SSS Salary Loan

Finance

A cash loan offered by the Social Security System to qualified members with enough posted contributions. The amount is generally based on the member's average monthly salary credit, and eligibility depends on the number of contributions made. It is payable in monthly installments over a set term with interest, and unpaid balances may be deducted from future benefits. Members can apply through the My.SSS online portal. SSS also offers other loans like calamity and pension loans. Loan terms, interest, and qualifications are subject to the latest rules/guidelines.

Related terms

TIN (Tax Identification Number)BIR (Bureau of Internal Revenue)Income TaxPag-IBIG MP2 SavingsGCashCredit Score5-6 / SanglaCooperative