SSS maximum salary loan

This is to correct the salary loan amounts Social Security System members may take (“SSS extends loans to Yolanda victims,” Business, 11/12/13).

SSS members with at least 36 monthly contributions are eligible for the one-month salary loan of up to P15,000. The loanable amount is based on the member’s monthly salary credit (MSC), which is currently at a maximum of P15,000.

Members with at least 72 monthly contributions, on the other hand, can apply for a two-month salary loan equivalent to twice of their MSC. Since the highest MSC is P15,000, this would be a maximum loanable amount of P30,000.

—MARISSU G. BUGANTE,

vice president,

Public Affairs and Special Events Division,

Social Security System