To qualify for an SSS loan, the number of contributions needed varies depending on the loan type:
- For a one-month Salary Loan, you need 36 posted monthly contributions, with at least 6 of them made within the last 12 months before applying.
- For a two-month Salary Loan, you need 72 posted monthly contributions, with at least 6 of them made within the last 12 months before applying.
Additionally, specific eligibility criteria apply:
- Employed members must have their employer up-to-date with SSS contributions and loans.
- Self-employed or voluntary members must currently be paying their contributions.
- All members must have no outstanding payments for other SSS loans and no pending loan applications.
For more details on SSS loan eligibility, interest rates, and repayment terms, please refer to the official SSS website: https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=salaryeligibility
CashLoanPH Changed status to publish 20/02/2024