To qualify for the SSS Unemployment Insurance or benefit, you have to be an SSS member with at least 36 monthly contributions. At least 12 months of your contributions should have been remitted for the last 18 months preceding the involuntary unemployment or separation.
Regarding this, can I pay my SSS loan thru GCash?
SSS members (self-employed, voluntary, OFW, farmers, fishermen, non-working spouse) can pay their SSS contributions and loans using GCash. No need to line up at payment centers. … SSS members must be prepaid or postpaid Globe or Touch Mobile subscriber and must be registered to GCash to use the GCash facility.
- Visit the SSS website (sss.gov.ph) and click Member.
- Enter your User ID & Password and click the box for the captcha.
- Under E-Services, click Disbursement Account Enrollment Module and enroll in the system your bank account where the loan will be disbursed.
Similarly, how can I get SSS loan if unemployed?
To qualify for the SSS unemployment benefits program, you must meet the following criteria:
- Must not be over 60 years old at the time of unemployment. …
- Paid at least 36 months’ worth of monthly SSS contributions and 12 months have been paid in the last 18 months prior to job loss.
How do I know my SSS loanable amount?
How to Check SSS Loan Balance Online 2021
- Step 1: Go to www.sss.gov.ph , then member login to view check your loans info. Type in your membership login details. …
- Step 2: Hover your mouse to the “Inquiry” tab. …
- Step 3: Hover your mouse to “Loans Info” tab.
How many years before I can loan in SSS?
Member must be a member of the SSS; Member has at least 36 months premium contribution and 24 continuous contributions in a period prior to application. Member not more than 60 years old at the time of application and must be insurable. Members age 60 years at time of application will have a maximum loan term of 5 …
How much is SSS voluntary contribution 2021?
Effective January 2021, SSS has increased its contribution rate from 12 percent to 13 percent and adjusted the monthly salary credits (MSC) for members to P3,000 as minimum and P25,000 as maximum. This is equivalent to a monthly contribution of P390/month or P3,250/month, respectively.
How much is the first loan in SSS?
Another simple computation to look at would be, if you have posted 36 monthly contributions, of which six has been within the last 12 months before submitting your application, you can loan up to PHP 15,000 or a one-month salary loan. This is also the usual amount that first-time borrowers can receive (minus taxes).
How much is the maximum loan in SSS?
LOANABLE AMOUNT
Actual need of the borrower (total project cost) Loan value of the assigned collateral or securities; or. Maximum of P500. 00 million per borrower.
How much is the maximum salary loan in SSS 2021?
Assuming that your income never changed and you paid your contributions consistently in the last 12 months, the maximum SSS salary loan you can borrow is Php 18,000 for a one-month salary loan and as much as Php 36,000 for a two-month salary loan, provided that you’re qualified for it.
How much is the payment of self-employed in SSS?
If you are self-employed (SE) or a voluntary member (VM), you must pay the full 12%, based on the monthly earnings that you declared at the time of registration (for SE), or the MSC that you set for yourself (for VM, such as members separated from employment).
What are the loans available in SSS?
A cash loan granted to an employed member or a currently-paying self-employed or voluntary member. It is intended to meet the member’s short-term credit needs. For one-month loan: 36 monthly contributions, six (6) of which should have been posted in the last twelve (12) months prior to the month of application.
What are the requirements for SSS self employed?
A self-employed person should accomplish SSS Form RS-1 (Self-Employed Data Record) and submit it together with a photocopy of any of the following baptismal, birth certificate, driver’s license, passport, Professional Regulation Commission (PRC) Card, Seaman’s Book.
What will happen if I stop paying my SSS contribution?
pay all unpaid contributions plus a penalty of three percent per month; and. be held liable for a criminal offense punishable by fine and/or imprisonment.
Who can claim SSS lump sum?
To qualify for lump sum retirement benefit, a member is at least 60 years old (or 55 years old, if an underground mineworker) for optional retirement, or 65 years old (or 60 years old, if an underground mineworker) for technical retirement, and has paid less than 120 monthly contributions.