Guide on SSS Calamity Loan Interest Rate & Borrowing Amounts for Members
SSS CALAMITY LOAN INTEREST RATE 2026 – You can check here the important details about the emergency loan offer of the Social Security System.
There are a lot of benefits in constantly pushing to maintain an active membership with the Social Security System. While an SSS membership will take a cut from your monthly income for the contribution, it has a lot of returns for the members.
The Social Security System or more popularly called SSS has greatly expanded its services since the 1950s when it was established. It is a social insurance giant with a multi-million member populace which includes the following:
- locally-employed individuals in the private sector
- overseas Filipino workers (OFWs)
- household helpers
- self-employed individuals
- voluntary members
The SSS got benefit offers which include the Sickness Benefit, Disability Benefit, Maternity Benefit, Unemployment Benefit, and Retirement Benefit among others. It also got several loan offers which include the SSS Calamity Loan.
The SSS Calamity Loan was crafted to help qualified members in times of natural disasters. Qualified members who reside or work in areas declared under a State of Calamity due to typhoons, earthquakes, volcanic eruptions, El Niño, La Niña, storm surge, etc. may apply for the loan offer.
How much is loanable under the offer? Before checking on the SSS Calamity Loan interest rate, you surely want to check the borrowing amount first. According to the social insurance giant, the loanable amount is “equivalent to one (1) Monthly Salary Credit (MSC) computed based on the average of the last twelve (12) MSC (rounded up to the nearest thousand), or the amount applied for, whichever is lower”.
The borrowed amount is payable within two (2) years or up to 24 monthly installments. According to the SSS, the monthly due comes with an equal amount and the repayment of the loan begins on the second month after the loan application was approved by the SSS.
With regards to the SSS Calamity Loan interest rate, the Social Security System has set it at 7% per annum until the loan is fully-paid. The due date for the monthly amortization is on or before the last days of the month. According to the SSS, if the last day of the month falls on a Saturday, Sunday, or a holiday, the payment resumes the next working day.
The SSS Calamity Loan interest rate is applied on a diminishing principal balance. With regards to the other fees implemented by the social insurance giant, the SSS applies a 1% service fee but President Ferdinand Marcos Jr. recently announced that the said charge is waived amid the country being under a national state of calamity now.
Are you planning to apply for the offer? There are some requirements for SSS Calamity Loan that members should comply to apply for the offer.