One of the government agencies that you can turn to in terms of financial needs is the Social Security System. More commonly known as the SSS, it is a social insurance institution where most private company employees are a member of.
Aside from the people working in the private sector, it is also open for membership for the self-employed individuals. You may also apply for a voluntary membership.
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SSS offers a lot of benefits for its members. One of them is the SSS Salary Loan which is a multi-purpose loan offer.
Related: List Of Requirements For Salary Loan Application
You may apply for the said loan offer to cope with medical expenses, to pay for the utility bills, to fund your children’s education, etc. From the needs to the desires, this offer may help you.
Are you interested to apply? Visit How To Apply For SSS Salary Loan
Do you want to know how much you can borrow under the said loan offer? Feel free to visit this page as it depends on your total monthly contribution to SSS – How Much Is Loanable Under Salary Loan.
In case you already have an existing loan with SSS, you may go for the SSS Salary Loan renewal provided that the status of your existing loan meet the conditions. The loan renewal is allowed after:
- the payment of at least 50% of the original principal amount
- 50% of the terms has lapsed
The SSS Salary Loan application can be done online. For a guide on how to do it, you may visit – Can I Apply for this SSS Salary Loan Online?
Acknowledgement: This article is sponsored by Usapang Hanapbuhay.
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