Sss disclosure statement on loan credit transaction 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the 'Name of Borrower' and 'Address' in the designated fields. Ensure accuracy as this information is crucial for identification.
  3. In the 'Loan Granted' section, input the total amount to be financed. This is essential for calculating finance charges.
  4. Fill out the 'Finance Charges' section, specifying interest rates (simple or compound) and any applicable fees such as processing or appraisal fees. Be thorough to avoid discrepancies.
  5. Complete the 'Non-Finance Charges' section by detailing any additional costs like insurance premiums and taxes.
  6. Review the 'Schedule of Payment' area, indicating payment frequency and amounts. This helps in planning your repayment strategy.
  7. Finally, ensure you sign and date the document at the bottom to acknowledge receipt and agreement with terms.

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Thru Check Verification of status may be made thru the SSS Website at .sss.gov.ph or contact our Call Center at 920-6446 up to 55 or 917-7777. A DISCLOSURE STATEMENT ON LOAN TRANSACTION SHALL BE ISSUED BY SSS TO THE MEMBER-BORROWER UPON APPROVAL OF HIS/HER MEMBER LOAN APPLICATION.
Disclosure Statements The disclosure statement informs the borrower of the date(s) the loan funds are expected to be disbursed and the anticipated disbursement amounts, and discloses certain loan terms and conditions, such as how the borrower may cancel all or part of the loan.
A disclosure statement is usually also part of a loan, stating details of the transaction such as the interest rate, fees, the amount borrowed, loan insurance, any prepayment rights, and the borrowers responsibilities.
You can check through your My. SSS account and click on INQUIRY and then LOAN INFO. Here, youll be able to see your loan status and other details. On another hand, youll also receive a notification via SMS if the loan proceeds have been credited to your disbursement account.
The disclosure statement is a document that must contain information concerning the assets, liabilities, and business affairs of the debtor sufficient to enable a creditor to make an informed judgment about the debtors plan of reorganization.