For those who have unpaid loans with the SSS, now is the opportunity to continue paying off your loan.
SSS Member Loan Penalty Condonation Program is finally active for a limited time and is offered to
all individual members of the SSS who have existing loans. The program helps its members pay off their
loans by clearing off up to 100% of their penalty charges*.

 

*Percentage of penalty condoned will depend on the member's situation.

Penalty Condoned
Who are qualified to apply
What are the conditions
When is the availment period
100%


Members whose employers deducted loan amortization from their salaries/separation pay but did not remit said loan amortization to SSS.

 

Beneficiaries of deceased member-borrowers with unpaid loans who will file for dead claim within the availment period.


Have paid three (3) monthly contributions within six (6) months prior to the month of filing the application.


April 2, 2012 to
September 30, 2012

 

 

April 2, 2012 to
March 31, 2013

90% (if full payment)

Or

80% (if installment)

Members who have paid at least three (3) monthly loan amortizations

Have paid three (3) monthly contributions within six (6) months prior to the month of filing the application.

April 2, 2012 to
September 30, 2012
50%

Members who will file for retirement or total disability claim within the availment period.

 
April 2, 2012 to
September 30, 2012

 

Download here:

Loan Condonation Form

 

It is advised that you contact us before sending off your application form. Also, if you need
more info about your SSS accounts, feel free to call us on 0207-930-4091.

 

 

 


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