How to Apply for an SSS Calamity Loan Online
Aug 31, · Instructive guides in the application process can be found at SSS Inquiries: Step-by-step guide on how to apply for SSS COVID Calamity Loan and SSS Answers: Step-by-step guide for SSS Calamity Loan Application. Expect proceeds within 10 banking days from the application . Mar 30, · Calamity Loan is usually being offered by SSS whenever there is a calamity that happened in an area (e.g Typhoon, Earthquake, war, and unexpected incidents). To know if there is a Calamity Loan being offered to SSS Members in your area, you may inquire to SSS Contact Centers or Branches near you.
SSS Calamity Loan is a special loan, not available anytime for all members. Calamity Loan is usually being offered by SSS whenever there is a calamity that happened in an area e. You can apply for an SSS calamity loan within three months after the SSS issues a circular on providing assistance to affected members.
You can download the application form, Barangay Certification, and authorization letter here. For more information about the calamity loan, you may contact SSS through the following:. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website.
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How much can I get from the SSS Calamity Loan?
SSS Calamity Loan Assistance Application – How to Apply for SSS Calamity Loan As the cases of COVID continue to rise, President Rodrigo Duterte signed Proclamation No. on March 16, , declaring a state of calamity in the Philippines for six (6) months “unless earlier lifted or extended as circumstances may warrant.”. Jun 18, · The calamity loan online application it allows members to borrow up to ?20, To apply, members must register on the My SSS web portal on the website. On June 24, , the Social Security System (SSS) opened its online facility for calamity loans to members. Jun 18, · Access the SSS calamity loan online application form by going to “E-SERVICES” and clicking “Apply for Calamity Loan.” Select the loanable amount from the dropdown box. If you want to receive the loan proceeds in your bank account, choose the bank as well.
By: Moneymax. Published on: November 6, Last updated: February 9, Category: Government Services. Due to the rising numbers of COVID cases, the entire Luzon region was put on strict quarantine last March, causing businesses to temporarily shut down and many individuals losing their employment.
Indeed, the past few months was challenging financially-speaking. Fortunately, SSS members can apply for an SSS Calamity Loan, a calamity assistance package that provides financial assistance to members affected by the pandemic and other declared calamities in the Philippines.
Learn all about this calamity loan below. Below are the features and fees of this loan assistance program. Below is the SSS calamity loan eligibility criteria. Make sure you qualify before applying for the calamity loan:. Also, the agency is no longer requiring applicants to submit documents proving that their location is under the state of calamity.
It may also be equal to the amount you requested in your application, whichever of the two is lower. Typically, you need to go your nearest SSS branch to submit your loan application. Now you can file your SSS calamity loan application online through the My. SSS web portal at www. According to the SSS, they will soon announce to the public if a new calamity loan package will be available for its members. In the meantime, if your area was recently affected by a calamity, you can still proceed with your SSS calamity loan application.
It usually takes three to five working days for the SSS to process a calamity loan. You can receive the proceeds through the following channels:. The calamity loan is payable through salary deduction. The payment deadline is on or before the last day of the month. However, if the payment deadline falls on a Saturday, Sunday, or holiday, you should make your loan payment on the next working day. If you fail to pay your outstanding calamity loan balance, SSS will deduct the remaining amount with an interest and penalty fee from other SSS benefits you intend to claim in the future.
Applying for the financial assistance has become easier since you can now do it online. Make sure to have all the requirements when applying for this SSS loan. With a goal to help Filipinos lead healthier financial lives, Moneymax regularly publishes tips and tricks on personal finance and lifestyle, among many other topics. For more finance-related news and articles, follow Moneymax on Linkedin.
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