Guide on SSS Salary Loan Renewal – Is it possible?
SSS SALARY LOAN RENEWAL – Are you wondering if you can renew your cash loan to the Social Security System (SSS)?
The Social Security System (SSS), one of the giant social insurance institutions in the Philippines, has several loan offers for its members. One of them is the Salary Loan offer or also known as the cash loan offer.
The cash loan offer is open for members who have posted at least 36 monthly contributions. It is multi-purpose and you may even apply for it more than once. You can check more details below.
In applying for the loan offer, there are documents required by SSS for submission. Meanwhile, the list is short and you can check the guide below to prepare the documents needed in applying for the loan offer:
- 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)
- Postal ID
- Baptismal Certificate
- Tax Identification Number (TIN) Card
- Senior Citizens Card
- School ID
- Professional Regulation Commission (PRC) ID
- LTO Driver’s License
- Credit Card
- Health or Medical Card
- GSIS Card
- Seaman’s Book
- Company ID
- Voter’s Identification card/affidavit/Certificate of Registration
- ATM card with cardholder’s name or with certification from bank
- NBI Clearance
- Transcript of Records
- 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
- Seafarer’s Registration Certificate issued by POEA
- Bank Account Passbook
- Pag-IBIG Member’s Data Form
- Overseas Worker Welfare Administration card
- Police Clearance
- Marriage Contract
If you have an existing cash loan with the Social Security System and you need some money, an SSS Salary Loan renewal is possible. It is allowed as long as half of the original amount has been paid and at least 50% of the loan term lapsed.
Under the SSS Salary Loan renewal, the existing loan is deducted from the loan proceeds of the new loan. Aside from the cash loan offer, the social insurance agency also offers a housing loan. You may visit – Apply for SSS Housing Loan for House Repair / Improvement thru these Simple Steps.
