Maximum Loan Amount In Sss

Autor: Brian 18-03-21 Views: 1329 Comments: 160 category: Articles

For example, if you are receiving Php 15, every month, your maximum loanable amount under this loan offer is twice your monthly salary or Php 30, Do you have an existing loan with SSS? In case you do, here is a guide on how much you can get instead – SSS Salary Loan – How Much Cash You Can Borrow If You Have Existing amount A one-month salary loan is equivalent to the average of the member-borrower's latest posted 12 Monthly Salary Credits (MSCs), or amount applied for, whichever is lower. A two-month salary loan is equivalent to twice the average of the member-borrower's latest posted 12 MSCs, rounded to the next higher monthly salary credit, or amount applied for, whichever is ;· It is because in the SSS Contribution Table, the amount ₱1,100 contribution is equivalent to ₱10,000 Monthly Salary Credit. However, if you have been paying ₱1,760 in the past 3 years, your maximum SSS salary loan is ₱16,000. This is the ceiling amount or …Loanable Amount. The maximum loanable amount is P1,000, Appraised value of collateral of at least 70% but not to exceed 90%; Borrower's capacity to pay; and. Actual need of the borrower based on the contract to sell/scope of work and bill of materials evaluated by the SSS. Interest to SSS, to avail a one-month loan, the applicant must have posted at least 36 monthly contributions prior to the month of application. With regards to the two-month loan, the applicant should have contributed at least 72 monthly contributions prior to the month of SSS Salary Loan - Useful WallSSS Salary Loan Online Application 2020 (with Screenshots Maximum SSS Salary Loan - Useful WallSSS maximum salary loan | Inquirer OpinionSSS members with at least 36 monthly contributions are eligible for the one-month salary loan of up to P15,000. The loanable amount is based on the member’s monthly salary credit (MSC), which is currently at a maximum of P15, ;· Using our example above, if a member paying at the minimum is entitled to a two-month salary loan, his/her loan will then be P2,000; if member is paying at the maximum, his/her two-month loan will amount to P32,000. The maximum loanable amount is P32,000. A member can apply for a loan for as many times as he/she wants, as long as he/she is 2/5/2018 · SSS imposes an annual interest rate ranging from 8% to 11% depending on the loan amount. The higher the loan amount, the higher the interest rate. 8% – up to PHP 450,000 9% – over PHP 450,000 up to PHP 1 million4/23/2020 · The maximum loan amount is twice (2x) the average of the past 12 Monthly Salary Credits. Brief Example: If you are consistently posting ₱1,760 monthly contribution for the past 36 months, this means that your Monthly Salary Credit is equivalent to ₱16,000. This is the maximum amount you may apply for a salary loan.

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