
Sss Educational Loan Form
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People also ask
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How do I pay my SSS educational loan?
Payment may be through SSS Branch with tellering facility or SSS accredited banks. A separate advisory shall be issued once payment thru SSS accredited non-bank remittance agents shall be allowed. 5. Payment may also be through salary deduction by employer.
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How much is the interest in a sss loan?
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. Any excess in the amortization payment shall be applied to the outstanding principal balance.
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Where can I download the SSS E1 form?
THIS CAN ALSO BE DOWNLOADED THRU THE SSS WEBSITE AT .sss.gov.ph. FILL OUT THIS FORM IN TWO (2) COPIES.
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Who is qualified for a SSS educational loan in the Philippines?
To get your SSS educational loan form approved, you must meet the following criteria: 60 years old or younger by the end of the installment term. Actively paying: at least 36 contributions, including six payments within 12 month prior to the application. Receive less than PHP 25,000 a month as an overall income.
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How to compute sss loanable amount?
The loan amount shall be equivalent to one (1) monthly salary credit (MSC) computed based on the average of the last twelve (12) MSC (rounded up to the nearest thousand) or the amount applied for, whichever is lower. 1. The loan shall be payable within two (2) years in twenty-four (24) equal monthly installments.
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How do you know if you are eligible for a sss loan?
Before applying for an SSS Salary Loan, ensure you meet the following requirements: Active Membership: You must be an active SSS member. Contribution History: At least 36 months of contributions, with six contributions in the last 12 months. Age Limit: Applicants must be under 65 years old at the time of application.
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What are the requirements for student loan in the Philippines?
Qualified Student – Beneficiaries Must be a Filipino citizen and resident of the Philippines; Must be related to the borrower up to the 3rd degree of consanguinity or affinity. Must be enrolled in an undergraduate course with maximum study period of five (5) years; and.
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How much is the first loan in SSS?
How much is the first loan in SSS? The salary loan is equivalent to one month's worth of salary given that you have completed at least 36 months of total contributions, six (6) months which has been posted in the last 12 months (before the month of application).
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