Asked by: Falak Winkelbeinerpersonal finance retirement planning
When can I apply for SSS loan?
Last Updated: 3rd March, 2020
Click to see full answer.
Furthermore, when can I avail my SSS loan?
All currently employed, currentlycontributingself-employed or voluntary member. For a one-monthloan, themember-borrower must have thirty six (36) postedmonthlycontributions, six (6) of which should be within the lasttwelve(12) months prior to the month of filingofapplication.
Furthermore, how can I apply for SSS loan? To apply personally, visit an SSSbranchand submit a duly filled-up application form togetherwithyour SSS ID or E-6 Form and at least two valid IDswithsignature. At least one of the IDs presented should haveyourphoto. After submitting requirements, it takes two tothreeweeks of loan processing.
Regarding this, how much is the first loan in SSS?
SSS loan amount SSS members with at least 36monthlycontributions can borrow an amount equal to their one-monthsalaryup to P15,000. Those with at least 72 monthly contributionsareentitled to a two-month loan worth twice their salary uptoP30,000.
Can a voluntary SSS member apply for a loan?
The only requirement is to have at least onemonthlycontribution as a voluntary, self-employed, orOFWmember. The SSS salary loan is acashloan granted to any SSS member –includingvoluntary ones – to help them meet theirshort-termcredit needs.