Who May Apply for SSS Salary Loan (Requirements & Eligibility)

Here is a guide on who may apply for the Social Security System (SSS) loan offer.

A huge part of the Filipino populace is a member of the Social Security System. More commonly called as SSS, it is one of the biggest social insurance institutions in the country.

Members of the SSS must pay for the monthly contributions to avail the privileges and benefits of the government institution. It got several member benefits and as well as loan offers.

Related: Types of SSS Benefits (How to Apply and Claim + Downloadable Forms)

One of the loans that the Social Security System offers is the SSS Salary Loan. It is a multi-purpose loan offer. You may apply for it to make ends meet, to go on a vacation, to fund an event, etc.

Related: List Of Requirements For Salary Loan Application

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Who may apply for the SSS Salary Loan?

employed / self-employed / voluntary SSS member
at least 65 years old upon the loan application
at least thirty-six (36) monthly contributions
employer must be updated in posting the monthly contributions
not a recipient of a final benefit such as retirement benefit
no fraud case against the SSS

In applying for the said loan offer, you must prepare at least two (2) valid IDs. To check on the list of IDs accepted by the social insurance institution, you may visit – List of IDs Accepted in Applying for SSS Salary Loan.

Do you want to know how much you can borrow under the said SSS loan offer and how to apply for it? Feel free to visit – How Much Is Loanable Amount Under SSS Salary Loan.

All applications are subject to the approval of SSS. The loan can be repaid by the member for up to twenty-four (24) months or two (2) years. It is also open for renewal. You may visit – When Can You Renew Your SSS Salary Loan.

Are you interested to apply? Visit How To Apply For SSS Salary Loan

Acknowledgement: This article is sponsored by Usapang Hanapbuhay.

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