The Social Security System (SSS) announced Friday that SSS housing loan mortgagors or borrowers should present a payment reference number (PRN) for their loan payments beginning June 2024 for easier transactions that will be posted on the same day.
SSS president and chief executive Rolando Ledesma Macasaet said the transition to real-time processing of loans (RTPL) is designed to enhance the convenience of housing loan borrowers.
Macasaet said that it enables the real-time posting of housing loan payments to individual loan accounts, ensuring a seamless and efficient process.
“The PRN for loans is a system-generated number corresponding to a loan billing statement of the individual loans by the borrower, which contains certain characters to distinguish the housing loan from other SSS loan programs,” he said.
He said borrowers with outstanding loan obligations in the direct individual housing loan program and direct housing loans for overseas Filipino workers (OFWs), workers’ organization members and trade union members (TUM) should have a PRN whenever they pay their loan payments.
SSS senior vice president for lending and asset management group Pedro Baoy said the fund would send a monthly billing containing the PRN to the mortgagors’ registered email addresses and mobile numbers.
“We strongly advise our housing loan borrowers to take responsibility for keeping their contact details with the SSS up-to-date. This will ensure they receive the PRN they need for every housing loan payment transaction, contributing to a smooth and timely payment process,” Baoy said.
Baoy said borrowers could also get a PRN at the SSS Housing and Acquired Assets Management Department, SSS Investments Accounting Department or SSS Member Loans Department in the SSS Main Office, Quezon City.
Baoy said mortgagors would have one PRN for each outstanding SSS loan. “For example, if a borrower has an original housing loan and a Housing Repair and Improvement Loan, he/she will get two separate PRNs for each loan.”
He said borrowers could obtain the PRN every 10th day of the month.