Mrs. Paredes obtained a loan of P50,000 from the SSS. If the total interest of the loan was P19,500 at 9.75% per year, how long was the loan?
1. Mrs. Paredes obtained a loan of P50,000 from the SSS. If the total interest of the loan was P19,500 at 9.75% per year, how long was the loan?
Answer:
2 years and 3 months long was the loan
2. Mrs. Paredes obtained a loan of P50,000 from the SSS. If the total interest of the loan was P19,500 at 9.75% per year, how long was the loan?
Answer:
n=4 years or 4.11 years
n = 4 years and 1.5 months
Step-by-step explanation:
I = P × i × n
19500 = 50000 × 0.095 × n
n = 19500 / (50000 × 0.095)
n= 4.11 years × (12 months/year)
n = 4 years and 1.5 months
3. paano ang proseso sa pagaaply ng sss loan
Answer:
PAANO MAG APPLY?
MGA REQUIREMENTS
I-Download Fillable Member Loan Application Form
Kung ang mag-aapply ay ang Member-Borrower:
Na fill upang Member Loan Application Form
SSS Digitized ID o E-6
Kung wala pang SSS Digitized ID ay maaring magbigay ng dalawang ID bilang identification.
2. Kung ipinasa ng Awtorisadong Kinatawan ng member- borrower:
Na fill upang Member Loan Application Form na finill-upan ng Member Borrower
SS Digitized ID ng awtorisadong kinatawan o anumang dalawang valid IDs na parehong may pirma at hindi bababa sa isang may larawan
Letter of Authority (LOA) na pinirmahan ng parehong member-borrower at awtorisadong kinatawan ng member-borrower.
SS Digitized ID ng Member-borrower o anumang dalawang valid IDs na parehong may pirma at hindi bababa sa isa na may larawan.
3. Kung ipinasa ng Awtorisadong Kinatawan Employer / Kumpanya.
Na fill upang Member Loan Application Form na finill-upan ng Member Borrower
Authorized Company Representative (ACR) card na inisyu ng SSS
Letter of Authority (LOA) mula employer at anumang dalawang (2) valid IDs parehong may pirma at hindi bababa sa isang may larawan
SS Digitized ID ng Member-borrower o anumang dalawang valid IDs na parehong may pirma at hindi bababa sa isa na may larawan.
Ang orihinal o certified true copies ng mga supporting documents ay dapat na ipakita kapag isinumite na ang Loan Application.
PROSESO NG PAG A-APPLY (Filing Procedure)
Ang manghihiram ay maaaring magpasa ng salary loan application sa pinakamalapit na SSS Branch sa lugar ng paninirahan o negosyo. Ang isang miyembro na nakarehistro sa My.SSS (SSS Web Account) ay maaaring magsumite ng salary loan application online. Ang salary loan na isinumite online sa pamamagitan ng isang nagtatrabaho miyembro ay mapupunta sa My.SSS employer account para sa sertipikasyon, samakatuwid, ang employer ay dapat ding magkaroon ng isang SSS Web account.
Ang Overseas Filipino Worker na miyembro ay maaari ring mag-file ng kanilang salary loan application sa SS Representative Offices sa mga piling bansa. Sa kasong walang SSS office sa isang partikular na bansa ay maaaring sila ay magpadala ng kanilang aplikasyon at mga sumusuportang dokumento sa kanilang mga kamag-anak dito sa Pilipinas at pahintulutan ang mga ito upang mag-file sa sangay SSS. Ang mga dokumento na inibigay (issued) sa ibang bansa ay nararapat na authenticated o sertipikado ng Philippine Consulate / Embassy. Maaari rin nilang ipadala ang application at mga sumusuportang dokumento sa Foreign Expansion Branch at Monitoring Department (FEBMD) thru mail (3 / F SSS Building, East Avenue, Diliman, Quezon City) o fax (632-435-9814).
Tandaan: Ang employer ay dapat magsumite ng isang na-update Specimen Signature Card (SS Form L-501) upang ma-update taun-taon upang maiwasan ang pagkaantala sa pagproseso ng mga aplikasyon salary loan.
MAGKANO ANG MAARI KONG MAHIRAM (LOAN AMOUNT)?
Ang isang-buwan salary loan ay katumbas ng average ng pinakabagong nai-post na Monthly Salary Credits (MSCS) sa loob ng 12 buwan, o halaga-apply para sa, alinman ang mas mababa.
Ang dalawang-buwang salary loan ay katumbas ng dalawang beses ang average ng pinakabagong nai-post na MSCS sa loob ng 12 buwan, round-off sa susunod na mas mataas na buwanang salary credit, o halaga-apply para sa, alinman ang mas mababa.
Ang net na halaga ng pautang ay ang inaprubahan halaga ng loan kung saan ibabawas dito ang lahat ng natitirang balanse ng nakaraang utang ng miyembro.
SCHEDULE NG PAGBABAYAD
Ang pautang ay nararapat bayaran sa loob ng dalawang (2) taon sa 24 buwanang installments.
Ang buwanang amortization ay magsisimula sa ika-2 buwan kasunod ng petsa ng loan, kung saan ay dahil sa o bago ang deadline ng pagbabayad.
Pagbabayad ay maaaring gawin sa anumang branch SSS na may Tellering Facility, SSS-accredited bank o SSS-accredited payment center.
INTEREST AT PENALTY
4. why is it important for banks to collect all the loan requirements?
Answer:
A documentation loan is a type of loan demanding full details to substantiate income and asset statements by a borrower to obtain financing. The huge percentage of loans are loans related to secured loans requiring full documents. The borrowers use the documentation given during the underwriting process to ensure that the funding application is correct and to further evaluate the conditions of a loan agreement.
5. X owns 99% of the capital stock of sss corporation. x also owns 99% of ttt corporation. sss corporation obtained a loan from vw bank. on due date, sss corporation defaulted. ttt corporation is financiallyhealthy. which statement is most accurate
Answer:
hello I'm under the water plsss help me I'm drowning
Explanation:
6. If a car loan of Php 790,000 requires a 20% downpayment. How much is the mortgage?
120
Step-by-step explanation:
790×20=1290÷2000=120
7. What happened when my sss loan status is check generated?
When your SSS loan status is check generated, it means that your loan has been approved and the check will be delivered via mail. Once you receive it, you have to encash it. The check is issued by the Land Bank of the Philippines as the authorized bank for government loans.
You have to go to any branch of Land Bank for the check encashment. Fill out the necessary information on the back of the check. Don't forget to bring proof of identity as you will present this at the bank counter.
8. why is it important for banks to collect all the loan requirements???
Answer:
To avoid conflicts and be assured that the borrower will pay its loan. Also, for the bank to confirm if the borrower is legit and if ever she/he cannot pay the bank anymore, the bank will get some of borrower's asset or the agreed collateral
9. Enumerate 5 loans requirements of a bank?
Answer:
Sana makatulong aralwell
Answer:
Capacity to Repay
Collateral of Leverage
Capital Holdings
Character or Reputation
Conditions of the Market
10. two samples of loan requirements to corporation
Answer:
age of business and current amount of debt.
Explanation:
Age of business. New businesses often have difficulty getting funding because most lenders only lend to businesses with a track record of at least two years
Current amount of debt. The other part of the debt-to-income ratio is debt. Businesses and borrowers with too much debt will have difficulty getting new loans.
11. When sss loan check generated how long do i need to wait?
When applying for an SSS loan, the previous process called for a check, but the new one now asks for a bank account to be enrolled and the process would take no longer than 15 days. Based on my own experience when I applied for a loan recently, the process was fairly quick and easy and the loan proceeds were released into my bank account within 6 days. This was way better than when waiting for a check to be generated. During that time I had to wait for at least 21 days.
The new process calls for signing up to an My.SSS online account which can be done through their website. Then once logged in enroll a bank account under the E-services tab. A list of SSS-accredited banks would then appear. For BDO, make sure that you put in leading zeroes, which means that if your bank account is 11111 always put in 00111111 (again, for BDO only).
Always keep your bank information secure and your SSS credentials as well because as with anything involving cash, it could be prone to scamming or phishing.
#LearnwithBrainly
For more information:
Phishing: https://brainly.ph/question/345092
SSS versus GSIS: https://brainly.ph/question/2547545
12. difference of loan requirements in banking and non bank institution?
hope it helps
# Carry on learning
13. In loan application, when is a co-maker required?
Answer:
Is co-maker required in all loan transactions?
This depends on the lender. If the lender sees that you are unable
to meet all criteria or if you want to borrow money without
risking any of your assets, then applying with a co-maker could increase your chances of approval.
Step-by-step explanation:
14. What comes to your mind when you hear the word loan requirement?
Answer:
Oh, I have to collect a lot of paperwork, prepare many documents, submit them to the loan officer, wait until the underwriting completes, and then wait again for the funding, right?
Actually, this is not true.
Nowadays, borrowers can apply for a loan simply and easily, without too much paperwork and waiting.
15. Ken loaned mario p5,000,000 under a written loan agreement the principal of the loan will mature in 5 years and pays, 10% annual interest. ken required mario to submit a promissory note to secure the loan. after a year, mario incurred delay in interest payment prompting ken to require mario to mortgage his residence with a total fair value of p4,000,000 as security to the loan. compute the documentary stamp tax on the mortgage.
pro max screen shot it was just the marker
16. Why do other people recommend SSS to loan or invest some money?
Answer:
para Lalo pang lumaki Yung pera mo
17. in loan application, when is co-maker required?
Answer:
This depends on the lender. If the lender sees that you are unable to meet all criteria or if you want to borrow money without risking any of your assets, then applying with a co-maker could increase your chances of approval.
18. Which type of loan requires that you pay the interest accumulated during college?
The answer would probably most likely be Student Loans.
I'm not 100% sure on the technical name for it but to sum it up it would be Student Loans.
Hope this helps. Have a wonderful day.
19. What are the basic requirements and processes in a loan application?
Answer:
application, underwriting and closing
20. 7. Which of the following is not an example of a consumer loan?a. asset-based financingb. car loansc. mortgagesd. student loans
Answer:
C I think the answer
Step-by-step explanation:
sana nakatulong, it's me marga
21. What are the papers and documents required in a loan application?
Answer:
Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
Address proof (copy of passport/voter ID card/driving license/Aadhaar)
Bank statement of previous 3 months (Passbook of previous 6 months.
More items...•
22. Enumerate 5 loan requirements of a nonbank
Answer:
Application FormValid personal identification documentsCredit information/collateral fileCredit investigationExplanation:
23. why might someone be required to put in a down payment in order to recieve a loan?
So if they don't pay the loan back they have money still
I'm
24. list down 5 requirements for nonbank loan
Answer:
Application FormValid personal identification documentsCredit information/collateral fileCredit investigationExplanation:
25. In a car loan of Php 1,400,000 requires a 30% down payment.How much is the mortgage?
Answer:
你好
Step-by-step explanation:
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蒂莫馬拉克
哈哈哈可愛的莫納曼
dikaクラッシュNgクラッシュmo
26. how important the requirements in applying for loan
Answer:
The most important factor in deciding whether to borrow money is you. Looking at monthly and yearly budgets may help you understand just how much you can afford to make in loan payments, thus helping you decide on a loan amount.
sana maka tulong
27. in loan application, when is co-maker required?
Answer:
This depends on the lender. If the lender sees that you are unable to meet all criteria or if you want to borrow money without risking any of your assets, then applying with a co-maker could increase your chances of approval.
28. Mr. S is the MIS Director of the Social Security System (SSS). Mr. S’s mother is working in a private firm and had incurred SSS loan equivalent for a five (5) month salary. Her mother wanted to apply for another loan but was disapproved for a reason that she has a pending SSS loan. To help his mother, Mr. S altered the actual data from the SSS Information System to make it appear that her mother had no more pending loan from the SSS. Ms. SS, the approving officer of the loan, in relying on the computer – generated output of the SSS Information System approved the loan of Mr. S’s mother.1. Do you think that Mr. S is guilty of Computer Related Forgery? Why or Why Not?2. Is Mr. S is guilty of Computer – Related Fraud? Why or Why Not?3. If Ms. SS, the approving authority is aware of the scheme made by Mr. S, then is Ms. SS also guilty of computer related forgery. Why or Why Not?4. If Ms. SS, the approving authority did not approve of the loan application of Mr. S’s mother, then is Mr. S will not anymore guilty of computer related forgery? Why or Why Not?
Social Security System Loan Approval (COMPUTER FORGER AND FRAUD)1. Yes, Mr. S is guilty of Computer Related Forgery.
Definition: Computer Related Forgery is altering information for means of impersonating of stealing an identity.
Mr. S changed data and information to help his mother have a loan approved.
2. Yes. Computer fraud is defined as an offense that consists of using or falsifying data stored, being processed or in transit, in order to derive personal benefits or financial gain.Since Mr. S's purpose is to take out some loan and so this is considered as fraud. He is defrauding the Social Security System.3. No. If the approving officer is aware of the scheme she would not be guilty of it but she will be considered as an accomplice. Or she will be charged for Negligence.4. No, she will not. Since the loan did not go through, the fraud also would have been null and void. And so, if for example, authorities discovered that Mr. S. attempted to defraud the SSS, then he will still be charged of the same crime. To which it would not find Ms. SS to be at fault, whether she detected the con or not, because she did not approve of it.#SPJ1
https://brainly.ph/question/1452888 (SSS)
29. what are the common requirements in order to do a bank loan
Answer:
hope it helps
Step-by-step explanation:
have good day
30. A student obtains a simple-interest loan to pay one year of college tuition, which costs $18,000, and the annual interest rate on the loan is 6%. The student repays the loan over three years. The amount of simple interest paid is?
Answer:
A = P(1 + rt)
A = $18000(1 + (0.06 × 3) = 21240
A = $21,240.00
