Archives for March 3, 2018

How to Compute SSS Monthly Pension

The significant reason to have an SSS Monthly Pension is once you retire, you can enjoy the retirement benefits as long as you have completed the 120 monthly premium contributions.

You have two ways to avail the retirement benefits from SSS either through monthly pension or lump sum amount.

An SSS member can only avail the SSS monthly pension when he/she has paid the required monthly premiums before the time of retirement.

 sss-benefits-computation

3 ways how the monthly pension is computed:

Using Formula 1  ₱300 + 20% of the average monthly salary credit + 2% of the average monthly salary credit for each “Credited Year of Service” exceeding to 10 years read more

How to Apply for BPI OFW Loan

BPI OFW Loan is one of the banks and other government agencies offer OFW loan in the Philippines, you may check my other article here about “Lowest interest OFW loan in the Philippines”.

There are different types of BPI OFW loan that cater the various needs of OFWs including personal, car, house, and business loan. There are specific terms and conditions for each loan that fit the needs of the OFWs or their families.

BPI-loan-for-ofw

Qualifications for BPI OFW Loan:

To be qualified for BPI OFW loans, OFWs must have complete and proper work documents to be presented with BPI. If qualified, OFWs currently working abroad can apply for loan for their personal use or for their families. read more