Can I Loan In SSS With Existing Loan?

Can I avail SSS calamity loan with existing salary loan?

Nicolas also said that SSS members who have an existing salary loan can also avail of the calamity loan, provided that the member pays his or her SSS loan dues on time.

Nicolas then assured SSS members that they can still apply for salary loan even amid the enhanced community quarantine by logging on to sss.gov.ph..

How many days does SSS salary loan release?

5. The loan proceeds shall be available to member-borrower’s account within three (3) to five (5) working days from approval date of the loan. The salary loan proceed is accessible through any Megalink, Bancnet and Expressnet Automated Machines.

How can I check my SSS loan status?

Via SSS Hotline. Another way to check the SSS loan status is by doing it over the phone. The SSS hotline is 1455 at 1-800-10-2255777 toll-free.

What is the maximum loanable amount in SSS?

The maximum loanable amount is P2,000,000.00. The loan amount granted is the lowest amount based on the following factors: Appraised value of collateral of at least 70% but not to exceed 90%.

Can I apply SSS loan online?

You can apply for an SSS loan by filling up a loan application form that you can get from any SSS branch or office. Another way to apply is to do it electronically through your online account on the SSS website at https://sss.gov.ph.

When a state of calamity is declared?

A city, municipality, province or region may be declared under a State of Calamity whenever two or more of the following conditions brought about by fire of catastrophic magnitude, destructive typhoons, tomadoes, earthquakes, tsunamis, volcanic eruptions, floods lasting for at least four (4) days, or drought affecting …

Can you withdraw your SSS contribution?

Unlike Pag-IBIG contributions that can be withdrawn after 20 years, paid SSS contributions cannot be refunded. You can only file a claim for benefits (sickness, maternity, etc.) or claim your pension upon reaching retirement age.

Can I apply PAG IBIG calamity loan online?

E-mail filing of loan applications for Multi-Purpose Loan (MPL) and Calamity Loan can be done during the enhanced community quarantine. The steps are as follows: Using a smartphone or computer, download and fill up the MPL or Calamity Loan Fillable Application Form, available at the Pag-IBIG Fund website.

Who is eligible for SSS calamity loan?

The following are the qualifications in order for members to apply for the SSS calamity loan: Members who’ve had at least 36 months of contributions; with six (6) posted within the past 12 months on or before the month of application. Home address of the member should be at a declared State of Calamity.

How much is the loanable amount in SSS calamity loan?

Loan Amount Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program. Calamity Loan Interest rate is 5.95% per annum. The loan is amortized over 24 months, with a grace period of 3 months. Paying period begins on the 4th month following their check date.

How do I know my SSS loanable amount?

How to Check your SSS Loanable Amount Online?Open your Internet Browser and type www.sss.gov.ph in your URL.Login using your User Name and Password. If you do not have an SSS Online Account yet, you may create one. Follow this step by step guide on how to create an SSS Online Account. After successfully loggin in, you will see SSS Menu in your profile.

How do I apply for a loan online?

How to Apply for Personal LoanFill in the online application form with your personal, employment and financial details.Choose your loan amount and repayment tenor to receive instant approval.A Bajaj Finserv representative will get in touch with you. … Receive disbursal of your loan within 24 hours of approval.

How much can I loan in SSS for the second time?

Those with at least 72 monthly contributions are entitled to a two-month loan worth twice their salary up to P30,000. SSS computes the actual loan amount by getting the average of the loan applicant’s monthly salary for the last 12 months of employment.

How can I apply for SSS 2020 loan?

Application RequirementsMember Loan Application Form.SSS digitized ID or E-6 (acknowledgement stub) with any two valid IDs, one of which with recent photo. Unexpired Driver’s License. Professional Regulation Commission (PRC) ID card. Passport. Postal ID. School or Company ID. Tax Identification Number (TIN) card.

How can I avail my SSS calamity loan online?

Members must be registered at the My.SSS web portal on the SSS website at www.sss.gov.ph to apply for the loan. Here are other requirements to qualify for the SSS loan: have at least 36 monthly contributions, six of which should be posted within the last 12 months before the application.