- What will happen if I did not pay my SSS loan?
- How can I verify my SSS?
- How can I loan in SSS?
- Can I withdraw my contribution in SSS?
- How can I check my SSS loan status through SMS?
- Can I apply SSS calamity loan with existing salary loan?
- How long is the process of SSS calamity loan?
- Can I apply PAG IBIG calamity loan online?
- Who is eligible for SSS calamity loan?
- How can I process my SSS calamity loan?
- How much is the loanable amount in SSS calamity loan?
- Is SSS calamity loan available now?
- Can I apply SSS loan online?
- How will I know if my SSS salary loan is approved?
- How do I check my SSS contributions online?
- How is SSS loanable amount calculated?
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..
How can I verify my SSS?
How to Check SSS Contributions Online Steps 2020Step 1: Go to SSS website and log in with your SSS online account. … Step 2: Check the Navigation Bar and Go to Inquiry Page. … Step 3: Go to Inquiry drop-down menu and Choose Contributions. … Step 4: View your monthly SSS Contributions.
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.
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Unlike Pag-IBIG contributions that can be withdrawn after 20 years, paid SSS contributions cannot be refunded.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.
How can I check my SSS loan status through SMS?
Check the Status of Your Loan To inquire about the status of your loan, text SSS LOANSTAT
Can I apply 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 long is the process of SSS calamity loan?
2 weeksSSS 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.
Can I apply PAG IBIG calamity loan online?
E-mail filing of loan applications for Multi-Purpose Loan (MPL) and Calamity Loan can be done during the enhanced community quarantine. The steps are as follows: Using a smartphone or computer, download and fill up the MPL or Calamity Loan Fillable Application Form, available at the Pag-IBIG Fund website.
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.
How can I process my SSS calamity loan?
Members must be registered at the My. SSS web portal on the SSS website at www.sss.gov.ph to apply for the loan. Here are other requirements to qualify for the SSS loan: have at least 36 monthly contributions, six of which should be posted within the last 12 months before the application.
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.
Is SSS calamity loan available now?
As per SSS President and CEO Aurora C. Ignacio, on a news briefing in late March, the calamity loan will be made available for all employed, non-delinquent SSS members nationwide.
Can I apply SSS loan online?
You can apply for an SSS loan by filling up a loan application form that you can get from any SSS branch or office. Another way to apply is to do it electronically through your online account on the SSS website at https://sss.gov.ph.
How will I know if my SSS salary loan is approved?
Note that once your SSS salary loan application is submitted, your employer is given three (3) working days to certify your application. You will be notified through email about your SSS salary loan application’s status. You will also receive a text message after your loan has been approved.
How do I check my SSS contributions online?
How to Check Your SSS Contribution OnlineStep 1: Visit the SSS website.Step 2: Log in to your My. SSS account.Step 3: Go to the SSS Contribution Inquiry page.Step 4: Go to the Contributions – Actual Premiums page.
How is SSS loanable amount calculated?
A one-month salary loan is equivalent to the average of the member-borrower’s latest posted 12 Monthly Salary Credits (MSCs), or amount applied for, whichever is lower. … The net amount of the loan shall be the difference between the approved loan amount and all outstanding balance of short-term member loans.