The Social Security System (SSS) has unveiled SSS LoanLite, a pioneering micro-lending program in partnership with Union Bank of the Philippines, aimed at providing accessible, affordable, and secure credit to millions of SSS members—especially those most vulnerable to predatory lending practices.
The initiative was formally launched during Serbisyong NextGen – Celebrating 40 Years of SSS and UnionBank Partnership at NuStar Hotel and Resort, Cebu, on September 17, 2025.
Leading the ceremonial unveiling were SSS President and CEO Robert Joseph Montes De Claro and UnionBank President and CEO Ana Aboitiz Delgado.“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 victims to loan sharks,” De Claro said in his keynote address.
Delgado, for her part, highlighted the longstanding collaboration between the two institutions and expressed optimism about future projects.
“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,” she said.
SSS LoanLite is designed to meet urgent financial needs of Filipino workers, including Overseas Filipino Workers (OFWs). Loan amounts range from ₱5,000 to ₱20,000, payable within 15 to 90 days, at 8% annual interest plus a minimal service fee.
Applications and approvals will be done entirely online, with proceeds credited directly to a member’s UnionBank account or MySSS Card.
The program forms part of SSS’s broader digitalization and financial inclusion agenda. Within two years, SSS aims to expand LoanLite’s loan portfolio to ₱40 billion.
“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 emphasized. “SSS LoanLite is more than just a loan—it’s a lifeline during times of need.”
The launch of SSS LoanLite marks a major milestone in public-private collaboration, strengthening the vision of inclusive, tech-driven financial services for all SSS members.
The official rollout is expected by end-2025, with full application details to be made available through the SSS website and the UnionBank Online App.