This article was originally published on September 13, 2018 and was updated on January 22, 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 Application
Instagram photo by @danie.laurel
Who Can Apply for an SSS Calamity Loan?
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
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
SSS Calamity Loan Features
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
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.
Pag-IBIG Calamity Loan Features
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.)
For more information about the calamity loan, you may inquire at the nearest Pag-IBIG branch or call 724-4244.
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.
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