4 months SSS waives P9-B loan penalties Manilatimes |Biz
STATE-RUN Social Security System (SSS) on Wednesday said it has condoned P9.5 billion short-term loan penalties of over 658,000 calamity-affected members under its second Loan Restructuring Program (LRP). It also strongly urged availees to pay the monthly amortization of their restructured loans. In a statement, SSS President and Chief Executive Officer Aurora Ignacio said the program has restructured P10.9 billion worth of loans and generated income amounting to P4.4 billion from April 2018 to last month.Advertisements
“Members who paid their outstanding loans in full through LRP will again enjoy their loan privileges after six months from the time ... more