SSS launches low-interest loan program to avoid ‘Sangla-ATM’

MANILA, Philippines — Host-comedian Vice Ganda offered some words of comfort and validation for “It’s Showtime” co-host Kim Chiu who is currently the subject of break-up rumors with boyfriend and fellow actor Xian Lim.

During the December 12 episode of the noontime show, in the middle of the “Expecially For You” segment which focuses on former couples, Vice and another co-host Vhong Navarro engaged in playful banter as Vice “told off” a contestant and Vhong attempted pulling Vice’s arms away.

Vice hilariously ditched the conversation to swat at Vhong, who ran backstage, and then approached Kim whom Vice joked was attending a prom because of Kim’s white outfit with black ribbons.

“Maganda ka, mabuti kang tao, maganda ang mukha mo, maganda ang puso mo, you deserve the best, you deserve love,” Vice told Kim tak ing her aside and giving her a huge embrace.

Kim then gestured to Vice to continue the segement who did so, and Kim was later approached by Vhong though the cameras and microphones did not properly catch what they discussed.

RELATED: Xian Lim takes down YouTube videos with Kim Chiu, fans hint at spl it

That same day, Xian had taken down a majority of his videos on his YouTube channel including vlogs he did with Kim, further fu eling split rumors after 11 years together (though they only went public in 2018).

Amid the breakup rumors, Xian has been linked with producer Iris Lee while Kim has for several weeks now been linked to “Linlang” co-star Paulo Avelino, with whom she will star opposite with in the Filipino version of “What’s Wrong With Secretary Kim?”

Last month, Kim denied rumors that she and Xian had split up during a thanksgiving press conference for “Linlang.”

“Grabe! Kayo talaga, baka nalilinlang lang kayo,” Kim said at the time. “Okay naman po kami ni Xi. Oo, mapanlinlang ang showbiz, pero maayos naman. Masaya naman po.”

RELATED: ‘Nalilinlang lan g kayo’: Kim Chiu denies breakup rumors with Xian Lim

MANILA, Philippines — The Social Security System (SSS) on Tuesday urged its retiree-pensioners to avail of the agency’s low-interest pension loan program (PLP) to cover their financial needs instead of borrowing from “Sangla-ATM” money lenders.

“ATM-Sangla” borrowing is a loan scheme in which a person would need to surrender his/her ATM card until the money borrowed is paid. Its interest is usua lly high and may reach up to 20%.

Rolando Macasaet, president and chief executive officer of SSS, announced the launching of the PLP for private sector workers, which features a notably low annual interest rate of 10%, distinctly more favorable compared to the rates charged by other loan providers.

“Aside from low-interest rate, SSS will not require them to surrender their ATM cards as collaterals, unlike the practice of some private lending institutions. We also do not charge any processing or service fee when they avail of the pension loan,” Macasaet said.

Eligible retiree-pensioners have the option to secure a loan amount ranging from three, six, nine to 12 times their basic monthly pension, including the additional P1,000 benefit, or their combined monthly pension, with a maximum loan cap of P200,000.

SSS also said that they will ensure that the retiree-pensioners’ net take-home pension is at least 47.25% of their aggregate monthly pension when they start paying the monthly amortization for the pension loan.

To be eligible for the PLP, retiree-pensioners of the SSS must satisfy the following criteria:

For individuals utilizing the PLP, the initial monthly payment for pension loans is expected in the second month following the approval of the loan by SSS.

Additionally, the 1% service fee is omitted to assist in covering the expense of the borrower’s premium for Credit Life Insurance.

Upon approval, the funds from the loan will be deposited into their designated bank account or UnionBank quick card. This process takes three working days for online applications and five working days for those submitted in person at an SSS branch.

More News


Bear with me. This will b

Scroll to Top