The SSS Salary Loan Releases Thru-the Bank Program thru UBP-via ePaycard Quick Card is a program wherein SSS authorizes UBP to provide an efficient and convenient mode for the release of salary loan proceeds of the member-borrowers. It can be either direct crediting to SSS member-borrower’s UBP Quick Card, which is an ATM card linked to Union Bank savings account, or if readily available, through existing UBP Checking/Savings Account.
The SSS require member-borrower who opt to avail of the UBP ePaycard Quick Card to indicate such option in the Member Loan Application Form or they can enroll their UBP PayCard in their Disbursement Account in their SSS Online Account.
The SSS member-borrowers may use their existing UBP Current/Savings Account or open a UBP Quick Card account for the release of their salary loan proceeds.
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There is a UBP on-site kiosk manned by UBP personnel will be stationed in selected SSS branches to facilitate member-borrower’s account opening thru UBP e-Paycard Quick Card or to certify the correctness of the existing UBP Current/Savings Account Number.
Member-borrower who will avail of the program for the first time must file the member loan application personally.
Metro Manila
North Luzon
South Luzon
Visayas
Mindanao
UBP shall fund directly the member-borrower’s account within two (2) days from the receipt of debit advice from SSS. The cut-off time for same day funding is 12:00 noon.
The loan proceeds shall be available to member-borrower’s account within three (3) to five (5) working days from approval date of the loan.
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