No loan restructuring for delinquent SSS borrowers

DAVAO CITY — Social Security System (SSS) members who remained delinquent in their loan payments after availing themselves of SSS programs in 2016 and 2017 condoning failure to pay would be disqualified from this year’s loan restructuring program, an SSS official said here.

“Their balance would be restored to the previous amount,” said Mario Daray, SSS regional public information officer.

Daray said only members who had not availed of previous restructuring for their delinquent salary, calamity, emergency and educational loans, and Study Now Pay Later Plan, Voc-Tech, Y2K and Investments Incentive Loans were covered by the program this year.

However, Daray said those who had defaulted should be residents or workers in a calamity or disaster-stricken area as declared by the National Disaster Risk Reduction and Management Council or by the national government. Daray said this year’s loan restructuring would last for only six months, starting Monday, and would exclude housing loans.

Members seeking loan condonation may download application forms from the SSS website (www.sss.gov.ph). —Judy Quiros