How to Apply for the SSS Calamity Loan in the Philippines

The Social Security System (SSS) offers a Calamity Loan Assistance Program to help its members who have been affected by recent disasters like Super Typhoon Carina. If you are an SSS member residing in a declared calamity area, you may be eligible to apply for this loan to help you recover financially.

Here’s a comprehensive guide on how to apply for the SSS Calamity Loan in the Philippines.

Eligibility Requirements

To qualify for the SSS Calamity Loan, you must meet the following criteria:

• Have at least 36 monthly SSS contributions, with 6 posted within the last 12 months before filing the loan application
• Be a resident of an area declared under a state of calamity
• Be below 65 years old at the time of application
• Have no final benefit claim like permanent total disability or retirement
• Have no outstanding past due short-term member loans or restructured loans

The loan amount you can borrow is equivalent to your one monthly salary credit (MSC) or up to a maximum of ₱20,000. The annual interest rate is 10% and the loan can be paid in 24 equal monthly installments over 2 years.

Online Application via My.SSS Portal

The most convenient way to apply for the SSS Calamity Loan is online through the My.SSS web portal. Here are the steps:

1. Log in to your My.SSS account. If you don’t have one yet, register at the SSS Online Members page.
2. Once logged in, click on E-Services then Loans. Select Apply for Calamity Loan.
3. Before you can proceed, you need to enroll your PESONet participating bank account under the Disbursement Account Enrollment Module (DAEM). This is where the loan proceeds will be credited once approved.
4. Under the Enrollment tab in DAEM, enter your bank details and upload supporting documents like proof of account, valid ID, and a selfie. Account approval takes 1-2 weeks. Once active, it will be marked green under Disbursement Accounts.
5. With your bank account enrolled, go back to E-Services > Loans > Apply for Calamity Loan. Select your address and provide the required information. Read and agree to the terms then click Submit.
6. You will see a summary of your calamity loan application. Review it carefully then click Submit. Wait for the notification on your application status in your My.SSS inbox.

The online application is paperless and more efficient. However, make sure all your details are accurate and complete to avoid delays or rejection. Most online applications are processed within 10 working days.

Manual Application at SSS Branch

If you prefer to apply in person or don’t have online access, you can also submit a manual application at an SSS branch. Here’s how:

1. Download and print the SSS Calamity Loan Assistance Application Form. You can also get the form at any SSS branch.
2. Fill out the form completely and accurately. Refer to the instructions and reminders at the back of the form. Don’t forget to sign it.
3. Prepare a photocopy of your two valid IDs and your SSS digitized ID or UMID card.
4. Submit your accomplished application form and requirements to the nearest SSS branch. Get the receiving copy as proof of filing.
5. If your application is in order, the loan will be processed in 10 working days. If approved, the loan proceeds will be released through check or credited to your registered bank account or SSS UMID card.

Note that if you apply manually, you would need to claim the check personally at the branch if that is your preferred mode of disbursement. For faster processing, it’s best to enroll your bank account in advance.

Frequently Asked Questions

To help you further, here are answers to some common questions about the SSS Calamity Loan:

When can I apply for the calamity loan?

You can only apply once the SSS officially opens the Calamity Loan Assistance Program for your area. This is usually a few days after it has been declared under a state of calamity. The SSS announces the program details, qualified areas, and deadline for application.

For example, the SSS recently opened the calamity loan for members affected by the unrest of Mayon Volcano in Albay until September 21, 2023. Those affected by Super Typhoon Carina should wait for the official announcement from SSS.

How much can I borrow from the calamity loan?

The loanable amount is equal to your average MSC in the last 12 months, rounded up to the nearest ₱1,000, or the amount you applied for, whichever is lower. The maximum amount is ₱20,000 for all members.

How long does it take to process the SSS calamity loan?

Whether you apply online or in person, the standard processing time is 10 working days from the date of filing. This is the time it takes for the SSS to verify your eligibility, approve the loan, and release the funds. Some branches may have shorter or longer processing depending on the volume of applications.

What is the difference between the calamity loan and salary loan?

The main difference is the purpose and eligibility. The calamity loan is only offered to members affected by disasters or calamities, while the salary loan is available to all qualified members anytime for their short-term financial needs.

The salary loan also has two variants – the one-month and two-month loan. The one-month salary loan amount is the same as the calamity loan. The two-month salary loan is double the average MSC for the last 12 months. Both loans have a 10% annual interest rate and 24-month payment term.

What happens if I default on the SSS calamity loan payment?

If you miss paying your monthly amortization, a 1% penalty will be charged on top of the outstanding balance. Your loan will also become past due if unpaid for 3 months, which will disqualify you from renewing your salary loan and other benefits. If left unpaid, the SSS may deduct your outstanding loan balance from your future claims.

To avoid these inconveniences, make sure to pay your calamity loan promptly. You can pay via online banking, Bayad Center, SM Bills Payment, or at any SSS branch. If you really can’t pay due to financial difficulties, you can request for a loan restructuring, subject to SSS approval.

Final Thoughts

The SSS Calamity Loan is a great help for members who are struggling financially due to natural disasters. If you are qualified, take advantage of this loan assistance to aid in your recovery. Whether you choose to apply online or in person, make sure you prepare the complete requirements and submit your application before the deadline.

Most importantly, only borrow what you need and make sure you can repay the loan to avoid problems in the future. If used wisely, the SSS Calamity Loan can help you get back on your feet faster after a calamity.