How long will it take to get the SSS loan check?

two to three weeks

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Regarding this, how can I get SSS salary loan?

SSS Salary Loan Online

1. Make sure you have signed up online.
2. After the registration confirmation, log in to your SSS online account.
3. On the “Main Menu” tab, move the mouse to “Transaction.” Select Salary Loan Application.
4. Choose the amount you want to borrow.
5. Click “Proceed.”

Likewise, when can I receive my SSS loan check? You can check the accepted IDs and other requirements at the SSS Salary Loan guide. After submitting requirements, it will take three weeks to more than one month of salary loan processing. You can get your loan check from your employer if you are a full-time employee.

Moreover, how much is the first loan in SSS 2019?

SSS members with at least 36 monthly contributions are eligible for the one-month salary loan of up to P15,000. The loanable amount is based on the member's monthly salary credit (MSC), which is currently at a maximum of P15,000.

How do I check my loan status?

You may either call or email the customer service department to track the status of your loan. When you call the customer care, you need to provide the reference number along with the registered mobile number to the representative. Your status can be tracked within a few seconds here.

Related Question Answers

How much will I get from SSS salary loan?

SSS loan amount SSS members with at least 36 monthly contributions can borrow an amount equal to their one-month salary up to P15,000. Those with at least 72 monthly contributions are entitled to a two-month loan worth twice their salary up to P30,000.

Can I pay my SSS loan in full?

The LRP allows SSS member-borrowers to settle their overdue loan principal and interest in full or by installment under a restructured term depending on their capacity to pay. For both payment schemes, SSS will waive all the loan penalties after the member has completed paying the restructured loan.

Can I pay my SSS loan in advance?

The SSS will not consider advance payments less than the required minimum contribution unless the underpayment is settled. To avoid underpayments, de Quiros said members can go to any SSS branch with tellering facilities or to SSS collecting partners in their area to settle the lacking amount.

How can I check my SSS loan status through SMS?

Text SSS is a text based facility that allows a members to inquire information of their account via SMS. Just follow the format or command below for your reference. Just type SSS REG (SSS Number) (Date of Birth MM/DD/YYYY) then send to 2600. Then wait for a reply message from 2600 for the 4 digit PIN.

How much is the first loan in SSS?

SSS loan amount SSS members with at least 36 monthly contributions can borrow an amount equal to their one-month salary up to P15,000. Those with at least 72 monthly contributions are entitled to a two-month loan worth twice their salary up to P30,000.

Can I loan in SSS without work?

It can also tide them through tough times with its short-term credit loans. But even if you're not employed, you can still take advantage of SSS' many benefits by applying as a voluntary member.

When can you loan in SSS?

Eligible Borrowers The principal applicant must have the following qualifications: The borrower must be a member of SSS who has at least 36 months contributions and 24 continuous contributions in the period prior to application. Age of member is not more than 60 years old at the time of application.

Can I loan in SSS with existing loan?

You can also apply for a loan on the My. SSS online service portal. The final loan amount will depend on the number and amount of contributions made since the opening of the account, but in general, SSS will only allow you to borrow a month or two months' worth of your salary, payable within 24 months.

How can I pay my SSS loan through GCash?

SSS members (self-employed, voluntary, OFW, farmers, fishermen, non-working spouse) can pay their SSS contributions and loans using GCash.

Pay SSS contributions and loans using GCash

1. Generate a new PRN thru Text SSS.
2. Dial *143#
3. Select GCash.
4. Select Pay Bills.
5. Select By Search.
6. Enter Biller Name SSS.
7. Select SSS – PRN.

How can I get SSS ID?

At-Branch Registration

1. Submit an E-1 Form. Initially, you should fill out an E-1 form also known as a Personal Record form.
2. Submit an E-6 Form.
3. Get an ID Clearance.
4. Obtain an SSS ID Card.
5. Open the Registration Tab.
6. Submit an Online Form.
7. Activate Your Account.
8. Get Your SSS ID Card.

How can I avail OFW loan in SSS?

OFWs are eligible for an SSS salary loan if they're below 65 years old with at least 36 posted monthly contributions, including six contributions paid within the last 12 months before the month of loan application.

Can I apply SSS online?

You can apply online at the official SSS website, through the E-Service tab which will give you a confirmation email and transaction number. You can also do it at one of the SSS branches. This is the only option if you're self-employed or on voluntary pay.

How much is the maximum contribution for SSS?

The current SSS contribution rate is 11% of the monthly salary credit not exceeding ₱16,000 and this is shared by the employer (7.37%) and the employee (3.63%).

What will happen if I did not pay my SSS loan?

Failure to pay off your loan from the government can affect the benefits you'll claim. For example, if you default on an SSS salary loan, SSS will deduct the loan balance, including the penalty and interest, from your retirement, disability, or death benefits.

How can I get second loan in SSS?

Salary Loan. All currently employed, currently contributing self-employed or voluntary member. For a one-month loan, the member-borrower must have thirty six (36) posted monthly contributions, six (6) of which should be within the last twelve (12) months prior to the month of filing of application.

How much is the penalty for late payment of SSS loan?

Loan amortization not remitted on due date shall bear a penalty of 1% per month until the loan is fully paid.