23/07/2025
My pa CALAMITY na guys,❤️ pwede na kayu mag calamity loan🙂🙂
SSS to issue revised Calamity Loan Program (CLP) guidelines – lowering interest rate to 7%, renewal allowed after 6 months, streamlined activation process for timely financial assistance
By SSS
July 23, 2025
Enhanced financial assistance – lower interest
rate and renewal allowed after 6 months
“Following through on the announcement of His Excellency President Ferdinand R. Marcos, Jr. last 1 May 2025 on the reduction of interest rates for salary and calamity loans, we proposed and obtained approval of the Social Security Commission, headed by our Chairperson Finance Secretary Ralph G. Recto, to reduce interest rates for calamity loans to 7% per annum from the current rate of 10%. This follows the reduction of interest rate for salary loans to 8% per annum from the previous 10% which was implemented last month,” SSS President and Chief Executive Officer Robert Joseph M. De Claro said.
Such a reduced interest rate is for members with good credit records (i.e., for applicants without availment of penalty condonation for the past 5 years).
To further enhance financial assistance to members, the revised guidelines have been liberalized to allow calamity loan renewal after six (6) months provided that the existing CLP is not past due.
Streamlined activation process for immediate financial assistance/relief
“An important improvement in the revised guidelines is the streamlining of the activation process of the Calamity Loan Program (CLP) which will allow activation of the program within seven (7) working days from the calamity event date. Previously, activation of the calamity loan program takes about one month,” De Claro said.
“SSS Branch Operations Sector and International Operations Group units will have a more active role in the activation process when they endorse State of Calamity declarations to the SSS Member Loans Department within two (2) calendar days from date of issuance,” De Claro added.
Features of the revised Calamity Loan Program (CLP) guidelines
Loanable amount
Equivalent to one (1) Monthly Salary Credit (MSC) computed based on the average of the last 12 MSCs rounded up to the nearest thousand or the amount applied for, whichever is lower and capped at P20,000.
Availment period
Up to 30 calendar days to commence on the date of announcement of the availability of the CLP in a newspaper of wide circulation.
Eligibility requirements
Members must have at least 36 monthly contributions – 6 of which must be posted within the last 12 months prior to the month of filing. For individually paying members, they must also have at least 6 posted contributions under their current membership type (self-employed, voluntary, or land-based OFW).
