How Mom Availed of SSS Loan Restructuring Program and How much she saved

After my mother-in-law heard about the SSS Loan Restructuring Program (LRP) that’s being offered to SSS members with past due loans, she asked me if I could accompany her to the SSS branch to apply for it.

We prepared the documents needed for SSS Loan Restructuring Program including:

I downloaded the application form and Affidavit of Residency from the SSS website and printed it. Then we went to the nearest notary public office to have the affidavit of residency notarized. We paid Php 100 for it. (Amount may vary depending on where you have it notarized).

Going to the SSS Branch

Then we head over to SSS Eastwood Branch, which is the nearest branch from our place.

We got there at 10AM and I was surprised to see that there were only 2 people inside! I thought I was in the wrong place, but yeah it was the SSS office.

The SSS officer at the Information Desk gave us a queue number together with the application form and affidavit of residency for the SSS Loan Restructuring Program. And since I already secured a copy of these forms before we went there, I didn’t have to fill it out anymore.  

We waited for just about 10 minutes before our queue number was called.

SSS Condonation

SSS Loan Restructuring Program Application Process

We handed the LRP application form, affidavit of residency, and valid ID to the SSS officer. He then accessed my MIL’s SSS account and explained the status of her loan balance.

  • She availed of the Salary Loan on June 7, 2005
  • The Principal Loan Amount was Php 18,485.58
  • Interest: Php 17,499.84
  • Penalty: Php 31,543.36
  • TOTAL Loan Balance: Php 67,528.78

We were both surprised to know that her loan balance is now more than 3 times her original loan amount. And that was because of the interest and penalties incurred for not paying her loan for 11 years.

Benefits of SSS Loan Restructuring Program

The SSS officer then explained about the SSS Loan Restructuring Program and how my mom could benefit from it.

  • With the LRP program, the penalty of my mom’s loan will be condoned
  • The Condonable penalty amount is Php 31,543.36, which will be deducted from the Total Loan Balance
  • Thus, Php 67,528.78 minus Php 31,543.36, the Loan Balance now is just Php 35,985.42

My mom somehow felt relieved that her loan balance is down to almost 50% because of the SSS Loan Restructuring Program.

Take note:

Only the Penalty will be subject for condonation and not the Principal Loan Amount and Interest. The computation of your Restructured Loan will be made by the SSS officer depending on the principal amount, length of unpaid load, and chosen term/mode of payment.

SSS Loan Restructuring Program Payment Options

The SSS officer then explained the payment options and terms, whether full payment or installment. And since my mom could not afford to pay her loan balance in full, she opted for installment payment scheme.

At first she wanted to pay it in 2 years or 24 months. However, my mom is already 58 years old and she’ll be retiring in less than 2 years.

If she pays her loan for 2 years, her SSS pension application will be delayed. On the other hand, if she pays it in 1 year or 12 months, her loan will be fully paid by September 2017 and she can apply for her SSS pension/retirement benefit by October 2017, and start receiving her pension when she turns 60 years old in 2018.

With this in mind, my mom decided to pay her loan balance in 12 months.

  • Restructured Loan Amount: Php 35,985.42
  • Interest Rate: 3%
  • Monthly Amortization: Php 3,047.74
  • First Amortization Month: September 2016


Signing of LRP Contract

My mom signed the contract and other documents and she was given a copy of it.

The SSS officer who assisted us was Mr. Eugene Custodio and he was really accommodating. My MIL asked him a lot of questions about her SSS loan, contributions, and application for pension, and he gladly and patiently answered all of them.

The LRP application process took only 30 minutes to finish, but we stayed there for almost an hour because my mom had other SSS related concerns. Nonetheless, it was still fast compared to if we applied in another SSS branch.

Tips before going to the SSS Branch

  1. Download, print, and fill out the SSS Application form and have the Affidavit of Residency notarized before going to the SSS branch.
  2. If the SSS member with past due loan cannot personally apply for LRP at the SSS branch, his/her representative will need to submit:
  • Original Copy of Special Power of Attorney (SPA)
  • Photocopies of 2 valid IDs each of the member-borrower and the representative/filer (at least 1 with photo and both with signature, but the original IDs must also be presented).
  1. If you’re near Eastwood, Quezon City, I recommend applying for LRP at the SSS Eastwood Branch. Maybe we’re lucky because there were not a lot of people when we went there, but according to the staff there, not a lot of people visit the branch.

The branch has been there for 2 years, but there’s no tellering/cashier department, thus, you cannot make your loan payments or SSS contributions there.


The SSS LRP has been extended until April 1, 2019. 

It’s a few more days until its deadline, so, if you have past due loans with the SSS, your still have plenty of time to apply for SSS LRP. 

Don’t miss this chance. We don’t know when it’s going to be available again. Apply for SSS LRP now!


  1. Thank you for writing and sharing your delightful experience with the SSS Eastwood branch, few people express nice things about government service. We appreciate your blog. Please encourage, also, your readers to come to this office – there is UMID Card capture and other services. ?

    • 2SMP Admin says

      Hi Rowena,
      Thanks for your comment. 🙂
      Yeah, I just wanted to share how fast the LRP application process at SSS Eastwood branch was.
      And Eugene was really helpful.
      Btw, are you from SSS Eastwood branch? 🙂
      Let me know what services you offer at Eastwood branch.
      I might be able to write another article regarding that.

  2. Martha Sinco says

    Thank you for sharing u gave me strength to apply for this program

  3. Planning to go to the nearest SSS Branch here in Novaliches though I work in Eastwood. This is a very helpful insight. Sharing to my friends too! Kudos to you

  4. Hi if ur mom can pay for the full amount is it possible to waive or at least lower the interest?

    • 2SMP Admin says

      yes, mjo mas mababa sya ng konti. kc ung 1 year installment may dagdag na 3% interest fee na un if i’m not mistaken.
      magbibigay po sila ng computation for both full payment and installment payments at papipiliin kayo kung ano convenient sa inyo.

  5. Olive silvano says

    Hi Mam. Ask ko lang po, i have read your “how to” process ng lrp.. may part kasi where you stated po na kailangan ng affidavit of residency “except SLERP..”, ibig po ba sabihin pag SLERP ang type of loan, hnd na kailangan ng A.o.R. or hnd na pwd mag-apply? thankyou po mam! 🙂

    • 2SMP Admin says

      ano po bang existing loan nyo sa sss?

    • Mam ask ko lang po dun sa affidavit na ipapanotaryo ano ung ilalagay dun sa when/disaster happened
      Need po ba na part ka ng lugar na nasalanta ng bagyo bago makakaavail ng loan restructuring program?

  6. pwede po ba magreloan tapos idedak nalang ang pending loan payable?

  7. Hello, Ma’am!

    I have questions po about sa pag-fifillup ng Affidavit of Residency (for foreign office). Ako po kasi ang magpprocess ng application ng father kong nasa abroad ngayon. Okay na po yung SPA namin at ang AoF for foreign office nalang po ang inaayos ko. Ang concern ko lang po ay dun sa part ng AoR form na Affiant/Attorney in fact dun sa form:
    (1) Name ko po ba or name nya ang dapat na nandun?
    Sa part naman po ng Subscribed and Sworn…
    (2) sa may “or Community Tax No. _____ Issues ________ at __________.” Kailangan pa po ba ng father ko ng cedula even if nasa abroad sya?

    Maraming salamat po sa inyong reply. Thank you po.

  8. Hi, thank you for this information. I just want to ask though can if you can be approved for the reconstructed loan even when you did not live in the calamity stricken area indicated by SSS? Thank you

  9. Robert NEwkirk says

    Thank you for sharing this information.

    I would just like to ask, I usually pay my LRP payments via LBC. Are there other options to pay for the payments, besides LBC? (other than personally going to the SSS branch). Thanks again.

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