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It is a frequent question in the SSS Members Facebook Group how much a member are able to loan based on their contribution. And here, we are writing an answer to one of the most asked question.
How to Qualify for the SSS Salary Loan?
To qualify for:
1 Month Salary Loan – member should have 36 month posted contribution and has a 6 updated contributions within the year before the month of loan application
2 Month Salary Loan – member should have 72 month posted contribution and should have at least 6 updated contribution within the year befoe the month of loan application
Example: If you are applying for loan this July 2019, you should have at least 6 month contribution within July 2018 to June 2019. Your total month of contribution should be at least 36 if you are applying for 1 month Salary Loan and 72 month if you are applying for 2 month salary loan.
How to Check your SSS Loanable Amount Online?
1. Open your Internet Browser and type www.sss.gov.ph in your URL.
2. Login using your User Name and Password
If you do not have an SSS Online Account yet, you may create one. Follow this step by step guide on how to create an SSS Online Account.
After successfully loggin in, you will see SSS Menu in your profile. Click E-SERVICES then Click Apply for Salary Loan.
If the page does not appear after clicking the menu, you are using a Chrome or Mozilla browser that is not compatible with the site. You can show hidden content on your website through your browser by following the instructions in this article. The SSS site is compatible with Internet Explorer 11.
After clicking the Apply for Salary Loan Submenu, the page will display Loanable Amount based on your Posted Contribution.
You can continue with your loan application by selecting a smaller loan amount, then clicking the checkbox and clicking Continue.
If you are not yet eligible for an SSS Salary Loan, the page will display a message indicating that you are not yet eligible for a loan.
So that’s it. If you think that this page helped you, kindly share to your friends and workmates.