Is it advisable to pay off your SSS/PAGIBIG loans with your 13th month pay or Christmas bonus?
As a general rule, we want to make the most of our money. For example, we can use our 13th month pay or Christmas bonus to open a savings account that would earn 1% per annum OR we can use these to pay off SSS/Pag-IBIG loans that charge us as much 12% per annum.
In this case, paying the SSS/Pag-IBIG loans has a greater economic advantage. So the answer is, yes!