The loan amount is based on the member’s contribution record and salary. The maximum loadable amount is P20,000 while the minimum is P1,000. The Salary Loan may be used for any purpose such as payment of tuition fees, medical expenses, home repairs, or other personal needs. Members who...
SSS Revises Salary Loan Guidelines
Features of SSS Calamity Loan Loan amount:One monthly salary credit (MSC) up to PHP 20,000 or the total amount of damage, whichever is lower Interest rate:10% per annum Repayment period:24 months (Monthly amortization starts on the second month after the date of the loan) Others:Waived se...
With regards to the possibility of renewing your loan, you may renew your SSS member loan after reaching at least half or 50% of the term. Also, a 50% payment of the original amount is required in the renewal. So for example, you have a Salary Loan of Ph
The new contribution rate and new minimum and maximum Monthly Salary Credits (MSC) that will be implemented starting January 2023 are aimed at covering a larger percentage of the contributing members’ monthly incomes, so that they can look forward to larger benefit amounts and/or higher pension...
1. Determine your SSS monthly salary credit Your monthly salary credit is the amount of your monthly income that is used to compute your SSS contribution. For most employees, this is equal to your basic salary plus any regular allowances that you receive. ...
Thank you po. How can I check if my salary loan has already been credited? What does payment via the bank mean? Tomorrow po inquire kolang po kong magkanu pa loan balance co payday loan po ito maam / sir. Ito sss num ko po 3374636149. Thanyou may God bless you! What if SSS Onl...
one company to another. And it’s difficult to track it. It’s really the responsibility of the employer to collect from the member. So if the employee normally signs the conformity of the salary loan so it’s the responsibility of the employer to ensure that the amount of the lo...
Salary Rangerefers to your actual gross monthly salary. It’s here in this Salary Range column where you look for the salary range that covers the total amount of compensation you received for the month. Salary Creditis the amount used by SSS to compute your salary loan amount, sickness bene...
SSS Contribution Table Effective January 2021 for Employed Members and Employers RANGE OF COMPENSATIONMonthly Salary CreditAMOUNT OF CONTRIBUTIONS Regular Social Security / Employees CompensationMandatory Provident FundTotalREGULAR SOCIAL SECURITYEMPLOYEE’S COMPENSATIONMANDATORY PROVIDENT FUNDTOTAL ...