SSS announces reduced interest rates for salary and calamity loans, expands pension loans to surviving spouses, and explores ...

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 ...

MANILA, Philippines - The Social Security System (SSS) is now offering higher salary loans and more flexible terms under its revised lending guidelines that took effect last December 1. SSS ...

In a statement, the SSS said that salary loan interest rate ... The agency said the maximum loanable amount shall be P150,000. The loan will be covered by Credit Life Insurance, with insurance ...

From the current interest rate of 10%, salary loan interest rate shall be reduced to 8% while calamity loan interest rate shall be reduced to 7%,” SSS President and Chief ... pensioners,” De Claro ...

The Social Security System (SSS) is planning to cut within the year the interest rate on salary and calamity loans, according ... increases in the minimum and maximum monthly salary credit.

State-run Social Security System (SSS) has released P201 million worth of salary loans since the agency decided to increase the maximum loan to P24,000 last month, SSS chairman and president ...

Qualified members can submit their salary loan application online via My.SSS Portal. Once approved ... but not exceeding the maximum P200,000. To qualify, the pensioner-borrower must: Be 85 years of ...

A member with at least 72 monthly contributions may apply for a maximum loan equivalent to twice his monthly salary credit. The SSS also said it had donated P250,000 to calamity-stricken areas.

To be eligible for a one-month salary ... SSS pension loan equivalent to three, six, nine, and 12 times their basic monthly pension plus P1,000 additional benefit, but not exceeding the maximum ...

This is one of the major reasons why SSS limits the maximum loanable amount to P24,000. Nevertheless, SSS continues to provide salary loans as a form of assistance to qualified members, as well as to ...