How to Apply for an SSS Salary Loan

The Social Security System, the state-run pension fund for private sector employees, offers salary and calamity loans.

Salary loans depend on the monthly pay of employees. A calamity loan is given to employees who live in a place officially declared a calamity area as a result of earthquakes and floods or other natural calamities.

Here is how to apply for a salary loan from the fund. Be sure to meet the qualifications and prepare the necessary requirements.

Salary loans are easy to file and affordable to pay. Take advantage of this offer and try to apply once you have made 36 or more monthly contributions.

Monthly payments will be deducted directly from your salary, which means you should be ready to budget expenses in subsequent months, as well, and use the loan proceeds for emergency or important expenses.

(Source: GMAnetwork.com)