PRODUCT REVIEW OF CONVENIENT SSS LOAN
Public Notice – Disclaimer: We currently do not partner with SSS and details about SSS herein are solely for information purposes only. For other loan provider alternatives, check out below. For partnership concerns, click here
If you are looking specifically for Convenient SSS Loan, please visit their website at www.sss.gov.ph or contact them at (632) 920-6401. Thank you.
The Social Security System or SSS is an insurance system for non-government employees in the Philippines. It was founded in 1997 and offers its eligible members loan that’s equivalent to their one month or two months salary. If you’re considering applying for an SSS loan, you can go to the nearest SSS office or complete an online application if you’re registered at My.SSS. Your employer must also be registered on this service online portal if you’re considering the online application since your application will be forward to him/her for certification. The interest rate is 10% per annum with 1% penalty per month if you were not able to pay the monthly fee. The loan must be paid within 24 months or two years. You should also have a minimum of 36 monthly contributions and 6 of these contributions must be made within the past 12 months prior to the application.
For more information contact the SSS Branch nearest you or call (632) 920-6401. You can also visit their website at www.sss.gov.ph.
Loansolutions PH can connect you with more lenders and banks that could offer you the money that you need, which could be more than your one-month salary. What’s even better is that you don’t need to go to their office or let your employer create any account like the case with SSS, as filling out our simple online application form is all you need. Some of our lenders wouldn’t even require that you’ve been an employee for a long time as you can have your loan approved by securing a month payslip. While SSS requires loans to be paid in 24 monthly installments, you may be able to get a better deal with our partners as they offer flexible terms.
HOW THE LOAN PROCESS WORKS
After filling out our online application form, we will find you matching lenders within our network that could provide you the loan that you need. Our partners have varying requirements and the amount that they can provide would depend on your ability to pay. There’s no obligation and no processing fee when you fill out our form, as this is a pre-qualification process. You’ll be presented with the terms of our partner lenders who are willing to provide you with your loan. You could then review their terms so you can decide if any of them is attractive to you. If you decide to proceed with the application, then your chosen lender will communicate with you to talk about the process and you’ll be notified once it gets approved. Get your loan alternatives now by filling out our online form at Loansolutions.ph.