SSS

CONDONATION
What is Condonation Program
It allows Filipinos with unpaid SSS loans to settle their
outstanding balance under a restructured repayment
term.

program coverage
1. Salary Loan including Salary Loan Early Renewal
Program
2. Calamity Loan
3. Emergency loan
4. Restructured Loan

eligibility requirements
With Loan account that is/are past due as of the time
of consolidation loan application.
Has not been granted any final benefits, permanent
total disability, or retirement.
Has not been granted disqualified due to fraud
committed against the SSS and.
With active My SSS account.
SSS
CONDONATION
benefits
Member with past due loans to help them regain their
good standing with SSS;
Avail of SSS loans.

What will happen if I don't

pay my SSS loan:
In case of default, the arrearages/unpaid loan shall
be deducted from the member's future long-term
benefit claim (e.g. Retirement, total disability &
death).
The loan can be renewed after payment of at least
fifty percent (50%) of the original loan amount and at
least fifty percent (50%) of the loan term has lapsed.

PAYMENT TERMS
Onetime payment:
Full payment of consolidated loan within thirty (30)
calendar days from receipt of the notice of approval
of the Consolidated Loan program Application.
Consolidated Loan Amount of up to Five Thousand
Pesos (Php. 5,000.00) shall be for One Time Payment
only.
SSS
CONDONATION
payment terms:
Installment Plan:
A downpayment of at least ten percent (10%) of
consolidated loan amount within thirty (30) calendar days
from receipt of the notice of approval of consolidation loan
program. However, a higher percentage of the
Consolidated Loan may be elected as downpayment.
The remaining balance shall be payable in equal monthly
amortization based on loan range below:

The member may pay earlier than the Maximum Term by

choosing a shorter payment term specified by the system or
may choose to pay in full at any given time during the
installment period.
SSS
CONDONATION
Process to Avail
SSS Condonation:
File online application: My SSS Account.
Process Downpayment at the nearest SSS Branch.
For the Second Payment and so on. Salary
deduction, for those employed.

For questions or assistance, contact

Ms. Nikka at this number:
09273472137