Guide on SSS Calamity Loan Online Application 2024 Process Including the Requirements
SSS CALAMITY LOAN ONLINE APPLICATION 2024 – Here are the steps in applying for the Calamity Loan offer of Social Security System via My.SSS.
In the Philippines, there are entities that provide calamity loans for their members. One of them is the Social Security System or more popularly called SSS. It is actually one of the giants in the country in terms of social insurance.
The SSS Calamity Loan is one of the three (3) major SSS loans offered for the members of the state-run social insurance institution. The said offer was designed as a ready assistance for members in case their place of residence or work is hit by a natural disaster and left under a State of Calamity.
The borrowing amount under the SSS Calamity Loan varies. The loan is payable for up to two (2) years — in 24 equal monthly installments. It is subject to the SSS Calamity Loan interest rate set by the state-run social insurance giant.
Who are qualified to apply for the loan offer? Here are the qualifications set by the SSS under its loan:
- 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
For a more convenient application process, you can go for an SSS Calamity Loan online application process. There is an easy process and all you need is an active My.SSS account, a stable internet connection, and a computer or a mobile phone.
Steps for SSS Calamity Loan Online Application
- Step 1 — Log in to your My.SSS account.
- Step 2 — On your dashboard, click E-Services.
- Step 3 — Read the pop-up reminder and tick the box if you agree and click the Proceed button.
- Step 4 — At the Disbursement Account Enrollment Module page, enroll the bank account where you wish the loan proceeds to be released through. Make sure that your bank is PESONet-accredited.
- Step 5 — Under the Enrollment tab, provide your bank account details and attach the supporting documents, such as proof of account, ID, and selfie/photo.
- Step 6 — Once you’ve registered your bank account, it will appear under the Disbursement Account tab.
- Step 7 — Once your bank account is active, click the E-Services to apply for a loan.
- Step 8 — Click/Tap Apply for Calamity Loan.
- Step 9 — Provide the required information. Tick the box, then click the Proceed button.
- Step 10 — Check the outline of your application. Click Submit. Wait for the notification regarding your loan application in your My.SSS inbox.
