The Step-By-Step Pattern And Guide On How to Apply For SSS Salary Loan

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Being a member of Social Security System or SSS could not only draw up you for your retirement, it could also support you in case of financial emergency. Let us lead you on how to apply for SSS salary loan.

Do the below details and methods on how to apply for SSS salary loan.

Check if you’re qualified for SSS salary loan with the following:

1. Must be either self-employed, employed, an optional member or an OFW

2. Must be actively contributing for the past 6 months

3. Must have at least 36 months contribution if you’re claiming for 1-month loan or 72 months
contribution for 2 months loan

4. Must be below 65-years old

5. No record of disqualification because of deception

Here are the requirements that you have to submit:

1. Application form or the SSS form ISL-101
2. SSS ID or E-6 acknowledgement card
3. 2 valid IDs together with signature and new photo

Here is the step-by-step pattern on how to process your SSS salary loan application:
You can process it through various options:

1. See any SSS office (main or regional office)
2. Particular SSS representative at the Philippine embassy, for OFWs

Member-borrower’s duly managed Member Loan Application
Authorized Representative’s SS card or any 2 valid IDs both with signature and 1 with photo
Letter of Authority or LOA signed through both the member-borrower and member-borrower’s authorized representative
Member-borrower’s SS card or any 2 valid IDs same with signature and 1 with photo.

1. Online, by My.SSS account. You should look at the SSS pattern for making an account.
2. Snail mail or fax using the below details

Foreign Branch Expansion and Monitoring Department
3/F SSS Building
East Avenue, Diliman, Quezon City
Or Fax (632-435-9814)

Go to the SSS website for more details through clinking here.

NOTE:- 1-2 months loans are payable in 2 years with the annual interest of 10% per annum. A service fee of 1% from the earnings of the loan and 1% interest every month for missed due payment. Salary deduction will be made month after the loan.
Source: OFW UPDATE