Short of cash or an emergency came up? Here is a way a Comprehensive Guide to know if you are Qualified to avail SSS Salary Loan and How to Apply Online!
Who are Qualified to avail SSS Salary Loan?
- You must be a currently employed, self-employed or voluntary member.
- You must have posted at least 36 monthly contributions to avail of a one-month loan, or at least 72 monthly contributions for a two-month loan. Six (6) of these contributions must have been posted in the last 12 months prior to the filing of application.
- Your employer, if any, must be updated in the payment of contributions.
- You must not be more than 65 years old at the time of application.
- You must have not been granted final benefits, such as death, retirement or total permanent disability.
- You must have not been disqualified because of fraud committed against SSS.
How to Apply SSS Salary Loan Online?
Before, you have to go to the SSS Branch to apply for SSS Salary Loan. But since November 2019, SSS has implemented that all Salary Loan must be submitted online. You only need to login to your SSS Online Account and you no longer need to submit any document in SSS Branch.
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