Guide on SSS Calamity Loan Interest Rate & Loan Terms 2025
SSS CALAMITY LOAN INTEREST RATE 2025 – Here is a guide on the interest rate implemented by the Social Security System under the offer.
In the Philippines, one of the entities that the people can turn to in times of calamities is the Social Security System. It has a Calamity Loan offer that is exclusive for its members with qualified accounts.
The Social Security System is undeniably one of the most popular state entities in the Philippines. There are several SSS benefits for the members as well as loan offers that they can turn to in times of financial needs. When a natural disaster has left a member’s area or workplace under a State of Calamity, the member may turn to the SSS Calamity Loan offer than can help him/her in recovering from the impacts of the calamity.
Like in other loans, before applying for the offer, it is best to know the SSS Calamity Loan interest rate first as well as the other charges under the offer. By having a knowledge about it, you can decide better if you can handle the loan repayment smoothly or you need to adjust on how much you will borrow.
The Social Security System or SSS Calamity Loan interest rate was originally at 10% per annum until the loan is fully-paid. It was only recently when President Bongbong Marcos announced that the SSS loans will have lower interest rates.
According to Marcos Jr., the SSS Calamity Loan interest rate will be at 7% per annum starting July 2025. It remains to be computed on a diminishing principal balance until the loan is fully-paid. The loan is payable for up to 24 monthly installments.
The Social Security System implements a “pro-rated interest from the date of loan granting up to the end of the month prior to first amortization month shall be deducted in advance from the loan proceeds. In case of excess in the repayment, it will be directly applied to the outstanding principal balance of the SSS loan.
Aside from the SSS Calamity Loan interest rate, it is important to know the other fees. The good news is that the 1% service fee is waived under the loan offer. Are you interested to apply for the loan offer? There are SSS Calamity Loan requirements that you must prepare and submit to the state entity.