How can I pay off my SSS salary loan?

So, you want to know How can I pay off my SSS salary loan?

The monthly amortization shall start on 2nd month following the date of loan, which is due on or before the payment deadline, as follows: Payment shall be made at any SSS branch with tellering facility, SSS-accredited bank or SSS-authorized payment center.

Can I pay my SSS loan without PRN number?

This could take a while before you get your PRN, and as mentioned earlier, you can’t pay your SSS contribution or loan without that.

Where can I pay SSS loan using PRN?

Get your SSS Loan Payment Reference Number (PRN): Then simply present the PRN to the Tellering Counters or compliant collecting partners upon payment. Thru your My. SSS in the SSS Website (Step by Step instruction below) SSS Branches thru Self service Express Terminal, E-Centers or Over the counter.

What will happen if I can’t pay my SSS salary loan?

Default in Payment of Amortization Any unpaid loan amortization shall bear a penalty of 1.5% for every month of delay. If the mortgagor fails to pay at least six (6) monthly amortizations, the SSS may immediately foreclose the mortgaged property.

How can I pay off my SSS salary loan Related Questions

How do I pay my SSS loan online?

Register for an online account through the mobile app or website, then log in. Go to “Bills” and select “SSS.” Type in your personal information, including the PRN. Enter your username and password again to submit your contributions.

Can I fully paid my SSS salary loan?

Payment shall be made at any SSS branch office with payment facility, SSS-accredited bank, or SSS-authorized payment center. 1. The loan shall be charged an interest rate of 10% per annum until fully paid, computed on a diminishing principal balance, and shall be amortized over a period of 24 months.

How do I get PRN for salary loan?

The PRN for employers is generated after confirmation of the electronic Contributions Collection List/e-CL. For members’ confirmation, it is the Statement of Account/SOA. SSS makes a few exceptions for some members, allowing them to go to the nearest SSS office to pay their contributions without a PRN.

Is SSS PRN the same?

The SSS PRN is a unique series of number which you will present/encode in the SSS Payment Partners (like Bayad Center, Gcash, Paymaya, Banks). You will need to generate a new Payment Reference Number every time you will pay your SSS Contribution either monthly or quarterly.

Can I pay previous months in SSS?

Self-employed and voluntary members may pay their monthly contributions prospectively or in advance, but never retroactively to cover month/s when no contribution payments were remitted.

Does Bayad Center accept SSS loan payment?

If you are an OFW or a seafarer, you can pay your SSS Loan using your Payment Reference Number (PRN). What is PRN in SSS? This is a 13-digit code that is printed on your SSS payment advice. You can use this to make a one-time payment of your SSS Loan via bayad center app.

How can I pay my SSS online with PRN number?

STEP 4: Choose PRN as account type. STEP 7: Choose your Payor Type. STEP 8: Input your Email Address. STEP 9: Tap Next. STEP 10: Review your payment details then tap Confirm. STEP 11: You will receive an in-app receipt, SMS, and Email that confirms a successful transaction.

Where can I pay my SSS loan real time?

You can now pay your SSS contributions and loan repayments online! The first multi-bank payment gateway where you can transact in a secure, real time environment using your BancNet ATM card. UnionBank is a partnership among the Aboitiz Group, Insular Life and Social Security System.

What is the grace period in SSS salary loan?

The interest rate of the loan shall be the prevailing fixed rate. The loan shall be payable quarterly, semi-annually or annually and shall have a minimum term of five (5) years up to fifteen (15) years inclusive of a maximum five (5) years grace period on principal payment.

How long is the grace period for SSS loan payment?

TERM OF THE LOAN The loan shall be payable monthly, quarterly, semi-annually or annually based on the PFI’s approved amortization schedule and shall have a maximum term of fifteen (15) years with a three (3) year grace period on principal payment.

How do I know if my SSS salary loan is paid?

Step 1: Visit the SSS website and log into your account. Step 2: Once logged in, hover over the “INQUIRY” tab and then click on “Loan Info”.

How can I claim my SSS loan through GCash?

You can enroll your GCash account to receive your benefits by logging in to your My. SSS account at the SSS portal (www.sss.gov.ph). What supporting document do I need to upload as part of the enrollment process on SSS’s website? SSS requires a screenshot of your GCash account name and GCash-registered account number.

What is prn means in SSS?

Real-Time Processing of Loans (RTPL) payment channels. Pay your outstanding SSS loan balance the Real-Time Processing of Loans (RTPL) way! Settle loan payments using the SSS-generated Payment Reference Number (PRN) and have them posted in your SSS records instantly.

How much is the monthly payment for SSS loan?

Equivalent to the borrower’s 12-months worth of contribution. 1% per month until the loan is fully paid for a loan not remitted on the due date.

What is the interest rate of SSS loan?

üëâ SSS Loan Interest Rates The SSS charges an interest rate of 10% per annum; this is lower compared to what Pag-IBIG offers.

What bank account is accepted for SSS salary loan?

The SSS disburses salary loan proceeds only to the member’s SSS-issued UnionBank Quick Card or enrolled disbursement bank account.