Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Lower SSS loan rates start in Q3
Manila Bulletin
|May 3, 2025
State-run Social Security System (SSS) said the private sector and Filipinos working abroad will benefit from lower interest rates on salary and calamity loans starting the third quarter of the year, with the reduction to single-digit rates set to take effect in July.
“From the current interest rate of 10 percent, salary loan interest rate shall be reduced to eight percent while calamity loan interest rate shall be reduced to seven percent,” SSS President and Chief Executive Officer (CEO) Robert Joseph M. De Claro said in a statement released on Friday, May 2.
De Claro noted that the proposal to lower interest rates on salary and calamity loans, which was announced earlier this year, was already approved by the policy-making Social Security Commission (SSC), chaired by Finance Secretary Ralph G. Recto.
This story is from the May 3, 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Growing threat of résumé fraud in PH workforce
more structured approach.
1 min
March 1, 2026
Manila Bulletin
NHMFC modernizing PH mortgage assets
The National Home Mortgage Finance Corp. (NHMFC) partnered with blockchain developer Bayanichain Tech Inc. to digitize its housing finance securitization process, aiming to bolster transparency and operational efficiency in the state-run agency’s secondary mortgage operations.
1 mins
March 1, 2026
Manila Bulletin
From conflict to lifelines of hope: Reimagining the RP-ROK partnership
As we prepare for the historic State Visit of President Lee Jae Myung on March 3 to 4, during the Philippines’ Chairship of ASEAN, we are not merely preparing for ceremonies.
3 mins
March 1, 2026
Manila Bulletin
From blood alliance to strategic partnership: Korea and the Philippines at a new turning point
Seventy-five years ago, when freedom on the Korean Peninsula hung by a thread, the first Asian nation to extend a hand was the Philippines.
2 mins
March 1, 2026
Manila Bulletin
Tigresses stamp class vs Warriors
University of Santo Tomas extended its brilliance before its home crowd as it scored a 25-11, 25-14, 25-14 win over University of the East to go two in a row in the UAAP Season 88 women's volleyball at the UST Quadricentennial Pavilion in Manila Saturday, Feb. 28.
1 min
March 1, 2026
Manila Bulletin
Judiciary mandated to combat corruption
Constitutional mandate is not solely to resolve cases – SC Justice Singh
2 mins
March 1, 2026
Manila Bulletin
Dominant wins highlight Davao duels
Statement victories defined the High Intermediate Level finals of the Pickle Fest 2026 Adult Categories Sectional Tournament at Pickletown here on Friday, Feb. 27, with champions, asserting their class through commanding performances that underscored preparation, chemistry and tactical discipline.
1 min
March 1, 2026
Manila Bulletin
Republic of Estonia celebrates 108th Independence Anniversary
The Honorary Consulate of the Republic of Estonia in Manila joined Estonians around the world in celebrating the 108th anniversary of Estonia’s Independence Day on Feb. 24, 2026.
2 mins
March 1, 2026
Manila Bulletin
Panagbenga grand street dancing tilt unwraps
The grand street dancing competition of the 30th Panagbenga Festival with the theme Blooming Without End was held here on Saturday, Feb. 28.
2 mins
March 1, 2026
Manila Bulletin
FFCCCII sets Oct. business summit
The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) will host the Association of Southeast Asian Nations (ASEAN)-Chinese Business Leaders Summit in Metro Manila this October as part of efforts to attract foreign direct investments (FDIs) and promote the Philippines as a regional tourism and business hub during its 2026 ASEAN chairmanship.
1 min
March 1, 2026
Listen
Translate
Change font size