What is a salary loan? Who may qualify for a salary loan?

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How much is the loanable amount? How long will it take the member to pay back the loan? How much is the interest charged on a salary loan? In case a loan is not paid, how much is the delinquency interest? Is there a service fee? When can a member renew a salary loan with the SSS? How does a member pay back the loan? What are the obligations of the employer to the SSS? In case of transfer, separation, or resignation, how can a borrower pay back the loan? In case of member-borrower’s death, total disability or retirement, what happens to the unpaid loan? What are the papers/documents needed for filing a salary loan? Where can a borrower file the salary loan application? NOTE:

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