The SSS Educational Loan

The SSS-Public Affairs and Special Events Division gave me this copy of the Educational Loan poster herein duly posted for your  perusal  and information.

*** changes ***
Effective 5 April there have been changes to the poster below, i saw the official orders only copy only yesterday, 16 April 2012.  The changes are:

Required Number of Contributions:
At least 12 posted monthly contributions, with at least 1 monthly contribution within the last  3 months prior to the date of loan application, instead of as below requiring at least 36 posted and 3 monthly contributions within the 12 month period.  Also, in the relaxed rules, SSS allows members  the pay the missing 1 contribution and to present proof of payment to qualify.  Very easy terms.

as a comment, i hope members who avail of this loan remember to pay the SSS at some point so that others may be able to also avail of similar benefits in the future

Required Monthly Salary:
Maximum salary is now 25,000 instead of 15,000 and member must provide proof of salary thru payslip of pay envelop.

Maximum Loanable Amount
Has increased to 20,000 as against 15,000 in the poster below; and 10,000 as against 7,500 below.