Guide on the SSS Calamity Loan Requirements 2024 Application Process
SSS CALAMITY LOAN REQUIREMENTS 2024 – Listed below are the documents that the Social Security System requires in applying for the offer.
Many people don’t realize the value and benefits of the social insurance until something happens. For example, in the Philippines, there is a huge benefit in maintaining an active and updated account to the Social Security System.
The Social Security System, more popularly called SSS, is one of the social insurance giants in the country. It has millions of members who are most composed of individuals who are working in the private sector and those who are self-employed.
The SSS membership is also open for overseas Filipino workers (OFWs). Members who maintain an active membership to the state-run social insurance giant may qualify to its loan offers such as the SSS Cash Loan, the SSS Housing Loan, and the SSS Calamity Loan.
The Calamity Loan offer was designed to help members living and working in areas left under a state of calamity. Here are the eligibility requirements for the SSS Calamity Loan application process:
- has posted a total of 24 monthly contributions, three of which should be posted within the last 12-month period before the month of filing application
- 60 years old and below at the time of filing of application
- has not been previously granted a House Repair and/or Improvement Loan by the SSS
- has not been granted any final SSS benefit nor was refunded SSS contributions
- must be up-to-date in the payment of all other existing loans with the SSS
There are also SSS Calamity Loan requirements for application that vary depending if the member is the filer of the application or it will be done by an authorized representative. Here are the documents needed if the member himself/herself will file the loan application:
- one (1) copy of the SSS calamity loan assistance application form
- original copy of barangay certification
- original copy of valid ID
In case the loan application will be filed by an authorized representative like in the case of overseas Filipino workers (OFWs) and seafarers, here are the SSS Calamity Loan requirements for application:
- one (1) copy of the SSS calamity loan assistance application form
- original copy of authorization letter
- original copy of barangay certificate
- printed scanned copies of valid ID/documents of the OFW or seafarer member
- original copy of valid ID or document of the authorized representative