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According to the official social media accounts of Social Security System (SSS), they are already accepting online applications for the SSS Calamity Loan Assistance Program (CLAP) to all members who are affected by the Covid-19 pandemic.
Member-borrowers who have opted for electronic loan disbursement should receive the loan proceeds within 8-10 working days.
Social Security System (SSS) President and Chief Executive Officer Michael G. Regino announced that members and pensioners affected by the recent Magnitude 7.0 earthquake that struck Abra and nearby areas may now avail of the Calamity Assistance Package until November 14, 2022.
SSS Calamity Loan Deadline The deadline for the application for the calamity loan or CLAP is until February 26, 2020.
Loan Amount Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program. Calamity Loan Interest rate is 5.95% per annum. The loan is amortized over 24 months, with a grace period of 3 months. Paying period begins on the 4th month following their check date.
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A member who is registered at My.SSS can submit the salary loan application online. The salary loan submitted online by an employed member will be directed to the employer's My.SSS account for certification, hence, the employer should also have an SSS Web account.
Pag-IBIG Calamity Loan 2022 is now available for Typhoon Odette victims! President Duterte signed Proclamation No. 1267 last December 21, 2021 declaring 6 regions in the Visayas under a state of calamity.
1:25 3:50 SSS Calamity Loan 2022 - Typhoon Odette - Requirements - YouTube YouTube Start of suggested clip End of suggested clip Application through their sss. Online account amount to avail is equivalent to one month salaryMoreApplication through their sss. Online account amount to avail is equivalent to one month salary credit an annual interest rate of 10 will be added to the loan.
A member can have an existing Pag-IBIG Fund MPL and still apply for Calamity Loan, as long as the member is updated with the payment of monthly contributions prior to the enhanced community quarantine done on 16 March 2020.
The SSS member-borrower shall receive the full short-term loan proceeds in their account within the two (2) banking days from the loan date provided the payment instruction of SSS was sent before the cut-off time.

calamity loan sss 2023