Today while browsing over the internet and my last year's posts regarding SSS loans, I found out that one of important matters regarding SSS condonation program 2012. This is related with the benefits that the Social Security System Philippines is offering to their members with delinquent loan payments and amortizations.
You can find more information regarding the terms of service, condonation program mechanics and application here - SSS condonation program 2012. For another type of loan the SSS offers, please read here regarding - SSS pensioner loan. Happy New Year 2012!
I. WHO CAN AVAIL OF THE PROGRAM
1. Borrowers who are delinquent in the payment of their monthly loan amortizations as of 30 April 2008.
2. Those with final claims whose date of contingency falls within the availment period.
3. Employers who are delinquent in the remittance of their employees’ loan amortizations as of 30 April 2008 including the following:
– Those with pending proposal (Installment Plan or Dacion en Pago)
– Those with approved installment plan
– Those with pending cases before the SSC, Prosecutor’s Office and the Courts
4. Members of delinquent cooperatives under the MADE Program as of 30 April 2008.
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