- Sss Loan Calculator
- How To Pay Sss Loan Online
- Sss Stock Investment Loan Programs
- Online Stock Investment Advice
Members urged to sell SSS stock shares for loan payment. To date, there are P608.63 million in delinquent accounts under the SSS stock investment and privatization fund loan programs. The program was introduced in 2001 and it is a tax-free and risk-free investment. Investing in this program does not require. Home / public info and services / SSS Flexi Fund Program for OFWs. SSS Flexi Fund Program for OFWs. About SSS Loan Restructuring Program (LRP) Extended Till April 1.
- ON THE SPOT: P200 na cash grant mula sa TRAIN Law, uumpisahang ipamigay ng DSWD.
- The SSS said members with outstanding loans under the Stock Investment Loan Program (SILP) and the Privatization Fund Loan Program (PFLP) can avail of an option to sell their shares of stocks under the two programs.
IF you are one of those who took advantage of initial public offerings (IPOs) in the mid-1990s and borrowed under the Social Security System (SSS) Stock Investment Loan Program (SILP) or the SSS Privatization Fund Loan Program (PFLP) in order to buy the shares you wanted, and later forgot about it, now is your chance to clean up your delinquent loan record.
Early this year, the SSS offered the option to sell shares of stock program to members with outstanding loans under the above-mentioned SILP and PFLP. SSS members who are delinquent in the payment of their loans may avail themselves of the option to sell program by opting to sell their stocks at prevailing market value and then paying their loans from the proceeds of the sale.
Here’s how the program works:
A special power of attorney shall be executed by the member authorizing the SSS to sell the shares of stocks.
The shares of stocks shall be sold by the SSS at prevailing market price.
The net proceeds from the sale shall be applied to the outstanding SILP/PFLP loan balance.
The excess amount, after the application to the outstanding SILP/PFLP loan balance, shall be applied to other delinquent member and housing loans, if any.
Any excess amount after the application to other delinquent loans shall be refunded to the borrower.
If the net proceeds from the sale cannot cover the outstanding SILP/PFLP loan balance, the remaining amount shall be paid through deduction from the proceeds of a new salary loan or from the final benefits, such as total disability, retirement and death.
The remaining loan balance shall continue to be charged with interest and penalties until fully paid.
Sss Loan Calculator
Not a bad deal, isn’t it? You get to pay your outstanding loan without having to shell out money, unless the present value of your shares of stocks is very much depreciated and not enough to pay your loan.
Download dj fonts for words. So why don’t you check this and find out if the shares of stock you bought years ago have appreciated in value, or more than enough to pay your outstanding loan and leave you with some to spare dividends. You get to clean up your loan record with the SSS and, at the same time, enjoy some of your realized gains.
How To Pay Sss Loan Online
****
Sss Stock Investment Loan Programs
For more information about the Social Security System (SSS) and its programs, call our 24-hour call center at (632) 920-6446 to 55, Monday to Friday, or send an e-mail to [email protected]
Online Stock Investment Advice
Susie G. Bugante is the vice president for public affairs and special events of the SSS. Send comments about this column to [email protected]