bear a fixed interest rate.

How much is the monthly SSS loan?

According to the SSS website, for a one-month loan, the amount is equivalent to the average of the member-borrower’s latest 12 Monthly Salary Credits or MSCs, or the amount applied for, whichever is lower.

How can I pay my SSS calamity loan?

Payment shall be made at any SSS branch office with payment facility, SSS-accredited bank, or SSS- authorized payment center. 1. The loan shall be charged an interest rate of 6% per annum commencing on the 4th month, computed on a diminishing principal balance and shall be amortized over the remaining 24 months.

How many days does SSS salary loan release?

5. The loan proceeds shall be available to member-borrower’s account within three (3) to five (5) working days from approval date of the loan. The salary loan proceed is accessible through any Megalink, Bancnet and Expressnet Automated Machines.

Can I fully paid my SSS loan?

If amount was deducted from employee’s separation pay, any proof that the remitted amount was equivalent to the employee’s outstanding loan balance will mean he has fully paid his SSS loan. … Any payment made after due date incurs interest and penalties.

How much is the loanable amount in SSS calamity loan?

Loan Amount Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program. Calamity Loan Interest rate is 5.95% per annum. The loan is amortized over 24 months, with a grace period of 3 months.

How can I check my SSS loan eligibility?

How to Check your SSS Loanable Amount Online?Open your Internet Browser and type www.sss.gov.ph in your URL.Login using your User Name and Password. If you do not have an SSS Online Account yet, you may create one. Follow this step by step guide on how to create an SSS Online Account. After successfully loggin in, you will see SSS Menu in your profile.

What will happen if I did not pay my SSS loan?

The Lender Will Take Back Your Car or Home As a way to recover their losses, lenders will take back the loaned car or house when you fail to repay the loan. For example, if you availed of an SSS housing loan, the SSS will foreclose the property as soon as you’ve failed to make six monthly loan payments.

How is SSS salary loan calculated?

A one-month salary loan is equivalent to the average of the member-borrower’s latest posted 12 Monthly Salary Credits (MSCs), or amount applied for, whichever is lower. … The net amount of the loan shall be the difference between the approved loan amount and all outstanding balance of short-term member loans.