Guide on the SSS Salary Loan Loanable Amounts
SSS SALARY LOAN LOANABLE AMOUNTS – Provided below is a guide on the borrowing amounts under the SSS Cash Loan offer.
The Social Security System (SSS) offers different kinds of loans. One of them is the Salary Loan, a multi-purpose loan offer and you can check on its details below.
With regards to the SSS Salary Loan loanable amounts, it actually depends on your total posted monthly contributions. The total should not fall below 36 months.
If you have posted at least 72 monthly contributions upon the time of the loan application, the SSS Salary Loan loanable amount is up to an “equivalent to twice the average of the member-borrower’s latest posted 12 MSCs, rounded to the next higher monthly salary credit, or amount applied for, whichever is lower”.
Here are the requirements 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
You may also visit – Renewal SSS Cash Loan – Here’s the Loanable Amount on your 2nd Loan