Sss loan bracket

Take Control of Your Financial Wellbeing. Borrow Between £50-£5and get Funded within mins. Moreover, we can refer to the table’s monthly salary credit (MSC) based on our salary bracket , to determine the loans and benefits that we can avail from SSS. Here is the New SSS Contributions Table for Employe Self Employe Voluntary and Non-Working Spouse, OFW and Household Members. What is SSS Salary loan?

How long do you have to pay SSS?

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. The current SSS contribution rate is of the monthly salary credit not exceeding P10and this is being shared by the employer () and the employee (). Self-employed and voluntary members pay the of the monthly salary credit (MSC) based on the monthly earnings declared at the time of registration. To be eligible to apply for a 1-month salary loan from SSS , you need to have made at least monthly contributions and the last of those contributions should have been made in the past months.

The loanable amount is based on the member’s monthly salary credit (MSC), which is currently at a maximum of P1000. Ang unang SSS loan po usually ay maliit at habang consistent po kayong nakakbayad sa loan on a regular and updates basis ay you gain trust. Next loan po will be a little bit higher.

Ngunit sa ngayon po, ang loanable amount po ninyo sa SSS ay naka base sa laki o liit ng salary ninyo kung saan ginagamitan nila ng salary bracket table. A cash loan granted to an employe currently- paying self-employed or voluntary member. Also, the SSS uses the total number and total amount of paid contributions as the basis for granting and computing a member’s benefit. When you apply maternity benefit or salary loan , SSS uses this bracket to determine how much you are entitled to.

Read Also: SSS Loan Restructuring Program Muling Ipapatupad. Rate of Contributions to SSS. The monthly contributions are based on the compensation of members ( Please see table on the last page). Go to our article on the improved SSS salary loan program. It’s important that we remember this so we don’t take our SSS loan lightly, and so that we don’t borrow just to buy things we don’t really need.

With regards to applying for two months worth of salary loan to SSS , a member should have made at least months of contributions. In the last months, he or she must have. Just follow the format or command below for your reference.

For OFWs, the minimum salary credit is Php000. How to register SS text inquiry? Therefore, the minimum monthly contribution for OFWs is Php 550.

If you can afford to pay the maximum SSS contribution, which is Php 76 that will help you in times that you’ll need to avail of any of the SSS Benefits such as SSS Salary Loan , SSS Sickness Benefit, SSS Maternity Benefits, SSS Pension, and other benefits. Good thing applying for an SSS salary loan got a lot easier than it used to be.

You just need to make at least months total contributions. SSS members can apply for an SSS salary loan equivalent to one month’s worth of salary. Every income-earning Filipino should be a member of the Social Security System as it’s one of the best ways to protect yourself financially during your old age, sickness or disability.

So if you’re wondering how much you’ll need to pay be an SSS member in good standing, then read on.