The Social Security System (SSS) on Monday opened its Calamity Loan Assistance Program (CLAP) for its members who are affected by the coronavirus disease 2019 (COVID-19) pandemic.
SSS President and CEO Aurora C. Ignacio said the SSS estimates around 1.74 million potential member-borrowers for the program.
Depending on the average of their monthly salary credit in the last 12 months, members may apply for a loan of up to P20,000.
“We recognize that the impact of COVID-19 is greater than other calamities we have faced in the past. With that in mind, we have extended the payment term of this particular CLAP to 27 months, inclusive of a three-month moratorium period, and have lessened the interest rate to six percent per annum,” Ignacio said.
Normally, CLAPs have a payment term of 24 months and an interest rate of 10 percent per annum.
Loan amortizations for COVID-19 calamity loans will begin in the fourth month from their respective approval dates. No advance interest will be charged for the said loan. A service fee of one percent of the loan amount will be charged and deducted from the loan proceeds.
Loan payments not remitted on its due date will bear a one percent penalty per month.
To qualify for the loan, a member must: have at least 36 monthly contributions, six of which should be posted within the last 12 months before the application; have a work or home address within the Philippines as reflected in the SSS database; have not been granted any final benefit such as total permanent disability or retirement; and have no outstanding loans under the Loan Restructuring Program or previous CLAPs.
Members must also be registered at the My.SSS web portal on the SSS website at www.sss.gov.ph to apply for the loan.
“The threat of COVID-19 will likely remain in the coming months. To this end, we have developed an online facility in the My.SSS web portal in which we will receive all calamity loan applications to reduce face-to-face transactions in our branches,” Ignacio explained.
Documents proving that a member is a resident of a declared calamity area, which is a usual requirement for the CLAP, will no longer be required for COVID-19 calamity loans since the entire country is placed under the state of calamity.
Member-borrowers may choose to receive their loan proceeds via their respective Unified Multi-Purpose Identification cards enrolled as an ATM, Union Bank of the Philippines Quick Card, or through checks sent to their preferred mailing address.
“Through the CLAP, we are hoping to help with the financial needs of our members who may have lost their sources of income or suffered financial burden due to the COVID-19 situation,” Ignacio said.
Qualified members may apply for the said CLAP until September 14, 2020.
38 comments
Good day paanu po kaya yung calamity loan cheque ko ay di pa po dumadating sa employer ko
di ko po alam kung san ko pa ito makukuha.
na-approved po ako noong June 25,2020
ngunit hanggang sa ngaun ay wala pa patulong nman po salamat
same here, hanggang ngayon wala parin
Ppaano po kung nlock po ung user id ko po pwde po b ako mkacalamity loan po
How will I know if qualified po ako? I have an existing salary loan. Will that affect yung approval ng calamity loan?
I already filled my loan yesterday, possible po bang ma-approved po ito, hanggang Monday nalang kasi yung deadline ng filling.
Ngfile po ako ng calamity loan nung friday at approved na sya kahapon. When i check my bank wala pa ung funds. Bakit kaya ? Dahil ba weekends po? Paanswer po please.
Tanong ko po.. Approve nah calamity loan
S paying.. Kami bah owh ang employer namo? Ug kung kami ramn asa mi pwedi makahulog ug bayad anah..?
Until whenand what time for apply for calamity loan.??
Bakit po hanggang sept 14 2020 lang ang availmenent ng calamity loan? D na yan extended? Ty po.
na approve po kya ung calamity loan k.how do i know?
im applying calamity loan already,how do i know and how long is ghe process?
Na process po Ang calamity ko nung sep 13 untill now wlà p po
Hello.. Sana PO ma extend PO Yong calamity loan. Kakuha ko Lang PO nga bank account…
Thanks.. na cancelled PO kc Yong unang apply ko.. ee
Bakit na cancel yung sayu sir
Please pakisagot.
Hi po, meron po akong existing calamity loan.. pg mag apply ako mg salary loan, automatic ba e deduct ung balance ko sa calamity loan?
Extended po ba yung calamity loan that ended on sept 14? Salamat po sa sasagot
Good day po nagpa reset po ako ng password at email ko last week pa. pero hanggang ngayon po wala pa pong update or email ang sss saakin. Pano po kaya yon?
Pwede po mag apply ng calamity kahit SSS number lang walang TIN number?
Nag extend Po ba ang calamity loan instead September 14 nlng
Puede po ba ma extend.
Naayos ko na yung account ko bakit wala pa rin
Good day po. pde po ba ma extend yung calamity loan kasi may ibang sss members na hindi po aware especially dun sa na lokcdown city like cebu. they really need that loan kasi yung work nila apektado skeletal pa rin sila. Sana po ma extend pa ang Calamity loan pra sa mga tao na hindi po nka pag file.
bakit hanggang nGayon wla pa po ang loan ko na calamity
Ilang beses na ako nag inquire s atm ko hanggang ngayon hnd pa dumating ang calamity ko kailan nyo po bha eh release yan
Approved na po calamity loan ko last Sep 10, 2020 bakit wala pa pong laman ang ATM Card ko po, ilang days pa po hintayin ko?
Sana po may extension Ang Calamity loan,
Makaka avail po ba ako Ng calamity loan …nwalan po kc ako work simula covid19 until now wla pa Rin ako work sna mka loan po ako pra png capital po
yung loan ko sa calamity via check na ship out July 8 pero hanggang ngayon di pa dumating cheke ko. ilang months na. maya2 babawasan na ako sapayrol at baka expired narin yung cheke
Sana MA extend and calamityloan application.
Wala po bang extension ang calamity loan ?
Good day po… Bakit po hanggang ngayun wla pa po laman ang atm q for calamity loan 2months napo.. Pls reply… Tnx.
Good day po nag calamity loan po ako noong december 2 at na approved na din po ng employer ko noong december 3 but until now dec.20 2020 wala pa din po laman ang ATM ko.at ang nakakadismaya pa nito pag nagsalary loan po ako online ibabawas nila yung calamity loan ko doon sa amount na makukuha ko sa salary loan .bakit po ganun. Wala pa nman po ako natatanggap na pera by calamity loan. Sana po ay masagot ang aking hinaing hindi lang po ako kung di sa nakararami.
Thanks for the sharing- much appreciated
Paano po kon me loan pa ako sa salary loan tapos di inaasahan na abutan ako ng pandemic mag loan uli sana ako ng calamity kon pwd para pan negosyo kasi lockdown ang work namin.
Ask po Sana ako pwedi pa po ba mka sss calamity loan ngayong year 2021? Thanks po..