Guide on SSS Calamity Loan Amount 2025 for Borrowers
SSS CALAMITY LOAN AMOUNT 2025 – You can check here the details on how much you may borrow under the Social Security System offer.
The Philippines is one of the countries that is prone to natural calamites. Undeniably, in a year, there are usually more than 10 typhoons that hit the country. Every day, the Philippine Institute of Volcanology and Seismology or PHIVOLCS also record several earthquakes in the different parts of the country.
With the Philippines being prone to natural calamities which the impact can’t be measured, it is an edge to qualify for calamity loan offers. One of the state entities with the said offer is the Social Security System or more popularly called SSS.
The Social Security System has millions of members across the nation. It is mainly because most of the companies and businesses in the private sector require their employees to maintain an active SSS membership — the said membership widens a person’s financial options.
Furthermore, there are also many overseas Filipino workers (OFWs) who are members of the SSS. Many members are qualified to the loan offers including the SSS Cash Loan or Salary, the Housing Loan, and the Calamity Loan. Below, we will discuss the safety net that social insurance giant has provided for its members in times of calamities or the SSS Calamity Loan amount.
According to the Social Security System, the SSS Calamity Loan amount is “equivalent to one (1) Monthly Salary Credit (MSC) computed based on the average of the last twelve (12) MSC (rounded up to the nearest thousand), or the amount applied for, whichever is lower”.
The SSS Calamity Loan amount is payable within two (2) years or up to 24 monthly installments. The monthly dues are set equal and the amortization begins on the second month following the date when the loan was approved by the state entity.
According to SSS, the deadline for the monthly amortization is on or before the last days of the month. In case such days fall on a Saturday, Sunday, or holiday, the payment may be made on the next working day.
In paying for the SSS Calamity Loan amount, a member-borrower may do it at any SSS Branch Offices with payment facility, SSS-accredited banks, or SSS authorized payment centers. It is also best to check the SSS Calamity Loan interest rate ahead of time to know how much interest the amount you borrowed may incur.