WebSSS Online Loan Calculator. Calculate how much money you can be able to loan from SSS. Note: You are entitled to avail of a salary loan if you have paid at least 36 monthly … WebMar 6, 2024 · How much is the penalty for unpaid SSS loans? A. If you fail to pay the amount on your due date, you’ll incur a penalty of 1% per month until your loan is fully paid. Make sure that your employer is collecting and remitting the amortization on your behalf through salary deduction. If you retire, resign, or get terminated and you have an ...
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WebOct 14, 2024 · SSS Salary Loan Payment Amortization. The following table shows the payment schedule spread within two years in 24 equal monthly installments. The loan is charged a nominal interest of 10% per annum. For employed member-borrower, the first salary deduction shall start on the second month following the date of the loan. WebWhen you get your SSS salary loan payment form and the reference number, you have two options to pay your loan: Option 1: Walk-in payment. Option 2: Online payment. With a printed copy of your account statement containing the PRN and barcode, go to the nearest SSS office with an ATM machine. simplified procedure motion form form 76b
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Web5. Payment shall be made at any SSS branch office with payment facility, SSS-accredited bank, or SSS-authorized payment center. E. INTEREST AND PENALTY 1. The loan shall be charged an interest rate of 10% per annum until fully paid, computed on a diminishing principal balance, and shall be amortized over a period of 24 months. 2. WebFeb 2, 2024 · Condonation with Restructuring. Pay 50% of the entire loan amount in full including legal expenses, interests, and insurance dues within 90 days of receiving the … WebThe loan shall be charged an interest rate of 10% per annum based on diminishing principal balance, and shall be amortized over a period of 24 months Interest of 10% shall continue … raymond mercer battle creek