SSS Calamity Loan – Can Member w/ Existing Calamity Loan Apply For It Again?

Guide on the Rules Under the SSS Calamity Loan Offer of the Social Security System

SSS CALAMITY LOAN – Here is a guide on whether or not a member with existing calamity loan apply for another calamity loan.

In times of calamities, there are a lot of entities people can run to. One of them is the Social Security System, more commonly called as SSS by the public.

The SSS is a social insurance institution in the Philippines which has members that are working in private companies or having their own businesses. Some members are those who applied for voluntary membership.

If you are a member of the SSS, you will have to pay for the monthly SSS contribution which depends on your income. An updated account may make you eligible for the SSS benefits and loans.

One of the loan offers of the social insurance institution is the calamity loan. It aims to assist members living in areas struck by a calamity and who suffered losses or property damages.

In applying for the said loan offer, the area must have been declared by the National Disaster Risk Reduction and Management Council (NDRRMC) as a calamity area. The borrower should have posted at least thirty-six (36) monthly contributions.

How about if I already have an existing SSS Calamity Loan, can I apply for another one?

According to the Social Security System, applying for another calamity loan if you have an existing calamity loan is not allowed. The borrower must fully pay the existing loan first to be eligible for future loans.

Meanwhile, if you have no existing loan and wanted to apply for the said loan offer, you may visit this page for the loanable amount and the guide in applying for the offer – SSS CALAMITY LOAN: How Much You Can Borrow From This SSS Loan.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

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