SSS Loan Programs Explained (Comprehensive Guide)

Summary: A guide to the different loan options offered by SSS and how to qualify for each
Description: Explore SSS salary loans, calamity loans, and educational assistance loans with their eligibility requirements and repayment terms

Table of Contents

1. Salary Loan
2. Calamity Loan
3. Educational Assistance Loan
4. How to Apply
5. Requirements for All Loans
6. Common Issues and Solutions
7. Tips for Borrowers
8. Frequently Asked Questions

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1. Salary Loan

Eligibility

• At least 36 posted monthly contributions
• Updated SSS membership record

Loan Amount

• Up to 15 times your latest Monthly Salary Credit (MSC)

Interest and Fees

• Flat 10 % interest on principal
• Minimal processing fee deducted from proceeds

Repayment

• 24 equal monthly installments
• Automatic salary deduction or post-dated checks

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2. Calamity Loan

Eligibility

• Active SSS member affected by a declared state of calamity
• At least one posted contribution before calamity declaration

Loan Amount

• Up to ₱20 000

Interest and Fees

• 5 % interest on principal
• No processing fee

Repayment

• 24 equal monthly installments
• Begins 60 days after loan release

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3. Educational Assistance Loan

Eligibility

• Active member supporting a child’s tertiary education
• At least 36 posted contributions at application

Loan Amount

• ₱15 000 per semester

Interest and Fees

• 10 % interest on principal
• Processing fee applies

Repayment

• Up to 12 monthly installments
• Repayment may start after graduation or within six months of loan release

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4. How to Apply

1. Log in to the SSS Member Portal at https://www.sss.gov.ph
2. Choose e-Services > Loans and select the loan type
3. Fill out the online application and upload scanned requirements
4. Review amortization schedule and agree to terms
5. Submit application and wait for approval notice

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5. Requirements for All Loans

• Completed loan application form
• Latest payslip or proof of income
• Valid government-issued ID
• For Salary and Calamity Loans: Updated SSS Contribution Table
• For Educational Assistance Loan: Enrollment proof and school billing statement

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6. Common Issues and Solutions

• Application Rejected
  Confirm your number of posted contributions and correct member data
• Delay in Approval
  Follow up via the SSS hotline at (02) 8924 1910 or email members_relations@sss.gov.ph
• Discrepancies in MSC
  Prepare payslips and contact your employer to ensure correct remittance

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7. Tips for Borrowers

• Keep your contribution record updated each month
• Review your MSC periodically to maximize loanable amount
• Choose repayment mode that fits your cash flow
• Check the SSS portal regularly for loan status updates

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8. Frequently Asked Questions

Q How soon can I apply again after repaying a loan
A You may apply for a new Salary or Calamity Loan after you have completed repayment and have at least one posted contribution

Q Can I apply both Salary and Educational Loans at once
A Yes you may, provided you meet each loan’s eligibility and documentation requirements

Q What happens if I miss an installment
A Penalties will apply and your future loan applications may be affected