Sss calamity loan

SSS has opened its Calamity Loan Assistance Program (CLAP) for members who need financial help. Manila (CNN Philippines Life) — It seems that in June, most Filipinos are more concerned about the. According to SSS, they have finalized their system for the said loan program where a member can loan up to PhP 2000.

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.g Typhoon, Earthquake, war, and unexpected incidents). The calamity loan of SSS will be made available for all qualified members meeting the following eligibility requirements.

Your current residential address must be declared ‘State of Calamity ’ by the local government unit or the President himself. The member must have paid the required contribution for at least three years or months. This loan is offered to all currently contributing employe self-employed and voluntary members who are residents of the entire Philippines affected by the strict community quarantine.

The SSS calamity loan is payable in months including the three-month moratorium period. The loan amortization will start on the fourth month following the date of the approval of the calamity loan. SSS President and CEO Aurora C. Due to the community quarantine protocols that are being implemented in each area under the State of Calamity , all applications and submission of requirements will be made through the SSS website starting April 24.

Ignacio said the SSS estimates around 1. In the present situation, all members, residents or workers affected by the Community Quarantine can apply for the loan program from the said state-fund pension agency. This program is also one of their ways of assisting the National Government in helping the affected communities and memberships. Filipino is now fighting against a pandemic that caused the locking down of several nations. Everyone is advised to stay at home and to wear a mask when they are out in public for very essential purposes. Payment shall be made at any SSS branch office with payment facility, SSS -accredited bank, or SSS - authorized payment center.

INTEREST AND PENALTY 1. The loan shall be charged an interest rate of per annum commencing on the 4th month, computed on a diminishing principal balance and shall be amortized over the remaining months. For the SSS calamity loan requirements, please read my next post. SSS will be offering its members Php20calamity loan in light with the COVID-pandemic.

During an interview with GMA-7’s Dobol B sa News TV, SSS concurrent head for Public Affairs and Special Division, Fernan Nicolas, said that the calamity loan may be availed by submitting an application online and no need to go SSS Branches in compliance with the Enhanced Community Quarantine. SSS CALAMITY LOAN – Here is a guide on who are eligible to apply for the Social Security System ’s Calamity Loan offer. Among the most inevitable things are the calamities. These are natural occurrences such as floo earthquakes, and droughts which can have effects on the lives of the people.

A Calamity Loan usually includes the early and advance release of three-month pensions, salary loan early renewal, suspension of loan payments for months, and interest rate reductions for new loans to Housing Loan programs for repairs and improvements. The budget that they’ve had for the SSS COVID-calamity loan program would be some P20. This will be able to accommodate and assist more or less 1. Millions of people lost their jobs, and this is a combination of workers in the private and the informal sector.

The Social Security System, more commonly called as SSS, is one of the government agencies with multiple loan offers to the public. The said loan offers serve different purposes. In times of calamities, several government agencies offer assistance to the people. One of them is the Social Security System , more commonly called as SSS.

A service fee of of the loan amount shall be charged and deducted from the proceeds of the loan. OTHER CONDITIONS 1. The member’s home or work address as reflected in the SSS database must be within the Philippines.