SSS Salary Loan Application Online Guide: Everything You Need to Know

Applying for an SSS Salary Loan can be a daunting process, but with our comprehensive guide, you will have all the information you need to navigate the system with ease. This guide covers everything from eligibility requirements to the step-by-step application process, ensuring you can secure your loan efficiently.

Understanding the SSS Salary Loan

The Social Security System (SSS) in the Philippines offers salary loans to its members, providing financial assistance that can be repaid through easy installments. This loan is designed to help members cover short-term financial needs.

Eligibility Requirements

Before applying for an SSS Salary Loan, ensure you meet the following requirements:

Step-by-Step Guide to Applying for an SSS Salary Loan Online

Step 1: Log In to Your My.SSS Account

  1. Visit the SSS website and log in to your My.SSS account using your credentials.
  2. If you do not have an account, register for one by following the on-screen instructions.

Step 2: Navigate to the Loan Application Page

  1. Once logged in, go to the “E-Services” tab.
  2. Select “Apply for Salary Loan” from the dropdown menu.

Step 3: Fill Out the Loan Application Form

  1. Complete the online application form with accurate information.
  2. Ensure all fields are filled out correctly to avoid processing delays.

Step 4: Submit Your Application

  1. Review the information you provided.
  2. Click “Submit” to send your application to SSS for processing.

Step 5: Monitor Your Application Status

  1. Regularly check your My.SSS account for updates on your loan application.
  2. SSS will notify you via email or SMS once your loan is approved.

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Step 6: Loan Disbursement

  1. Approved loans are disbursed to your chosen bank account or through the preferred disbursement method.
  2. Ensure your bank details are updated and accurate in your My.SSS account.

Repayment of SSS Salary Loan

Repaying your SSS Salary Loan is straightforward. The loan is payable in 24 monthly installments and will be deducted from your salary. You can also choose to make over-the-counter payments at SSS-accredited payment centers.

Frequently Asked Questions (FAQs)

What Is the Maximum Loanable Amount?

The maximum loanable amount depends on your average monthly salary credit and the number of contributions. Generally, you can borrow up to twice your average monthly salary credit.

How Long Does the Application Process Take?

The application process usually takes around 5 to 10 working days. However, this may vary depending on the volume of applications and other factors.

Can I Apply for Another Loan If I Have an Existing SSS Loan?

You must settle any existing SSS loans before applying for a new one. Ensure all previous loans are fully paid to avoid application rejection.

Conclusion

Applying for an SSS Salary Loan online is a straightforward process if you follow the steps outlined in this guide. By ensuring you meet all the requirements and accurately completing your application, you can secure the financial assistance you need with ease.

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Comprehensive Attendance Management

Create and update custom shift schedules for each employee. With GreatDay HR, you can generate a separate shift schedule for each employee and implement them with just a few taps.

Even better, site administrators and employees can streamline the process by sending service change requests directly to their managers for approval.

Manage your employee attendance with ease through features such as Facial Recognition, Geotagged Attendance, Attendance Correction Requests, Shift Scheduling, and even Biometrics and Payroll Integration.

Automated Payroll Module

We believe that payroll periods should no longer be a chore. Easy to implement for every employee, GreatDay HR simplifies your existing payroll process with automated payroll calculations. This ensures employees are always paid on time regardless of cut-off periods.

Electronic Payslips

With mobile electronic payslips, teams can see their salary details when they need it whenever, whereverThis feature comes with password protection, automatic payslip delivery, and access to all salary components, so you don’t have to worry about delays and privacy anymore!

Leave and Overtime Requests

Manual leave request forms can cause administrative hassles with an unnecessarily complicated approval process. GreatdayHR makes processing faster and easier because employees can submit leave requests with just a few clicks and get approvals just as quickly!

GreatDay HR also gives employees more autonomy by allowing them to request overtime right in the application! You can also create custom overtime types and let your team members work overtime with just a few clicks.

These are integrated in the Payroll module making sure that Payroll runs will never be a hassle anymore.

Employee Activity Recording

Monitor your employees’ activities and assess their performance by having a look at their activity records. All your team needs to do is take a picture of what they are currently doing based on the tasks given, and our activity recording feature gives you real-time, accurate location data for proper verification.

This conveniently comes with Geotagging, Real-time Records, as well as Adjustable Shift Schedules

GreatDay HR’s easy-to-use UI also allows employees to send complete reports with accompanying images and activity notes.

Operation Control

Keeping a business running smoothly can be daunting, especially if you have a lot of departments or employees to manage. With GreatDay HR, all your management needs are stored in one integrated application for better control.

GreatDay HR allows you take full control of your operations to ensure full efficiency in running your company.

Take advantage of features such as Timesheet Management, Task and Feedback, and even the highly-touted Whistle Blower Function.

Claims Management

Easy claims process + faster disbursement = better employee morale! Occasionally, employees will face financial emergencies, which can be amplified even further if claims and reimbursements processes take too long.

With GreatDay HR, not only is the claims process straightforward, claims and disbursement of reimbursements are quick and on the money!

Claims provided by the company can also be customized to ensure that GreatDay HR perfectly fits your company’s needs.

Intelligent Temperature Checking System

Workplace safety is highly critical because it can have a significant impact on employee productivity. The safer the work environment, the healthier and more efficient the employees. Our Intelligent Temperature Checking System (ITCS) ensures that every workplace is safe and free from any health-related problems.

ITCS also comes with a mask verification capability that can take employee attendance and still be recognized by the device.

GreatDay Meet

GreatDay Meet is a secure video conferencing solution by GreatDay HR. It has end-toend encryption, scheduling, and web or mobile access through a dedicated app!

GreatDay Meet also gives you the ability to utilize local hosting for a much better user experience and to ensure conference data is private to you and your meeting participants alone.

It has no participant limit and comes with a user-friendly experience we all love.

GreatDay KiosK

GreatDay KiosK makes attendance tracking safer than ever. Employees just have to smile at the camera to record their attendance in a designated device in your company placed in the most accessible part of the office.

GreatDay KiosK is also highly compatible with most gadgets. Even on a budget tablet or smartphone! Install the app using a smartphone or tablet with a front-facing camera and enjoy a smoother (and safer) attendance recording experience!

Contact-free and hassle-free, what else could be better?

ID Card Generator

With GreatDay HR’s built-in ID Card generator, you can create custom ID cards for your employees faster than ever. No need to wait for days in the printing queue. This is done in less than 10 minutes so you can do office work faster and lead your employees to greater productivity with less waiting time.

What’s better? GreatDay HR also provides various ID design templates to adhere to your company’s needs. All you need to do is choose one of them and print it. It’s that simple.

Introducing: Early Wage Access

Get an advance on your salary with the GreatDay HR app! Each fund withdrawal is automatically linked to the payroll system and will be auto-deducted on the next payroll run. No hassle!

The management of the company, especially the finance department, no longer requires complex management when doing cash advance transactions.

This sought for service is provided solely by GreatDay HR. This is and will never be outsourced into an external lending company making the process quicker and more reliable than ever giving you full assurance of safe and secure transactions.

Internal Social Feed

These days, people love to express themselves through social media. With GreatDay HR, your employees can express themselves through our integrated Internal Social Media Feed by posting their achievements, special moments, inspiring food for thought, and much more.

All posts can be seen by all employees. Other employees are also able to give likes and leave their comments on the posts by their colleagues in the feed.

Feeling extra creative? Photos may also be included in the post itself!

Inter-Company Chat

Good communication with employees is essential to facilitate collaboration. The reason we developed the chat function is to enhance communication and strengthen relationships between employees.

GreatDay HR is equipped with chat features that make it easier for fellow employees to communicate about work-related matters. This feature contains a file-sharing menu that allows employees to share files with each other.

This is fully encrypted, secure, safe, and suitable for all users within the company.

Employee Profile Access

With GreatDay HR, your employee profile contains all information related to you. Ranging from your role to achievements and all the way to the number of posts and followers you have within the company.

When it comes to employee data management, errors in filling in employee data cannot always be avoided. Now, employees can change their profiles independently through the GreatDay HR app!

Company-wide Annoucements

With GreatDay HR, make any company-wide announcement with a single click! Easily notify every employee about your company’s latest accomplishments, information, and policies in an instant with GreatDay HR’s Announcement feature.

Polling and Survey

GreatDay HR also has a Polling and Survey feature which allows employees to solicit opinions and test employee reactions to upcoming changes in strategy, production planning, and new initiatives. This greatly helps decision-makers in making sure that plans are well-crafted and well-executed.

Geotracking and Geolocation

GreatDay HR’s Geotracking and Geolocation (GPS) technology provides a precise and pinpoint map location which is always attached with every attendance record sent to the system, minimizing fraud that could occur in the recording process. This is especially useful for remote employees or employees assigned to be always on-the-go!

This is integrated in several features of GreatDay HR such as attendance, employee outsourcing, and much more!

GreatDay Patrol

Making sure all of the company’s assets are where they should be can be daunting, especially when there are so many things to consider. GreatDay HR and our Patrol feature can help ensure that all assets are recorded and updated.

Experience real-time reporting of every inspection and validation conducted by assigned personnel. QR codes may also be generated within the system to make asset monitoring as convenient and as quick as possible.

Panic Button: One-click Safety

Like any panic alarm that we all know, GreatDay HR’s Panic Button is specially crafted with safety in mind to serve as a first response in the event of dangerous or threatening situations.

Outsourced employees on duty only need to press the Panic button on the dashboard, and they will automatically be connected with concerned authorities.

This gives the assurance that employees need that they can get help as quickly as possible matched with detailed situational reports.

GreatDay HR Billing

Get fast and accurate invoice calculations with GreatDay HR Billing! GreatDay HR supports efficient and on-time payment, complete with all calculation components. Companies are assured of accurate and fast payment calculation process for employees straight from the app. Billing invoices has never been this easy!

The Billing feature allows employees to immediately receive payment notifications from the app giving them all smiles at the end of a tiring workday!

Performance Management

In any business, highly performing employees translate not only to productive outputs but also an increased performance within the company overall.

GreatDay HR enables you to oversee your team’s performance and provide instant feedback when needed. Leave paper evaluations in the past and welcome the digital future with real-time employee performance management.

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Recruitment Portal

Still sifting through mountains of CVs? Is this giving you headaches and consuming precious time instead of being able to do more? Not to mention the piles of paper that is being put to waste.

No worries! GreatDay HR can help you go digital and make filtering suitable candidates more convenient than ever. Our powerful Recruitment portal makes the entire process easier. You can even conduct interviews straight from the app with GreatDay Meet integrated.

Company Mood

Similar but different to the employee survey, the company mood board feature was developed to measure how employees are doing, emotionally.

Employees can pick a smiley face to represent their mood for the day and why they feel that way by selecting categories such as career, teammates, working environment, and the like.

Additionally, your team can also write their opinion on what could be better for the company and send complaints, all right in the app.

GreatDay HR: All-in-One HRIS to Manage Every HR Task

GreatDay HR is a one-stop solution that help accelerate your company’s growth and profitability by making HR and Talent Management more efficient, cost-effective, and most of all – easier than ever.

GreatDay HR provides a single, streamlined, automated solution that helps you easily manage all aspects of the employee lifecycle, from payroll and tax calculations, to attendance records, leave requests, reimbursements, and much more.

GreatDay Lite: Maximum Accessibility Without Bogging You Down

GreatDay HR strives to give our partners the best accessibility and interactivity within the platform without sacrificing power while maintaining the best performance with your registered devices.

As we strive to reach more customers, GreatDay Lite is perfect for partners who are still using earlier versions of smartphones and are just looking for compatibility across the board and the ability to use the most important features such as Attendance Recording.

Since 1999, SunFish DataOn Philippines, Inc. has been a trusted leader in delivering dependable HR solutions for businesses.

For over 20 years, SunFish DataOn Philippines, Inc. has continued to stay true to its goal! Enabling every business to be future-ready with a fully automated HRIS and Payroll software packed with features useful to any company.

With our vision to drive real business evolution with real software solutions backed up by our extensive HR domain expertise, our efforts have transcended every business need.

This sets us apart from the rest whose main goal is to merely provide software solutions only without giving much attention to whom this technology is intended for – You and your organization’s people.

Our aim is to deliver HR and payroll platforms that cater to your business and HR needs, thereby enabling growth in the long run.

SunFish DataOn Philippines, Inc. is the leading provider of cutting-edge Human Resource technology solutions in the Philippines and ASEAN.

Knowing the complexity of the Philippine HR requirements, we have developed THREE platforms of HRIS to suit all sizes and needs.

GreatDay HR designed for micro to small businesses.
GreatDay Pro which is intended for small to medium businesses.
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These platforms are used by thousands of companies in the Asia Pacific region. These comprehensive and reliable solutions compete with the top tier international HRIS and Payroll software providers at a far more competitive price point.
All our platforms are fully integrated, and we do NOT use Third Party Add-ons to complete our systems.

Transform and streamline all your HR tasks with cost-effective solutions by joining us as a client-partner today.​

With our subscription price already highly competitive in relation to the features that our partners get, we also offer multiple add-ons that can be availed with the Core HRIS at minimal cost.

These fully integrated features make the overall experience feel more streamlined as everything will works as one with the core platform.

With our mission of creating, offering, and implementing the best HRIS and Payroll solutions for our customers, we always endeavour to provide unparalleled service to provide a positive impact to your organization’s long-term goals.