loans Archive

SSS enhances satellite offices in Cebu and Bohol, cites calamity relief package

The Social Security System (SSS) has expanded the network and services of its satellite offices in Central Visayas to serve members affected by ongoing structural evaluations of the SSS Cebu and Bohol branches, which eased down their regular operations for safety reasons following the 7.2 magnitude earthquake that devastated the region on October 15. SSS [&hellip

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About 40,000 students benefit from P719.86-M SSS educational loans

The Social Security System (SSS) has released a total of P719.86 million in “study-now, pay later” loans for student-beneficiaries of more than 38,000 member-borrowers who had availed themselves of the SSS Educational Assistance (Educ-Assist) Loan Program since its launch in 2012. SSS President and Chief Executive Officer Emilio S. de Quiros, Jr. said the Educ-Assist [&hellip

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SSS offers bigger Educ-Assist loans, eases eligibility terms

More college and vocational-technical (voc-tech) course students can expect to meet their financial requirements for enrollment as the Social Security System (SSS) further liberalized the guidelines of its educational loan facility called the SSS Educational Assistance Loan Program or “Educ-Assist”. SSS President and Chief Executive Officer Emilio de Quiros, Jr. said members earning P25,000 and [&hellip

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Businesses get P189-M in SSS loans in 2012

The Social Security System (SSS) released a total of P189.05 million in business loans last year for growth and expansion projects of nine private enterprises that include service providers, real estate and construction firms, and traders of various consumer goods. SSS Assistant Vice President for Lending and Asset Management Ma. Luz C. Generoso said the [&hellip

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P148-M in SSS educational loans granted to 12,000 students

More than 12,000 college and vocational-technical (voc-tech) students across the country have so far benefited from the Social Security System’s (SSS) educational loan facility that released a total of P148.64 million in 2012. SSS Assistant Vice President for Lending and Asset Management Ma. Luz C. Generoso said the SSS expects more members to borrow this [&hellip

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SSS denies allegations of overcharging on members’ loans

The Social Security System (SSS) said it has not violated any policy on lending nor overcharged its member-borrowers contrary to reports that came out in media recently. SSS Assistant Vice President for Lending and Asset Management Ma. Luz C. Generoso emphasized that the computation, which the SSS uses to calculate the interests on loans is [&hellip

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SSS recovers P1.9 B from amnesty program, bares new guidelines of short-term loans

The Social Security System (SSS) has recovered P1.984 billion in back payments from overdue short-term loans during its six-month amnesty program which ended last September, a top official said. SSS Assistant Vice President for Lending and Asset Management Ma. Luz. C. Generoso said 150,415 members availed of the amnesty, which condoned the penalties of delinquent [&hellip

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SSS branches to open on weekend for last-minute amnesty applicants

Social Security System (SSS) branches nationwide will open this weekend, September 29 to 30, to accommodate members filing last-minute applications for the agency’s amnesty program on penalties of delinquent loan borrowers. SSS President and Chief Executive Officer Emilio de Quiros, Jr. said the agency also moved the deadline of the six-month Loan Penalty Condonation Program [&hellip

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SSS unveils calamity relief package for affected members

The Social Security System (SSS) has announced a calamity relief package that offers early release of pensions, eased-down loan terms, and an extended payment period to help members affected by widespread floods caused by heavy southwest monsoon rains. SSS President and Chief Executive Officer Emilio de Quiros, Jr. said the package covers members in calamity [&hellip

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SSS, Citibank tie up for faster release of benefits, loans

The Social Security System (SSS) has partnered with Citibank for the electronic release of short-term benefits and loan proceeds through a special cash card as a faster, safer and more efficient alternative to check issuance. Photo shows SSS President and Chief Executive Officer Emilio de Quiros, Jr. (2nd from left) shake hands with Citibank’s Mylene [&hellip

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