From inside the , brand new Public Security system already been offering the Retirement Mortgage System to bring instantaneous financial help so you’re able to certified SSS senior years pensioners by way of good low interest rate mortgage. We are aware in the earlier age, many of them needed signature loans out of some individual lending enterprises one charge large rates of interest having pawned collaterals just like their Automatic Teller Server (ATM) notes. This is how SSS comes in whether or not it in the long run unwrapped the brand new PLP to any or all the advancing years pensioners.
- 85 yrs old and below after the last week of the financing term;
- zero a fantastic loan harmony and work for overpayments payable so you can SSS;
- zero established improve your retirement beneath the SSS Calamity Assistance Package; and you may
- have to be getting their normal monthly pension for at least you to definitely month that have a keen active updates.
Less than this program, licensed advancing years pensioners normally get by themselves regarding financing equivalent to three, half dozen, nine, or a dozen moments its very first monthly pension (BMP) plus the P1,000 even more benefit.
Into PLP’s first 12 months, SSS disbursed all in all, P2.52 mil in order to 74,503 your retirement financing borrowers, during 2020, i reduced all in all, P3.39 billion in order to 74,799 your retirement mortgage borrowers. Away from , we have granted a maximum of P3.08 million to 69,039 pension loan borrowers. Continuer la lecture de One-date sixty-big date reimburse within the SSS Retirement Financing System
