#UsapangPera: Mga Tips sa Pagyaman with Sir Vince tackles money issues such as savings, loans, budgeting, and investing among others. Visit Sir VInce's website: www.vincerapisura.com. How to join SEDPI Coop: 1. Join SEDPI Foundation at bit.ly/SEDPIOnlineSRI by clicking “Register” and filling out the form 2. Take the online Pre-Membership Education Seminar (PMES) at bit.ly/SEDPICoopPMES 3. Pay membership fee and initial share capital Simulan ang pagiinvest the socially responsible way sa: bit.ly/SEDPIOnlineSRI Sagot sa mga Frequently Asked Questions: https://bit.ly/sedpi-sri-faq Isubmit ang ibang pang inquiries o requests sa: https://bit.ly/sedpi-inquiry Pag-IBIG MP2: * Watch the play list: https://www.youtube.com/playlist?list... * How to invest: https://m.me/vincerapisura?ref=w13160758 SSS Retirement: Watch the playlist https://www.youtube.com/playlist?list... How to invest 100K: https://youtu.be/dxHRZn7uP-4 Celebrity guests include venus Raj (Season 1); Nicole Cordovez and Sinon Loresca (S

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So sa Consolidated Loan Amount natin, lahat ng Outstanding Principal and Interest of the Member Borrower's Pass Due Loan

shall be combined into one Consolidated Loan.

O kung mapapansin nyo dito ha, hindi naisama yung penalty.

Kasi nga, i-condone yung penalty pero given specific conditions yan na ibabanggitin natin mamaya.

So example natin, itong si Diego. May tatlong loan si Diego sa SSS.

Ito ay Calamity Emergency at saka Salary Loan.

Pass due na ang mga ito at gusto niyang mag-apply sa Consolidated Loan Program ng SSS.

So ano yung sitwasyon nitong si Diego? So tignan natin.

So mayroon siyang tatlong pass due na loans.

So Salary Loan, ito yung una, and then Calamity Loan, and then Emergency Loan.

So kung makikita natin dito, dito sa Salary Loan meron siyang interest na balance 6,000 plus penalty 7,436

tapos ang balance niya plus the principal ay 26,414.

Sa Calamity Loan, 14,023 at saka sa Emergency Loan ay 7,322.

Okay? So pag titignan natin ngayon yan, ang gagawin, i-consolidate siya into one loan.

So i-add yung interest, principal, at saka yung balance.

So i-add lahat yung mga yan.

So pag i-add natin yan, ang total na consolidated balance niya ay 35,781.

Pero kung hindi siya mag-apply dito sa Consolidation and Condonation Program,

babayaran niya itong halos 12,000 na penalty.

So kung mag-a-apply siya ng Penalty Condonation Program, mawawala ito.

Hindi na niya babayaran. So ito na lang yung kanyang babayaran.

Okay? So yan yung consolidated loan ni Diego.

So ito yung payment terms. So one-time or full-time payment, yung isang option dyan.

At itong one-time or full-time payment, dapat mabayaran mo yung kabuuan noong due within 30 days.

So sa sitwasyon ni Diego kanina na nakita natin, kailangan kung i-off ni Diego na

ay one-time payment na lang yan kasi meron akong trabaho o kung ano man,

dapat within 30 days, babayaran niya itong 35,781.

At kapag nabayaran na niya ng buo ito, itong penalty ay condoned na.

Meaning, hindi na niya babayaran at ikaw ay napatawad na ng SSS sa iyong pagkakautang.

Okay. So yun yung one-time or full-time payment.

At ang option mo lang ay one-time or full-time payment

kapag ang consolidated loan mo ay equal or less than to P5,000.

That means, kapag less than or equal to P5,000 yung na-consolidate na loan,

wala kang choice kundi one-time payment lang talaga ang gagawin mong payment term.

So if more than that, pwede kang magkaroon ng installment plan na tinatawag.

So itong installment plan, magda-down payment ka muna ng at least 10% of the consolidated loan amount.

Minimum yun, pwede ka naman na magtaas.

So kung mas mataas, mas okay.

Tapos, babayaran mo yung 10% na down payment na yan within 30 calendar days

from the receipt of the notice of approval.

From there, magmamonthly ka na pagkatapos ng 10% down payment, magmamonthly ka na.

At gaano katagal yung pupwede natin na makuha, ito yung table dyan na maximum repayment terms natin.

So kapag up to P5,000, 30 days lang yan.

Pag P5,000 to P10,000, 6 months.

P10,000 to P18,000, 12 months.

P18,000 to P36,000, 24 months.

P36,000 to P54,000, 36 months.

P54,000 to P72,000, 48 months.

At saka more than P72,000 ay 60 months.

So that means na-consolidate na lahat talaga yung loan natin, principal plus interest.

So dito sa nakita natin kay down payment ni Diego, ita-try natin na i-compute.

So dito, masyadong maliit ito ha, dyan.

So P35,781 times 10%, okay.

So ang down payment natin ay P3,578.

Yan yung down payment.

Tapos yung P35,781 ay susubract natin yan dun sa principal.

So P32,203 yung lumalabas.

So yan ay i-amortize natin for two years.

So yan yung mangyayari dyan.

So bakit siya i-amortize for two years?

Kasi kung babalikan natin dito sa table na ito, yung P32,000 ay 18,000 to 36,000

hanggang 24 months lang niyang pupwedeng i-maximum na payment term.

So pwede naman na mas maikli kung gusto ni Diego, pwede niyang gawin yun.

Pero ang maximum ay 24.

So kung mas malaki yung balance, pupwedeng mas matagal hanggang 60 months.

Pero ako sa inyo, huwag nyo nang pinapatagal ang utang.

Dahil ang utang ay asawa ng kahirapan.

Lagi po nating tatandaan yan.

Okay, advance payment, the member may pay earlier than the maximum term

by choosing a shorter payment term.

Pupwede naman tayo na gagawin yun.

Tapos pupwede rin tayong mag-choose to pay in full at any given time

during the installment period para wala ng sakit sa ulo.

Upon final benefit claim, kunwari inabutan na tayo ng retirement

o kaya bigla tayong magkaroon ng disability at mag-access tayo ng permanent disability claim,

yung retirement, total disability or death benefit claim application

ay ang mga unpaid consolidated loan balance natin

consisting of the principal and interest with the applicable amount of penalty condoned

shall be deducted from the benefit proceeds.

So ibabawas siya doon sa matatanggap mo

kapag inabutan ka ng total disability claim

o kaya death benefit claim o kaya retirement claim.

Final claims na po kasi ang tawag sa mga yoon.

Ang interest rate naman kapag tayo ay nag-consolidated loan

ay 10% per annum based on diminishing principal balance

until ma-fully pay natin ang consolidated loan

at i-amortize siya over the period approved term 6-60 months until ma-fully pay natin.

Kasi kapag tayo ay nagbayad na ng one-time payment

wala nang babayaran ng interest rate kasi 30 days yung binigay na palugit.

Any excess in the amortization payment shall be applied to the outstanding principal balance.

So pag titignan natin dito, we have an example of an amortization schedule

so ito yung amortization ni Diego.

So ito yung amortization ni Diego, 32,203 yung tirang balance

ang amortization niya ay 1,486

ang 268 ang interest at 1,218 ang principal.

So pag in-add mo ito, yan yung amortization, yan yung monthly niya for 24 months.

Thanks for watching!

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