Renewal Guide for SSS Pension Loan Online | guideph.com

Given that the nation has been facing a worldwide pandemic (Covid-19) for almost 2 years currently, the government still applies stringent health methods. A lot of Filipinos are not allowed to go outside for unnecessary factors.

For that reason, on the internet deal is currently the utilized way of negotiating a service. It is much easier, convenient, and also safer contrasted to over the counter purchases. Many applicants or transactors likewise like doing their Business online because it's faster and much less trouble.

Renewal Guide for SSS Pension Finance Online

Among the government offices that administers on-line solutions is the Social Security System (SSS). SSS likewise follows stringent wellness methods and also reduces the variety of guests by executing online services.

Such solutions are vital as well as will genuinely aid Filipino individuals to transact their businesses successfully. If you have a deal to make with the SSS, you can examine the different programs in the SSS portal offered on the SSS site (www.sss.gov.ph). But it is important to keep in mind that before you can make a purchase with SSS online, you first need to have an account at My.SSS.

Moreover, the Pension Loan Program (PLP) was recently included in the SSS portal last September 2020. This will certainly aid those that want to renew their pension loan online for a convenient as well as more secure purchase.

This program offers a service to the troubles of many senior citizens in the nation, where they pawn their bank card as collateral for short-term loans.

The persons who are qualified to renew their SSS pension loan online are:

  • SSS retiree-pensioner that has My.SSS account on SSS internet site;
  • 85 years old below at the end of the month of their car loan term;
  • No reduction on their month-to-month pension or existing breakthrough pension under the SSS Calamity Loan Assistance Package; and
  • Consistently obtaining a monthly pension, and also the standing of pension plan is "active."

The certified pension plan loan candidates can use an optimum loan amount of 200,000 pesos which you can pay within 6, 12, or 24 months with a 10% rates of interest yearly.

Additionally, the retiree-pensioners under the portability regulation and also the treatment and also safekeeping of their guardians are omitted from the Pension Financing Program (PLP). In addition, the applicant who will certainly use this online system need to have a My.SSS account on the SSS website (www.sss.gov.ph.

Guide on How to Renew the Pension Loan Online


Below are the steps on exactly how to renew your pension loan online:

  1. Log in to your My.SSS account
  2. Click the E-Service Tab and choose the Look for Pension Loan
  3. Select the chosen pension plan funding quantity from the displayed calculations.
  4. Click the Submit switch under the chosen calculation.
  5. Check all the application details, then click the tiny box on the reduced right part of the Recognition, Permission, as well as Contract box screen. By clicking package, you agreed on the Pension Finance Amount suggested on the Disclosure Declaration, on the Regular Monthly Amortization Deduction from your pension plan, and also the Conditions of the Pension Finance Program.
  6. Click the Disclosure Statement, then download and install and also publish a copy of it.
  7. Shut the Disclosure Statement web page to turn on the Submit Pension plan Car loan button. Click the Submit Pension plan Finance button.
  8. After using, you will certainly get a notification that the application succeeded.
  9. Await the verification e-mail to your signed up e-mail address containing the details about your Pension Finance Application.

You will get your loan profits within 5 working days through your Interest-bearing accounts, with the following order of priority:

  • Valid SSS UMID Card enlisted as an ATM Card;
  • Valid UBP QuickCard with savings account signed up to the SSS;
  • Valid Pension Plan Interest-bearing Accounts to PESONet-participating bank enrolled at SSS (this will only apply after applying the PESONet settlement facility for the Pension Loan Program)

According to the CEO and SSS President, Aurora C. Ignacio, the Pension  Loan Program (PLP) is still establishing, and just revivals of pension plan fundings are available online. Yet, the SSS is in the process of consisting of Philippine Electronic Fund Transfer Systema and also Procedures Network (PESONet) taking part financial institutions as disbursement channels to ensure that the qualified retiree-pensioners can easily make use of the program.

The SSS likewise advises the pensioners who get their pension plan through cheque and also the newbie pension finance applicants to obtain their pension lending in a close-by SSS branch. Nonetheless, it is necessary to comply with the minimum public health methods such as wearing a facemask and face guard and also social distancing when transacting in any kind of SSS branches or offices.

A lot of deals are on-line, so it is vital to be updated continuously. Though some workplaces accommodate very little guests, they must adhere to the minimum public health standards set by the government.

For additional details, comply with SSS on their social media accounts.

Facebook and Youtube: Philippine Social Security System.

Instagram: mysssph

Twitter: PHLSSS

Viber Community: MYSSSPH Updates

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