The Social Security System is offering calamity loans for Filipinos who are suffering from unexpected emergencies and disasters. The calamity loan is particularly designed to provide financial assistance for the people who are affected by calamities.
Here in this article, we will look at the details related to the SSS calamity loan, its deadline in 2024, the requirements, and areas that are eligible for the loan. You need to make sure to pay attention to the guide below to understand what the loan is all about and how you can apply.
What Is The SSS Calamity Loan? Amount & Repayment Schedule
The Philippine government is providing financial assistance via a Social Security System loan program. It particularly aims to provide financial help to those who are suffering from sudden emergencies or calamities.
The loan amount given to the qualified members is equivalent either to a one-month salary credit or up to P20 000. After receiving the loan you can repay it within a two-year period that becomes 24 monthly installments.
SSS Calamity Loan Deadline 2024
The deadline to apply for loan applications for affected members is before 20th August 2024. You can submit your loan applications online via your My.SSS account.
SSS Calamity Loan Requirements
Here is the list of the requirements that you must have to fulfill before applying for the loan. You have to make sure to gather all these necessary documents so that your application procedure gets working smoothly without interruptions.
One thing that you have to keep in mind is that there are chances that you might have to submit other documents on request depending upon policies and specific circumstances. The requirements that you have to fulfill to get an SSS calamity loan include,
- Active SSS or contributions for a minimum of 36 months that is three years.
- You have to submit your residential address which should be in a declared calamity area by the NDRRMC National Disaster Risk Reduction And Management Council or LGU which is a Local Government Unit.
- You also have to submit the documents proofing six months’ monthly contributions within the last 12 months before the calamity hits.
- Valid ID card and documents
- You have to submit an accomplished Calamity loan application form.
Areas Eligible For SSS Calamity Loan 2024
The SSS calamity relief assistance is offered in calamity areas declared by the National Disaster Risk Management Council. The areas include Quezon; Naujan, Calapan, and Puerto Galera in Oriental Mindoro; Batangas; Gasan, Mogpog, Boac, and Torrijos in Marinduque; Albay, Catanduanes and Camarines Sur and Jipapad, Oras, Maslog, Dolores, Taft, Can-avid, Sulat, Arteche, and San Policarpo.
How To Apply SSS Calamity Loan Online?
The online application procedure for applying for an SSS calamity loan is much more convenient and quick. You just have to follow the step-by-step procedure mentioned below to apply for an SSS calamity loan. To apply for the loan you have to do is to,
- Visit the official website of SSS. For that, you have to click on sss.gov.ph.
- After opening the official website of SSS, you have to log into your account.
- In case you have an account you simply have to log into your account otherwise you have to first register yourself.
- Then look for the option saying “e-Services”.
- Click on that and then click on “Apply For Calamity Loan Option”.
- A page will open in front of you. This is the application form.
- Fill it with proper attention, accuracy, and appropriate details.
- You have to provide complete information about you.
- Then wait until your application goes through the verification procedure.
- The organization will assess and check for the eligibility of the applicant and will determine the loanable amount that they can give you.
- If your application is approved, you will receive a response from the organization regarding your application status.
Is the SSS calamity loan available now?
Yes, the SSS calamity loan is currently available. You can submit the loan applications before 20th August 2024. Make sure to submit them online from your My.SSS account.
Can I apply for SSS calamity if I am unemployed?
Yes, you can apply for an SSS calamity loan if you are unemployed as long as you meet the eligibility requirements. The eligibility requirements include, you should be an active SSS member and having the required number of contributions. Moreover, you also have to make sure that you have a valid ID card and that you live in a declared calamity area.
How long does it take for the SSS calamity loan application to be processed?
The time SSS calamity loan application takes for processing varies according to the information you have provided. It approximately takes somewhere about two to three weeks and not more than that to get your loan approved from SSS.
Can I use an SSS calamity loan for any purpose?
Yes, you can use SSS calamity loans for any purpose. But keep in mind that the loan is particularly intended to provide financial assistance so that the affected people can recover from the effects of the disaster.
What should be your age to be eligible for an SSS loan?
To apply for an SSS loan your age must be under 65 years. Make sure to keep in mind to measure the age when you’re applying for the loan.
Undoubtedly SSS calamity loan is providing a lifeline for those families or individuals who are affected by unexpected emergencies or disasters. You can apply for the SSS calamity loan if you fulfill the eligibility requirements mentioned above.
Make sure to fulfill all the requirements before applying so that your application procedure goes smoothly to approval. Moreover, make sure to understand the application procedure, the declared calamity areas, and other information mentioned above so that you can understand how to apply and get the most benefits out of this loan service in the Philippines.