SSS launches LoanLite powered by UnionBank to empower members with accessible credit and protection against loan sharks
The Social Security System (SSS) proudly announces the launch of SSS LoanLite, a groundbreaking micro-lending program powered by Union Bank of the Philippines. This initiative is designed to provide accessible, secure, and affordable credit to millions of SSS members, especially those vulnerable to predatory lending practices.
During Serbisyong NextGen – Celebrating 40 Years of SSS and UnionBank Partnership held at NuStar Hotel and Resort, Cebu last 17 September 2025, SSS President and CEO Robert Joseph Montes De Claro and UnionBank President and CEO Ana Aboitiz Delgado led the ceremonial unveiling of SSS LoanLite.
“We’ll be launching something new – a micro loan program for our members powered by UnionBank. This will really help each Filipino, members of SSS, not to fall victim to loan sharks,” De Claro said in his Keynote Message at the event.
UnionBank President and CEO Delgado talked about the partnership highlights between the two institutions and looked forward to future collaborations. “We are also proud to be the first banking partner for SSS’ upcoming micro loan program – a short-term, socially-responsive loan designed to support members in times of financial need,’ Delgado said in her Keynote Message at the event.
SSS LoanLite offers short-term loans with tenors ranging from 15 to 90 days, tailored to meet the urgent financial needs of Filipino workers, including Overseas Filipino Workers (OFWs). The program is part of SSS’s broader digitalization and financial inclusion strategy, ensuring that members can access credit without falling prey to loan sharks. The plan is to grow the loan book for SSS LoanLite to ₱40-B within the next two (2) years.
“Through our partnership with UnionBank, we are taking a bold step toward protecting our members from exploitative lending and enhancing their access to responsible financial services,” De Claro added. “SSS LoanLite is more than just a loan—it’s a lifeline for our members during times of need.”
Key Features of SSS LoanLite:
- Loan amounts tailored to member needs (range between ₱5,000 to ₱20,000)
- 15 to 90-day repayment terms
- 8% interest rate per annum plus reasonable service fee
- Fully digital application and approval process
- Direct crediting to UnionBank accounts or MySSS Card
- Protection against informal lending and loan sharks
The launch of SSS LoanLite marks a significant milestone in the public-private collaboration between SSS and UnionBank, reinforcing their joint vision of inclusive, tech-enabled financial services for all.
SSS members are encouraged to stay tuned for the official rollout (targeted by end-2025) and application details via the SSS website and UnionBank Online App. #
