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Manila Bulletin devider Philippines devider National devider Computer-generated reference numbers required for short-term SSS loan payments starting April 1

Computer-generated reference numbers required for short-term SSS loan payments starting April 1

Published Feb 6, 2021 11:17 am

Computer-generated Payment Reference Numbers (PRNs) will be required for short term payments starting April 1, 2021, the Social Security System (SSS) has announced.

(Julian Abram Wainwright/Bloomberg file)

The PRN is a system-generated number corresponding to an individual number's loan billing statement or employer. It helps facilitate the immediate and correct posting of loan payments to their matching loan accounts.

According to SSS President and CEO Aurora C. Ignacio, they started to implement the use of PRNs for short-term member loan payments last year as part of the fund’s Real-Time Processing of Loans (RTPL) program.

Transactions covered by the system include salary, calamity, emergency, and restructured loans, he noted.    

“Since November 2020, we have been sending loan billing notices to member-borrowers and employers. This loan billing statement or notice contains a corresponding PRN, which individual members and employers must present when paying at SSS branches with Automated Tellering System (ATS) or any RTPL-compliant collecting partner,” Ignacio said in a statement issued Friday, Feb.5. 

Individual members and employers will receive their loan billing notices with corresponding PRN via email and registered mobile numbers. PRN must be presented when paying at SSS branches with Automated Tellering System (ATS) or any RTPL-compliant collecting partner.

Loan payments

Upon payment, individual members or employers can either print out a copy or capture a screenshot of the PRN Loans Statement of Account with the corresponding barcodes, accessed through the "RTPL PRN" module of their My.SSS account. They may also present the SMS of loans PRN received from the SSS.

Payments can also be made through RTPL-compliant partners, Security Bank, and Union Bank of the Philippines. Individual members may repay their loans using PRNs with foreign branches of the Philippine National Bank.

Employers may course PRN loan payments through BancNet's eGov facility via the Asia United Bank, Bank of Commerce, China Bank Corp., CTBC Bank, Metropolitan Bank, and Trust Company, MUFG Bank, Philippine Bank of Communications, Philippine National Bank, Rizal Commercial Banking Corp., Robinsons Bank, Standard Chartered Bank, and United Coconut Planters Bank.

A confirmation email will be sent to individual members and employers after posting their payment.

Non-PRN loan payments will be accepted only until March 31 through SSS collecting partners that are not yet compliant with the RTPL system requirements and SSS branches with ATS.

The SSS launched the RTPL program in November as part of its compliance with President Duterte's directive to digitize business processes, in line with the Ease of Doing Business Act of 2018.

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