SSS Calamity Loan Offer Now Open for Member Applications
SSS CALAMITY LOAN – Members of the Social Security System may now apply for this loan offer and borrow up to Php 20,000.00.
In the Philippines, one of the biggest social insurance institutions is the Social Security System. It is more commonly called as SSS by the public.
Most members of the SSS are workers in the private sector or in private firms. Some members are self-employed individuals while others are voluntary members of the institution.
If you are a member of the SSS, you will have to remit a certain amount monthly to the social insurance institution. Members may be eligible for the loan and benefit offers depending on their total contribution.
One of the offers of the Social Security System is the SSS Calamity Loan. Based on a report on ABS-CBN News, amid the COVID-19 pandemic, members may now apply for this offer and borrow up to Php 20,000.00.
According to SSS Media Affairs Team Head Maria Cecilia Mercado, the SSS members may apply for the loan offer online. Another option to skip personal application to the branch is through the SSS mobile app.
Based on the report, the member must have paid at least 36 monthly contributions to be eligible to apply for the SSS Calamity Loan offer. Also, the member must have not claimed any final benefits such as the retirement or total disability benefit.
According to Mercado, SSS members may apply for the loan offer until September 14, 2020. Previously, it was only set until June 30.
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