Having past due loans and accumulated penalties will affect the total amount you receive from SSS benefits when you need them.
Take advantage of this penalty condonation program to settle your delinquent loans.
Benefits of the SSS Conso Loan
- Upon full payment, all penalties will be condoned/waived
- Extended repayment terms
- No service fee
- Easy application process
- Restoration of good standing status with SSS
Eligibility requirements
All member-borrowers with past due SSS Short-Term Member Loan (STML) account/s at the time of the SSS Consolidated Loan (SSS CONSO LOAN) application filing are eligible. The covered STML loans are the following:
- Salary Loan, including Salary Loan Early Renewal Program (SLERP)
- Calamity Loan
- Emergency Loan
- Restructured Loan
Note: Other STMLs may be included, as determined by the SSS.
Past due means that the loan has an unpaid obligation consisting of principal, interest, and penalties equivalent to more than three (3) monthly amortizations, or the loan has remaining unpaid balance after its maturity.
Additional requirements:
- Member-borrowers who have not received any final benefits, such as permanent total disability or retirement.
- Member-borrowers who have not been disqualified due to fraud committed against the SSS.
- Member-borrowers with active My.SSS accounts.
Other program details
Loan Consolidation Process, Payment Options and Penalty Condonation, Interest Rate and Penalties, Loan Default and Consequences, Loan Renewal Policy, and Application Process were listed as sections/tabs on the source page, but their detailed content was not visible in the captured text and screenshot.
Contact SSS
- Address
- SSS Building East Avenue, Diliman, Quezon City, Philippines
- Hotline
- SSS Hotline: 1455