Salary Loan Renewal allows members to apply for a new loan before fully paying an existing one. To qualify, the borrower must have paid at least 50% of the original principal and at least 12 monthly amortizations. Upon renewal, SSS deducts the outstanding balance from the proceeds of the new loan. Loan renewal helps members access fresh funds but requires careful monitoring of posted payments to avoid discrepancies and ensure eligibility.
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.
