SSS members in areas hit by the typhoon can borrow up to PHP 20,000. The loan can be repaid in twenty-four monthly installments with an annual interest of 10 percent.
Applications can be made on the website: www.sss.gov.ph, where a digital copy of the calamity loan application form can also be downloaded.
To qualify, members must have made 36 monthly contributions to SSS, with the last six of these contributions having been posted within the past 12 months before they apply for a calamity loan.
Applicants must also reside or live in a declared calamity area, be no older than 65 at the time of application, have no final benefit claim with SSS such as permanent total disability or retirement, owe no debt to SSS in the form of a short-term member loan, and have no outstanding calamity loan or restructured loan.
Once approved, the loan will be credited to the member's registered Unified Multi-Purpose Identification (UMID)-ATM card or their active account with a Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating bank.
SSS will also be conducting a webinar about calamity loans on July 31, 2024.
For additional information, you may contact them via email at [email protected] or through the portal: http://crms.sss.gov.ph. You can also inquire on the SSS Facebook Page: https://www.facebook.com/MYSSSPH
(Photos from the SSS Facebook Page)
