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SSS Unveils Affordable Micro-Lending Program to Shield Members from Predatory Loans
29 Sep, 2025
Summary
- SSS launches SSS LoanLite, a micro-lending program with UnionBank
- Offers short-term loans of ₱5,000 to ₱20,000 payable in 15 to 90 days
- Aims to provide accessible and affordable credit to SSS members
As of September 2025, the Social Security System (SSS) has launched a new micro-lending program called SSS LoanLite, developed in partnership with UnionBank of the Philippines. This initiative is designed to provide accessible, secure, and affordable credit to millions of SSS members, particularly those vulnerable to predatory lending practices.
According to SSS president and CEO Robert Joseph de Claro, the program will "really help each Filipino, members of SSS, not to fall victims to loan sharks." UnionBank's president and CEO, Ana Delgado, described SSS LoanLite as "a short-term, socially-responsive loan designed to support members in times of financial need."
The program offers loans ranging from ₱5,000 to ₱20,000, with tenors of 15 to 90 days. This is tailored to meet the urgent financial needs of Filipino workers, including those based overseas. The application and approval process is fully digital, with funds being credited directly to UnionBank accounts or the MySSS Card.
SSS LoanLite is part of the pension fund's broader digitalization and financial inclusion strategy, ensuring that members can access credit without falling prey to loan sharks. The plan is to grow the loan book for SSS LoanLite to ₱40 billion within the next two years.
