What is the interest rate of an SSS Salary Loan? 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. ...
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...
Loan amount:One monthly salary credit (MSC) up to PHP 20,000 Interest rate:6% per annum Repayment period:24 months (Monthly amortization starts on the fourth month after the date of the loan) Other:1% Service Fee Who Can Apply? The SSS calamity loan for covid – 19 is open to any me...
The maximum salary loan has now been P32,000 if you are contributing the maximum contribution each month. So a member may get a net of P31,700. Equivalent to 2 months salary. Minus P300.00 as a service charge. The interest is minimal at 10% per annum at an initial balance wit...