The Social Security System (SSS) plays a vital role in the financial security of Filipino workers. One of the benefits offered by SSS is the salary loan program, which can help members meet various financial needs. However, timely repayment is crucial to maintain good standing with SSS and avoid penalties.
This article explores the different methods available for paying your SSS loan through Asia United Bank (AUB), a trusted partner of SSS.
Contents
How to Pay SSS Loan Using Asia United Bank
There are two primary ways to settle your SSS loan using AUB:
- Over-the-counter (OTC) Payment: This traditional method involves visiting an AUB branch and making a cash payment.
- Online Payment via AUB Internet Banking: This method offers convenience and allows you to pay your SSS loan from the comfort of your home.
Method 1: Over-the-Counter (OTC) Payment at AUB Branch
Step 1: Gather Required Documents
Before heading to an AUB branch, ensure you have the following documents:
- SSS Member ID: This is your primary identification for SSS transactions.
- Payment Reference Number (PRN): This unique number identifies your specific loan payment. You can obtain your PRN from your SSS online account, SSS mobile app, or any SSS branch.
- Cash for Payment: Have the exact amount of your loan payment readily available to avoid delays.
Step 2: Proceed to the AUB Branch
Locate a nearby AUB branch. You can find branch locations and operating hours on the AUB website https://www.aub.com.ph/branch.
Step 3: Fall in Line at the Teller
Once inside the branch, take a queue number for teller transactions.
Step 4: Inform the Teller of Your Transaction
When it’s your turn, inform the teller that you wish to make an SSS loan payment.
Step 5: Provide Required Documents
Hand over your SSS Member ID, Payment Reference Number (PRN), and the cash payment amount to the teller.
Step 6: Verify Information and Receive Receipt
The teller will verify the information and confirm the payment amount. Once everything is accurate, you will receive an official receipt for your SSS loan payment.
Important Reminders for OTC Payment:
- Double-check your PRN before proceeding to ensure you’re paying the correct loan.
- Keep your receipt as proof of payment.
- Transactions made over the counter may reflect in your SSS account within 24 to 48 hours.
Method 2: Online Payment via AUB Internet Banking
Step 1: Enroll in AUB Internet Banking
If you haven’t already, you’ll need to register for AUB Internet Banking. This process can be done by visiting your nearest AUB branch or by following the instructions on the AUB website https://www.aub.com.ph/.
Step 2: Log in to Your AUB Internet Banking Account
Once enrolled, access your AUB Internet Banking account using your username and password.
Step 3: Navigate to Bills Payment Section
Locate the bills payment section within your AUB Internet Banking platform. The exact location may vary depending on the specific interface.
Step 4: Choose “Social Security System” as Biller
From the list of available billers, select “Social Security System” or its equivalent option.
Step 5: Enter Your SSS Member ID and Payment Reference Number (PRN)
Input your SSS Member ID and the Payment Reference Number (PRN) associated with your SSS loan payment.
Step 6: Review and Confirm Payment Details
The system will display the payment details, including the loan amount and any applicable fees. Carefully review the information to ensure accuracy.
Step 7: Schedule or Process Payment
Choose whether to schedule the payment for a future date or proceed with an immediate payment.
Step 8: Verify and Submit Payment
A confirmation screen will be displayed. Verify the details once more before submitting the payment.
Important Reminders for Online Payment:
- Ensure you have sufficient funds in your AUB account to cover the loan payment amount.
- Online payments typically reflect in your SSS account within 24 hours.
- Retain the online transaction confirmation or receipt for your records.
Benefits of Online Payment
- Convenience: Pay anytime, anywhere, without visiting a branch.
- Time-Saving: Avoid queues and save time compared to OTC transactions.
- Payment Tracking: Easily monitor your transaction history and payment status online.
- Pay on Time: Consistent on-time payments help maintain a good credit history with SSS, which can be beneficial when applying for future SSS loans or benefits.
- Set Up Automatic Payments: Consider enrolling in AUB’s automatic debit facility (if available) to ensure your loan payments are deducted automatically on their due dates. This helps avoid late payment penalties.
- Monitor Your Loan Status: Regularly check your SSS online account or mobile app to track your loan balance and payment history.
Conclusion
Paying your SSS loan on time is crucial to financial well-being and maintaining good standing with SSS. AUB offers two convenient methods for settling your SSS loan – over-the-counter payments at any AUB branch and online payments through AUB internet banking. Both options provide flexibility and ease for SSS members. Choose the method that best suits your needs and preferences.
Remember to keep your payment receipts for reference and make timely payments to avoid any penalties. By following these tips and utilizing the convenient payment channels offered by AUB, you can ensure a smooth and hassle-free SSS loan repayment experience.
Disclaimer: The information provided in this article is for general guidance only and should not be considered as financial advice. Please refer to the official websites of SSS https://www.sss.gov.ph/ and AUB https://www.aub.com.ph/ for the latest information on SSS loan payments and AUB’s banking services.