Manila, Philippines – The Social Security System (SSS) has announced that its members can now apply for condonation of loan penalties through its website.
SSS Officer-in-Charge Edgar Solilapsi said that delinquent borrowers who are eligible for condonation of 80 to 90 percent of their penalties can file their applications at http://www.sss.gov.ph.
“We have made it easier for members to apply for penalty condonation by allowing them to file online instead of them going personally to an SSS branch,“ Solilapsi said.
He said that as long as members are registered SSS website users and qualified under Situation 2, they are no longer required to submit supporting documents as proof of contribution payments.
Situation 2 is a category under the Penalty Condonation Program in which the member-borrower has paid at least three amortizations since the loan take-out and a minimum of three months contributions within the last six months prior to the month of their application to the program.
The SSS will write off 90 percent of accrued penalties for member
borrowers who opt to settle the amount due in one full payment, and 80 percent of penalties for those who opt to pay in monthly installments over a one-, two-, or three-year period.
“The online system will automatically inform members if they need to fulfill certain requirements in order to qualify, such as payment of contributions. Those with approved applications will receive an E-mail detailing the amount of payments due under the Condonation Program and other information,” Solilapsi added. (Chito A. Chavez)
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