Question: How Can I Apply For SSS 2020 Loan?

How can I activate my SSS account online?

4 Easy Steps to SSS Online RegistrationStep 1: Go to the SSS online registration page.

Make sure to access the Online Member User ID Registration page in this step.

Step 2: Fill out the required information in the SSS online form.

Step 3: Check your email after 30 minutes.

Step 4: Activate your My..

How can I apply for SSS online?

SSS Online Registration: Creating an Online Account for your SSSStep 1: Go to the SSS website’s online registration page.Step 2: Click the “Not Registered” option on the lower-right corner.Step 3: On the next page, fill out all required fields.Step 4: Click the “Register” button after completing and answering all boxes.

How do I apply for a loan online?

How to Apply for Personal LoanFill in the online application form with your personal, employment and financial details.Choose your loan amount and repayment tenor to receive instant approval.A Bajaj Finserv representative will get in touch with you. … Receive disbursal of your loan within 24 hours of approval.

How much can you loan in SSS for the first time?

SSS loan amount SSS members with at least 36 monthly contributions can borrow an amount equal to their one-month salary up to P15,000. Those with at least 72 monthly contributions are entitled to a two-month loan worth twice their salary up to P30,000.

How much is the loanable amount in SSS calamity loan?

Loan Amount Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program. Calamity Loan Interest rate is 5.95% per annum. The loan is amortized over 24 months, with a grace period of 3 months. Paying period begins on the 4th month following their check date.

Can I apply for SSS loan even if I have existing loan?

If you have an existing loan with SSS, which you haven’t fully paid, there’s a catch. Your outstanding balance will be deducted from the total amount you’re allowed to borrow.

What are the requirements for PAG IBIG calamity loan?

Pag-IBIG Calamity Loan RequirementsCompleted Calamity Loan Application Form.Photocopy of at least two valid IDs.Proof of income (Payslips, income tax returns, certificate of employment with compensation, etc.)Accomplished Declaration of Being Affected by Calamity.

How can I check my SSS loan status?

1. Via text message. Once you’re registered, you will receive a Personal Identification Number (PIN) which you’ll need every time you make any SSS-related inquiries via text message. To view the status of your SSS salary loan, for example, just key in SSS and send it to 2600.

What will happen if I did not pay my SSS loan?

The Lender Will Take Back Your Car or Home As a way to recover their losses, lenders will take back the loaned car or house when you fail to repay the loan. For example, if you availed of an SSS housing loan, the SSS will foreclose the property as soon as you’ve failed to make six monthly loan payments.

Can I withdraw my contribution in SSS?

Unlike Pag-IBIG contributions that can be withdrawn after 20 years, paid SSS contributions cannot be refunded. You can only file a claim for benefits (sickness, maternity, etc.) or claim your pension upon reaching retirement age.

What is the maximum loanable amount in SSS?

SSS members with at least 36 monthly contributions are eligible for the one-month salary loan of up to P15,000. The loanable amount is based on the member’s monthly salary credit (MSC), which is currently at a maximum of P15,000.

Can I apply for SSS calamity loan online?

SSS members can apply online for up to P20,000 calamity loan in 2 weeks. The Social Security System (SSS) Board of Directors has approved to give calamity loans to its members affected by the COVID-19 for up to maximum of P20,000. The calamity loans can only be accessed online through the website www.sss.gov.ph.

How long is SSS calamity loan?

7. If release thru UBP Quick Cards: The loan proceeds shall be credited to member-borrower’s account within three (3) to five (5) working days from approval date of the loan. Member-borrowers may avail of UBP Quick Cards at UBP Kiosks located at selected 26 SSS Branches. 9.

How can I loan in SSS?

Salary LoanApplication Requirements. Member-Borrower. Member Loan Application Form. … Filing Procedure. A borrower may file the salary loan application at the branch nearest the place of residence or business. A member who is registered at My.SSS can submit the salary loan application online.

How much is SSS loan interest?

The interest rate is pegged at 10% annually on your outstanding principal balance. That means that the interest you’re paying diminishes over time. You also have to pay a service fee of 1%, plus a penalty of 1% per month for late payments. It takes two to three weeks for SSS to process your application.

How can I apply for Pag IBIG calamity loan online?

Steps for Filing E-mail Application Download the MPL or Calamity Loan application form from the Pag-IBIG Fund website. Print, fill up, and sign. Two (2) witnesses shall sign the form as well. Scan the document or take a photo and send to the employer/company HR or authorized representative.

Can I pay advance in SSS?

To the Self-employed Person and Voluntary Member Self-employed and voluntary members may pay their monthly contributions prospectively or in advance, but never retroactively to cover month/s when no contribution payments were remitted.

How much can I loan in Pag ibig?

A qualified Pag-IBIG member shall be allowed to borrow an amount up to a maximum of Six Million Pesos (Php 6,000,000.00), which shall be based on the lowest of the following: The Member’s Actual Need, His Loan Entitlement Based On Capacity To Pay, The Loan-To-Appraisal Value Ratio.

Who is eligible for SSS calamity loan?

The following are the qualifications in order for members to apply for the SSS calamity loan: Members who’ve had at least 36 months of contributions; with six (6) posted within the past 12 months on or before the month of application. Home address of the member should be at a declared State of Calamity.

Can I avail SSS calamity loan with existing salary loan?

Nicolas also said that SSS members who have an existing salary loan can also avail of the calamity loan, provided that the member pays his or her SSS loan dues on time. … Nicolas then assured SSS members that they can still apply for salary loan even amid the enhanced community quarantine by logging on to sss.gov.ph.

How many days is the processing of Pag IBIG calamity loan?

In an interview with GMA News Online, Pag-IBIG vice president Kalin Franco-Garcia said they are targeting 3 to 7 working days from the receipt of application until release of the calamity loan proceeds. “This early, we apologize to our members as our usual processing time takes less than two days.

How is SSS loanable amount calculated?

According to the SSS website, for a one-month loan, the amount is equivalent to the average of the member-borrower’s latest 12 Monthly Salary Credits or MSCs, or the amount applied for, whichever is lower. … Finally and most importantly, you must be under the age of 65 when you apply for the loan.

What is monthly salary credit in SSS?

Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. (The maximum covered earnings or compensation is P16,000 effective January 1, 2014). … Let us assume that the six highest monthly salary credits are P15, 000 each.