GUIDE: How to apply for SSS Salary Loan Online

How to apply for a Loan in? Actual Steps

An eligible SSS member may file the salary loan application at any branch nearest the place of residence, work or business. Those who are already registered at My.SSS can submit the salary loan application online.

WHO IS ELIGIBLE FOR AN SSS SALARY LOAN?

1. All members who are currently employed, contributing self-employed, or voluntary members

For a one-month loan, the member-borrower must have thirty-six (36) posted monthly contributions, six (6) of which must be within the previous twelve (12) months.

For a two-month loan, the member-borrower must have seventy-two (72) posted monthly contributions, six (6) of which must have been made within the last twelve (12) months before the month of application filing.

2. The member-borrower whose employer should be updated in the payment of contributions
3. The member-borrower has not received final benefits, such as total permanent disability, retirement, or death.
4. The member-borrower must be under sixty-five (65) years of age at the time of application.
5. The member-borrower has not been disqualified because of fraud committed against the SSS.

HOW DO I APPLY FOR AN SSS SALARY LOAN ONLINE?

A member who has registered with My.SSS can apply for a salary loan online. To apply for a salary loan online, the member must first register at My.SSS. An employed member’s salary loan will be directed to the employer’s My.SSS account for certification; thus, the employer must also have an SSS Web account.

The following is a step-by-step guide on how to apply for a salary loan online:

1. Visit the new SSS website and log in to the SSS Member portal
2. Log in to your My.SSS account with your user ID and password
3. Select “Apply for Salary Loan” from the E-SERVICES tab
4. Select your preferred electronic loan disbursement channel
5. Read and review the Disbursement Account Enrollment Module (DAEM) Reminder
6. Register your bank account or mobile phone number via the Disbursement Account Enrollment Module.
7. Wait for 1 to 2 working days to approve your Disbursement Account Enrollment.
8. Now that your disbursement account has been approved, return it to My.SSS and select “Apply for Salary Loan” under E-SERVICES.
9. Read and review the Loan Disclosure Statement or have it printed.
10. Wait for the information that will notify you about your SSS salary loan application status.

HOW WILL I RECEIVE MY APPROVED LOAN?

After receiving an email notification from SSS saying that the application was approved,…