Steps for SSS Calamity Loan 2024 Application Process
SSS CALAMITY LOAN 2024 – Here are the steps on how to apply for the loan offer of the Social Security System including the requirements.
Have you heard about the SSS Calamity Loan offer? If you are living or working in an area declared under a State of Calamity or you wish to know ahead the process in applying for it, the details below will surely be helpful for you.
There are several SSS benefits and loans that members of the Social Security System. As the SSS has millions of members, there are also millions of people who benefit from the services extended by the state-run social insurance giant.
One of the loans of the Social Security System is the Calamity Loan. It was designed to financially help the members of the state-run social insurance giant in recovering from the impacts of a natural disaster. The loanable amount under the SSS Calamity Loan offer depends on the Monthly Salary Credit (MSC) of the member.
The loan is payable for up to 24 monthly installments. It is subject to the SSS Calamity Loan interest rate until the loan is fully-paid. There is an easy process in applying for the SSS Calamity Loan 2024 offer:
Step 1 — Check the Qualifications.
- 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
Step 2 — Gather the documentary requirements for SSS Calamity Loan application. The list of documents needed depend if the filer of the loan will be the SSS member who is applying for it or an authorized representative.
Step 3 — Go to a branch of the Social Security System (SSS) nearest to you and submit the documents required for application to the SSS Calamity Loan offer. Wait for an update from the state-run social insurance giant regarding the result of your loan application.
