What is SSS Loan Restructuring Program(LRP)? A program of the Social Security System that helps SSS members pay off their past due loans by removing their loan penalties from their total SSS loan balance. A way for helping individuals who could not pay off their loans especially those who were affected by calamities and disasters in different parts of the Philippines. Also known as SSS Loan Condonation that aims to help pinoys who were unable to pay their loans simply because they don’t have work anymore or they were unable process their payments on time.
July 27, 2017 By Leave a Comment
How to View your SSS Contribution Online
Are you a member of the Philippine Social Security System or SSS?
Do you want to know how much have you contributed so far for your SSS membership?
Well, it’s simple. You don’t even need to go to the SSS office to check your SSS account. You can do it at home or anywhere you are as long as you have a computer, laptop, tablet, or smartphone with an internet connection.
The very first thing that you need to do is to register your SSS account online. Of course this is assuming that you are already an SSS member (employed, voluntary, or OFW) and you have an SSS number and have made at least one contribution to SSS.
July 3, 2017 By Leave a Comment
How to Apply for SSS Salary Loan
The SSS loan benefit will be granted to the currently paying member which are employed, self-employed or voluntary paying member.
The loan was established to help the ones benefit for their short-term credit needs.
What are the requirement needed to grant the SSS Salary Loan?
1. For those who are currently self-employed or voluntary member, and employed.
- When the member wants to avail the one-month loan, the monthly contribution should be sufficient, wherein the member must have contributed thirty six (36) times. Within the last twelve (12) months. The borrower should have contributed six (6) times before the month of filing of the application.
- When the borrower wants a two-month loan, he/she must have contributed seventy two (72) times, and six (6) times prior to the month of filing the application within the last twelve (12) months. The update of the payment of contributions by the member-borrower should be passed to the employer.
2. To grant the loan request, the borrower must not have granted other final benefit, like permanent disability, retirement, and death.
3. Under sixty five (65) years old borrower is the only accepted to apply in this benefit.