PH SSS Educational Assistance Loan Program (EALP) Application 2013 free printable template
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Republic of the Philippines SOCIAL SECURITY SYSTEM APPLICATION FOR EDUCATIONAL ASSISTANCE LOAN PROGRAM (04-2013) THIS FORM IS NOT FOR SALE PLEASE READ THE TERMS & CONDITIONS AND INSTRUCTIONS AT THE
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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 obtain the application form for the Educational Assistance Loan Program (EALP).
02
Prepare the necessary documents including proof of enrollment, income statement, and valid identification.
03
Fill out the application form completely and ensure all information is accurate.
04
Submit the completed application form along with the required documents to the nearest SSS branch.
05
Wait for approval from SSS, which may take several days.
06
Once approved, sign the loan agreement and receive the loan amount to pay for educational expenses.
Who needs PH SSS Educational Assistance Loan Program (EALP)?
01
Students enrolled in tertiary education programs who require financial assistance.
02
Parents or guardians of students who need help in financing their child's education.
03
Individuals pursuing vocational courses who seek funding for their educational needs.
Instructions and Help about PH SSS Educational Assistance Loan Program
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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 aid initiative by the Social Security System in the Philippines that provides loans to members for educational purposes, enabling them to pay for the educational expenses of their children or dependents.
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 themselves of the educational assistance loan 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) application, members must obtain the application form from the SSS website or local offices, provide the required personal and educational information, and submit necessary documents such as proof of income, school enrollment, and identification.
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 for members to help cover the costs associated with the education of their children or dependents, ensuring access to quality education.
What information must be reported on PH SSS Educational Assistance Loan Program (EALP)?
The information that must be reported on the PH SSS Educational Assistance Loan Program (EALP) includes the applicant's personal details, loan amount requested, purpose of the loan, details of the dependents enrolled in educational institutions, and relevant financial information.
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