Can I avail SSS calamity loan with existing salary loan?

Can I avail SSS salary loan and calamity loan at the same time?

The calamity loan assistance is separate from the regular salary loan. Members with outstanding salary loans in SSS can still avail of the calamity loan.

Can I avail calamity loan with existing salary loan?

A member can have an existing Pag-IBIG Fund MPL and still apply for Calamity Loan, as long as the member is updated with the payment of monthly contributions prior to the enhanced community quarantine done on 16 March 2020.

Can I renew my SSS salary loan if I have existing calamity loan?

You can renew your loan once you have paid a total of Php10,000 and after the 12th month from your previous loan’s approval. Based on the post on SSS , in renewing an SSS member loan, the balance on the previous loan is deducted and the proceeds should be any amount higher than zero.

Can I apply for SSS loan with existing loan?

Can I apply for another loan from SSS with an existing loan? A. You can only apply for another salary loan when you have paid at least 50% of the principal or at least half of the term has lapsed. … Your outstanding balance will be deducted from your new loan amount.

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Is calamity loan still available in SSS 2021?

The deadline for the application for the calamity loan or CLAP is until February 26, 2021. Also, there is a Direct House Repair and Improvement Loan for qualified members, which will be open for one year from the issuance of its corresponding circular.

How many days does SSS salary loan Release 2021?

The loan proceeds shall be available to member-borrower’s account within three (3) to five (5) working days from approval date of the loan. The salary loan proceed is accessible through any Megalink, Bancnet and Expressnet Automated Machines.

Can I loan in Pag-IBIG with existing salary loan?

If with existing MPL and/or Calamity Loan, the account/s must not be in default as of date of application; and 5. Submission of sufficient proof of income. A qualified Pag-IBIG member shall be allowed to borrow an amount based on the lowest of the following: desired loan amount, loan entitlement, capacity-to-pay.

How can I check my salary loan in SSS 2020?

How to Check SSS Loan Balance Online 2021

  1. Step 1: Go to , then member login to view check your loans info. Type in your membership login details. …
  2. Step 2: Hover your mouse to the “Inquiry” tab. …
  3. Step 3: Hover your mouse to “Loans Info” tab.

What happens to unpaid SSS loan?

Any unpaid SSS loan will be deducted from your retirement, death, or disability benefits. The deduction will be huge if you’ve stopped making loan payments for many years. … Availing of the LRP also enables you to clear your loan records with the SSS.

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Can I pay my SSS salary loan in advance?

Yes. To pay your SSS loan in advance, simply follow the same instructions in the previous section. You can either pay the outstanding balance in full or just enter the amount you can afford. Save the changes and then pay the indicated amount using the same PRN.

How can I follow up my SSS salary loan?

Another way to check the SSS loan status is by doing it over the phone. The SSS hotline is 1455 at 1-800-10-2255777 toll-free.

Can I loan in SSS if unemployed?

The SSS Unemployment Insurance or benefit is not a loan. It is financial assistance that you can claim if you are eligible. There will be no need to repay anything. However, it is only for a maximum of two months.