Guide on SSS Salary Loan Requirements Needed for Application
SSS SALARY LOAN REQUIREMENTS – Here are the documents needed in applying for the cash loan offer of the Social Security System.
The Social Security System (SSS) has several loan offers for its members who have active and updated accounts. One of them is the Salary Loan which was crafted to help address the short-term needs of SSS members.
To qualify, part of the SSS Salary Loan requirements for eligibility is that the member must have posted at least 36 monthly savings. If you have posted between 36-71 monthly savings, you may borrow up to an equivalent of your one-month salary. If you have posted at least 72 monthly contributions, you may borrow up to twice of your monthly salary. Here are the SSS Salary Loan requirements:
If the member-borrower is the one who will process the application for SSS Salary Loan, here are the documents needed for application:
- duly-accomplished Member Loan Application Form
- SSS digitized ID or E-6 with any two (2) valid IDs (one of which with a recent photo)
- School ID
- Senior Citizens Card
- Company ID
- Professional Regulation Commission (PRC) ID
- Tax Identification Number (TIN) Card
- Seaman’s Book
- LTO Driver’s License
- Overseas Worker Welfare Administration card
- Police Clearance
- Voter’s Identification card/affidavit/Certificate of Registration
- Postal ID
- GSIS Card
- Pag-IBIG Member’s Data Form
- Baptismal Certificate
- Seafarer’s Registration Certificate issued by POEA
- ATM card with cardholder’s name or with certification from bank
- Health or Medical Card
- Credit Card
- Transcript of Records
- Marriage Contract
- NBI Clearance
- Bank Account Passbook
- Certificate from:
- Office of Muslim Affairs
- Life Insurance Policy
- Office of Southern/Northern Cultural Communities
- Birth/Baptismal certificate of child/ren
- Certificate of Licensure/Qualification Documents/Seafarer’s ID and Record Book from Maritime Industry
- Certificate of Naturalization from the Bureau of Immigration
If an authorized representative of the member-borrower is the one who will process the application for SSS Salary Loan, here are the documents needed for application:
- duly-accomplished Member Loan Application Form
- Letter of Authority (LOA) from employer
- SSS-issued Authorized Company Representative (ACR) card
- two (2) valid IDs both with signature and at least one with photo
- Member-borrower’s SS card or Application for SS card (SS Form E-6) acknowledgment stub and two (2) valid IDs
If an authorized representative of the company where the member-borrower is working will be the one who will process the application for SSS Salary Loan, here are the documents needed for application:
- duly-accomplished Member Loan Application Form
- Member-borrower’s SS card or Application for SS card (SS Form E-6) acknowledgment stub and two (2) valid IDs
- Letter of Authority (LOA) from employer
- two (2) valid IDs both with signature and at least one with photo
Aside from SSS, another entity that offers a cash loan is Home Credit. To check its offer, you may visit – Home Credit Cash Loan: Here’s How You Can Apply for this Offer.