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SSS Salary Loan Online Application

3 / 8 / 13

Last month I was able to attend a seminar in one of the SSS branch in Metro Manila. I was given a note informing that there will be no more manual submission of the contribution (R3 form), it should be in the form of USB or through online submission .

The said website enhancement of the SSS that allows members and employers to submit online collection reports and applications boosts the ease and convenience for both parties and to lessen the long queue in the SSS offices as well.

As an employed member, I was able to try out the filing of SSS Salary Loan via Online.

Here are the easy steps that I took that might be of guide to others as well who wants to file their SSS Salary Loan Online

 

1) Go to https://www.sss.gov.ph/sss/login.jsp make sure to tick on the Member tab. You have to register first to become a member.

 

sss login

 

2) Hover mouse pointer to the TRANSACTIONS tab and click on the Salary Loan Application

sss loan application 2

 

*Note

This will appear in the page, if you still have a pending application, thus not qualified for to apply for one. Also, make sure that you must have 36 posted monthly contributions, six (6) of which should be within the last twelve (12) months prior to the month of filing of application.

See HERE For the other qualifications. SSS Salary Loan - 1

3) If  you are qualified, you will be led to this page below.

  • input your employer ID
  • choose from the loan amount ( you can see the maximum loanable amount)
  • Tick (Check) on the agree to the Terms and condition
  • Click on the Submit Button

SSS Salary Loan 2

4) A confirming message will appear after, I forgot to take a snap but this will appear:

 

You have successfully submitted your SSS Salary Loan Application. We are awaiting the certification from your employer. Your salary loan application will expire if your employer fails to certify on or before Months Date, Year.

Please take note of your transaction number: ########

5) Check your email,  you will receive a Salary Loan Confirmation email that you have successfully submitted your loan application.

 

SSS Salary Loan email noitification.

6) Wait for the email notification that your employer have certified your SSS loan. ( you may follow up on your HR department for this one because if not certified for a certain period of time, your application will expire and you have to resubmit again)  This will confirm that your application for the salary loan is in process already.

 

SSS Salary Loan email noitification.

7) You may view the status of your Loan Application through your SSS online account.

You will see a CHECK GENERATED STATUS, Check Date, Loan Amount and your monthly amortization which will be deducted on your salary after two months.  SSS Salary Loan -4

Your cheque will be delivered through your employers’ address, so check on your HR department for the availability of your cheque. This may take a couple of weeks.

Personally, I filed my application last February 27, it was certified the next day (Feb 28) according to SSS ( I followed by via call), turn over of checks is within 3 days to the post office. So I am on the 5th day of waiting. Will update this post once I get to receive the check. 🙂

** Update ( March 12)

Mr. Postman delivered my check last Friday (March 8) at the office. 🙂 Showed up 2 valid I.D (my company and SSS I.D) and signed his mini-notebook as a proof that I was able to receive my check.

Just a tip, inabangan ko si Mamang kartero and told him I was expecting a check as I filed a salary loan in SSS. So there, he’s been updating me every once in while if the check is at the postal office already.  No need to wait for a parcel notice from the post office. 🙂 It only took 7 days (including Saturday and Sunday na yun.)Technically, five working days from the day I received the email notification that my employer has certified my application.

Very convenient! No need to go to the SSS branch, no need to fall in line. Time, money (fare), effort saved. Hope this helps!  You may leave comment and I’ll do my best to be of help.

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5 Things to Consider Before a Payday Loan: Financial Solutions for Everyday Life

12 / 1 / 12

A payday loan can be an excellent source of cash for sudden and/or serious financial strain. Yet, it must be approached in the right manner. From valid reasons to a sound financial plan, here are some important considerations before taking out a payday loan.

#1: Your Financial Health

clip_image001

Via Flickr by nffcnnr

How are you doing financially? While candidates for payday loans aren’t necessarily doing too well, at the same time, taking a step back can help you determine where you stand. It can also help you understand whether you’ll be able to repay the loan.

Take a look at your overall budget, noting how you will repay the loan.  A payday loan is a serious tool for households. You must make sure that you will have the necessary resources to pay it back quickly in order to regain your composure financially. After all, this is an important budgeting tool that can only work as part of a sound financial plan.

#2: The Reason for a Loan

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Via Flickr by clyr2

Some expenses simply don’t justify taking out a payday loan. According to loan experts, gambling, vacations, gifts, debt considerations, entertainment expenses, and more can be placed in this category. In other words, a payday loan should only be used for the essentials, as found in your budget; otherwise, you could be getting yourself into bigger trouble.

#3: Cutting Back on Everyday Expenses

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Via Flickr by coolmikeol

If you are considering a payday loan for everyday expenses, a red flag should appear. While ideally a payday loan should not be necessary, some emergencies can justify such a loan. However, your budget should take care of items at the grocery and other necessities. Take some time to evaluate your budget, and then cut down on these expenses to save some money.

#4: The Right Payday Loan

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Via Flickr by redspotted

Once you make the decision to proceed towards a payday loan, you’ll need to do some research on where you will get one. Some in-person locations can be slow and have extremely high interest rates. However, an online source like easyonlinepaydayloan.com can be preferable in both areas. Make sure you compare your options, just as you would with any other type of loan. The savings can be considerable.

#5: Future Considerations

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Via Flickr by o5com

What happens after the payday loan – even after it has been repaid? Not only should you spell out how the loan will get repaid, but you should be thinking about how your finances will rebound. After all, it would be great to not have to take out a similar loan. Consider an emergency savings account for moments when you are hit with financial turmoil. Also, work on cutting down expenses so that you can save more money.

Overall, a payday loan is a serious step when financial problems hit. Make yourself aware of why you need one. Think through how much you need and how you will repay the money. Finally, take some time to consider how your finances can become healthy, which can start with an optimized budget and increased attention to savings plans.

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Quick Cash Solution

9 / 27 / 12

Managing finances is quite hard especially in times of economic crisis, no matter how we tighten the belt we still do run out of the budget and it really cause a lot of trouble in terms of paying the bills and many other side expenses. Some people do tend to incur bad credit in their account.The possible easiest way to have a quick cash solution is to avail of the Title Loans Largo, FL for the same day money loan on the title of your car.

The Title Loans Largo, FL website offers you a form to fill up where you can check out the worth of your car for you to be able to calculate how much you will be getting as your loan. Or you may simply check out their location and contact number below and pay them a visit or call for further inquiries.

Title Loans San Antonio
8000 West Interstate 10 #600
San Antonio, TX 78230
(210) 338-8480
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Car Title Loans

9 / 9 / 12

There are times that we all do come to a point were we badly need extra money. In trying times like this,  one can always avail of the Car Title Loans Corpus Christi and enjoy the benefits out of the things that it offers.

The Car Title Loans Corpus Christi offers a quick and easy way of getting fast cash using the value of your vehicle. This has been proven to be helpful by many people and can attest to the reliability and not so stressful way of availing a loan without going through the hassle of credit check.

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Personal Loans After Bankruptcy – What are the Odds?

5 / 5 / 12

Just because you file for bankruptcy does not mean that your life is over. There is hope for rebuilding your credit and getting back into a secure, fruitful financial position. Remember, you didn’t get into financial trouble overnight, and the problem won’t go away instantly, either. Commit to making sound financial decisions from here on out, and begin to establish better ways to manage your money. Wait six months to one year after your bankruptcy discharge before you seek a personal loan that will help rebuild your credit.

Credit Trap, Predatory Lending, Man Caught

Image Courtesy of Leo Blanchette via Flickr.

Get Your Credit Reports

There are three major credit bureaus that keep track of reports submitted by creditors on their debtors. Start your quest for a loan by requesting your credit report from each of these companies. Go over it thoroughly. If there is any false or incorrect information on the report, follow the company’s procedures for contesting it. These companies have a reputation for accuracy, and will usually work with you to make sure your report is correct. Once you are aware of your credit score, you can begin to work towards getting a personal loan.

What is Your Current Debt?

If you have not yet filed  now may be the time. If your current debt is too high, there is no way to get a personal loan. However, if you have erased your debt through bankruptcy, you have a clean slate to start from. This is an important rebuilding time, so make sure you only take out lines of credit you can repay. Use the money for things of value, such as home improvements and capital investments. Avoid using credit for weekend shopping trips, vacations and other frivolous things.

High Interest Versus Collateral

When you apply for a personal loan following bankruptcy, you’ll likely face one of two things: the lender will either charge a high interest rate or demand that you put up collateral to cover the loan. Make sure that you will be able to make the monthly payments and that the loan is worth what it costs in terms of interest. Remember, any property or money you put up as collateral for a loan will be lost in the event that you don’t pay back the loan.

The Bottom Line

It is possible to get personal loans after a discharge from bankruptcy, but you’re on a different playing field than you were before. As soon as you reestablish your ability and willingness to repay your debts, your credit scores will go up and your ability to obtain credit in the future gets much better.

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