How to Pay SSS Loans using PRN (for Employers and Household Employers)

Paying SSS loans has become much easier with the introduction of the Payment Reference Number (PRN) system. This system simplifies the payment process, allowing employers to pay their employees’ SSS loans more efficiently and keep track of payments in real-time.

Whether you are a regular employer or a household employer, the PRN system helps you stay on top of your responsibilities. Here’s a step-by-step guide to help you make loan payments using the PRN.

prn loan payment employer

Step 1: Obtaining the PRN

The first thing you need to do is get the PRN, which is specific to each payment cycle.
There are several ways to retrieve it:

  • Email Notification: SSS sends a PRN Loans Billing Notice to the employer’s registered email address.
    This email includes a detailed breakdown of the loan amount.
  • My.SSS Account: You can also log in to your My.SSS account to view and download the PRN.
    This option is convenient because you can access it online anytime.
  • Self-Service Express Terminals (SETs): If you prefer going to an SSS branch, you can retrieve your PRN from the Self-Service Terminals available in select branches.
  • SSS Branches: Another option is to request your PRN over the counter at any SSS branch.
    Simply visit the Member Services Section, and they will assist you.

Remember, the PRN changes with each payment cycle, so you will need to get a new one for every loan payment period.

Step 2: Paying with the PRN

Once you have your PRN, you’re ready to make the payment.
You have several options for payment, depending on what works best for you:

Online Payment

The easiest option is to make the payment online through the SSS website or mobile app.
Log in to your My.SSS account, select the PRN payment option, and follow the instructions to complete your payment.
This method allows for real-time posting and confirmation, all from the comfort of your home or office.

Bank Payment

You can also pay through authorized banks that accept PRN payments.
Many banks offer this service at their branches or through their ATMs.
Some even allow you to pay through their e-Gov facility.
Here are a few banks that accept PRN payments:

  • Asia United Bank
  • Bank of Commerce
  • China Bank Corporation
  • Metrobank
  • Philippine National Bank
  • Robinsons Bank
  • UnionBank, among others.

Check with your bank to confirm if they accept PRN payments before proceeding.

SSS Branches

If you prefer to handle your payments in person, you can visit any SSS branch.
Present your PRN Loans Billing Statement with a barcode at the Tellering Counters.
SSS also has partner collection centers, including Bayad Center, SM Payment Centers, and even international partners like I-Remit and Ventaja for overseas employers.

Step 3: Confirmation and Posting of Payment

After you’ve made your payment, you will receive a confirmation to let you know that the loan payment has been posted.

  • Email Confirmation: SSS will send a notification to your registered email address confirming that the payment has been successfully posted.
    This email is your assurance that everything has been processed correctly.
  • Employee Notification: In addition to the employer, the SSS will also notify the employee via email that their loan payment has been posted.
    This helps keep everyone informed and ensures transparency.

For those who pay in person at a branch or through a bank, make sure to keep your official receipt as proof of payment.
It’s a good idea to save these for your records.

Payment Deadlines

It’s important to pay your employees’ loans on time.
The deadline for payment is on or before the last day of the month following the applicable month.
For example, if a loan is due in August, you must make the payment by the end of September.
If the deadline falls on a weekend or holiday, you can make the payment on the next working day without penalty.

Key Points for Employers

When managing SSS loan payments, here are a few things to keep in mind:

  • PRN Generation: PRNs are usually generated between the 1st and 6th of the month following the billing month.
    Make sure to retrieve the PRN early in the month so you have plenty of time to make the payment.
  • Old PRNs Expire: Once a new PRN is generated for the current billing month, the previous PRN becomes invalid.
    Always use the most up-to-date PRN when making payments.
  • Timely Payments: It’s your responsibility as an employer to make sure all loan payments are made on time.
    Late payments can result in penalties and negatively affect your employees’ loan status.

Conclusion

The PRN system makes it easier for employers to manage SSS loan payments for their employees.

With multiple ways to retrieve the PRN and various payment options, the process has become more convenient and efficient.

By following the steps outlined in this guide, you can keep everything on track and avoid any issues with late or missed payments.

Making timely payments helps keep your employees’ loan accounts in good standing, and the transparency provided by the PRN system gives you peace of mind knowing everything has been handled correctly.

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