SSS Launches LoanLite: A New Micro-Lending Programme for Vulnerable Members
The Social Security System (SSA) and Union Bank of the Philippines have launched SSS LoanLite, a new micro-lending programme set to be officially rolled out by the end of 2025. This initiative is part of SSS's broader strategy to digitally transform and promote financial inclusion.
SSS LoanLite targets vulnerable members at risk of falling prey to predatory lending. It offers loans ranging from PHP 5,000 to PHP 20,000, with repayment terms flexible between 15 to 90 days. The loans carry an interest rate of 8% per year plus a service fee.
The application and approval process for SSS LoanLite is fully digital. Upon approval, funds will be credited directly to the member's UnionBank account or their MySSS Card. SSS aims to grow the total loan book to PHP 40 billion within two years.
SSS LoanLite, launched on September 17, 2025, is a short-term, socially-responsive loan programme designed to protect members from loan sharks. With its official roll-out planned by the end of 2025, this initiative is set to expand financial access and support vulnerable SSS members.
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