SSS amnesty/ condonation program launch on loan penalties 2012

Good News!  The New Social Security System (SSS) member loan penalty condonation program for individual members will be launched starting on April 2. SSS Members such as employees, self-employed workers and voluntary members with overdue loans can settle their unpaid principal and interest without paying the full amount of penalties under a new amnesty program. I am so glad with this amnesty program and I believe that it will help a lot of delinquent members.

SSS amnesty condonation program 2012
SSS amnesty condonation program 2012, credit SSS

According to SSS President and Chief Executive Officer Emilio de Quiros, Jr.the amnesty “differs from SSS loan penalty condonation programs in the past” and its terms and requirements for applicants will depend on the type of delinquent borrower.

The New Social Security System (SSS) member loan penalty condonation program for individual members:

  • SSS will waive 100 percent of penalties of qualified applicants whose loan delinquency was not their fault, such as members whose employers failed to remit their amortizations to SSS despite deducting loan payments from their salaries
  • Requirement:Members must have at least three contributions within the last six months before the month of application and present proof of deducted loan amortizations such as pay slips, company certification and notarized affidavits to be eligible for full condonation of penalties.
  •  Members can pay their loan principal and interest in full, or avail of a three-year installment payment scheme at an annual interest rate of three percent.
  • SSS will also offer amnesty to beneficiaries of deceased borrowers who will file their death claim applications within the availment period. SSS will waive 100 percent of penalties and the member’s delinquent loan principal and interest will be deducted from the death benefit.
  • Delinquent borrowers who paid at least three amortizations can also apply for amnesty, provided that they have remitted a minimum of three monthly contributions within the last six months prior to the month of application.
  • Members with at least three paid amortizations will have 90 percent of their penalties condoned if they pay in full. Those who will pay in monthly installments over three years at a three percent annual interest rate will have 80 percent of their loan penalties waived
  • Borrowers filing total disability or retirement claims within the availment period will have 50 percent of their penalties condoned under the amnesty program. The outstanding loan balance and remaining penalties will be deducted from their retirement or disability benefit.
  •  The amnesty program covers overdue salary, calamity, emergency, educational, study-now-pay-later, stock investment and privatization fund loans
Deadline of application for the amnesty program : September 30, 2012 but beneficiaries of borrowers who passed away without settling their delinquent obligations can apply until March 30 next year.


47 responses to “SSS amnesty/ condonation program launch on loan penalties 2012

  1. thank you for this post mommy, it is most informative, i will go check with sss if i qualify for this program. ^_^


    I have a penalty on my SSS loan in 2007 amounting to 1,869.15 as of today and my loan was already fully paid, will i be able to avail this amnesty program?

    • Hi,

      I think if you are already paid then you cannot avail this amnesty program anymore because it will just start on April 2.

  3. Mam/ Sir,
    Can I asked you some information. because my husband has a loan of 25,ooo

    and now its almost 5o,ooo. Sir this loan is applicable for your program? Please

    help us and i want to settle that.

    Thank you so much

    • Hi,

      I think it would be best if you set an appointment to SSS on April 2(the launched date of the amnesty program)onwards. The terms and requirements for applicants will depend on the type of delinquent borrowers.

  4. Hi, i have an existing loan with SSS unfortunately my current company failed to file this so i can continue paying for it.. will i be qualified for this?

    • Hi, I think you can apply for it just make sure that your sss contibution is updated. Better apply to the SSS office on april 2 onwards

  5. Michael D. Empeo

    hi mam , sir nagloan po ako last 2004 pa 14;000 1st loan, e d ko po nabayaran until nw. gus2 ko po sana bayaran nagyon pwede po ba mlaman kng magknu at mkaloan ako 2nd loan.. 1,500 po contribution ko every month pag onboard ako. many tnx……

  6. I have a loan before and when I resigned, I thought my employer took it off from all my separation pay. So when I checked, I still have unpaid loan. I think I should better check this out.

  7. romano p sega iii

    Hello. miss admin.. meron din po akong naiwan na loan.. last 2008 pa un… can i avail this program..?? my 2nd loan was 24k…

    • Hi,

      I believe everyone can avail the amnesty program. You SSS account should meet the qualifying conditions and requirements such as Members must have at least three contributions within the last six months before the month of application and present proof of deducted loan amortizations such as pay slips, company certification and notarized affidavits to be eligible for full condonation of penalties.

  8. hi mam , sir nagloan po ako last 1995 pa 5,000 1st loan, e d ko po nabayaran until nw. gus2 ko po sana bayaran nagyon maka avail ba aq sa amnesty? salamat po

    • Sir, Maari po kayo mag-avail ng SSS amnesty basta’t qualified po ang inyong SSS membership like updated ang hulog ninyo for the past six months at least three contributions.. Pinakamagandang gawin po is pumila po kayo ng maaga sa SSS branch na malapit sa inyo and ipa-assess nyo po sa kanila kung ano po ang mai-recommend nila sa account nyo

  9. jessica ramos-leano

    God bless!
    good am po, ask ko lang kasi if ma avail ko ang sss amnesty program nyo.Merun po ang company ko na di naihulog ang last payment ko(salary loan)way back 90’s. 1500 po un at nagkapenlaty na siya till now. Gusto ko po ma avail ito. San po ako pede go na sss branches nyo. Di2 po ako sa ibaan.
    Thank you po.


  10. Hello.
    Good day..
    My husband had a loan almost 3 or 4 years ago..Is he qualify for the program?He’s an OFW and I want to seetle it using the program.

  11. i had a salary loan of 15k last 2003, and my total amount due as of 0ct.2011 was 37k , for 8yrears of without paying the monthly amortization of even once,can i avail the amnesty program?my monthly contribution was stopped since 2003 sept.and i want to continue it , but i have to to settle it first thank you im waiting for your fav response…

    • It is better to act early. Communicate with SSS members assistance. If you can login online using your SSS account, you may schedule an appointment with them.

  12. hello po, may sss loan po ako since 2005 pa po,it was my first loan,until now
    di pa ako nakakapag bayad kahit isa beses sa loan ko,seven years na po yung loan ko na yun?at gusto ko sana e avail ang condonation program ng sss.In case, pwede po kaya yung sister ko ang magbayador mag process sa pinas ng condonation program na yun?ano po ba yung mga documents na kailangan. kasi nasa ibang bansa po ako ngayon,at gusto ko ma setlle na yung sss loan ko…hope matulungan nyo ako..tnx….pls reply!

  13. Hi,

    Pinakabest is makipag-appoint ang sister mo sa SSS para sa loan condonation kasi since wala kang naihulog ni isang monthly payment sa loan mo I think you need to talk with an SSS member assistance para advise ang mga pede mong gawin.

  14. Pingback: SSS Loan condonation: Easiest Way is through Online Application | Cash and Investment

  15. hi everyone,
    paano kaya ung saken? nag loan ako last 2011 22,000php, e nawala lasi ung voucher ko..ngayon 1yr and 3mos nako hindi nkaka bayad..paano ko magagamit ang loan condonation na ito?

    • Hi Ruel,

      Pede ka pa rin mag-apply sa kanila because they have a record. If you have an SSS online membership and can login, pede mo sya i-apply online.

  16. Hi, i have a question. Meron po ako existing loan sa previous employer ko. and when i resigned they deduct the remaining balance sa last payment ko. Does it mean na fully paid na yung loan ko and i can avail for a renewal? pero di ko pa sya na verify sa SSS if bayad na ba talaga. Pero as of now continuous naman yung hulog ko with my new employer.

  17. alejandro gatchalian

    hello ask ko lang po xe may loan aq since 1991 pa ata yun ewan ko lang kung nkapagbayad n aq ng amortization pero lam ko may balance pa aq,then recently nag abroad aq now ask ko lang kung qualified pa ba aq sa program?

  18. yona babe labrador

    gud am. May tanong ako regarding sa loan condonation. nag open ako sa website nang tapos naclick ko yung loan condonation. tapos kahapon nagtanong sa akin yung incharge namin sa sss kun bakit nag apply ako nang loan condonation sa sss. nagbayad na po ako sa remaining balance sa loan ko noong 2010 tapos may pending amount pa po ako na 500 plus tapos nabayad na ako at na post na yung payment ko tapos may remaining balance pa ako na 600 plus tapos binayaran ko rin then may remaining pa ako. I think na overpayment na ako sa loan ko noong 2010. how to settle this…

    • Hi Madam,

      I think for that case you need to speak directly to their member assistance program and magprovide po kayo ng proof or receipts na fully paid na kayo to make it clear.

  19. Hi ask ko lang if I can avail condonation.. Stop ako ng hulog 2005,at may loan balance pa ko 1,500 pero nakapghulog ako ng 3 months apr.may.June 2012. Tnx ..

    • From the requirements po ng loan condonation kung nakapaghulog naman ng 3 months and updated ang bayad sa SSS contributions nyo pede po kayo mag-avail.

  20. i’ve gt my salary loan released in 2006, but before the deduction started, i transferred to another employer and eventually lost my job til to date. if i remember it right, i never had paid any single deduction on the said loan. will i be qualified to the program?

  21. hi,
    ask ko lang nag loan me ng ist loan yr 2006 pero ung company namin nag avail ng condonation w/out telling us,but its ok question is ung ni loan ko 7k kapag kapag inaplly sa condonation magiging 14k na yan?kc un ang compute sa akin?and wala pa rin silang posting sa sss ng mga list na kinaltasan ng loan panu ba un ang computation?
    tnx..pls reply….ngapala 1yr na ko kinakaltsan ng condonation pero ala pa din posting..

  22. mam may utang po ako 2k noong 2008 hindi ako nakahulog dahil nawalan ako ng trabaho puwede ako mag avail ng condonation program

    • Hi,

      Mas maigi po na directly makipagcoordinate po kayo sa member assistance program for that inquiry and best kung dalhin nyo ang mga resibo na naibayad nyo na as proof to show them.

  23. marie louise p. villacampa

    gud day!

    sir mam, i want to apply for a condonation…. my sss number is 33 0647564-0…magkano na po kaya ang existing balance ko? can i pay it in 36 months..hw much will be my monthly? thanks.

  24. Gemma Somes Soria

    Hi, good day po, ask ko Lang po kng my schedule pa ng condonation program kc po my salary loan po ako na d pa nbyaran . Ask ko Lang po kng Kalyan ang schedule kc po ng last April Dpko ako nkpag pally. Thanks Gemma

  25. question lang po, kasi i failed to submit the loan voucher sa employer ko, that was 2008 supposedly and I submitted it nung 2011 na. then when i submitted it, i was deducted 1k every month for 2 years, ngayon fully paid na yung salary loan ko pero meron pa ding balance na around 7k. i applied sa loan condonation pero di pa din nabawasan yung 7k na yun. paano kaya yun?

  26. ask q lng po qng pede b ko mg renew ng sss loan after m fully paid q ung remaining s loan q kht wla png 2 years after ng 1 st loan q? tnx

  27. ask q po bali my loan p po aq mga 1200 nlng gusto qna n cia bayaran in cash.after q po b cia mbyaran pde nba q mg renew khit ala p 2 years?tnx

  28. rolando b carabeo jr

    itatanung ko po nagbayad po ako nang condonation loan nung june 2012 fully paid na po kailan ako pwde mag loan salamat and more power admin….

  29. Hi.
    My previous employer processed my application for my 1st loan with SSS which was released around August of 2009. I was under the impression na they will have my monthly payments deducted from my pay but to my dismay, when I checked my loan payments upon transferring to another company as of July of last year, there were no payments posted. My loan has matured and when I checked online I am eligible for renewal on 11/01/2012.
    QUESTION: If I pay off the total amount due, will I be eligible to file for 2nd loan immediately? How long will it take for me to be eligible for the 2nd loan, if not immediately eligible?
    I hoipe you can give me an answer to this query. Thank you.

  30. miss 1st loan 2 yrs ago was much po kaya and 2nd loan ko? thanks

  31. Good day,
    ask ko lang po magkano na po ba ang babayaran kapag matagal ng hindi nahuhulogan?yong Mother ko po kasi nagpapatanong kasi matagal ng hindi nya nahuhulogan ang SSS nya. at ngayon po ay balak nya na ituloy ang paghulog dito.. magkano po ba ang kanyang magiging monthly na babayaran?thanks po
    pls. reply po

  32. Ask ko lng po kung pwede ako mag renew ng loan pag na fully paid ko na ung condoned loan ko na suppose to be after 2 years bale sana sa Aug 2014 pako pwede mag renew pero since may bago kayong update about renewal ng salary loan, pwede po bako mag renew?

  33. Please contact SSS directly through their contact numbers or you can also email them.

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