How to pay sss loan past due 2019

Step – Prepare the Requirements. Once it’s your turn, submit the. The principal and interests 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 payment.

Full payment – the restructured SSS loan is payable within days from the approval of the restructuring application. The loan shall be payable within two (2) years in monthly installments. The monthly amortization shall start on 2nd month following the date of loan, which is due on or before the payment deadline, as follows: Payment shall be made at any SSS branch with tellering facility, SSS-accredited bank or SSS-authorized payment center. For those who have delinquent loan account in Social Security System, this is now your chance to clear your record without the added pain of high interest. What is the interest rate on SSS?

How to inquire SSS loan balance? How does the employer report to SSS? Members of Social Security System ( SSS ) with past due loans can still avail of the loan restructuring program (LRP) with penalty condonation as it extends the program for another six months.

The SSS launched the LRP with condonation program on April and is scheduled to expire on October 2. Simply follow these steps to view your SSS Outstanding Loan Balance online. Simply input your login details. Go to the Social Security System Official Website. Disclaimer: The purpose of this article is for information-sharing only. An SSS member who wants to pay using GCash needs to have a prepaid or postpaid Globe or Touch Mobile account to gain access to the GCash payment facility.

The LRP allows SSS member-borrowers to settle their overdue loan principal and interest in full or by installment under a restructured term depending on their capacity to pay. For both payment schemes, SSS will waive all the loan penalties after the member has completed paying the restructured loan. Remember to check the status of your loan from time to time. There are situations wherein employers failed to remit SSS Loan payments which in turn would make you a delinquent member. You would have to pay unnecessary penalties if such cases happene so better be vigilant in checking and inquiring with your HR.

Always pay your contribution on or before the due date (found on your SOA along with your PRN) to avoid missing a payment. If the due date falls on a weekend or holiday, you can pay on the next working day. No need to line up at payment centers. Members of the Social Security System ( SSS ) with past due loans of at least six months can go for a loan restructuring program the state-run pension fund is implementing from April to October this year. SSS President and CEO Emmanuel Dooc said the eligible members are those affected by calamities and have short-term loans.

You can pay your loan at Bahrain Financing, Bahrain India International Exchange, Dalil Exchange, National Finance and Exchange Co. Make sure your payment is noted as loan payment. For Self Employe Voluntary and Non Working House wife, there are no retro active payment policy.

It means you are not allowed to pay for the months that are from the previous quarter or earlier. For SSS Loan payment, your loan balance will accumulate penalty and interest. And it is compounding by the way.

According to the SSS , the program covers all member-borrowers who have past - due loans like the salary loan , emergency loan , (old) educational plan, study-now- pay -later plan, voc-tech loans , Y2K.