Filing for an SSS Salary Loan Made Easy for OFW’s

Even though they should consider themselves blessed and fortunate enough to have a sturdy job and steady source of income that are necessary to support their family, there are still instances when OFW’s find themselves financially compromised and strapped for extra cash. But there is good news because as long as they voluntarily make contributions every month (either through accredited money transfer agencies or by asking someone trustworthy in the Philippines to make the contributions on their behalf) for at least 36 months, they can apply for an SSS salary loan.

Here are the step-by-step procedure and requirements that are necessary to get your loan application approved as soon as possible.

1. Fill up a Membership Loan Application form that can be downloaded from the SSS website or procured from any SSS branch
2. Provide an SSS identification card. If you do not have one, get an E-6 form and apply for one immediately.
3. Provide two valid, government-issued identification cards

For OFW’s who are not available to personally apply for the salary loan because they are currently stationed abroad, they can ask a representative to file the application for them. The said authorized representative should bring:



1. The borrower’s Member Loan Application form
2. The borrower’s SSS card as well as two supplementary identification cards with recent photos and affixed signature
3. Two valid ID’s of the authorized representative himself/herself
4. Authorization letter duly signed by the SSS member-borrower and co-signed by the authorized representative

ANY QUESTION?
How can an OFW get in Touch with an SSS Officer if they are in ABROAD?

The loan can be personally filed by the OFW at the nearest SSS Representative Office in the country where he or she is stationed. If the said office is nonexistent, the application form, supporting documents and other attachments can be sent to the Philippines for filing at any local branch. Furthermore, it is important to note that any documents from foreign countries should be authenticated and verified by an authorized representative of the Philippine Embassy or Consulate.

When the loan is finally approved and granted to the borrower with a 1% service fee charged and deducted from the proceeds, they can pay the loan in 24 monthly installments and this will start one month after the approval and release of the said loan with an interest rate of 10% annually. In case of failure to make a monthly payment in time, a 1% penalty charge will reflect on their account.