If you are a member of SSS and at the same time employed, you can apply for SSS Salary Loan if you meet the qualification for application. This article will guide you for your SSS Salary Loan Online and Offline application. This process is way better than the old method of manual application of salary loan.
The SSS Salary Loan is a one of the common benefit from SSS that members can take advantage of, because of the relatively low interest rate and the length of time they allow you to pay the loan back.
A salary loan refers to a borrowed sum of money from an employer or a government institution like SSS or PAG-IBIG to which you have contributed money on a monthly basis.
What are the Qualifications for the SSS Salary Loan?
- You should be employed, self-employed, or a voluntary member of the Social Security System with an active status in terms of contributions.
- For a one-month salary loan, the member borrowing from SSS must have thirty-six (36) posted monthly contributions before the month of filing for the loan, and for a borrower looking to loan a two-month salary loan, a total of seventy-two contributions must have been filed at least a month prior to the date of loan application.
- Your employer should be updated in the payment of contributions.
- You are not eligible if you have been granted final benefits (e.g. retirement, total permanent disability, or death)
- You should have a clean record in SSS
- You should have six (6) monthly contributions for the past twelve (12) months prior to the month of setting up your loan.
- You must be under sixty-five (65) years of age.
- Go to sss.gov.ph. If you already have an existing account of SSS, just enter your username and your password under Member Login, and click on Submit. If you don’t have an account yet, you will have to register your SSS account first. Make sure to always remember your username and password or save them anywhere where you can easily find them when you need to check the status of your account. This is to protect your SSS account from those who will try to make a loan on your account.
- After logging in, click the E-Services tab on your account and then click the Salary Loan Application. You should also notify your employer about your SSS Salary Loan beforehand for them to be able to certify you. The loan won’t push through without their approval or certification.
- Fill out all the necessary information in order to complete the request. Click I agree to the Terms and Condition, then Click Proceed.
- A confirmation message will appear to confirm if you want to proceed with the submission of the request. Click OK button to continue.
- After submitting your SSS Salary Loan request, you will receive an email confirmation from SSS regarding your Salary Loan application. You will also get a transaction number for your reference.
- Wait for at least 3 days to check the status of your SSS Salary Loan Application.
- To check your SSS Salary Loan Application online status, just log on to your My.SSS account. Go to E-Services tab, click Inquiry then select LOANS – LOAN STATUS. If the status shows “Check Generated” that means your Salary Loan check is already on the process and soon will be delivers on your mailing address.
It may take up to 3-4 weeks to have the Salary Loan Check mailed on your mailing address.
Another option available to those who don’t have an access to a computer would be to file the loan at the nearest branch available to their place of residence or business.
For OFWs, you may also apply for a salary loan at the Social Security Representative Offices in selected countries. In case they are employed in a country without a representative office, they can always send their supporting documents and authorization to relatives in the Philippines.
Take note that any document that is released or issued in a different country needs to be authenticated by the Philippine Embassy.
Requirements for SSS Salary Loan Application
Below are the Requirements for SSS Salary Loan application which taken from the official SSS website for your circumstances. These are for the member-borrower, for the authorized representative, and for the employer or company’s authorized representative.
- Member Loan Application Form
- E-6 or SSS digitized ID (acknowledgement stub) with any two valid IDs, one of which with recent photo.
- Unexpired Driver’s License
- Professional Regulation Commission (PRC) ID card
- Postal ID
- School or Company ID
- Tax Identification Number (TIN) card
- Seaman’s Book
- Membership card issued by private companies
- Overseas Worker Welfare Administration card
- Senior Citizens card
- Voter’s Identification card/Affidavit/Certificate of Registration
- ATM card
- with cardholder’s name; or
- with certification from bank, if without name
- Credit card
- Fisherman’s card issued by BFAR
- GSIS card/Member’s Record/Certificate of Membership
- Health or Medical card
- ID card issued by LGUs (e.g. Barangay/Municipal/City)
- ID card issued by professional association recognized by PRC
- Birth Certificate
- Baptismal Certificate
- Marriage Contract
- NBI Clearance
- Pag-IBIG Member’s Data Form
- Permit to carry firearms issued by the Firearms and Explosive Unit of PNP
- PHIC Member’s Data Record
- Police Clearance
- Seafarer’s Registration Certificate issued by POEA
- Temporary Driver’s License issued by LTO
- Transcript of Records
- Alien Certificate of Registration
- Bank Account Passbook
- Certificate from:
- Office of Southern/Northern Cultural Communities; or
- Office of Muslim Affairs
- Certificate of Licensure/Qualification Documents/Seafarer’s ID and Record Book from Maritime Industry
- Certificate of Naturalization from the Bureau of Immigration
- Life Insurance Policy
- Birth/Baptismal certificate of child/ren
II. Member-Borrower’s Authorized Representative
- Member-borrower’s duly accomplished Member Loan Application
- Any two valid IDs both with signature and at least one with photo or Authorized Representative’s SS card
- Letter of Authority (LOA) signed by both the member-borrower’s authorized representative and the member-borrower himself.
- Member-borrower’s SS card or any two valid IDs both with signature and at least one with photo.
III. Employer or Company’s Authorized Representative
- Member-borrower’s duly accomplished Member Loan Application
- Authorized Company Representative (ACR) card issued by SSS
- Any two (2) valid IDs both with signature and at least one with photo, and Letter of Authority (LOA) from employer.
- Member-borrower’s SS card or in its absence, Application for SS card (SS Form E-6) acknowledgment stub and any two valid Ids both with signature and at least one with photo.
Click here to read:
- How to Pay your SSS Voluntary Contribution
- How to Invest in SSS Flexi-Fund for OFWs
- How to Apply for Multi-Purpose Loan from PAG-IBIG Fund