SSS Requirements for Calamity Loan from Employers of Locally-Employed Members

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List of SSS Requirements for Calamity Loan (Employer’s Responsibilities)

SSS REQUIREMENTS FOR CALAMITY LOAN – Here are the requirements set by the Social Security System and the responsibilities of the employers of locally-employed members.

One of the loan-providing state institutions in the Philippines is the SSS or the Social Security System. Most of the employees in the private sector are members of the social insurance entity because it is mandated by many employers.

SSS

The Social Security System has several benefit offers and loans for its members. The SSS is set to have lower interest rates in its loan offers starting July 2025 as announced by President Bongbong Marcos. One of the loan offers of the state entity is the Calamity Loan offer.

SSS
Photo Credit: Journal Online

The Philippines is prone to natural calamities. Thus, an active SSS-membership is really an edge for an individual as you have something to turn to when the inevitable happens. In the case of the locally-employed members, there are SSS requirements for Calamity Loan from the employers.

SSS Requirements for Calamity Loan from Employers
Photo from Millennium Cash

In the application for the Social Security System loan offer, there are SSS requirements for Calamity Loan application that the employer of the member-borrower must comply with. Here are the requirements that the employer must accomplish or provide:

  • The employer must certify the Loan Application of their employees and must attest to the following:
    • The borrower is presently employed by the employer or the company.
    • The employee’s net take-home pay is sufficient to cover the deduction of the loan monthly amortization.
  • The employer shall be responsible for the collection through payroll deduction and remittance to the SSS of the amortization due on the employed member’s loan.
  • In case the employed member is separated voluntarily (e.g., retirement or resignation) or involuntarily (e.g., termination of employment or cessation of operations of the company) from the company, the employer shall deduct the total balance of the loan from any benefit/s due the employee and shall remit the same in full to SSS.
  • The employer shall report to the SSS the effective date of no earnings from the company of the employed member and its corresponding reason, through Payment Reference Number (PRN) – Loan Collection List (LCL) under the Real-Time Processing of Loans (RTPL) program, if the salary or benefit/s of the employed member is/are insufficient to fully repay his/her loan.
  • The employer shall require a new employee to secure an updated statement of account through his/her My.SSS account, deduct the amortization due from his/her salary and remit the payment to SSS.

In applying for the SSS Calamity Loan offer, the member-borrower must file or submit the loan application through the My.SSS Website or thru the MySSS App. Also, the member-borrower must enroll/nominate his/her valid bank account in the Disbursement Account Enrollment Module (DAEM) for the disbursement of calamity loan application.

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