So, you're a swashbucklin' SSS voluntary member, eh? Need some cash to, you know,
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| How To Loan In Sss Voluntary Member |
buy a treasure map or something
? ️Fear not, matey! The Social Security System (SSS) has got your back, even if you're sailing the high seas of self-employment. But before you start dreamin' of buried gold, let's navigate the waters of getting an SSS loan as a voluntary member.
First things first: Are you eligible?
QuickTip: Treat each section as a mini-guide.
- You gotta be a paying SSS member for at least 36 months, with 6 of those payments in the last year.
- Not a criminal mastermind (they frown on that at SSS). ♀️
- Under 65 years old (although, with that spirit, you probably don't look a day over 30!).
- No outstanding SSS loans or final benefits claimed ( gotta keep your credit score squeaky clean with SSS).
Okay, you're pre-approved! Now, let's get down to business:
1. Choose your weapon: You can either apply online through your My.SSS account or visit your nearest SSS branch in person.
Tip: Stop when confused — clarity comes with patience.
2. Gear up: You'll need some documents like your valid ID, proof of income (if applicable), and your SSS number (because duh!).
QuickTip: Stop scrolling fast, start reading slow.
3. Battle plan:
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- One-month loan: Requires 36 monthly contributions, with 6 in the last year. Loan amount is the average of your last 12 monthly contributions, or the amount you applied for, whichever is lower.
- Two-month loan: Arr! This one needs 72 contributions, with 6 in the last year. Loan amount is twice the average of your last 12 contributions, rounded up, or the amount you applied for, whichever is lower.
4. The final duel: Once you submit your application, SSS will review it and let you know their decision within 5 working days.
Tip: The middle often holds the main point.
5. Victory! If approved, you'll receive the loan amount through your UMID ATM card or chosen bank account.
Remember, matey:
- There's a 10% interest rate on the loan, so borrow responsibly. Don't go spending it all on parrots and peg legs!
- You have 24 months to repay the loan, so make sure you have a treasure chest full of cash to avoid any penalties.
And there you have it! With a little preparation and a dash of pirate spirit, you can conquer the SSS loan system and secure your financial booty. Now, go forth and explore the world, but remember, always contribute to your SSS so you can keep the good times rollin' in the future! ☠️
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