Sss Calamity Loan Agreement

SSS Calamity Loan Agreement: A Promising Solution for Financial Emergencies

The ongoing pandemic has created an economic crisis worldwide, and the Philippines is no exception. With millions of Filipinos struggling to make ends meet, the Social Security System (SSS) has introduced a calamity loan to provide financial assistance to those affected by the pandemic.

The SSS Calamity Loan Agreement is an excellent opportunity for those looking for financial support to meet their immediate needs. The loan has a lower interest rate as compared to other loan products in the market, making it an affordable option for Filipinos looking for financial assistance. In this article, we will discuss everything you need to know about the SSS Calamity Loan Agreement and how it works.

Who is eligible for the SSS Calamity Loan Agreement?

All SSS members are eligible to apply for the SSS Calamity Loan Agreement, provided their status is “active” and they have paid at least 36 monthly contributions. However, those who availed of the SSS Loan Assistance Package or any other disaster loan from the SSS, Government, or private lending institutions are not eligible for the loan.

How much can you borrow under the SSS Calamity Loan Agreement?

Qualified members can borrow up to Php 20,000. However, the amount of the loan depends on the average of the member’s monthly salary credit or MSC for the past 12 months. Members with a higher MSC can borrow a higher loan amount, subject to the maximum limit of Php 20,000.

What are the requirements to apply for the SSS Calamity Loan?

To apply for the SSS Calamity Loan, members must have an SSS account, and their employer must have paid the latest monthly contribution. The following are the requirements to apply:

1. Accomplished Calamity Loan Application Form

2. One valid I.D. card or any two valid IDs that bear the applicant’s photo and signature. Acceptable IDs include SSS ID, Unified Multi-Purpose ID (UMID), Driver’s License, Passport, Voter’s ID, or Company ID.

3. A signed Authorization Letter allowing another person to file the application on the applicant’s behalf (only applicable for those who cannot personally file the application).

How does the loan repayment work?

The SSS Calamity Loan Agreement has a longer payment term of 27 months, with a grace period of three months. The monthly amortization will be automatically deducted from the borrower’s salary, or they may pay directly at any accredited SSS payment center or Bayad Center.

What are the benefits of the SSS Calamity Loan Agreement?

The SSS Calamity Loan Agreement is an affordable financial assistance option for SSS members, especially during these challenging times. Below are the benefits of availing of the SSS Calamity Loan Agreement:

1. Lower interest rate compared to other loan products in the market

2. Longer repayment term with a grace period to provide more breathing room for borrowers

3. Quick and easy application process

4. Funds are released within three days after the application has been approved.


The SSS Calamity Loan Agreement is an excellent solution for Filipinos who need financial assistance during these trying times. With its low-interest rate, longer repayment term, and easy application process, qualified members can easily access the funds they need to recover from the economic impacts of the pandemic. It’s an effective way for SSS members to alleviate their financial burden without incurring further debt. If you’re an SSS member who is eligible for the loan, it’s a great opportunity to address your financial needs and secure a brighter financial future.