Good Changes in SSS Salary Loan Program

114 Responses to “Good Changes in SSS Salary Loan Program”

1. May on February 12th, 2013 5:07 pm

   Hi good afternoon Ms. Nors.ask ko lang kung may penalty ang loan balance ko i think nasa 4,800 so 4 months remaining na lang ang balance ko supposed to be end of payment ko ng November 2012.but nagresign ako last July 2012 sa dati kong employer.and how can i pay sa remaining balance ko,and my another question pwede na ba ako magloan ulit I have 152 total contributions.or need ko muna bayaran ang remaining balance ko?

2. ronald romanban on February 13th, 2013 2:46 pm

   hi gud pm..my renewable date of my loan in sss is on march 2013,,but i have a plan to resigned this february .is it ok if i paid my balnce as a self member? to renew my loan?

3. Nors on February 14th, 2013 7:11 am

   Hi May, you need to pay your loan balance first before you can renew. This is because your loan is already past due. You can pay in full or in partial amounts. Use the RS5 form. Pay at Bayad Center, SM Business center or SSS cashier. Enroll in Online SSS, so you can track your payments. You can also check online if you’re eligible for a loan.
   To qualify for loan renewal, you should have paid at least 6 months of the past 12 months (Feb 2012 to Jan2013). So you might need to pay your Jan and Feb premiums first and wait for them to get posted.

4. Nors on February 14th, 2013 7:45 am

   Hi Ronald, yes, you can pay your balance as voluntary. Your category will be voluntary because you’ve been an employed member.
   But your employer is required by SSS to deduct your balance from your last payment or separation pay, so if your employer does that, you have to comply. You can renew your loan as soon as you’ve paid at least 50% of your loan amount and at least one year has passed since the date on your loan check.

5. ALVIN ROMERO PRING on February 25th, 2013 6:52 pm

   HI GOOD EVENING PO TANONG KO LANG PO KUNG PWEDE PO AKO MAG RENEW NG SALARY LOAN NGAYON SA BAGONG POCICY NG SSS MY BALANCE PA PO KASI AKO SA DATING LOAN KO ALMOST 658 PESOS, TANONG KO DIN PO KUNG MY BAGONG FORM PO NA GAGAMITIN

6. Nors on February 26th, 2013 1:03 am

   Hi Alvin, has 2 years passed since the date of your first loan? If yes, you must first pay this 658 pesos before you apply for a new loan. This is the new loan form: https://sites.google.com/site/informationphilippines/sss-forms/member-loan-application-form I suggest you enroll in online SSS so you can check your records; you can even check if you’re eligible for a loan.

7. grace on February 26th, 2013 5:04 pm

   if 30K loanable amount how much the monthly amortization?

8. Nors on February 27th, 2013 6:51 am

   Hi grace, sorry, would not be able to answer accurately this question because they’ve changed the rules, (for the better), and I have not known anyone yet who have obtained the new loan. It could be 1,385 per month. I used a diminishing balance calculator because SSS said they would use the diminishing balance formula with a 10% annual interest rate.

9. jea on February 27th, 2013 2:15 pm

   how much is the total interest rate for the two years period?

10. Nors on February 27th, 2013 6:38 pm

    Hi jea, sorry, this is only an estimate: total interest is 3,240. I used an online loan calculator for diminishing balance at 10%. I’m not sure because I haven’t yet seen a new 30k loan voucher from SSS.

11. ALVIN ROMERO PRING on March 6th, 2013 9:53 am

    good am po ms. nors puede na po ba ako mag salary loan mybalance pa po kasi ako ng 168 pesos sa huling loan ko bat my company my di pa po nakaka pag hulog ng monthly contribution namin mula july until now tanong ko din po how must po ang ma lo loan ko naka 81months n po ako sa contribution

12. Nors on March 6th, 2013 1:16 pm

    Hi Alvin, is your balance already delinquent? Meaning more than 2 years have passed since your loan check was issued? If yes, you must pay your balance first before applying.
    You’re qualified for a 2-month loan. Your loan amount is two times your average salary credit. But your employer needs to pay your contribution for at least 2 months. SSS requires that you must have paid 6 of the past 12 months before applying. Enroll in online SSS so you can monitor your SSS records. http://sssphilippinesnotes.blogspot.com/2013/02/how-to-enroll-in-online-sss.html

13. chelsea on March 8th, 2013 10:19 am

    hi ms. nors! I have a remaining balance from my past loan several years ago and I’m currently in a different company. When I checked my loan eligibility on the SSS website, it’s stated there that my balance will be deducted if ever I wish to renew my loan. My question is do I have to wait for 2 years to renew my loan again? What if I paid my new loan balance in less than a year, am I eligible for another one? Thanks!

14. Nors on March 8th, 2013 10:13 pm

    Hi chelsea, you can already renew your loan, since it has been more than 2 years since the date of your first loan. SSS changed its rule about renewal; if you’ve paid at least half of your original loan amount and more than a year has passed, you can already renew your loan. Your balance will be deducted from the proceeds of your new loan. But you can pay first your loan balance, if you don’t really need a loan.

15. Rowena on March 11th, 2013 8:20 pm

    Hi there…I’m Rowena.I have a loan in SSS last February 2,2011 but I stopped paying since July,2012 due to change of employer. Can I apply for a loan and have my balance deducted from this latter loan if ever granted?. And Another concern is will I be allowed to have another loan despite of having a balance? Thank you for your immediate response.

16. Nors on March 12th, 2013 8:13 am

    Hi Rowena, I’m not sure if your loan is already delinquent since the 2-year paying period is past. Are you enrolled in online SSS? You can check online if you’re eligible for a loan. You’ll also see the reason if you’re not eligible. This is how to enroll: http://sssphilippinesnotes.blogspot.com/2013/02/how-to-enroll-in-online-sss.html If you’re not delinquent and if you’ve paid half of your loan, you’re eligible.

17. Peachy on March 13th, 2013 9:03 am

    Hi.. Ms. Nors ask ko lang about my loan of 10k last 1996 pa po, and SSS traced my loan na umabot na ng 43k last november 2011, and my employer decided to deduct my loan monthly in the amount of 1,980.00 for a period of 2 years, and last monday, nag online po ako sa sss and i’ve noticed that 40+k is already paid of mine, but my balance is still 9+k. how come the amount of 43k is going to 49k, very much higher the interest you gave. supposed to be my payment is end this last february 2013. hoping to clear this matter. thank you.

18. jay ar on March 13th, 2013 12:05 pm

    gd noon..ask lng po ako Ms. Nors ksi na check ko po ung SSS ko trough online at nakasulat dun na 50% of the Loan Term has not lapsed. 50% Renew Date is on :04-01-2013..pwede na po ba ako mag loan ulit?o antayin ko ung 2 years?at kng pwede magkano po ung pwede ko makuha?90 po ung Total Number of Posted Contributions ko.thank you

19. Nors on March 13th, 2013 3:48 pm

    Hi Peachy, you can go to the nearest SSS branch with your ID and ask for recomputation of your loan balance. They might ask you to write a letter of request for recomputation, so to be ready, write a letter addressed to SSS requesting them to recompute your loan balance. Include details such as name, SSS no., loan amount, date of loan check, dates of payments, name of employer that deducted your payments, etc.
    You can also check Eligibility in your online account, then click Loan, your balance might be different there.

20. Nors on March 13th, 2013 4:19 pm

    Hi jay ar, as your online account advised, you can renew your loan after April 1 – the date when your old loan has passed 1 year. New loan amount? You add your monthly salary credits for the past 12 months. Then divide by 12. You get your average salary credit. Then multiply by 2 (you qualify for 2-month loan). Then deduct your old loan balance.

21. Millivanilla on March 15th, 2013 9:51 pm

    Hi, sss online said that i can loan up to 29k since i’ve been a member for 7yrs and and its my first time to apply for a salary loan. My basic pay is 15k, how much will i get if ever i pushed for a salary loan.

22. Mac on March 16th, 2013 7:04 am

    Hi Nors. I have a couple of questions that I need to verify since I’m not understanding some policies that apply regarding SSS loans.

    1. If I transfer company and I have a balance due with my SSS loan, will the my next employer continue the payment? I have also read that you mentioned a company can deduct the remaining balance from our back pay.

    2. With my new employer, I agreed and authorized them to make deductions based on my loan payment requirement. I checked my SSS online and payment already reflected and it shows that I’m overpaid. This can’t be refunded right? If so, this overpaid amount can be carry over with my monthly remittance/payment so that I won’t have to pay the next few months?

    3. I received this message “Loan application will be rejected due to the following reason(s):
    * 50% of the Loan Term has not lapsed. 50% Renew Date is on: 04-01-2013″.
    Does it mean I can only renew my salary for only 50%? If yes, then why I have this penalty if I paid the entire amount less then a year?

    Please advise, thank you.

23. Nors on March 16th, 2013 7:24 am

    Hi Millivanilla, your loan amount is 2x the average of your salary credit for the past 12 months. Your average must be 14,500 — that’s why your online account said you can loan up to 29k.

24. Nors on March 16th, 2013 11:00 am

    Hi Mac, 1. Yes, if your former company did not deduct your remaining balance from your last pay, your new firm will make the deductions after you notify this new firm, which you did.
    2. I think your excess loan payment cannot be used to pay for your premiums unless you write a written request. I think a better request would be to apply the excess loan payment to your new loan. On second thought, I think what should happen is that upon loan renewal, SSS should add the overpayment to your new loan proceeds. But the loan amortization must be computed before the overpayment is added to loan proceeds.
    3. The SSS message means that 1 year from date of your first loan has not passed yet (50% of loan term which is 2 years), so you wait for April 1 before you can loan again. If your average salary credit for the past 12 months is 15k and you have paid SSS for at least 6 years, your new loan would be 30k minus 300 service fee (1%)…. plus your overpayment (I hope so).
    Hope you can write again about what happened to the overpayment. thanks and best regards

25. ann on March 16th, 2013 5:59 pm

    Hi Ms. Nors, I would like to ask If I can file a salary loan now I already have 42 months of contribution (2001-2009) plus this whole year January- December. As an OFW i was able to pay the pass month january and feb of this year…should I have to wait for the month of June or JULY to count 6 months to file a salary loan? & if ever How much will I get for a 520 contribution per month? and how long will it take to process a salary loan?

    thanks

26. Nors on March 16th, 2013 11:56 pm

    Hi ann, yes, you need to wait until July before you can file your loan application. The salary credit for 520 is 5k; so your loan is 5k. SSS says that the loan amount is the average salary credit for the last 12 months posted. If you had contributed at least 72 months, the loan amount is double — in your case, it would be 10k, if you had 72 payments. The loan check is usually delivered by the postman after 3 to 4 weeks.

27. Vinmel on March 17th, 2013 11:21 pm

    Dear Sir,

    I would like to inquire regarding the Salary Loan from SSS. I contributed 36mos. for 832php from my previous local employer and plan to upgrade my contribution to 1500(maximum) as I am currently working as OFW and plan to get a loan the time I go home. If I contributed 1500(maximum) 6mos. post dated is that possible that I can loan worth 15k?

28. Nors on March 18th, 2013 5:55 am

    Hi Vinmel, the loan amount is the average of your salary credits for the 12 months before loan application. So you should contribute 1560 every month for 12 months, so you can have a 15k loan after after 12 months. Enroll in online SSS so you can monitor your records.
    http://sssphilippinesnotes.blogspot.com/2013/02/how-to-enroll-in-online-sss.html

29. Ronald Tolentino on March 19th, 2013 9:57 am

    how many days po ba ang processing and approval po nang Salary loan ty

30. Ronald Tolentino on March 19th, 2013 10:05 am

    How many days of processing and approval and releasing of checks the day appliaction submit to sss office..

31. Nors on March 19th, 2013 11:04 am

    Hi Ronald, if you’re employed, your HR can give the loan check to you within a week. If voluntary, you can receive it via the postman in 2 to 3 weeks. You can see if your loan application is approved at your online SSS account: http://sssphilippinesnotes.blogspot.com/2013/02/how-to-enroll-in-online-sss.html

32. cathy on March 19th, 2013 9:58 pm

    Hi, I’m planning to renew my sss loan but online it says – 50% of the Loan Term has not lapsed. 50% Renew Date is on :05-01-2013. Can I pay the loan on the amount that would make up for the 50%? My cheque date is Feb 2012 so it’s already been a year since the cheque was generated. Please advise and more power.

33. Nors on March 20th, 2013 7:13 am

    Hi cathy, can you check the date of your loan in your online account if it is Feb 2012? Because based on the system’s response, your loan check date must be May 2012. Renewal requires BOTH 50% of payment and 50% of term, so even if you’ve paid half of the loan but half of the term has not yet passed, the loan will not be renewed.

34. gerah on March 22nd, 2013 9:40 am

    Good am. I filed for loan renewal in the amt of 30k but i have a remaining balance from previous loan of 4k plus, which is below 50% of the previous loan of 15k amt. When i logged on to sss website, it shows that a check has been generated already yesterday for 25k plus for my new loan. Earlier before i filed the loan application, it’s telling me that the existing balance will be deducted from the new loan amount. i just want to know when the payment for the previous loan be posted? Should i wait for a first month payment on the new loan or will it be automatically cleared when i get the check? thanks in advance

35. cathy on March 22nd, 2013 8:29 pm

    Hi Nors, this is Cathy, the one at “cathy on March 19th, 2013 9:58 pm” note. Yes, the check was dated February 2012. The system tagged May 2012 because that was the first time I was collected payment due to my company not informing me that a check has already been released on my name. I was able to convert the check to cash around late March already. And another question, if I apply for the loan, is it automatic that my first loan balance will be deducted to my new one? Thanks again.

36. Michael on March 23rd, 2013 10:10 am

    Good morning, I applied and was approved for a salary loan worth 15k last January. But due to some circumstances I needed to resign mid-February resulting to my previous company not able to deduct my monthly contribution worth P692.17. I am now self-supporting, do you have suggestions how I can pay my balance which started this March? Are their online options that I can use to make the payments easier with me not needing to personally go to a bank or bayad center? Hoping for your quick response. Thanks.

37. Nors on March 23rd, 2013 4:40 pm

    Hi cathy, I think it might be better if you just wait for May…because I’m not sure if SSS can correct immediately the counting if you write a request letter for correction about the dates. Yes, your old loan balance will be deducted from your new loan amount.

38. Nors on March 24th, 2013 1:47 am

    Hi gerah, I cannot estimate the time period for your online loan records to get updated, but they will be updated. When your first Payment Due for your new loan appears, the 4k plus balance should have already been cleared.

39. Nors on March 24th, 2013 2:28 am

    Hi Michael, ask your bank if it has an Auto-Debit Arrangement (ADA) with SSS, so you can apply.
    If your bank is a Bancnet member, you can pay SSS contributions online via bancnetonline.com; it’s not yet accepting loan payments.

40. leanne on March 26th, 2013 2:04 pm

    hi! i resigned last Dec 2012 and had my new employer just this Jan 2013. Upon checking my online records in SSS, there is no Dec 2012 contribution posted by my previous employer and also took 2 months for me to see if they’ve already paid my remaining loan balance using my backpay (as per company policy). When I checked on my eligibility,
    Loanable Amount 14,500
    Average 12 Monthly Salary Credit 14,500
    Loan Balance 5,5+ Service Fee 145.00
    Loan Proceeds 8,7+

    I’m confused. Does that mean I can file a loan but since I have 5,5+ balance, that will be deducted to my next loan? Can I pay for it first so that I can get the whole amount? And since I had one month lapse on my contribution, can I renew as early as now?

    Thank you!

41. Nors on March 27th, 2013 12:28 pm

    Hi leanne, did your employer pay all your balance using your back pay? If yes, you should not pay your loan balance because you’ll have double payment or overpayment. I suggest you check your separation papers to see the amount paid by your former employer to SSS. Yes, you can renew even with a one-month gap in contribution — the rule for loan eligibility is payment of contributions for 6 of the past 12 months.
    If your old loan balance was not paid by your employer, yes, your old loan balance will be deducted from your new loan proceeds. Yes, you can pay your old loan balance and wait for it to be posted before renewing your loan.

42. precym on March 27th, 2013 5:43 pm

    Hi, this march 2013 is my 12th month of my loan, if i’m going to renew such loan, will it be approved at once this April 2013?

43. Nors on March 28th, 2013 11:33 am

    Hi precym, is the total of your payments equal to 50% of your loan amount? If yes, you can renew. Check your loan eligibility in your online SSS account – it will tell you if you’re already eligible. http://sssphilippinesnotes.blogspot.com/2013/02/how-to-enroll-in-online-sss.html You can also check online if your loan renewal is approved within days

44. Mhace on April 1st, 2013 4:15 pm

    Hi! When I checked on my eligibility,

    Available Loans Salary Loan
    Loanable Month 2
    Average 12 Monthly Salary Credit 15,000.00 (A) Loanable Amount 30,000.00
    (less) (B) Previous Loan Balances 4,894.30
    (less) (C) Service Fee (1% of (A) Loanable Amount) 300.00
    Loan Proceeds (A) – (B) – (C) 24,805.70

    Does it mean i can renew my salary Loan?

45. Nors on April 1st, 2013 5:34 pm

    Hi Mhace, yes, that means you can already renew your loan.

46. Boy Pinoy on April 4th, 2013 10:37 am

    Hi, I applied for a salary loan last March 2013. Checking on-line status, it was approved and a check had been generated? My employer says SSS will be mailing the check. How long before I can receive it? Will it be delivered to home or to company?

47. Nors on April 4th, 2013 5:24 pm

    Hi Boy, did you apply through your employer? meaning it was your employer that filed the application? If yes, usually, SSS sends the check to the company’s messenger, so it should be your HR giving you the check. Maybe in 1 to 2 weeks. But if you applied directly with SSS, the loan check will be sent to your home address. It may take 3 weeks or more from date of check generation.
    But your employer said the check will be mailed, maybe that’s the SOP now.

48. Irish Gianchand on April 5th, 2013 8:31 pm

    Hello, just want to double check my eligibility for a salary loan. Having heard of the new SSS loan guidelines (that allow members to file for renewal if at least 50% of the principal loan amount has already been paid and at least half of the two-year loan term has lapsed), I immediately filed for a loan renewal at SSS Manila, last March 22, thru our company L.O, but this morning he texted me informing that my application was declined and that i am not qualified under the new guidelines. I have an existing loan granted on December 2011 (max of 24k), w/ loan payments eff. Feb. 2012 at 1,050.00/monthly, my employer is updated w/ monthly contributions and loan payments…this is the exact text msg. of our L.O: “HELLO IRISH MAY OUTSTANDING LOAN KA PALA DAPAT MAG-END ANG PAYMENT FEB. 2014, SO…DI PA PWEDE MAGLOAN, PER SSS MANILA ANG IRR NILA IS EFF 12/12 LANG”. I would very much appreciate your advice since I need adt’l fund for my ongoing house improvement. Thanks in advance.

49. Nors on April 6th, 2013 8:36 am

    Hi Irish, the loan policy changes are already being implemented, so I would guess that your recent loan payments have not yet been posted. Are you enrolled in online SSS? You can check in your online account if your payments for the last months of 2012 and for Jan 2013 are already posted. You can also check online your loan eligibility. I’m puzzled about that last line of your LO’s text: per SSS Manila ang IRR nila is eff 12/12 lang — can your LO explain that further to you? best regards

50. Irish Gianchand on April 8th, 2013 9:54 am

    Hello Ms. Nors, Thanks for your reply, I do not understand his message either,but now that I am confident that my understanding of the new guidelines is correct, i think it would be better for me to personally submit my application and ask them questions. Yes, i have my sss online account which shows that my loan payments for the last quarter of 2012 up to last month has not been posted yet, would it be possible for them to update the payment posting so i could qualify for the loan?

51. criselda cabrera on April 8th, 2013 5:36 pm

    hi Sir/Mam, nag inquire po ako online its says: “Loan balance is greater than 50% of the total Principal. Outstanding Loan balance : 5,608.41 should be less than or equal to 4,500.00..” My question is, is it true i can renew na if i pay at least 1500? so less than 4500 na lang balance ko considering over due/delinquent na po loan ko? Thank you.

52. Nors on April 9th, 2013 10:34 am

    Hi Irish, if your company is paying through a bank not linked to the SSS e-payment system, it takes longer for the payments to get posted. I hope your payments are already in the queu.

53. Nors on April 9th, 2013 10:57 am

    Hi criselda, there’s a rule on the SSS loan application form saying that the borrower must be updated in his payments. But since the loan system is already automated, I think the system will allow you to renew after paying 1500. You can pay and then check your loan eligibility. Anyway, you won’t lose anything; you need to pay your balance anyway (the penalties and interests add up if you postpone paying).

54. Have on April 9th, 2013 2:10 pm

    Hi Nors, just wanted to ask, regarding the SSS Policy for the Salary Loan, if avail loan for 10k, and the service fee is 100.00, should the check amount is 9900.00 or SSS will deducted the 10% advance interest? or for the 10k amount of loan what is the expected amount should i receive?? thanks in advance

55. Nors on April 9th, 2013 7:17 pm

    Hi Have, you’re right, you’ll receive 9900. The interest will be included in the monthly amortization.

56. Have on April 9th, 2013 8:04 pm

    wow that’s good, many thanks for the prompt reply.. God Bless

57. Irish Gianchand on April 10th, 2013 10:03 am

    Hi, thank you so much for the help:-)

58. Toto on April 10th, 2013 11:10 am

    good day!! my company deducted 3 consecutive months (oct-dec 2011) to be paid for my outstanding loan. i have a receipt of payments from my company and presented to SSS Makati 2 (JP Rizal Branch). But until now my name is still on delinquent list for not having paid my loan. Does it take this long for the SSS to clear my name? I needed other salary loan since school year is opening once again. Thanks a lot.

59. Nors on April 10th, 2013 1:34 pm

    Hi Toto, when did you present the receipts to SSS? Did you leave a copy of the receipts to them?
    Are you enrolled in My.SSS or online SSS? Can you see there that your loan is still unpaid? That you’re still ineligible for a loan?

60. FRANCIS MANDADERO on April 11th, 2013 10:47 am

    good day! i can’t remember the exact date but it’s more than a month since i gave the receipt and list of names of all the sss member in our company being paid on that date for 3 consecutive months to the person in charged in sss jp rizal branch. my loan is still unpaid every time i check and i’m 100% sure that i’m still ineligible for a loan. How much more time shall i wait until my mane will be clear and is it not possible for the sss jp rizal branch to clear my name since it’s been paid for 19 months ago and my receipt been given to the sss jp rizal branch for more than a month? badly needed for a new loan. thanks a lot..

61. Nors on April 12th, 2013 4:19 am

    Hi Francis, it’s so sad to know about your case. I’m also puzzled why your loan payments were not posted 18 or 17 months ago, and why the correction takes more than a month after the receipts were presented. There could be lots of cases like yours, and they’re being looked at manually, and your filings are in a queu. Have you called the SSS hotline? I’m sorry I can’t do anything other than to analyze and suggest.

62. Have on April 12th, 2013 7:52 am

    Hi Nors,
    just wanted to ask lang po, if how many days the check will be delivered? check generated since April 9,2013.

    thanks in advance

63. francis on April 12th, 2013 11:07 am

    can i have the sss hotline or any top person of sss who can assist my problem regarding the late posting of my name. there are a lot of people in our compay who is experiencing like this. thanks a lot..

64. Nors on April 12th, 2013 5:53 pm

    Hi Have, if you’re employed and you applied through your office, the check can be given to your office via your company messenger within a week or 10 days. But if you’re self-employed or voluntary, the check will be delivered to your home address via registered mail within 3 weeks to a month.

65. Have on April 12th, 2013 6:36 pm

    hi po, ask lang po kasi ngaun ko lang po na notice:
    Application filed at: MAIN OFFICE
    but my Employers’s address/ SSS branch is : Makati 2 Branch. (as they told me to submit my SALARY LOAN APPLICATION, if i on’t have an online account)
    ok lang po ba un? im worried po kasi that thi may cause of delay of check delivery.

66. Nors on April 12th, 2013 8:31 pm

    Hi francis, here’s the 24-hour hotline — 920-6446 to 55 — Call during non-peak hours; people are complaining the number’s busy.

67. Nors on April 12th, 2013 9:26 pm

    Hi Have, I think it won’t cause a delay. That could be their SOP.

68. Have on April 13th, 2013 7:34 am

    thanks so much Nors

69. Sarah on April 16th, 2013 10:33 am

    Hi Nors,i checked the SSS online inquiry and it says that as of date my available loanable amount is 30,000 (this would be my 2nd loan), may i ask how much will i get and how much would be my monthly amortization for 24 months? I just want to compare interest rates. Many many thanks!

70. Nors on April 18th, 2013 1:00 am

    Hi Sarah, if your loan amount is 30k, you will get 29,700 (deducted was 300 pesos for processing fee — 1% of loan amount). The annual rate is 10% using the diminishing balance formula. I used an online calculator and I got 1,385 as the monthly amortization for 24 months. I hope I’m correct.

71. Have on April 19th, 2013 10:17 am

    Hi po Gud am,
    ask lang po sana, kasi upon checking of my SSS check it was already forwarded to Philpost last Friday, April 12, sabi po dun when i called up it will only take 2 days then forward na po nila sa Makati (dito po kasi address ng employer ko) pero sabi po ng HR namin wala pa rin po. san po ba ako pede mag verify if nasan na ung check ko? kasi po parang ang tgal nun, if last Friday pa po na forward sa philpost?

72. Nors on April 19th, 2013 1:28 pm

    Hi Have, that’s the common complaint of those expecting their checks — that it still takes time for the post office to process and deliver mails. For my friend’s educational loan check, it took 13 days from check generation to postal delivery to her home. Others on forums said it took longer for them.
    If you have time, you can check at the Makati Post Office if your registered mail is already there, or you can wait.

73. Have on April 21st, 2013 8:53 am

    thanks Ms. Nors, after i post here, i receive a call from our HR , said that they have my Check. it tooks 11 days for Check Generated.. thanks so much for the info

74. Nors on April 22nd, 2013 2:14 am

    Hi Have, thanks for sharing the speed of your loan check delivery. That’s faster than others.

75. Tina Lumban on April 25th, 2013 1:01 pm

    may salary loan po ako 12k two years ago pero hindi po ako nakabayad. nagbayad lang po ako ng 4k last two weeks ago. magkano pa po ang dapat kong ibayad para makarenew ako ng loan.

76. Nors on April 25th, 2013 2:28 pm

    Hi Tina, enroll in My.SSS at sss.gov.ph so you can check your loan eligibility. If you have 2k, pay again, or make it 2500, then after these payments are posted, check again your loan eligibility. I hope you’re also updated with your contributions.

77. Mike on April 26th, 2013 1:55 pm

    Hi Ms. Nors,

    I would like to comment on this item:
    2. No more advance charging of interest.

    In the past, you don’t get the whole amount of your loan because SSS deducts your first-year interest. Dati, yong sa maximum loan na 24k, ang nakukuha lang is 21,360. Now, no more. You will get a much bigger amount.

    They took a portion of the 25K loan amount already when they sent the check in. In other words, the amount I was able to get from SSS is already 21K. The loan grant was just October of last year (2012).

    Basing on that experience, I think your Item 2 may not be current.

78. Nors on April 26th, 2013 9:26 pm

    Hi Mike, perhaps you didn’t notice that the date of my blogpost was December 6, 2012. Your loan was granted in October 2012 — about 2 months before SSS announced the changes, which became effective immediately… in Dec 2012. I wrote on my 2nd paragraph “Now, finally, SSS has listened to members’ concerns, and these are the changes”.
    But anyway, thanks a lot for commenting.

79. Dan on April 27th, 2013 12:46 am

    Hi Ms.nors
    Nagresign po ako January sa previous employer ko Jan 2013 nagchange employer po ako Feb 2013 pero tuloy tuloy naman po ang postings ng contribution ko
    Year Jan Feb Mar Apr May
    2013 1,560.00 572.00

    (A) Total Number of Contributions Displayed 40
    (B) Total Number of Contributions not Displayed 0
    Total Number of Contributions Posted (A) + (B) 40
    Total Amount of Contributions 59,020.00

    Kapag nagtry po ako na mag file ng loan application online ganito po ang lumalabas “Sorry. You cannot apply for a loan because your employer is not registered in the SSS Website.”

    Ibig sabihin po ba na dapat mag punta pa ako sa branch ng SSS to file loan application?- more power to you po and hoping for immediate response

80. Nors on April 27th, 2013 6:55 am

    Hi Dan, yes, because you’re Employed, you need to apply with your employer’s certification, either online or in the application form. If you apply online, your employer will be emailed by SSS to certify your online application — this means your employer needs to be enrolled online too. Since your employer is not registered online, yes, you need to have your application form signed by your employer. The form is usually available at your HR, and can be submitted to SSS by your HR, or personally by you to SSS (if their schedule to go to SSS is still days away).

81. Dan on April 27th, 2013 10:51 pm

    Ms. Nors, I really appreciate you clarifying the things that I should do, btw I already forwarded my request to Payroll but my concern is that based on my supervisor advised I should be employed for 6 months by the company before they can accommodate my request for assistance to file a loan.How is that so if it is my own name and benefit to use? Does the company have the right to hold my application not until I reach the 6 months employment?

    Your immediate response will be much appreciated. more power to you

82. Nors on April 28th, 2013 9:11 am

    Hi Dan, that should not be the case. I’m guessing that your employer imposed that rule for easier SSS paperwork — they have to do some paperwork if you got an SSS loan through them and you’re not regularized later on. You can ask them nicely why and if they can make an exception for you.

83. JUL on May 2nd, 2013 4:54 pm

    hi maam NORs ask lng po ako ano ibig sabihn nito?gusto ko sana mag RENEW loan pero pag inquire ko sa online ito ang naka lagay…
    Loan application will be rejected due to the following reason(s):
    * Loan balance is greater than 50% of the total Principal. Outstanding Loan balance : 4,083.50 should be less than or equal to 3,500.00

    may 49 total contrbution napo ako..

84. JUL on May 2nd, 2013 4:58 pm

    kailan paba ako maka RENEW para sa second loan ko? naka 1 yr na kc ako nakabayd sa first loan ko PWDE naba ako maka renew??

85. Nors on May 2nd, 2013 9:26 pm

    Hi Jul, you can renew your loan only after paying half of your old loan principal and after 1 year has passed. Wait until your loan balance becomes 3,500 or less. 7k ba yong first loan mo? Dapat mabayaran mo muna at least kalahati.

86. JUL on May 3rd, 2013 7:49 am

    HI MAAM NORS..GUD DAY!! OO 7K YUN FIRST LOAN KO MAAM CGURO HINDI PA NLA NA RECIEVE YONG MONTH OF JAN TO APRIL.. CGE MAAM WAIT LNG AKO THNKS ALOT..GOD BLESS!!!

87. JUL on May 3rd, 2013 8:00 am

    nakalimutan ko pla mag ask maam nors, pwde po ba sabay mag loan ng salary at and educational loan maam? plan ko kc mag aral ng shorterm course while working ok lang ba yun?

88. Nors on May 3rd, 2013 10:30 am

    Hi JUL, register online so you can check if your recent loan payments are already posted. Yes, you can apply for educational loan even if you have a salary loan as long as your salary loan is updated. It should be for a vocational course that’s not less than 2 years or a degree course. Here’s info on this educational loan:http://www.workingpinoy.com/2013/02/sss-educational-loan/

89. JUL on May 3rd, 2013 11:39 am

    THANKS maam NORS:)

90. JUL on May 3rd, 2013 12:27 pm

    MAAM nors pwde kuba isabay e apply ang salary at eductional loan?? kc almost half na kc ang nabayran ko sa salary loan para maka renew ulit..nkita kuna sa online ang balance ko and its updated…and i ask sa accntng namin almost 4k plus na daw ang nabayaran ko sa previous loan ko pero hindi pa na recieve ang mnth of JAN to April…

91. Nors on May 3rd, 2013 4:51 pm

    Hi Jul, yes, ang alam ko puedeng sabay, pero mas okay yata unahin mo muna yong educational loan. Pero feeling ko lang ito ha. Anyway, if your employer is enrolled online, you can renew your salary loan online later on. Puede ring unahin mo ang salary loan renewal, since sa June ka pa makakuha ng school assessment, which is needed in applying for the educational loan. Best wishes; keep pursuing your goals.

92. JUL on May 3rd, 2013 4:58 pm

    THAnks MAAM NORS…GOD BLESS U:)

93. Anne on May 5th, 2013 6:21 pm

    Salary Loan
    Loan application will be rejected due to the following reason(s):
    * Loan balance is greater than 50% of the total Principal. Outstanding Loan balance : 7,500.10 should be less than or equal to 7,500.00
    I think di pa updated ang payment. Pwede ba ko magbayad any amount coz it shows i have 10 cents para maging equal sa 7500. I just resigned sa work effective june 2. Im planning to file my loan tom may 6. Possible ba dun na din ako magbayad kasabay ng pagpasa ko ng loan application? How am i going to compute for my loanable amount? Tnx

94. Anne on May 5th, 2013 6:26 pm

    My first loan amout was 15k last feb 2012. Our comp started the deduction april.

95. Roy on May 6th, 2013 10:09 pm

    Ms. Nors, ask ko lang po. may existing loan ako, ngayon april 2013 lang po dapat start ang deduction. now po i transferred to another company this april din. pwede ko ba i request sa previous employer ko na si new employer ang mag-continue ng monthly amortization ko sa SSS?
    thanks po!

96. abby on May 7th, 2013 4:56 pm

    hi! i am confused how come i am only eligible for a 14k loan when i have already paid, 56 contributions. i am still employed. though as per history, my company has yet remitted my contributions for MARCH and APRIL.
    please see details below of the details as reflected in my sss online account.

    per contributions history:
    (A) Total Number of Contributions Displayed 53
    (B) Total Number of Contributions not Displayed 0
    Total Number of Contributions Posted (A) + (B) 53
    Total Amount of Contributions 80,496.00

    per eligibility:
    Total Number of Posted Contributions 53

    Available Loans
    Salary Loan
    Loanable Month 1
    Average 12 Monthly Salary Credit 14,000.00
    (A) Loanable Amount 14,000.00
    (less) (B) Previous Loan Balances 0.00
    (less) (C) Service Fee (1% of (A) Loanable Amount) 140.00
    Loan Proceeds (A) – (B) – (C) 13,860.00

    now, im wondering how come i can only avail the 14K? when i have contributed more than 36months already with no previous loan availment. i was expecting around 30K…

    hope you can enlighten me po. thanks! =)

97. Nors on May 8th, 2013 11:39 am

    Hi Anne, I suggest you wait for the most recent payment to get posted before you renew your loan. Your resignation is not yet effective, so you’re expected to apply as employed. Check your online account — I think your member type is still employed. There’s also a rule that the employer will deduct all your SSS balance from your last payout, so it might be better if you apply for renewal when you become voluntary. Loan amount is the average salary credit for the past 12 months. If you’ve contributed at least 36 contributions, you get a 1-month loan. If at least 72, you get a 2-month loan. Old loan balance is deducted from the new loan.

98. Nors on May 8th, 2013 12:33 pm

    Hi Roy, yes, you can request and hope they will grant your request, but SSS has mandated them to deduct your whole balance from your last payout, so they might deny your request.

99. JUL on May 8th, 2013 2:25 pm

    hi maam mors ask lng po ako about sa monthly cpntri namin ang rate ko is 327 since last year pa so ang monthly salary credit ko is 8500 so nasa 884 total contri sana ako maam but 728 da din ang monthly contribution ko until now what should i do maam? thanks…

100. JUL on May 8th, 2013 3:05 pm

     884 sana ang montly contri ko maam dba? but 728 pa rin?? 8500 ang monthly credit ko… may refund ba ako sa company? halos 1 1/2 na 728 parin ang contribution ko?ano dapat ko gawin maam laki sana ang ma renew ko ngayon…

101. JUL on May 8th, 2013 6:51 pm

     ang company ba ang masunod or mag base ba sa sss contribution table ??? 8500 ang monthly salary ko for 1 1/2 yrs un til now so dapat 884 ang monthly contribution ko bda??? bat 728 parin managot ba ang company dito?

102. Nors on May 8th, 2013 11:59 pm

     Hi Jul, first, you ask your HR why your contribution total is 728 and not 884. There might be a valid reason. Ask them to increase your total contributions. Ask other employees if they’re experiencing the same. If you like to file a complaint, you visit the SSS main branch in QC and fill up a complaint form and submit together with your letter of complaint, payslips and other documents that SSS requires. Magtanong din sa iba baka merong better way.

103. JUL on May 9th, 2013 7:39 am

     ok maam salamat po….god bless

104. JUL on May 9th, 2013 4:10 pm

     gud day maam NORS ask lng ako kong magpa member ang asawa ko sa SSS dba hindi kuna cya beneficiaries? mag fill up paba ako ng form? or hindi na? kc cya at ang anak ko ang aking beneficiary…or automatic lng ba yun na hindi kuna cya beneficiary? thnks:)

105. Nors on May 10th, 2013 1:08 am

     Hi JUL, even if your wife becomes an SSS member, she is still your SSS beneficiary along with your child. It is only with Philhealth that your wife cannot be your beneficiary if she’s an active Philhealth member. It’s different with SSS. If your wife is an SSS member, her beneficiary are yourself (husband) and your child. Is she registering as non-working wife or self-employed?

106. JUL on May 11th, 2013 9:58 am

     ah ok maam thnks…. self -employed maam member na cya maam kahapon lng apprve na 520 amonth ang kanyang contrbution… about my loan maam nakita kuna ang amount na loan ko 36+ lng nakuha ko may balance kc ako ng 32+ bat 7OOO ang total ng 12 mothly cotri ko? dba 8736 dapat? kac 728 ang 12 mthly contri ko ito:
     2013
     728.00 728.00 728.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

     2012
     728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00

     2011
     728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00 728.00

107. JUL on May 11th, 2013 10:09 am

     bat 7000k parin maam??? 7k ba pag 728 ang monthly contri ko? hw to calculate?

108. Nors on May 11th, 2013 7:11 pm

     Hi JUL, the SSS loan amount is based on the average salary credit for the past 12 months. The salary credit for 728 is 7k; you contributed 728 for the past 12 months, so your average salary credit is 7k. Kung less than 6 years ka pa lang as paying member, 1-month loan lang ang makuha mo. If more than 6 years na, ang loan amount mo is 2-month, meaning 7k x 2 = 14k.

109. Rain Lopez on May 12th, 2013 8:21 pm

     Hello Ms. Nors,

     It took my employer time to finally update there COLLECTION LIST, when SSS finally posted my contribution whom I believe would grant me the eligibility to loan, I got this message instead
     saying my loan will be rejected due to ff. reasons, what does it mean po?

     Not Employed by Certifying Employer : 33-6110564-1
     Latest Employer in Database : 03-9091060-6
     * Employer not in ER Database. (If Member applicant is Household Help, Application should be processed as SE or VM )

110. Nors on May 13th, 2013 12:48 am

     Hi Rain, there are conflicts in the automated messages. May konting bugs pa ang software. But check these rules: If your employer is not enrolled online, file your loan using the application form (on paper). You cannot apply for your loan online if your employer is not registered online. Second, the name and SSS no. of your employer in your online SSS account should be the same as the name and SSS no. of your employer in your application form.

111. mj on May 13th, 2013 6:06 pm

     Hi I did asked for 2nd loan na but still the same yung amount ng loan ko from first and second. The first one niloan ko from previous company, now, ngchange na ko ng company. What will happen kung ibalik ko yung check tingin ko maling computation kasi e. Thanks!

112. Nors on May 13th, 2013 7:09 pm

     Hi mj, your loan amount is the same if your total no. of posted contributions has not yet reached 72 contributions or 6 years, and your average salary credit has not increased.
     The amount of your loan is the average of your past 12 salary credits. If you’ve reached 72 contributions or more, the amount will be doubled.

113. mf. rowena nabalitan on May 18th, 2013 2:43 pm

     hello mam nors,
     Inquire lang po ako mam,nagapply po ako ng condomnation,at almost 2 years na akong dinededuct
     ng company,kasi 2 years ang payment nito.ngayong july matapos na ang aking deductions.tanong ko ho pwede ba akong magrenew ng salary loan base sa bagong policy ng sss na kapag 50% nang nakabayad pwede nang magreloan?nagbabayad naman ako ng condomnation ko?please, bigyan nyo ako nang liwanag regarding dito.thank you mam nors,and god bless you always.

114. Nors on May 18th, 2013 8:58 pm

     Hi mf. rowena, in the 2012 condonation program, those who availed of this program can renew their loan 3 years after full payment (if installment). I don’t know if there was a rule like this when you availed of the 2010-2011 condonation program. Are you enrolled in My.SSS? You can click Loan Eligibility in your account so you can see if you’re eligible to renew your loan. You will see the reason if not eligible. This is how to enroll in Online SSS.

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