SSS Online Loan Application

SSS Online Loan Application and How it Works

SSS Online Loan Application is an e-service designed for all members who want to apply for a loan but are not able to visit any of the SSS offices near them. Through SSS online application, members are able to start their loan application process with just the use of a computer, wherever they are in the country and during the time that is most convenient for them.  

SSS online loan application is available for 3 loan types: Salary Loan, Calamity Loan and Pension Loan. To be able to submit an online loan application, the member must first satisfy the following eligibility criteria for each loan type:

Salary Loan

• All currently employed, currently contributing self-employed or voluntary members.
  • For a one-month loan, the member-borrower must have thirty-six (36) posted monthly contributions, six (6) of which should be within the last twelve (12) months prior to the month of filing of the application.
  • For a two-month loan, the member-borrower must have seventy-two (72) posted monthly contributions, six (6) of which should be within the last twelve (12) months prior to the month of filing of the application.
• The member-borrower whose employer must be updated in the payment of contributions.
• The member-borrower has not been granted the final benefit, i.e., total permanent disability, retirement, and death
• The member-borrower must be under sixty-five (65) years of age at the time of application
• The member-borrower has not been disqualified due to fraud committed against the SSS.

Calamity Loan

• Have at least 36 monthly contributions, six of which should be posted within the last 12 months prior to the month of application;
• Be a resident of an NDRRMC-declared calamity area and suffered damage or loss to their property.
• Have not been granted any final benefit such as permanent total disability or retirement;
• Have no outstanding Loan Restructuring Program (LRP) or CLAP; and
• Application to the program must be coursed through the member’s respective My.SSS account. For those employed, their employer must certify their application through the employer portal of the My.SSS.

Pension Loan

• must be 85 years of age or below at the end of the last month of the loan term;
• must have no deductions such as outstanding loan balance, benefit overpayment payable to the SSS, etc., from his/her monthly pension;
• must have no existing advance pension under the SSS Calamity Assistance Package; and
• must be receiving his/her regular monthly pension for at least one month and the status of pension is “Active”.

How to Apply for an SSS Online Loan Application

To proceed with an online loan application, members can immediately log in to their account by simply visiting the SSS Website. Once logged in, members can click on e-services and choose the type of loan that they wish to apply for. Details must be filled and documents need to be uploaded for the application to proceed to the next step. 

Advantages for Choosing SSS Online Loan Application

It is Convenient

With online loan applications, SSS members no longer have to take a leave from work and go back and forth with their loan applications. Once they have submitted online, they can simply follow up on the status of their loan without having to travel to the SSS office. 

It Offers Accessibility

Without having to physically visit a branch, members can simply use their computers to start their SSS online loan applications. As long as they have a stable internet connection and have completely uploaded their requirements before proceeding with their application, they may apply for a loan anywhere and any time of the day.  

Conclusion

SSS has been providing great service to Filipino people and helping its members and their families in times of uncertainty. With its program to help build a wide range of financial assistance, numerous ways have been provided for the members to apply for their specific needs which is why online loan applications have made the life of so many of its members become easier.