
PHOTO BY Shutterstock

Trending in Summit Network
Budgeting and financial planning is a must for parents and the ideal scenario is to always set aside money monthly for expenses and savings. But sometimes, unexpected events happen that can mess up our budget and would require us to get a backup through a loan.
Aside from its benefits program, Social Security System (SSS) has been offering short-term loans to help its members during financial emergencies. Among its loan programs are:
If you availed of one of the loan programs mentioned above and weren't able to pay on time, SSS has good news for you!
From November 15, 2021, to February 14, 2022, the state-run pension fund is offering the Short-Term Loan Restructuring and Penalty Condonation Program (STMLPCP). Under this program, member-borrowers can pay their unpaid loans, penalty-free!
It's part of the agency's initiative to help Filipinos hit by the economic impact of the COVID-19 pandemic.
“We continue to respond to the needs of our members who were greatly affected during this pandemic.
Through the STMLPCP, SSS offers conditional loan condonation by waiving their accumulated penalties once their loan principal and interest are fully paid,” SSS President and Chief Executive Officer Aurora C. Ignacio said.
Member-borrowers can apply for the condonation program online using their My.SSS accounts and must meet the following requirements:
For guidelines on the loan payment and interest terms, you can read the full SSS circular here.
Know more about the various loan programs SSS is offering to its active members and pensioners here.
We use cookies to ensure you get the best experience on SmartParenting.com.ph. By continued use, you agree to our privacy policy and accept our use of such cookies. Find out more here.
Step 1:
Open the email in your inbox.
Step 2:
Click on the link in the email.
Step 3:
Continue to reset your password on Smartparenting.com.ph.