SSS Loan Requirements: List Of Requirements In Applying For Salary Loan

0
3202

Full List of SSS Loan Requirements in Applying for Salary Loan

SSS LOAN REQUIREMENTS – Here is a full list of the requirements in applying for a salary loan to the Social Security System.

Members of the Social Security System or more commonly known as SSS, an insurance program that was created through the Republic Act No. 8282 in 1997, are entitled to a lot of privileges.

These privileges include loans, claims, and other benefits. Most of the members who can benefit these are employees of private companies and establishments.

SSS
Photo Courtesy of Philstar

Among the loans that the Social Security System offers to its members is the SSS Salary Loan. It is open to members who have paid at least 36 monthly contributions and have compiled the requirements.

According to the Social Security System, the SSS loan requirements differs depending on who will file the application for a loan – it could be the member-borrower, an authorized representative, or the employer/company the member is working at.

SSS Loan Requirements

Here is a full list of the SSS loan requirements depending on who will file the application:

If the member-borrower is the one who will file the application…

  • Duly Filled-up Member Loan Application Form
  • SSS Digitized ID or E-6 with any two valid IDs (One of the IDs should come with a recent photo)

If an authorized representative will file the application for the member-borrower…

  • Member-borrower’s duly accomplished Member Loan Application
  • Authorized Representative’s SS card or any two valid IDs both with signature and at least one with photo
  • Letter of Authority (LOA) signed by both the member-borrower and member-borrower’s authorized representative
  • Member-borrower’s SS card or any two valid IDs both with signature and at least one with photo

If an employer or an authorized representative of a company will file the loan application for the member-borrower…

  • Member-borrower’s duly accomplished Member Loan Application
  • Authorized Company Representative (ACR) card issued by SSS
  • Letter of Authority (LOA) from the employer and any two (2) valid IDs both with signature and at least one with photo
  • Member-borrower’s SS card or in its absence, Application for SS card (SS Form E-6) acknowledgment stub and any two valid Ids both with signature and at least one with a photo.

READ ALSO: SSS ONLINE: How To Check Your Monthly SSS Member Contribution

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.