PH SSS Educational Assistance Loan Program (EALP) Application 2012 free printable template
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2 Member must file application for educational assistance loan program personally and must present his Social Security card. Republic of the Philippines SOCIAL SECURITY SYSTEM APPLICATION FOR EDUCATIONAL ASSISTANCE LOAN PROGRAM MLD- 05-2012 Please read the terms conditions and instructions at the back before accomplishing this form. Print all information in capital letters and use black ink only. PART I - TO BE FILLED OUT BY THE MEMBER SS NUMBER LAST NAME NAME OF MEMBER NO. STREET ADDRESS...
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How to fill out PH SSS Educational Assistance Loan Program
How to fill out PH SSS Educational Assistance Loan Program (EALP)
01
Visit the official PH SSS website to access the Educational Assistance Loan Program (EALP) section.
02
Download and fill out the EALP application form available on the website.
03
Prepare the required documents such as proof of enrollment, school registration, and identity verification.
04
Submit the completed application form along with the required documents to the nearest SSS branch.
05
Wait for the processing of your application, which may take several days.
06
Once approved, you will receive information on how to manage and utilize the loan.
Who needs PH SSS Educational Assistance Loan Program (EALP)?
01
Students enrolled in any higher education institution in the Philippines.
02
Individuals seeking financial assistance to support their education expenses.
03
Parents or guardians of students who need additional financial resources for their children's education.
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People Also Ask about
How much is monthly payment for SSS loan?
A one-month salary loan is equivalent to the average of the member-borrower's 12 latest posted Monthly Salary Credits (MSCs), rounded to the next higher MSC, or amount applied for, whichever is lower.
How much is the loanable amount in SSS?
LOAN AMOUNT A one-month salary loan is equivalent to the average of the member-borrower's latest posted 12 Monthly Salary Credits (MSCs), or amount applied for, whichever is lower.
How can I pay my SSS educational loan?
Member-borrower shall use SS Form ML-1 (Member Loan Payment Return) upon payment with his/her name, SS number and the Payment Type as "Educational" indicated on the form. 4. Payment may be through SSS Branch with tellering facility or SSS accredited banks.
How much is the SSS loan interest?
No loan is without interest rates and fees! For SSS salary loans, the interest rate is 10% per annum. If you don't pay on time, there will be an additional penalty of 1% per month until the loan is fully paid. And then, your service fee: 1% of the loan amount shall be charged and deducted from the proceeds of the loan.
How much is the first SSS salary loan?
The salary loan amount is equivalent to one month's worth of salary. You can also apply for a two-month salary loan if you have at least 72 months of posted contributions, six months of which have been posted in the last 12 months before the month of application.
How can I file my SSS loan online?
How do I apply for an SSS Salary Loan online? Go to the SSS website. Log in to your My. Click E-Services> Loans> Apply for Salary Loan. If eligible for a salary loan, the loanable amount and local mailing address of the member-borrower will appear on the screen.
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What is PH SSS Educational Assistance Loan Program (EALP)?
The PH SSS Educational Assistance Loan Program (EALP) is a financial assistance initiative by the Social Security System (SSS) in the Philippines that provides loans to members to help cover the educational expenses of their children or beneficiaries.
Who is required to file PH SSS Educational Assistance Loan Program (EALP)?
Members of the Social Security System (SSS) in the Philippines who wish to avail of the educational assistance loan for their dependents are required to file for the PH SSS Educational Assistance Loan Program (EALP).
How to fill out PH SSS Educational Assistance Loan Program (EALP)?
To fill out the PH SSS Educational Assistance Loan Program (EALP), members must accomplish the application form available at SSS offices or online, provide necessary documentation such as proof of enrollment of the beneficiary, and submit the completed forms to the SSS.
What is the purpose of PH SSS Educational Assistance Loan Program (EALP)?
The purpose of the PH SSS Educational Assistance Loan Program (EALP) is to provide financial support to SSS members for the educational needs of their children or beneficiaries, ensuring they have access to quality education.
What information must be reported on PH SSS Educational Assistance Loan Program (EALP)?
Information that must be reported on the PH SSS Educational Assistance Loan Program (EALP) includes personal details of the member, details of the beneficiary (such as name and school), the amount of loan being applied for, and other required documentation verifying the educational expenses.
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