This article was originally published on September 13, 2018 and was updated on April 6, 2020.
After a devastating storm, flood, earthquake, or any natural disaster, it’s only logical to get things back to normal. It entails so many expenses: the leaky ceiling needs to be fixed, your flooded car needs repairs, you need to make up for the lost income after many absences from work, and so on. This is where a calamity loan from SSS and Pag-IBIG comes useful.
However, unlike other government-issued loans, SSS and Pag-IBIG calamity loans are special types of loans that can’t be availed anytime and anywhere. They’re granted only to members in areas declared under the State of Calamity within a limited period. Still, it’s worth trying to request financial assistance from these government agencies. Here’s your quick guide to applying for a calamity loan in the Philippines.
SSS Calamity Loan Features You Need to Know
Loan amount: One monthly salary credit (MSC) up to PHP 20,000 or the total amount of damage, whichever is lower
Interest rate: 10% per annum
Repayment period: 24 months (Monthly amortization starts on the second month after the date of the loan.)
Others: Waived service fee
SSS Calamity Loan Application: Who Can Apply for an SSS Calamity Loan?
Instagram photo by @danie.laurel
The SSS calamity loan is open to any member who meets these criteria:
Paid at least 36 monthly contributions, six of which are posted within the last 12 months before the month of loan application
Home address or property at an area declared under the State of Calamity
Has not availed of any of these SSS benefits: total permanent disability, retirement, or death
Not yet. However, according to Fernan Nicolas, SSS Head of Public Affairs and Special Division, members can apply for the calamity loan online by the second week of April 2020 . The SSS will no longer ask for documents proving that the applicant’s area is under state of calamity since the entire country is now under calamity. Members can apply for a calamity loan worth PHP 20,000.
Steps to Applying for an SSS Calamity Loan During the Enhanced Community Quarantine
For the meantime, SSS members can apply for a calamity loan by dropping off their application in an SSS office nearby. Below are the steps.
Download, fill out, and print the SSS Calamity Loan application form . Ensure that your contact number and email address are up-to-date.
Photocopy all required supporting documents (see complete requirements below) and place these with the application form inside a long brown envelope.
Write down your name and the type of loan you are applying for at the front part of the envelope. Do not write down your SSS number.
Seal and drop the envelope in the assigned drop box in front of the SSS branch.
A designated SSS staff member will periodically bring in the box to retrieve the submitted documents and review/process them accordingly.
How to File for an SSS Calamity Loan (Regular Application)
You can apply for an SSS calamity loan within three months after the SSS issues a circular on providing assistance to affected members. Submit the original copies of the following requirements to the Member Services Section of any SSS branch.
SSS Calamity Loan Requirements
Completed Calamity Loan Assistance Application Form
One primary ID (UMID, driver’s license, passport, PRC card, or Seaman’s Book) or two secondary IDs (PhilHealth ID, company ID, senior citizen ID, voter’s ID, TIN card, etc.)
OFW members may assign a representative to file their SSS calamity loan application. SSS requires these additional documents from OFW-borrowers:
Printed scanned copies of the OFW’s valid IDs plus original valid IDs of the authorized representative
You can download the SSS calamity loan form, Barangay Certification, and authorization letter on their website. For more information about the calamity loan, you may contact SSS through the following:
Inquire at the nearest SSS branch
SSS Call Center hotline: 920-6446 to 55
How Will I Know if My SSS Calamity Loan Is Approved?
SSS will notify you via text or email once your loan application has been approved. This may take a few days, depending on the volume of applications received.
Pag-IBIG Calamity Loan Features to Take Note of
Loan amount: Up to 80% of the member’s Total Accumulated Value (TAV)
Interest rate: 5.95% per annum
Repayment period: 24 months, with a grace period of three months (Monthly amortization starts on the fourth month after the date on the issued check.)
Pag-IBIG Calamity Loan Application: Who Can Apply for a Pag-IBIG Calamity Loan?
Any Pag-IBIG member who meets all these criteria can apply for a calamity loan:
Paid at least 24 monthly Pag-IBIG contributions
Paid at least five monthly contributions in the last six months before the loan application date
Lives in an area declared under the State of Calamity
Members with an existing Pag-IBIG loan such as housing loan or multi-purpose loan—as long as the loan isn’t in default—may still apply for a calamity loan.
How to Apply for Pag-IBIG Calamity Loan
You can apply for the loan within 90 days from the State of Calamity declaration in your area. To file your calamity loan application, go to any Pag-IBIG office and submit the required documents.
Proof of income (Payslips, income tax returns, certificate of employment with compensation, etc.)
Accomplished Declaration of Being Affected by Calamity
How to Apply for Pag-IBIG Calamity Loan Online
Download the Calamity Loan Refillable Form.
Accomplish the form on your desktop and save it in a PDF format.
Send the PDF file to your HR via email along with a valid ID and the front and back images of your Loyalty Card Plus, or Landbank, UCPB or DBP cash card.
Alternatively, you can email the designated Pag-IBIG address based on your home or work address. Check out the list of emails below.
For more information about the calamity loan, you may inquire at the nearest Pag-IBIG branch, call 724-4244, or send an inquiry via the Pag-IBIG Fund Facebook Page.
How Will I Know if My Pag-IBIG Calamity Loan is Approved?
Pag-IBIG will notify you via text or email so make sure that all contact numbers you provide are up-to-date. Loan approval may take 5 to 7 days, depending on the number of applications received.
Other Ways to Borrow Money After a Calamity
Photo by Department of Foreign Affairs and Trade via Flickr, Creative Commons
If your area isn’t under the State of Calamity, you won’t qualify for an SSS or Pag-IBIG calamity loan even if you’re affected by a natural disaster. Here are some alternatives to consider when you need cash to cover an emergency after a calamity.
9 Online Drugstores in the Philippines for Medicine Delivery and Pickup
Need your medicines badly but can’t buy them because you’re sick or stuck at home during the enhanced community quarantine? Or maybe there’s no drugstore near your place? In such times, an online drugstore can be literally your lifesaver. It saves you a trip to the pharmacy and possibly, a Coronavirus infection. All you have […]
Lockdown Boredom Busters: How to Have a Good Quaran-Time
It’s been weeks since the enhanced lockdown was announced and you’re probably bored of watching or listening to the same old stuff you love. Since this whole COVID-19 business isn’t going to end anytime soon, it’s best to try and explore other pieces of media to keep you occupied and sane. Here is a list […]
Unemployment Benefits and Other COVID-19 Government Assistance Schemes
Infected or not, Filipinos are grappling with the impact of the coronavirus disease 2019 (COVID-19) pandemic in one way or another. Suddenly, the public health crisis disrupted the lives of many—from simple inconveniences like getting stuck in one’s home to more serious problems like the increased risk of coronavirus infection and loss of income. The national […]
Wireless Internet on the Go: 5 Pocket WiFi Options for Filipinos
Battery-powered and fitting in the palm of a hand, a pocket WiFi (also called mobile WiFi) is a wireless router that lets you be connected anywhere and share internet access to multiple devices simultaneously. Although a smartphone can do the same job, using it as a WiFi hotspot can quickly drain the phone’s battery life. […]
This article was published on June 6, 2019 and was updated on March 30, 2020 Finding good sources of funding is a critical step in starting a business. A small business loan from the government, a bank, or a private lender is one financing option for budding business owners. Business loans come in a variety […]