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Members with at least 36 months of total contributions, six months of which have been posted in the last 12 months (before the month of application) can apply for a loan in SSS. The salary loan amount is equivalent to one month's worth of salary.

2. The member must: - have at least thirty-six (36) posted monthly contributions, six (6) of which should be posted within the last twelve (12) months prior to the month of filing of application. be a resident of the calamity declared areas and suffered losses/damages to their properties.

The loan will be payable in 24 months and may be availed of online. A borrower must have at least 36 monthly contributions, six of which must be within the one-month period prior to the month of filing, and residing in the calamity area.

The availment period for the assistance package will start on 17 November 2022 until 16 February 2023.

Under the CLAP, qualified members in Paeng-affected areas can borrow a loan equivalent to their one monthly salary credit or up to P20,000. The calamity loan is payable in two (2) years or 24 equal monthly installments with an annual interest rate of 10%.

How Much is the SSS Calamity Loan Amount? The amount of the SSS calamity loan for 2022 is equivalent to one monthly salary credit (MSC), which is computed based on the average of the last 12 MSCs (rounded up to the nearest thousand) or the amount applied for, whichever is lower.

The SSS Calamity Loan Assistance Program (CLAP) is a lending program offered to SSS members living in calamity-stricken areas. It's one of the two programs under the SSS's Calamity Assistance Program (CAP), with the Three-Month Advance Pension being the other one.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232