The interest rate of an SSS Salary Loan is 10% per annum, computed on a diminishing balance basis. What is the term of the loan? The term of the loan is two years, with monthly payments required. How do I apply for an SSS Salary Loan? You can apply for an SSS Salary Loan by log...
Emilio de Quiros:The way SSS protects their fund is that when we grant the salary loan and there is no payment on the loan, there’s a penalty 1% month and what we do is we collect from the benefit of the member. So when they retire for example, then we collect it from th...
The SSS mobile application lets the members view the membership details, track the contribution status, as well as the eligibility of applying for a salary loan. Members can also view the balance of the loan and different claims such as disability, retirement, maternity, and sickness. In additio...