Refer to this table to see how your sss contributions are calculated. More commonly called as sss , it is a social insurance giant in the philippines. Not sure how many months of contributions you have to loan from sss? 8293 3628 or 5310 1743. Hope id help you guys💙💙💙
Generally speaking, your sss contribution is 11% of your monthly salary credit.
Finally, the sss improved its salary loan program! If you are remitting ₱1,100 sss contribution for the past 3 years , your maximum loanable amount is ₱10,000. If the mortgagor fails to pay at least six (6) monthly amortizations, the sss may immediately foreclose the mortgaged property. Also, the sss uses the total number and total amount of paid contributions as the basis for granting and computing a member's benefit. The salary loan submitted online by an employed member will be directed to the employer's my.sss account for certification, hence, the employer should also have a sss web account. How to compute sss pension. According to the official social security system (sss) website, the first deduction from their salaries shall start on the second month following the date of loan. If you are applying for loan this july 2019, you should have at least 6 month contribution within july 2018 to june 2019. The sum of p300 plus 20 percent of the average monthly salary credit plus two percent of the average monthly salary credit for each credited year of service (cys) in excess of ten years; It's important that we remember this so we don't take our sss loan lightly, and so that we don't borrow just to buy things we don't really need. The actual loan value shall be computed based on the average monthly salary of the member over the last 12 months of employment. The social security system (sss) deduction can be set up in 2 ways: Not sure how many months of contributions you have to loan from sss?
To learn more about blend's alternative to sss salary loans, contact these numbers directly during office hours: The sss salary loan interest rate is not as cheap as we think. Since many have been trying to ask us regarding details on when is the actual start date of salary deduction after receiving the cheque / check for the sss salary loan, we decided to post it here via a short discussion. This is equivalent to twice the average of your latest posted 12 mscs, rounded up to the next higher monthly salary credit or amount applied for, whichever is lower. The deduction will then be computed in a split type payment that follows the sss contribution table
To learn more about blend's alternative to sss salary loans, contact these numbers directly during office hours:
Social security system terms and conditions for salary loan (ssc res. But take note that of the 11% monthly contribution, only 3.63% is deducted from your monthly salary. An interest rate of 10% will be charged every month to the outstanding balance, until the loan is paid in full. According to the official social security system (sss) website, the first deduction from their salaries shall start on the second month following the date of loan. The sss uses a table to determine the amount that should be deducted. For example, if you are receiving php 15,000.00 monthly, you can borrow up to php 15,000.00 from the sss. In my case shown in the screenshot above, you can see that i have an amount due of p4,658.24. The sss salary loan interest rate is not as cheap as we think. That means, that's the remaining balance of your sss salary loan. The sum of p300, add 20% of your average monthly salary credit (amsc), then add 2% for each credited year of service (cys) in excess of ten years plus p1,000. How to compute sss pension. The salary loan submitted online by an employed member will be directed to the employer's my.sss account for certification, hence, the employer should also have a sss web account. It's important that we remember this so we don't take our sss loan lightly, and so that we don't borrow just to buy things we don't really need.
1 month salary loan example: Your total month of contribution should be at least 36 if you are applying for 1 month salary loan and 72 month if you are applying for 2 month salary loan. The actual loan value shall be computed based on the average monthly salary of the member over the last 12 months of employment. The payment starts on the 2nd month following the date of loan. According to the official social security system (sss) website, the first deduction from their salaries shall start on the second month following the date of loan.
Most probably, there is that curiosity at the back of your mind on how to compute the sss sickness benefit you may receive from social security system.
Finally, the sss improved its salary loan program! But you should have at least 72 months of posted contributions and 6 months of contributions in the last twelve months. The sss salary loan is payable within 2 years or in 24 monthly installments. The sss salary loan interest rate is not as cheap as we think. 8293 3628 or 5310 1743. Since many have been trying to ask us regarding details on when is the actual start date of salary deduction after receiving the cheque / check for the sss salary loan, we decided to post it here via a short discussion. Using the per payroll (calculated monthly) in using this payment, the system will be based on the employee's half month salary either using base or gross pay. One of those government agencies that offers salary loans is the social security system. If the mortgagor fails to pay at least six (6) monthly amortizations, the sss may immediately foreclose the mortgaged property. Your total month of contribution should be at least 36 if you are applying for 1 month salary loan and 72 month if you are applying for 2 month salary loan. The deduction will then be computed in a split type payment that follows the sss contribution table To qualify for an sss benefit or loan, members must meet these requirements: Sss sickness benefit is truly a life saver especially when you are one of the workers who depends only on daily or monthly salary to meet the basic needs.
How To Compute Sss Salary Loan / How To Apply For Sss Salary Loan 2019 Sss Answers : But take note that of the 11% monthly contribution, only 3.63% is deducted from your monthly salary.. Generally speaking, your sss contribution is 11% of your monthly salary credit. More commonly called as sss , it is a social insurance giant in the philippines. By looking at this, you can easily figure out how much is your sss salary loan balance. Your employer shoulders the remaining 7.37%. Thankyou for watching and supporting.