MANILA, Philippines – Addressing a critical need for accessible credit, UnionDigital Bank (UD) today officially launched its partnership with the Social Security System (SSS) for the Micro-Loan Program, also known as SSS LoanLite. This initiative aims to empower qualified SSS members, with a strong focus on Overseas Filipino Workers (OFWs), by providing vital funds for their immediate financial needs.
SSS LoanLite provides SSS members with convenient access to short-term loans. The application process is seamlessly integrated within the UD App. Once onboarded, members don’t just gain access to SSS LoanLite; they unlock the full suite of UD’s products. This includes unlimited and free InstaPay transfers, seamless bill payments to over 500 merchants, and a high-interest UD Save account.
The ceremonial signing, a testament to a shared vision of financial inclusion, brought together key leaders from both organizations, solidifying a collaboration poised to redefine digital lending for millions of Filipinos.
“This partnership with SSS is a monumental step towards realizing UnionDigital Bank’s brand promise to empower Filipinos to take control of their financial goals anytime, anywhere,” stated by Danilo “Bong” Mojica II, PhD, President and Chief Executive Officer of UnionDigital Bank. “By bringing the SSS LoanLite directly to the UD App, we are demonstrating how technology can effectively remove barriers to financial services, making support closer and more accessible to our members. For our OFWs, this means continued support for their families and effective management of financial responsibilities, even from thousands of miles away. With accessible digital tools and support within reach, we hope to remind every Filipino that when it comes to securing their family’s future, UnionDigital Bank is their ka-diskarte in progress. With UD, Kaya Mo!”
SSS meanwhile expressed optimism that the partnership with UnionDigital will be instrumental in reaching a wider, more diverse member base, especially among OFW members. The SSS mandate is clear: to serve and protect members. LoanLite is designed to provide SSS members with a convenient, accessible, and responsible short-term financing option. Partnering with UnionDigital Bank allows SSS to leverage its digital infrastructure to make SSS services more accessible and responsive.
For Filipino families, including those supported by OFWs, this partnership provides peace of mind. Loan proceeds are credited directly to the member’s UD Save account, allowing immediate access. Funds can be transferred instantly and free of charge via InstaPay, bills can be paid digitally, and savings can grow in a high-interest account.
UnionDigital Bank steps forward as a genuine ally—a ka-partner in progress—by enabling every Filipino in their financial journey. It underscores the program’s relevance to Filipinos, whether they are at home or courageously working abroad, ensuring their dreams are within reach.
