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Sub: Request for No Deduction from Salary (State your actual situation). I request you to not cut my salary for this month as I am in urgent need of money. I shall be really thankful to you for this act of kindness. I will also assure to do overtime next month to balance the working hours.
How To Pay SSS Salary Loan: A Step-by-Step Guide. Employed members can pay their loans through automatic salary deductions. Meanwhile, members who belong to other categories (i.e., OFWs, voluntary, and self-employed) must pay the loans by themselves.
Any unpaid loan amortization shall bear a penalty of 1.5% for every month of delay. If the mortgagor fails to pay at least six (6) monthly amortizations, the SSS may immediately foreclose the mortgaged property.
The short-term member loan penalty condonation program will consolidate the total amount of a borrower's outstanding principal and interest accumulated from past due loans. Settlement can either be a one-time full payment or through installments.
A defaulted account is subject to 10% interest per annum charged on the outstanding principal balance and 1% penalty per month on unpaid principal and interest until fully paid. A service fee of 1% of the loan amount shall be charged and deducted from the proceeds of the loan.
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People also ask

Salary Deduction means an agreement between the employee and the employer, on behalf of the Council, to deduct amount from the employee's wages for the purpose of purchasing or contributing to the purchase of benefits as allowed under federal and state laws. (
SOCIAL Security System (SSS) President and CEO Michael G. Regino is urging members with past-due loans to avail of the Short-Term Member Loan Penalty Condonation program or Pandemic Relief and Restructuring Program 5 (PRRP 5) before it ends on May 14, 2022.
SSS account. Click on \u201cInquiry\u201d and then \u201cLoan Info.\u201d Here, you'll see your SSS loan status and other loan details. You'll also receive another notification via SMS if the loan proceeds have already been credited to your disbursement account.
Salary request letter example I am very thankful for the past months in this year that I have received all my salary on time. I am writing to inform you that I have not received the salary of \u20b945,000 for November 2021, as of 5th December 2021. I am writing to request my salary, as I am currently financially strapped.
For example, if the salary of an employee is Rs 26,000 pm and the number of working days in a month are 26 - if the employee takes Leave without pay for 3 days, 3 x 26,000/26 = 3,000 would be deducted.

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