The Salary Loan is a short-term loan made available to SSS members who are currently employed and paying their monthly contributions. 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...
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 the...