This brings the total repayment amount to P28,800 for the two-year amortization. For pensioners, the loan amortization includes a 10% interest rate calculated on a diminishing principal balance.

Meanwhile, retiree-pensioners can apply for an SSS pension loan equivalent to three, six, nine, and 12 times their Basic Monthly Pension plus P1,000 additional benefit, but not exceeding the ...

The Social Security System (SSS) is looking to reduce interest rates on its salary and calamity loan programs this year. In a post on its website on Feb. 15, SSS president and Chief Executive ...