My brother’s SSS account has been in question for quite a few years now due to a salary loan that has remained unpaid since 2009. I told him about the ongoing loan restructuring program being offered by the SSS and advised him to take some time off from work so he can visit an SSS office and have his loan reviewed. Problem is, he works for an international firm that requires him to travel out of the city, and sometimes out of the country, most of the time. On the days that he is in Manila, he spends most of his time in the office catching up on his reports and other paper works. Next week, he is scheduled to travel to Beijing and will not be back until September.
So how does one take advantage of the SSS Loan Restructuring Program if he is almost always out of the country, works abroad, or for some reason, is not able to physically visit an SSS office?
Good thing the SSS now accepts Letter of Authority from the applicant so he or she can simply send someone else to file his application through a representative. All he has to do is send an email to the SSS informing the department that he intends to have his loans reviewed through a representative.
How does this work? Read this!
Requirements for the Authorized Representative:
- Email request of the member-borrower.
- Scanned copy of the Letter of Authority.
- Scanned copy of two valid identifications cards of the member-borrower.
- Photocopies of two valid IDs of the authorized representative.
- Printed email showing both email addresses of the member-borrower and of the authorized representative.
Authorized representatives may also do the following in behalf of the member-borrower:
- Accomplish the LRP application form.
- Sign in “Conforme” portion of the Statement of Loan Balances for LRP and Disclosure Statement.
- Sign the promissory note.
- Receive the Notice of Approval.
- Pay the restructured loan based on the agreed term.
How about OFW members who also wish to avail of the SSS Loan Restructuring Program?
OFW members may personally file their applications at any SSS office in the country (if they are home) or have their spouse or relative file this for them. If he or she is going to send a representative to do this for him, he needs to execute a Special Power of Attorney or SPA.
- The representative must bring two valid IDs, with one or both showing the representative’s signature and photo.
- Fill-out the Loan Restructuring Application form (MLP-01263) with black ink (only).
- Secure a copy of the Statement of Loan Balance for Loan Restructuring Program; you can get this at the nearest SSS branch in your area.
- Accomplish an Affidavit of Residency that will prove that you live or work in an area that is declared to have been under a state of calamity. Have the affidavit notarized. This is no longer required for members who already have a Calamity Loan or Salary Loan Early Renewal Program (SLERP).
- Submit all duly accomplished application forms and other requirements at the nearest SSS office or Foreign Office (if OFW is filing abroad).
The SSS has made the Loan Restructuring Program more accessible to everyone, so make sure to grab this opportunity to straighten out your loan accounts with the department. This will help secure your future claims from the SSS, including and most especially, your pension.
Have a great day!