Applying the SSS calamity loan assistance program to sustain your present needs during the Covid19 crisis is now easier too! You don’t need to leave your home to go to SSS branch to submit your application. The CLAP or Calamity Loan Assistance Program started last June 15, 2020, and they will accept loan application submission until September 14, 2020. This program covers the members of the entire Philippines affected by the strict community quarantine to manage the Covid19 crisis in pursuance to the Proclamation No. 929 by President Rodrigo Duterte signed on March 16, 2020, declaring the entire Philippines under the state of calamity.
Since government efforts like DSWD-SAP assistance and many others are not enough for family’s needs during and after 3 months of no work and isolation, SSS offers this program to members for a lower interest rate of a 6% rate per annum. This rate is equivalent to only (0.50%) per month is way much lower than Bombay’s 5/6 (20%) and the bank’s interest rate. So, mas makaka-save kayo dito keysa kumapit sa Bombay 🙂
If you need additional cash assistance you might want to avail of this program which you can get a loanable amount equivalent to your one (1) month salary credit. So I have here listed the SSS requirements or guidelines and the step-by-step guide to walk you through to submit your SSS calamity loan online application.
Requirements
To be qualified for SSS calamity loan assistance, you must:
- be a registered member on the SSS website (So if you are not registered yet, do it first before proceeding)
- have at least 36 months of contributions
- have at least 6 months of contribution for the past 12 months prior to your submission of application
Ang ibig sabihin nito, dapat may hulog ka na total 36 months. Kung ang hulog mo ay 35 months pababa hindi ka maka-qualify to avail the program. At dapat yung huling 6 months contribution mo ay nitong nakaraang 12 buwan bago ka mag submit ng application. So kung ngayong month ka ng June 2020 mag aapply ng calamity loan assistance, dapat yung huling (6) anim na buwan na hulog mo ay mula May 2019 hanggang May 2020. Sa madaling salita, kung ang huling hulog mo ay noong April 2019 pa, hindi ka maka-qualify to apply to apply for calamity loan assistance program.
- have not been granted permanent disability like permanent disability or retirement
- have NO outstanding loan
- your present mailing address is in the Philippines.
(This is also important because your loan proceeds will be released in a form of a check that will be mailed to your preferred mailing address.) But if you have UMID or Unified Multi-Purpose Identification ATM card, your loan proceeds shall be automatically credited to your account within 1 to 5 working days (depending on your mode of receiving) from the approval date of the loan. Loan proceeds will also be released with Union Bank (UBP) Quick Card and Development Bank of the Philippines PESONet accredited participating banks.
If you think you have met the minimum requirements to avail of the additional cash assistance program, you may proceed with your online application.
ONLINE GUIDE HOW TO SUBMIT SSS CALAMITY LOAN APPLICATION ONLINE
Logon to the SSS website
Visit the official SSS website here.
Pass the Captcha security block by clicking the images described. Then click the “Member” button at the right. Then enter your username and password. You will pass two Captcha to be able to access your member’s data. Captcha is a type of challenge-response test used in computing to determine whether or not the user is human or you are not a robot to make the database system more secure.
Check Your Member’s Profile (address if updated) and Contribution
Go to the “Member Info” tab to check your profile and address. If data entered there are all correct, check contributions deducted to your salary if you are employed or to your payments made if you are self-employed. This is one way of making sure that deductions made by your employer are reported and posted to your account.
Do you see the convenience of having your SSS account registered to its online portal? Just like me, you will have direct and personal access to your monthly contribution to SSS where you can monitor your payments made and deductions made.
Submit Calamity Loan Assistance Program Application
Go to E-SERVICES, then under this tab is the Apply for Calamity Loan page where you can enter necessary information needed to proceed with your application.
If you don’t have enough total contributions required, the system automatically detects that you are NOT eligible for the loan program and you cannot proceed with your application just like below.
So I hope, the above requirements and steps helped you a lot in this most trying times. If you have questions or need help, you may send it to me by sending a comment below.
The next coming up article is for those who have not registered yet on the SSS website, so hang in there and I will create a new blog post for you to follow.
