Loan Amortization refers to the fixed monthly payments required to fully repay an SSS loan. These payments include principal and interest calculated on the diminishing balance. Amortization begins in the second month after loan release. Members must ensure their employers remit payments promptly to avoid penalties and incorrect postings.
Hospital delivery in the Philippines can easily cost ₱60,000 - ₱200,000 depending on the hospital and type of delivery.
Many parents use a credit card to manage these expenses while waiting for their SSS maternity benefits.
