Quick and Easy Guide to SSS Calamity Loan for 2023

The Philippines is a hotbed of natural disasters. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) notes that an average of 20 tropical cyclones enter the Philippine Area of Responsibility (PAR) every year, with about eight or nine crossing the country.^[1] On top of that, massive earthquakes can ravage landscapes and claim lives without notice.

These natural catastrophes take a toll not just on your physical and emotional health but also on your financial well-being. You need reliable help when rebuilding your life. Thankfully, you can always avail of the calamity loan offered by the Social Security System (SSS).

Learn more about the SSS calamity loan for 2022 below.

What is the SSS Calamity Loan?

The SSS Calamity Loan Assistance Program (CLAP) is a lending program offered to SSS members living in calamity-stricken areas. It's one of the two programs under the SSS’s Calamity Assistance Program (CAP), with the Three-Month Advance Pension being the other one.

You can avail of the SSS calamity loan for 2022 in the aftermath of natural disasters, such as typhoons and earthquakes, as long as the town or city you’re living in is declared by the National Disaster Risk Reduction and Management Council (NDRRMC) as calamity-stricken.

How Much is the SSS Calamity Loan Amount?

The amount of the SSS calamity loan for 2022 is equivalent to one monthly salary credit (MSC), which is computed based on the average of the last 12 MSCs (rounded up to the nearest thousand) or the amount applied for, whichever is lower.

You can pay back the SSS loan amount for up to two years in 24 equal monthly installments. Amortization starts in the second month following the date of the loan approval.

How Much are the Interest and Related Fees?

The SSS calamity loan for 2022 comes with the following fees:

Interest: 10% per annum until fully paid
Pro-rated interest: The period covers the date of loan granting up to the end of the month prior to the first amortization month. This will be deducted in advance from your loan proceeds.
Penalty: 1% per month. Any delay in payment for the month will be charged a full month penalty.
Service fee: 1%

Who Can Avail of the SSS Calamity Loan?

sss calamity loan for 2022 - who can avail of sss calamity loan

If you want to avail of the SSS calamity loan for 2022, you must meet the following eligibility requirements:

Be registered on the My.SSS portal
Be a resident of a declared calamity area
Have at least 36 monthly contributions, six of which should be posted within the last 12 months before the month of the calamity loan application. Self-employed, voluntary, and land-based Overseas Filipino Workers (OFWs) must have six posted monthly contributions under the current coverage/membership type before the month of calamity loan application
Have not availed of final benefits, such as retirement or permanent total disability benefits
Have no outstanding balance in the SSS Loan Restructuring Program (LRP) or CLAP
Have not availed of retirement, disability, or death benefits from the SSS

Note: For employed applicants, ask your employer to certify your online CLAP application via the My.SSS facility.

What are SSS Calamity Loan Requirements for 2022?

Collate and present the following SSS calamity loan requirements for 2022:

SSS Calamity Loan Requirements for Application Filed by the Member

One copy of the SSS calamity loan assistance application form^[2]
Original copy of barangay certification
Original copy of valid ID

SSS Calamity Loan Requirements for Application Filed by the Authorized Representative (for OFW or Seafarer Members)

One copy of the SSS calamity loan assistance application form
Original copy of authorization letter
Original copy of barangay certificate
Printed scanned copies of valid ID/documents of the OFW or seafarer member
Original copy of valid ID or document of the authorized representative

How to Apply for the SSS Calamity Loan for 2022

You can apply for the SSS calamity loan for 2022 in two ways: online and offline. Here are the steps for each mode of application.

Online SSS Calamity Loan Application: Submission via the My.SSS Portal

The SSS highly encourages applicants to file for a calamity loan this 2022 via the My.SSS portal. If you already have a My.SSS account, here’s what you need to do to apply for an SSS calamity loan online:

Go to the SSS Members page.^[3]
Log in to your account.
On your dashboard, click E-Services.
A pop-up reminder will appear. Tick the box then click the Proceed button.
You’ll be then directed to the Disbursement Account Enrollment Module page. This is where you’ll enroll your bank account that will receive the calamity loan proceeds. Make sure that your bank is PESONet-accredited.
Under the Enrollment tab, supply your bank account details and attach supporting documents, such as proof of account, ID, and selfie/photo.
Once you’ve registered your bank account, it will appear under the Disbursement Account tab. Approval of the bank account takes one to two weeks. Once your account is marked green, it’s already active.
Once your bank account is active, you can apply for the SSS calamity loan for 2022. Start by clicking E-Services.
Click Loans. After that, click Apply for Calamity Loan.
Select your address then provide the required information. Tick the box, then click the Proceed button.
On the next page, you’ll see the outline of your application. Click Submit. Wait for the notification regarding your loan application in your My.SSS inbox.

sss calamity loan for 2022 - My.SSS portal

If you haven’t enrolled in the My.SSS portal yet, follow the steps below to create an account:

Go to the SSS Online Members Page.
Click the Register button. A pop-up reminder will appear. Tick the box then click the Proceed button.
Supply your basic information. Click the Submit button.
Check your email for your activation link and user ID.
Click the activation link. This will direct you to a page where you can create your password.

Offline SSS Calamity Loan Application: Submission at the SSS Office

Filing your SSS calamity loan for 2022 the traditional way is easy. All you have to do is visit any SSS Branch Office and submit the requirements above. If you’re filing an application on behalf of the SSS member, make sure you have an authorization letter.

How Can I Receive the Proceeds of My SSS Calamity Loan?

You can receive the proceeds of your SSS calamity loan for 2022 through three available channels. Choose the most convenient one for you:

Active UMID-ATM – If you have an activated UMID-ATM, the loan proceeds shall be automatically credited to it.
PESONET-accredited banks – The money will be deposited into the bank account you enrolled in the Disbursement Account Enrollment Module on My.SSS.
UnionBank Quick cards – You can avail of this card at select SSS Branches with a UnionBank of the Philippines (UPB) kiosk.

Rebuild Your Life After a Calamity with a Citi Personal Loan

In case your calamity loan proceeds aren’t enough, apply for the Citi Personal Loan Bounce Back Promo through Moneymax.

You can borrow up to ₱2 million, which you can use to repair home and car damage caused by the disaster. It also offers low interest rates and friendly repayment terms. On top of that, you’ll get a welcome gift once your application has been approved.

Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.

How Can I Repay My SSS Calamity Loan for 2022?

If you’re an employed member, you’ll pay your SSS calamity loan through salary deduction. But if you’re a self-employed or voluntary member, you can pay at any SSS Branch Office with a tellering facility, SSS-accredited bank, or SSS-authorized payment center.

When it comes to repayments, remember the following:

You must complete the payment of your calamity loan before you can avail of another calamity loan in the future.
Overpayment on a previous loan will be subject to the SSS’s validation. If the payment is deemed valid, it will be applied to the active loan. If there’s no active loan, it will be refunded to you upon request.
Cumulative unpaid obligation equivalent to more than six months will result in loan default. A defaulted account will be charged 10% interest per annum on the outstanding principal balance. An additional 1% penalty per month on unpaid principal and interest will be charged until fully paid.

SSS Calamity Loan for 2022 FAQs

If you want to learn more about the SSS calamity loan for 2022, here are a few items to take note of:

1. Is the SSS calamity loan for 2022 available now?

Yes. Currently, two are available to the affected public. First is the calamity loan for the SSS members affected by the Magnitude 7.0 Earthquake in Abra and Mountain Province. In fact, this guide is based on the official SSS memorandum on the said disaster. You can avail of this particular loan until November 14, 2022.

The other calamity loan is for SSS members living in areas hit by Super Typhoon Karding. The guidelines for this program, however, are still being finalized and as of now unavailable on the SSS website and social media channels.^[4] Nevertheless, the loan features may be the same, so use this guide as a reference.

2. What is the SSS calamity loan processing time?

Usually, the SSS calamity loan processing time takes three to five days. Keep your lines open for prompt updates.

3. I’ve heard about the Three-month Advance Pension. What is it?

As mentioned, the Three-Month Advance Pension is another type of calamity assistance program under SSS’ CAP. It’s intended for Social Security (SS) and Employees’ Compensation (EC) pensioners living in the affected areas. The proceeds are based on the monthly pension.

To avail of the assistance, the pensioner should submit a completely filled-out application form (Application for Assistance Due to Calamity Due to Calamity/Disaster) to any SSS Branch Office.

Make sure this form is certified by the Barangay Chairman. Otherwise, you must submit a certification from the DSWD or NDRRMC proving you’re affected by the calamity. You can claim the check containing the proceeds from the SSS branch where you filed your application.

Currently, the Three-Month Advance Pension program is offered to members affected by the Magnitude 7.0 Earthquake and Super Typhoon Karding.

4. What is the difference between the SSS salary loan vs calamity loan?

The difference between the salary loan vs calamity loan lies in their purpose. A calamity loan is for people affected by disasters. As such, members not living in calamity-stricken areas won’t qualify for the program.

A salary loan, on the other hand, is a cash loan granted to any SSS member who has to meet short-term credit needs. This means you can use it even if there’s no disaster.

The amount of a one-month salary loan is the same as the amount of the calamity loan. It’s equivalent to the average of the last 12 MSCs (rounded up to the nearest thousand) or the amount applied for, whichever is lower.

You can also avail of a two-month salary loan, which is equivalent to twice the average of your last 12 MSCs posted, rounded to the next higher MSC, or the amount applied for, whichever is lower.

Just like the calamity loan, the SSS salary loan has an interest rate of 10% per annum until fully paid. The amortization period is 24 months.

Final Thoughts

Getting back on track after a calamity is challenging. You need to take care of yourself and your family physically, emotionally, and financially. Thankfully, you can rely on an SSS calamity loan for 2022.

Looking for other loan options for your home or car repairs after a natural disaster? Check out these personal loans from reputable lenders in the Philippines!

Personal Loan Providers	Minimum Loan Amount	Minimum Annual Income	Approval Time
Citibank Personal Loan	₱100,000	₱250,000	Fast approval time in as fast as 24 hours
Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.
Maybank Personal Loan	₱50,000	₱300,000	Apply for a loan online in just a few clicks
RCBC Bank Personal Loan	₱50,000	₱360,000	Get approved within 5 to 7 banking days
PBCOM Personal Loan	₱10,000	N/A	Get approved within 1 to 2 days
SB Finance Personal Loan	₱30,000	₱180,000	Get approved within 5 banking days
CIMB Bank Personal Loan	₱30,000	₱180,000	Apply within 10 minutes and get approved in 24 hours
HSBC Personal Loan	₱30,000	₱168,000	Get approved within 5 to 7 banking days
EastWest Bank Personal Loan	₱25,000	₱180,000	Get approved within five to seven banking days
BPI Personal Loan	₱20,000	₱300,000	Get approved within 5-7 banking days
CTBC Bank Personal Loan	₱20,000	₱180,000	Get approved within 3 to 5 banking days
EasyRFC Multi-Purpose Loan	₱10,000	₱120,000	Fast approval time in as fast as 24 hours