SSS Loans

Which among these is/are type/s of SSS loan (select as many as possible)

• Salary Loan

• Calamity Loan

• Educational Assistance Loan

• Housing Loan

How many TOTAL number of contributions is required to be eligible to apply a loan?

• 24

• 30

• 36

• 72

How much is the interest percentage per annum for a Salary Loan?

• 1%

• 10%

• 15%

• 20%

TRUE OR FALSE: An employee with existing loan can renew a loan after paying at least 50% of principal loan amount

• TRUE

• FALSE

What are the qualifications for Calamity Loan Application? (select as many as possible)

• Must be registered in My.SSS

• Must have at least 24 monthly contributions

• Must be a resident of NDRRMC-declared calamity area

What is the salary range requirement to qualify for Educational Assistance Program?

• 25,000 and below

• 20,000 and below

• Minimum wage earners only

• 10,000 and below

What is the maximum loanable amount for Educational Assistance Loan Program per semester/ trimester/ quarter for a degree course?

• 25,000.00

• 30,000.00

• 20,000.00

• 40,000.00

TRUE OR FALSE: Is Disbursement account required when applying for loans?

• TRUE

• FALSE

How much is the maximum loanable amount for Salary Loan?

• 20,000.00

• 25,000.00

• 30,000.00

• 40,000.00

TRUE OR FALSE: Upon resignation or termination of employees, the loan balances MUST be deducted from his/her Final Pay

• TRUE

• FALSE