I checked my SSS online a while ago to see the total contributions I have paid so far after 12 years as an employed member and 2 years as voluntary member. When I was logged in, I explored a bit until I came to Transactions menu. I was surprised when I saw Salary Loan Application link. I swear it wasn't there the last time I checked. That was a couple of months ago though. I was thinking, is it now possible to apply for salary loan online? That would be great, I said to myself. Not that I planned to take out a loan from SSS now or in the next few days but I thought it's a great step on SSS part to make members do select transactions online.
So, out of curiosity, I clicked on the link and the max amount I can loan was shown together with my home address where the check would be sent. There was an option to update my home address. Then towards the bottom was the Submit button.
I was thinking, is it REALLY possible to apply for salary loan online? Well, there's only one way to find out and it was to click the Submit button, right?
I clicked it, and lo and behold, a confirmation message that my loan application went through was displayed. I even received a confirmation email. Just like that. No more further instructions to go the office and fill up a form and sign it, show my SSS id and/or the transaction number. No, nothing.
Wow, I really thought that was not possible! But it is. And it's great. Just think about the long queue of members doing transactions in almost every SSS office everyday and you'll understand what I mean. It is now more convenient to apply for salary loan because it only takes an internet-connected PC.
I just hope this convenience would not encourage members to take out a loan and spend it on things like shoes, bags, new cellphones, new TV, etc. I just hope they will spend it on more important things. Well, the word important is relative. What I'm saying is that I hope people will make use of their loan wisely.
Now, which TV brand I should buy? A shiny, new flat screen TV would look great in my living room. Oh, I almost forgot, I need to buy a new bag. What about that pair of shoe I saw at the mall the other day? I'd love to see myself wearing it.
Hahaha...just kidding. I'm thankful to God that we don't need to take out a loan for our needs. And our wants (and there's just a few of them). He provides. When my salary loan check arrives, I know where I'd spend it - buy more stocks. The stock market is down and the stocks are cheap. Did I say shopping is one of my favorite things? Yes, it is. Shopping for stocks to add to my portfolio.
Should I buy more ALI, or CEB, or MBT, or AP, or EDC, or FPH, or...