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Pag-Ibig, SSS offers Penalty Condonation For Unpaid Loans

According to officials, Social Security System (SSS) and the Pag-Ibig Fund (HDMF) offered some of their members and employers partial or full relief on penalties for unremitted contributions and unpaid loans.
Pag-Ibig and SSS Amnesty for Unpaid Loans

SSS president and chief executive Emilio de Quiros Jr. said that the new amnesty program will permit members to settle overdue loans without paying penalties.

SSS offers its members emergency, salary, calamity, study-now-pay-later, educational, privatization fund and stock investment loans.

Members may apply for the amnesty until September 30, 2012. But beneficiaries of deceased borrowers without settling their arrears have until March 30, 2013.

De Quiros said that SSS will waive 100% of penalties of qualified applicants (failure of loan payments was not their fault) such as those whose employers were unable to remit their amortizations to SSS even though their loan payments are deducted from their salaries.

In order to qualify for the full condonation of penalties, an SSS member must have at a minimum of 3 contributions within the last 6 months before the month of Amnesty Application and must present proof of deducted loan amortizations.

Payment schemes

Members can pay their interest and loan principal either full, or avail of a 3-year installment payment at annual interest rate of 3%.

The beneficiaries of deceased borrowers who file their death claims, proceeds from which the unpaid loan principal and interest will be deducted are also qualified for the amnesty.

"Members with at least three paid amortizations will have 90 percent of their penalties condoned if they pay in full,” De Quiros added.

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"Pag-Ibig, SSS offers Penalty Condonation For Unpaid Loans" was written by under the Finance / Wealth category. It has been read 37140 times and generated 13 comments. The article was created on and updated on 11 January 2012.
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Total comments : 13
jaime jr dala guavez   (09 August 2017 3:43 PM)
hi makati 3 branch.
hiw can i pay my previous loan from your branch.

Marc Arnold Belen Bombio   (06 January 2017 8:05 PM)
Dear Sir madam.
I want to know how much is my loan balance in Pag-ibig since 2009. and how can I pay it. thank you

Diana Honrado   (06 April 2014 9:13 AM)
What can I do if I had a Pagibig MPL availed which I have not started payment yet when I was terminated by my employer. The benefits received was insufficent to cover it. What will I do now that I have a new employer? What will be the effect of this?

Rommel Bitavarra   (29 August 2013 9:29 PM)
I have a Pag-ibig Multipurpose loan dated 2008, How can I pay it? Does pag-ibig have a condonation program like SSS?


michelle caluag   (17 July 2013 3:50 PM)
dear sir,
paanu ko po mababayaran un unpaid loan ko since pa po 2005.?short ang long term of payment?

michelle caluag   (17 July 2013 3:48 PM)
how can i pay my unpaid loan?

Oliver P. Mirasol   (04 July 2013 7:04 PM)
Dear Sir;

Member po ako ng SSS, pero na po ako sa dating employer at napatigil na po yung monthly contributon ko. Last contribution ko po ay nung pang May 2007. Ngayon po ay nasa government na po at gusto ko po sanang ituloy ang paghuhulog. Ano po ang dapat ko pong gawin?

lauro m.dela cruz   (19 December 2012 4:17 PM)
what if my housing loan k at foreclosed ang house mo,ano po dapat gawin. settle s sss n u left d house a few years back at makakaapekto b ito s pension mo when u reach d age of 60?

lauro m.dela cruz   (19 December 2012 4:14 PM)
pwede po b n mgkaroon ng condonation on salary loan/calamity loan early next year? much longer not for a few months only.

FLORENTINO LAGUMBAY   (18 July 2012 10:53 AM)

I would like to avail your condonation program. For my account, how much will i suppose to pay:

Certifying Employer Id : 03-8744970-8
Check Date : 03-26-1984
Check Number : 9328480000
Check Amount : 921.50
Loan Amount : 1,000.00PAST DUE
Principal: 750.00
Interest: 1,218.75
Penalty: 6,381.98

Certifying Employer Id : 88-8888800-6
Certifying Employer Name :
Check Date : 09-05-1986
Check Number : 561482
Check Amount : 1,000.00
Loan Amount : 3,000.00
Principal: 3,000.00
Interest: 4,470.00
Penalty: 20,850.51

raniel ladroma arreza   (14 June 2012 3:26 PM)
good day!
sir/madam tanong ko lang po kung anu po yung tama kung gawin,may previous loan po kasi ako di ko nabayaran at gusto ko po magloan ulit,makakaloan pa po ba ako?
sana po matulungan nyo po ako..

fatima año madrazo   (30 April 2012 4:38 PM)
Dear Sir,
I am member of sss but i did not continue this since i went abroad now i regret...i have previous loan how can i apply that amnesty if im here abroad.Please advise what to do because i want to continue this.

Thank you,

arnel cardente   (08 April 2012 8:27 PM)
if installment basis how much do i need to pay?because the requirment.members much have minimum of 3 contribution within the past 6 mo.i have loan 24kbefore and have 4k interest 6k penalty?total of 31k balance