If you’ve recently applied for a loan via the SSS portal, you will see the status of your application when you click on the “Inquiry” menu and select “Loans Info”.
Upon approval of your loan application, the status will appear as:
- “DISBURSEMENT THRU THE BANK – E” – for Encoding.
- “DISBURSEMENT THRU THE BANK – Q” – Qualified and is ready for approval. Encoding to approval normally takes 1-2 business days.
- “DISBURSEMENT THRU THE BANK – G“:
This means that the fund is still being disbursed to your bank. It is still in process and it will take 10-15 business days before it will reflect in your bank account.
From my experience, the disbursement took exactly 15 business days. My application was approved on January 15 and the amount was credited to my bank account on February 5.