SSS members who have found better earning opportunities abroad may continue to enjoy the same privileges as members who reside in the country. One such benefit is the salary loan facility of the SSS; this enables members to borrow an amount to meet short-term credit needs and be able to repay at affordable terms and interests.
What are the qualifications?
a. The OFW’s monthly SSS contributions must be updated.
- For one-month salary loan – the member-borrower must have 36 posted monthly contributions, six of which should be within the last twelve (12) months prior to the month of filing of application.
- For two months salary loan – the member-borrower must have 72 posted monthly contributions, six of which should be within the last twelve (12) months prior to the month of filing of application.
b. The OFW must be under 65 years of age at the time of application.
c. The OFW has not been granted final benefit (total permanent disability, retirement, and death).
d. The OFW has not been disqualified due to fraud committed against the SSS.
What are the steps in applying for a salary loan?
a. Download and fill-out a Member Loan Application form.
b. Present your SSS ID. If the OFW does not have an SSS ID yet, he needs to file for application of SSS card (Form E-6).
c. Prepare two valid identifications (ID); any two of the following will suffice:
- Professional Regulation Commission (PRC)
- Unexpired Driver’s License
- Postal ID
- School or Company ID
- Tax Identification Number (TIN) card
- Seaman’s Book
- Membership card issued by private companies
- Overseas Worker Welfare Administration (OWWA) card.
- Senior Citizen’s card
- Voter’s Identification card / Affidavit / Certificate of Registration
- ATM card with cardholder’s name; or with certification from bank (if without name).
- Credit card
- Fisherman’s card issued by BFAR
- GSIS card / Member’s Records / Certificate of Membership
- ID card issued by LGUs (Barangay/Municipal/City)
- ID card issued by professional association recognized by PRC.
- Birth Certificate
- Baptismal Certificate
- Marriage Contract
- NBI Clearance
- Pag-IBIG Member’s Data Form
- Permit to carry firearms issued by the Firearms and Explosive Unit of PNP.
- PHIC Member’s Data Record
- Police Clearance
- Seafarer’s Registration Certificate issued by POEA
- Temporary Driver’s License issued by LTO
- Transcript of Records
- Alien Certificate of Registration
- Bank Account Passbook
- Certificate from Office of Southern / Northern Cultural Communities; or Office of Muslim Affairs
- Certificate of Licensure / Qualification Documents / Seafarer’s ID and Record Book for Maritime Industry
- Certificate of Naturalization from the Bureau of Immigration
- Life Insurance Policy
- Birth / Baptismal certificate of children.
Who may file the Salary Loan Application?
a. If filed by Member-borrower’s authorized representative, bring the following:
- Member-borrower’s Member Loan Application
- Member-borrower’s SS card or any two valid IDs both with signature (at least one with photo).
- Authorized Representative’s SS card or any two valid IDs both with signature (at least one with photo).
- Letter of Authority (LOA) signed by both the member-borrower and the member-borrower’s authorized representative.
b. If filed by Employer/Company’s Authorized Representative, bring the following:
- Accomplished Member Loan Application.
- Authorized Company Representative (ACR) card issued by SSS.
- Letter of Authority (LOA) from employer and any two valid IDs both with signature and at least one with photo.
- Acknowledgment stub and any two valid IDs both with signature and at least one of the IDs with photo.
c. If filed by the member’s representative:
- Present member’s SSS card or two valid IDs, one of which with photo and signature.
- Authorization letter signed by the member and the representative.
Where does an OFW file his loan application while abroad?
a. OFW members may submit their applications at the SSS Representative office in the country of their location.
b. In case there is no SSS office in a particular country, the member may send the application and supporting documents to his relatives in the Philippines and authorize them to file at the SSS branch.
c. Any document issued abroad and forms part of the application must be authenticated by the Philippine Consulate/Embassy.