Yes you may, but processing will be much faster when you apply online, as your information and documents would have already been verified.
Can I directly go to your branch and skip the online application process?
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What if I am unable to answer your call?
Please contact and inform us of the best times and dates on when you will be available to take the call.
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May I still avail of a loan even if I cannot visit your branch?
No, you are required to visit the branch at the time of loan release.
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When will I know if my loan application is approved?
You will be notified within 24 hours upon completion of loan process, as follows:
Step 1: Completion of online application form
Step 2: Submission of required documents
Step 3: Verification conducted by our representatives
You may refer to the following table:
|
Completion of Loan Process |
Schedule of Approval |
|
Up to 1PM of a banking day |
Same day |
|
After 1PM of a banking day |
Following banking day |
|
Saturday, Sunday, Holiday |
Following banking day |
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What if I am unable to repay my loan on time?
You will be charged with the appropriate late payment charges as follows:
SSS Pension Loan - 3.5% of the total monthly amortization
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When do I have to repay my loan?
You will pay on each due date indicated on the agreement.
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When is the loan released?
Once approved, a company representative will call to confirm your availability to pick up your check.
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Is the co-borrower required to be present with me when visiting the branch?
Yes. He/she needs to bring original copies of 2 valid government issued IDs upon branch visit.
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Who can I assign as a co-borrower?
- Spouse
- Children with earning capacity
- Any relative with earning capacity
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Is co-borrower required?
Yes.
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How much can I borrow?
You may borrow from ten thousand pesos (P10,000) up to one hundred fifty thousand pesos (P150,000) on your first application.
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How do I apply for an SSS pension loan?
Apply online or visit the branch nearest you, and bring the original or upload copies of the following:
- SSS ID
- One (1) valid government-issued ID
- Proof of billing
- Barangay clearance
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Am I qualified to avail of the SSS pension loan?
Yes, as long as you receive any of the following from SSS:
- Monthly Pension
- Monthly Dependents Allowance
- Monthly Partial or Full Disability Allowance
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