SSS Loans Under 60-Day Loan Moratorium Now Following Bayanihan 2 Approval

Bayanihan 2 Includes SSS Loans Being Under Loan Moratorium for Up to 60 Days

SSS LOANS – The loans in the Social Security System are under a 60-day loan moratorium following the approval of the Bayanihan 2.

The COVID-19 pandemic has rocked a lot of healthcare systems across the globe and has brought several changes in every nation. One of the countries hit hard by the pandemic is the Philippines.

Until now, there are still increasing cases of COVID-19 in PH and the entire nation is still under community quarantine measures. Several things also became protocols in the fight against the spread of the disease.

Now, the practice of social distancing and the wearing of a face mask outdoors are a mask. Shopping malls and other public establishments require a face shield apart from the face mask.

SSS Loans

Amid the COVID-19 pandemic in the Philippines, several businesses have closed. Many businesses were not able to handle the expenses anymore as there are no profits or at least an average returns.

The closure of several businesses in the country results to many people losing their jobs as well. Many of them are the breadwinners of their families and have bills to pay.

To aid the country and the Filipinos in the fight against the COVID-19 pandemic and its impact, the Bayanihan 2 was approved. It includes a 60-day loan moratorium to several loans including the SSS loans.

A lot of members of the social insurance institution got SSS loans. Under the Bayanihan 2, you may avail the 60-day loan moratorium and just pay in December 31.

Based on a report on Manila Bulletin, the Bayanihan 2 states that “all loans may be settled on staggered basis”. Also, interests, penalties and other charges may not be applied in loan moratorium under this new law.

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READ ALSO: SSS CALAMITY LOAN: How Much You Can Borrow From This SSS Loan

27 thoughts on “SSS Loans Under 60-Day Loan Moratorium Now Following Bayanihan 2 Approval”

  1. Im a ofw and I’m a member more than 3years and i want to apply loan ad ofw loan but when i download app for applying loan my account is block so how i unblock that im still here in saudi arabia when i send email to sss they only say wait for the reply how many months i still waiting

    Reply
  2. Sir/mam,pede Po ba akong mk pag loan s calamity?pero meron akong salary loan last year at 5x lan nahulugan..Sana Po mk loan uli ako s tulong nyo.. ofw Po ako at Indi mk Ali’s dhil s pandemic

    Reply
  3. May i know if i am qualify to renew my SSS pension loan and i want to follow up the status of the adjustment i filed for my pension benefits. thanks

    Reply
  4. May i know if i am qualify to renew my SSS pension loan? Further more i want to follow up the status of my request i filed to your office for the adjustment of my pension benefits. thanks and more power!

    Reply
  5. Paano ako maka pag loan ng online hindi ako marunong..at yung maternity loan ko noong 2019 until now hind parin maactionan ng employer ko sana po ka pg loan ako ng calamity para nmn po may pnggastos kmi ng anak ko.salamat

    Reply
  6. Despite of the loan moratorium Sone SSS clients would like to settle lian balance was not able to check their outstanding balance coz SSS lock their SSS reg.account. hiw could you get appointment if SSS registration is very hard to do.

    Reply

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