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.
Article continues after this advertisement—MARISSU G. BUGANTE,
FEATURED STORIES
OPINION
OPINION
vice president,
Public Affairs and Special Events Division,
Article continues after this advertisementSocial Security System
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