Guide on Who Are Eligible To Apply for the GSIS & SSS Loans
GSIS & SSS LOANS – Here is a guide on who are eligible to apply for the loans provided by the Government Service Insurance System and the Social Security System.
Among the biggest social insurance institutions in the Philippines are the Government Service Insurance System or more commonly called as GSIS and the Social Security System or SSS. Each of them caters services to specific groups of people.
The GSIS is intended for the employees of the government and those who are working in the public sector. The SSS is a social insurance institution for the private employees, the self-employed individuals, and those who want to voluntarily apply for SSS membership.
Are you a member of either the GSIS or SSS? There are actually some individuals who are members of both. They are entitled to a lot of benefits and privileges including the GSIS and SSS loans.
Undeniably, the GSIS and SSS loans are among the most helpful offers of the two(2) giant social insurance institutions. These are assurance that you have something to turn to most especially in the face of financial struggles.
There are main eligibility qualifications set under the GSIS and SSS loans. Based on an article on Cashalo, to be eligible to apply for the loan offers, here are the standards that the borrower must meet:
GSIS Loans Main Eligibility Qualifications
The GSIS member must be:
- an active permanent or non-permanent member of the social insurance institution
- not having a pending case for six(6) months before the loan application
- without pay during the leave of absence (LOA)
- having a gross salary that meets the minimum amount mandated under the General Appropriations Act which is Php 15,000.00
Do you want to apply for the GSIS loan offers? You may visit – GSIS LOANS: List of GSIS Loan Offers Members Can Apply For.
SSS Loans Main Eligibility Qualifications
The SSS member must be:
- an active member who has paid at least 36 monthly contributions to the social insurance institution
- working on an employer who is updated with the posting of the monthly contributions
- a recipient of a final benefit like permanent disability benefit or retirement based on the article
- below 65 years old
- accused of fraudulent activities against the SSS
There are several loans offered by the Social Security System to its members. You may visit – SSS LOANS: 3 SSS Loan Offers For Members & How To Apply For Them.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
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