
SSS rolls out LoanLite microloan of up to P20,000
The Social Security System has launched a new digital microloan facility allowing qualified members to borrow from P1,000 to P20,000 for short-term financial needs.In a press release, SSS President and Chief Executive Officer Robert Joseph de Claro said the SSS Micro Loan Program, also called SSS LoanLite, is available to employed, self-employed, voluntary and overseas Filipino worker members who meet the eligibility requirements.Members must have at least 12 posted monthly contributions to qualify.The loanable amount depends on the average of the member’s 12 latest Monthly Salary Credits, or MSCs.De Claro said repayment terms are available for 15, 30, 60 or 90 days, with an interest rate of 8 percent per year, equivalent to about 0.67 percent per month.Members with at ...








