Qualified members of the Social Security System (SSS) residing in areas officially declared under a state of calamity may now avail themselves of the state insurer’s emergency loan facility.
In a recent radio interview, SSS Vice President Carlo Villacorta reminded eligible individuals to take advantage of the ongoing financial assistance program.
“Ipinapaalala lang namin sa ating mga kababayan na bukas pa rin ang ating emergency loan program na puwede pong [mag-apply ang] ating mga miyembro ng SSS. We would like to remind our countrymen that our emergency loan program is still open for our SSS members to apply for,” Villacorta stated.
Under the facility, qualified borrowers can access up to ₱20,000 with a reduced annual interest rate of 7%. The loan features a six-month grace period before monthly amortizations commence.
To qualify for the emergency assistance, members must have at least 18 monthly contributions recorded in their accounts and possess a valid, updated home address in the Philippines registered with the SSS.
The application period for the calamity assistance loan will remain open until April 30, 2027.
Members must submit their applications digitally through their registered My.SSS account on the official SSS portal or via the SSS mobile application.
Approved loan proceeds will be released directly through a member’s active MySSS Card, UMID-ATM Pay Card, or a valid single account in any PESONet-participating banking institution.
In the same interview, Villacorta announced an upcoming adjustment for newly registered SSS retirees, who will see an increase in their monthly payouts starting September.
“Para po sa mga bagong pensioner ng SSS, yung mga nag-pension ng June, July, at August, tataas ang kanilang pension pagdating ng September,” he explained.
The payout enhancement forms part of the state insurer’s broader pension reform initiative previously announced to improve benefits for SSS retirees.