Guide on Who Are Eligible for the SSS Salary Loan
SSS SALARY LOAN – Here is a guide on who are eligible to apply for the member salary loan offer of the Social Security System.
One of the biggest social insurance institutions in the Philippines is the Social Security System. More commonly called as SSS, it mainly provides insurance offers for the workers of private companies and those who are running businesses.
If you are an active member of the SSS, a lot of benefits and privileges may be extended to you most especially in times of emergencies. It can lend you money to make ends meet, help you obtain funds when you are absent from work due to sickness and aid the family of a deceased member for the burial among others.
There are also several SSS loans that members may be eligible for – the salary, the business, and the housing loans. Each serves quite specific purposes except for the salary offer.
Like in other loan offers, the Social Security System has maintained a set of eligibility requirements in applying for the SSS Salary Loan. To be eligible for the said loan offer, the borrower must:
- be an active employed, self-employed, or voluntary member of SSS
- be 64 years old and below on the time of the loan application
- be working for an employer who is updated in terms of contributions
- not be a recipient of a final benefit from SSS like SSS Retirement Benefits and Total Permanent Disability assistance
- have not committed fraud against SSS
Do you want to know how much you can borrow under this loan offer? You may visit – SSS LOANABLE AMOUNT: How Much Is Loanable Under Salary Loan.
Applying for this SSS loan offer is easy. For a guide on the process and the requirements that you must prepare – SSS SALARY LOAN: How To Apply For Salary Loan To SSS.
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.
READ ALSO: SSS MEMBER LOAN – How Much Is Deducted for the Service Fee