Also being an SSS member in the Philippines I learned that SSS has cut down its interest rates and relaxed its lending requirements to enable more companies to avail themselves of its social and business loans. The agency revised its loan guidelines to give companies easier access to credit, boost employment and expand SSS membership.
The interest rate of loan granted will remain fixed for a period of one year. The loan will be subject to change based on the prevailing interest rate on its anniversary month to match market rates. ]
Under the new guidelines, employers can use the loan to acquire existing structures, expand and diversify business and fund projects in forest development and sustainable energy.
I learned from SSS President and Chief Executive Officer Emilio de Quiros, Jr., that in a span of over 23 years, SSS has released more than 23 billion Pesos to fund more then 5,000 projects that have generated more then 99,000 jobs, created more then 4,000 hospital beds and many things more.
Interested employers can contact the SSS Corporate Bonds and Loans Department at 02 - 920-6401 local 5113 and 5115 or send an email to urbanogm@sss.gov.ph.
