SORSOGON CITY, July 28 (PIA) – The Social Security System (SSS) branch here announced to members that it has since accepting applications last week for a special loan privilege for the regular active SSS members and pensioners.
“Considering the devastations brought by Typhoon Glenda in the province of Sorsogon, we would want to help our members by offering assistance loan package to at least help them recover from the said calamity,” said SSS Sorsogon branch manager Allen Bonafe.
He, however, clarified that SSS does not offer calamity loan like other government insurance system, but rather offers an early renewal of salary loan as well as house repair and improvement loan to regular members while pensioners can apply for a 3-month advance pension.
“Usually, before a member can apply for a renewal of salary loan, he has to pay 50 percent of the term which is one year or 50 percent of the total amount, but this time, a member can apply for a salary loan renewal even if they have just paid two months amortization. Loan proceeds will depend on how much a member has paid,” Bonafe explained.
According to him, the same guidelines for a regular salary loan will apply for the early renewal.
“The good news is, no more service fee will be charged,” he added.
To avail of a salary loan, a member must have at least 6-month contributions for the past 12 months prior to the date of application. Regular active members with current contributions for the past 36 months can avail of a one month salary loan while those with 72 months contribution can apply for a two-month salary loan.
Bonafe likewise said that pensioners can apply for a three-month pension, they only need to fill-up and personally sign the application form available at the SSS Office. Pensioners just need to bring their SSS ID. In case a pensioner cannot personally appear to SSS, an authorized representative can transact on his behalf with an authorization letter from the pensioner and valid ID of the authorized representative.
He however clarified that pensioners who availed of this assistance package will not receive their pension for three months since they have already availed of it.
Meanwhile, SSS offers House Repair and Improvement Loan for regular members but definitely no loan for new house construction. “We also lowered the interest rate to six (6) percent,” he added.
Interested members and pensioners can avail of the said assistance package until October 31, 2014. Processing of loans will be two days, and as soon as the application is approved, the check will be mailed to the member applicant.
For further inquiries, members can visit the nearest SSS office in their area.
The province of Sorsogon was placed under the State of Calamity as per the Sangguniang Panlalawigan Resolution No. 127 dated July 14, 2014 due to the damages brought by Typhoon Glenda in the province. (MAL/BAR-PIA5/Sorsogon)
- See more at: http://news.pia.gov.ph/index.php?article=801406693327#sthash.4Nq2XDbL.dpuf
“Considering the devastations brought by Typhoon Glenda in the province of Sorsogon, we would want to help our members by offering assistance loan package to at least help them recover from the said calamity,” said SSS Sorsogon branch manager Allen Bonafe.
He, however, clarified that SSS does not offer calamity loan like other government insurance system, but rather offers an early renewal of salary loan as well as house repair and improvement loan to regular members while pensioners can apply for a 3-month advance pension.
“Usually, before a member can apply for a renewal of salary loan, he has to pay 50 percent of the term which is one year or 50 percent of the total amount, but this time, a member can apply for a salary loan renewal even if they have just paid two months amortization. Loan proceeds will depend on how much a member has paid,” Bonafe explained.
According to him, the same guidelines for a regular salary loan will apply for the early renewal.
“The good news is, no more service fee will be charged,” he added.
To avail of a salary loan, a member must have at least 6-month contributions for the past 12 months prior to the date of application. Regular active members with current contributions for the past 36 months can avail of a one month salary loan while those with 72 months contribution can apply for a two-month salary loan.
Bonafe likewise said that pensioners can apply for a three-month pension, they only need to fill-up and personally sign the application form available at the SSS Office. Pensioners just need to bring their SSS ID. In case a pensioner cannot personally appear to SSS, an authorized representative can transact on his behalf with an authorization letter from the pensioner and valid ID of the authorized representative.
He however clarified that pensioners who availed of this assistance package will not receive their pension for three months since they have already availed of it.
Meanwhile, SSS offers House Repair and Improvement Loan for regular members but definitely no loan for new house construction. “We also lowered the interest rate to six (6) percent,” he added.
Interested members and pensioners can avail of the said assistance package until October 31, 2014. Processing of loans will be two days, and as soon as the application is approved, the check will be mailed to the member applicant.
For further inquiries, members can visit the nearest SSS office in their area.
The province of Sorsogon was placed under the State of Calamity as per the Sangguniang Panlalawigan Resolution No. 127 dated July 14, 2014 due to the damages brought by Typhoon Glenda in the province. (MAL/BAR-PIA5/Sorsogon)
- See more at: http://news.pia.gov.ph/index.php?article=801406693327#sthash.4Nq2XDbL.dpuf
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