SSS Loan Condonation Extended Until April 1, 2019

Good news para sa mga hindi pa naka-avail ng SSS Loan Condonation program, puede ka pang humabol!

Extended ang SSS Loan Condonation program until April 1, 2019! 

This was announced on September 28, 2018 by SSS President and Chief Executive Officer Emmanuel F. Dooc through SSS Circular 2018-019. The same guidelines applied in the previous loan condonation program will be implemented.

Puedeng ito na ang last SSS loan condonation program bago ka mag-retire, so dapat mag-avail ka na, kasi wala tayong kawala sa SSS loan natin. Kukunin at kukunin ng SSS ang bayad ng loan.

When it’s time to file your retirement claim, at hindi mo pa nabayaran ang iyong loan, kukunin muna ng SSS ang montly pension mo from month to month hanggang mabayaran in full yong loan mo na lumaki na nang husto dahil sa interests and penalties.

 

sss-loan-condonation-money

 

At kung lumaki na nang husto ang loan natin, baka hindi na natin maranasang mag-pension!

Mag-apply ka na habang konti pa ang applicants, at hindi pa super haba ang pila, at malayo pa ang Oct 1 deadline. Application started on April 2, 2018.

 

Are you qualified to apply?
Yes, kapag ang SSS loan mo ay delinquent na for 6 months or more, and you lived or worked in an area when that area suffered a calamity, like Ondoy, at mababayaran mo ang restructured loan mo before you turn 65.

See below the list of calamities considered.

Puede ka ring mag-apply kung pa-retire ka na at meron kang loan, or mag-permanent disability claim ka at meron kang loan, or ang death claim mo ay merong loan, basta hindi pa na-process yong claim mo. Kelangan din na yong date of retirement, or date of death or permanent disability ay on or before October 1, 2018.

Kapag naka-avail ka na ng SSS loan condonation noong April 2016 to April 2017, at hindi mo itinuloy ang pagbabayad, sorry, hindi ka na raw qualified to apply under the 2018 loan condonation program.

Anong SSS loans ang puede?

  • Salary Loan
  • Calamity Loan
  • Salary Loan Early Renewal Program (SLERP)
  • Emergency Loan
  • Educational Loan (old)
  • Study Now Pay Later Plan
  • Vocational-Technical Course Loan
  • Y2K Loan
  • Investments Incentive Loan

What documents are required?
Good news at tinanggal na yong Affidavit of Residency na requirement! Palakpakan ang SSS.
Isinama na lang siya sa form at hindi na kailangan ang notarization. Ganyan, SSS, mag-isip ng makakagaan sa member.

  • One primary ID or two secondary IDs
  • Loan Restructing Application form (SSS form ito)
    Fill up this form in CAPITAL LETTERS, PRINTED style, with BLACK INK
  • Statement of Loan Balances (from SSS), usually yong SSS officer na ang magpi-print nito kapag complete na yong other requirements mo

Later on, with the SSS officer, pipirma ka ng:

  • Member Data Change Request
  • Promissory Note
  • Schedule of your Monthly Installments

at bibigyan ka ng:

  • Notice of Approval

Can I ask my authorized representative to file for me?
Yes. Your representative needs to file this LOA: Letter of Authority (SSS form)
and to present one primary ID or two secondary IDs

Thank you, SSS, na LOA na, at hindi na SPA, which is expensive for OFWs to procure and send.

Calamities considered:
Ondoy — 2009
Sendong — 2011
Pedring and Quiel — 2012
Pablo — 2012
Labuyo — 2013
Maring — 2013
Santi — 2013
Armed Conflict in Zamboanga — 2013
Bohol and Cebu Earthquake — 2013
Yolanda — 2013
Agaton — 2013
Glenda — 2014
Mario — 2014
Ruby — 2014
Seniang — 2014
Lando — 2015
Nona — 2015

Dapat na-declare ng NDRRMC or the National Government na under state of calamity yong lugar mo when the calamity happened.

Pagpapaliwanag: Dapat ang title ng post ko ay SSS Loan Penalty Condonation program, kasi yong penalties lang ang kino-condone o pinapatawad ng SSS, kaya lang Loan Condonation kasi ang nakagawian na nating sabihin.

Hindi ba talaga kasali ang Stock Investment Loan at Privatization Fund Loan Program?

Sorry, hindi kasali. Ang program for you is Option to Sell Shares of Stock Program. Ito yong mga forms: Application for Option to Sell Shares of Stock Program and Special Power of Attorney authorizing SSS traders to sell your shares of stock.

Kung merong matira sa sales proceeds, ibabayad sa ibang loans mo. Kung meron pang matira, ibibigay sa iyo.

Kung kulang ang sales proceeds na pambayad sa SILP loan mo, kailangan pa rin na babayaran mo yong balance. If left unpaid, this balance will have interests and penalties.

45 Comments

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  1. Hello Jeffrey,

    IF I MAY ALSO ANSWER YOUR QUESTION – If you incurred a loan in 2004 and it remains unpaid until this time, THE MORE YOU SHOULD CONSIDER AVAILING THE Loan Restructuring Program. MALAMANG LUMOBO NA PENALTY NIYAN. Check your MySSS account.

    As long as you are LIVING/WORKING IN A DISASTER/CALAMITY AREA FROM 2009-2018 ( 24 CALAMITIES IN THE LIST) at pasok ka naman sa ibang requirements, samantalahin mo na mag-apply ng loan restructuring

  2. Hello Joe,

    IF I MAY ANSWER YOUR QUESTION – YES, You can pay the whole amount of the loan IN ADVANCE and doing so WOULD BE TO YOUR ADVANTAGE AND BENEFIT. WHY? Because you pay LESS INTEREST AND PENALTY for the loan if you settle it in advance. A RESTRUCTURED LOAN ALSO CARRIES 3% INTEREST AND 0.5% PENALTY for the remaining unpaid balance.

    You can apply again for a loan ONLY AFTER 6 MONTHS AFTER you have paid for the whole loan amount. This is according to the guidelines issued by SSS for the 2018 Loan Restructuring and Penalty Condonation Program

  3. Why are you not answering our queries anymore, ma’am?…no worries, not again, thanks, anyway…

  4. Hi Carlota, your argument for no-interest loan for members is valid, but I think a low-interest-rate loan is also okay because the SSS needs a lot of ways to earn money to fund the cost of benefits. Please send your email to member_relations@sss.gov.ph. You can also post here: https://www.facebook.com/SSSPh

  5. What is this loan condonation-What about the interest? Imagine we loaned our own money and yet you put interest and penaties. How can you classify it as loan condnation? During former president aquno times they condone interest and they dont charge penalty. You are like credit compnay you make life harder to all filipino people. If you are sincere in your program please be good…..

  6. Why sss condone only penalty? What about the interest? Imagine we loaned our own money and yet you put interest and penaties. How can you classify it as loan condnation? During former president aquno times they condone interest and they dont charge penalty. You are like credit compnay you make life harder to all filipino people. If you are sincere in your program please be good…..

  7. Good day po Ms Nora, i have an outstanding loan long time ago (2004), am i qualified to file for the loan condonation? Based on the list ot declared year of disaster, 2009 was the ealiest.

  8. Hello, Ms. Nora, what if one is availing of the condonation program of the SSS and he/she paying it by installment, then decides to just pay the remaining balance of half the amount he/she hasn’t paid yet supposedly for the next one year and a half yet (agreed to pay the condonation for three years)…is this possible?…if so, and fullfiled, can he/she avail of another loan?…

  9. Hi Rico, good news, extended up to April 2019. Pero file ASAP para mas lower ang interest, kasi penalty lang ang naco-condone.

  10. Hi Marianne, good news, na-extend up to April 2019, pero huwag mo nang antayin ang last day, file ASAP para hindi mahaba ang pila.

  11. Kelan pa kya maulit ang condonation program ng sss? Hindi ba pde ma-extend hanggang katapusan ng october?

  12. Kailan ulit magkakaroon ng loan combination? Ngayon ko lng kasi nalaman.

  13. thanks nora.i will let you know.

  14. Hi mercy, six months or more ba ang hindi mo nabayaran before April 2, 2018? Kelangan din na yong address mo o lugar mo ay nakaranas ng disaster. In 2017 and 2018, ito ang mga disasters: Earthquake in Surigao del Norte (2017), Earthquake in Leyte (2017), Armed Conflict in Marawi City (2017), Urduja/Vinta (2017), Mayon Volcano Phreatic Eruption (2018). Kasali din yong mga disasters noon katulad ng Ondoy — tanungin mo na lang ang SSS kung puede yong mga disasters before ka nag-loan.

  15. Hello Mercy,

    Yes pwede mag-avail ng loan penalty condonation ang nag-loan ng August 2017 basta pasok sa requirements – meaning 6 mos. na o higit delinquent ang loan at nasa area na deklaradong state of calamity ang residence o place of work. Hanggang 2015 (Typhoon Nona) lang kasi ang nasa listahan ni Ms. Nora.

    Ito ang karagdagan kalamidad ayon sa Guidelines ng SSS:

    18. Lawin (2016)
    19. Nina (2016)
    20. Earthquake in Surigao del Norte (2017)
    21. Earthquake in Leyte (2017)
    22. Armed conflict in Marawi City (2017)
    23. Urduja/Vinta (2017)
    24. Mayon Volcano Phreatic Eruption (2018)

    So 24 lahat ang calamities considered. Hanggang Oct. 1 lang ito Mercy.

  16. Hello Maan,

    Meron DOWNLOADABLE FORM SA SSS website para sa Loan Restructuring and Penalty Condonation. Abisuhan mo na lang asawa mo na mag-download at fill-up tapos ipadala sayo para ikaw na maglakad dito sa Pinas. Kelangan pa kasi ng approval ng SSS ang application bago ma-avail. Lahat ng documents required andito sa heading ng blog. Till October 1 lang ito so habulin na natin ang deadline

  17. Hello po pwede ko po ba malaman kng ano ung mga necessary documents na dpat dalhin at ipasa kpag mag ffile po ako ng loan penalty condonation para po sa asawa ko na ofw. Nallito na po kse ako base sa mga nababasa ko po online. Maaari ko po ba malaman kng ano po ung updated na papeles na kelangan. Maraming salamat po sa tutugon.

  18. Hi ritz, you can contact CTBC Bank here in the Phils since it’s the only bank I know that issues an SSS Visa debit card even without the pensioner going to the bank. Here is CTBC’s page about their SSS Visa debit card. Another option is for your niece to request SSS for a Visa debit card opening form and ask where you will mail the form after you’ve accomplished it. I hope you can update us later on which option was successful for you, and thanks.

  19. pwede po ba magapply ng loan condonation yung nagloan ng august 2017?

  20. Hi Mary grace, kung maayos ang records, dapat in one to 2 months ay meron nang lump sum. Pero maraming cases na inaabot ng several months.

  21. Mary grace Reatiraza

    Pag nag apply para sa lumpsum sa retirement claim gaano po katagal bago makuha.

  22. hi nora,
    nasa abroad na ako.retired at the same time disabled pa. gusto ko ma avail ang aking retirement benefit sa sss. 19 yrs ako nag trabaho sa pinas.na process na ang claim ko thru my niece.sss require me to open a bank acct in pinas. ang problema hindi na ako maka travel by air because of health issue. ano ang dapat kung gawin. maraming salamat.

  23. Hello Aileen,

    With your MySSS online account you can check your total contributions including amount, months, and years applied. It’s all itemized and tabulated. YES your salary loan way back in 2000 may be applied for loan restructuring and penalty condonation provided it meets the necessary conditions and requirements (PLS. CHECK REQUIREMENTS) AND YOU DID NOT AVAIL OF THE loan condonation from April 2016-April 2017

  24. Hi,
    I want to clarify about my premium payments. I had two employers up to 2000 – part time and full time. Under both employers, I was deducted the maximum premium at that time. How would I know if all my premium payments have been credited to my account. I checked my account online and I saw lumped payments of about 48. What does lump payments mean. What will be the basis of my pension computation as I am now eligible to apply for pension. Is my unpaid salary loan in 2000 qualified for the loan condonation? Thank you.

  25. Hello Jenny,

    Pwede mo naman macheck sa iyong MySSS account online kung may outstanding balance pa ang binabayaran mong loan – kung meron pa balance at PASOK NAMAN SA QUALIFICATIONS AND REQUIREMENTS ang ni-loan mo noon at HINDI KA NAG-APPLY NG LOAN RESTRUCTURING NUNG 2017, pwede ka mag-apply sa ongoing 2018 Loan Restructuring and Penalty Condonation Program

  26. Jenny Lioan Subang

    Paano naman po un case ko matagal na akong nagloan 2011 pero after loan hindi na po ako nakapag bayad kasi nawalan ako ng trabaho pero mey mga interval po na payments ako ginawa until now po nagbabayad ako kada buwan hindi po ba ako makaka avail ng condonation?kasi po zero na ing penalty ko interest at principal na po ang babayaran ko

  27. Hi Bert, yes, puede, mag-apply ka lang. 200 pesos ang UMID ID. Iba-iba ang speed of processing, puedeng 1 to 2 months or more.

  28. Hi Bert, yes, puede, basta you’ve been delinquent for at least 6 months, you live or work in a place that suffered a calamity na nasa list, at hindi ka nag-avail last year. Punta ka lang sa nearest SSS with your ID. I-select mo yong longest term na puedeng magbayad para mas mababa yong monthly at hindi ka masyadong mahirapan. Pag nag-avail ka ngayon, kelangang try your best to pay it from month to month, kasi malamang hindi na nila uli papayagang mag-avail uli kapag meron pang condonation program in the future.

  29. Hello Bert,

    YES meron ongoing Loan Penalty Condonation Program ang SSS sa ngayon at HANGGANG Oct. 1, 2018 lang so samantalahin na natin ang pagkakataon kung tayo ay kwalipikado. Malaking bagay ang mabawas na penalty sa ating hindi nababayarang loan kasi ang PENALTY ANG LUMOLOBO AT PALAKI NG PALAKI habang lumilipas ang panahon na hindi nababayaran ang loan. Tama ang nabanggit ni Ms. Nora na hahanapan ng paraan ng SSS upang masingil ito sa ating FINAL BENEFITS – sa pension o death o disability benefits. Walang takas tayo dito.

  30. Bert Delos Reyes Castillo Jr.

    Good day po pwede po bang palitan ng UMID card ang dati Kong SSS ID card ilang buwan po marelease at magkano po ang UMID card

  31. Bert Delos Reyes Castillo Jr.

    Good day po simula September 2015 until now ay wala na po akong trabaho halos mag tatlong taon na po 2018 dahil po ako ay nagkasakit unfit for duty dahil SA hypothyroid paano po ma stop ang monthly interest wala na po akong kakayahan bayaran ang aking salary loan. Sana po ay mag apply po ako kung meron po kayong SSS salary condonation program

  32. Bert Delos Reyes Castillo Jr.

    Good day po Sir, Madam. Can i avail to apply salary loan condonation program

  33. Hi Vilma, yes, file your loan penalty condonation application asap, kasi kung maayos na ang salary loan mo, makukuha mo ang maternity benefit mo. Kasi kung delinquent ang salary loan, ipinambabayad ang maternity benefit sa delinquent salary loan.

  34. Can i avail this even if i will avail my maternity benefit as self employed?

  35. For the benefit of those wishing to avail of the 2018 Loan Restructuring and Penalty Condonation Program, payment guidelines issued by SSS

    The principal and interest of all past due short term loans of the member-borrower shall be consolidated into one Restructured Loan RL1 payable either in full or installment options.

    Full payment is payable within 30 days from the approval of loan restructuring application
    Installment payment is payable in equal monthly amortizations over number of months to pay based on RL1 range below:

    RL1 range No. of months to pay
    (Sum of principal& interest)

    P2000- 18,000 12 months
    P18,000 – 36,000 24 months
    P36,000 – 54,000 36 months
    P54,000 – 72,000 48 months
    More than P72,000 60 months

  36. Hi trixie, puede na dito sa member_relations@sss.gov.ph. Puedeng ito ang Subject: Reporting an SSS Death Pension Violation by _________. Include the address of the member. Thanks for sharing later on the result.

  37. mam..nora . pwede po ba mahingi ang email na pwede ko masendan ng aking report at evidence. maraming slamat po sa pagsagot nyo skin dto. iuupdate kopo kau once na nagkaresulta n ang aking nais.

  38. Hi trixie, puede namang email. I-attach nio na lang yong picture na evidence nio. Yong iba na nagko-comment dito ay agad namang napapatigil yong pension after investigation.

  39. tuloy2 p din po ang pensyon nya mam. eh!
    and the same time may dlawa na po nag report. tas ung ininvestigate na sya. nakakalusot padin but this time po kase my picture na kami na nagpapatunay kc 14yrs. nag patay asawa nya. at 10yrd na silanh nagsasama ng bf nya.
    hindi po ba pwede i email ang sss in this case na irereport nmin??

  40. Hi trixie, baka naman natigil na ang pension ng widow. Or baka meron ding mga kapitbahay ang nagpapatunay na walang ka-live in yong widow. Puedeng mag-report at any SSS branch. Bring your proofs.

  41. hi ms. nora.sana po mapansin nyo po ang aking kata ungan.. nais po nmin malaman kng ano gagawin naming mga kpitbhay at kamaganak ng kinakasama ng babaeng tumatanggap ng pensyon ng namatay nyang asawa

    san po pwede direct magreport sa case na..
    kung ang isang babae na tumatanggap ng buwanang pensyon galing sss dhil sa namatay nyang tunay na asawa at ngaun ay may kinakasama na syang ibang lalaki now. nagabroad din ung kalive in partner nya! para po mag stop ang kanyang pensyon monthly.
    at may katibayan din po kami na nagpapatunay na nagsasama sila.

    marami napo nagsurvey pero nakakalusot pdin sya at patuloy anq pension nya.
    salamat po.

  42. Hello Kella and Milagros

    As per guidelines issued recently by SSS the following loans ARE EXCLUDED from the 2018 Loan Restructuring and Penalty Condonation Program

    1. Stocks Investment Loan Program (SILP)
    2. Privatization Fund Loan Program (PFLP) involving Petron and Meralco shares
    3. Educ-Assist Loan which is DIFFERENT FROM Study Now Pay Later and Educational Loan Program

    Study Now Pay Later and previous Educational Loan program ARE INCLUDED in the present Loan Restructuring Program

  43. Hi Kella and Milagros, sa last loan penalty condonation program in 2016-2017, it was announced that the stock loan is excluded from the program because the Option to Sell Shares program was still ongoing. I think it’s still excluded because the Option to Sell Shares form is still available on the SSS website: Option to Sell Shares of Stock. at walang deadline na nakalagay sa form, so I think it’s still ongoing.

  44. Is stock loan included in the 2018 SSS loan Penalty Condonation Program?

  45. Milagros A. Macatangay

    Is stock loan included in the 2018 SSS loan Penalty Condonation Program?

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