How to Apply for SSS Salary Loan with an Existing Loan

Last Updated on 07/07/2020 by FilipiKnow

Under the new guidelines by the SSS, member-borrowers can now renew their SSS salary loan provided that they have paid at least 50% of the original principal amount and at least 12 months or 50% of the loan term has lapsed.

Proceeds of the renewal loan can be greater than or equal to zero, provided that the outstanding balance of the previous salary loan has been deducted from the new loan.

Go back to the main article: How to Apply for SSS Salary Loan Online: An Ultimate Guide