The post How to Apply for SSS Calamity Loan appeared first on READit.
]]>
For this article, we will share with you what you need to do to qualify for an SSS Calamity Loan – along with its requirements and process.
To begin with, the SSS Calamity Loan is only available for members who are from areas that are affected by calamities.
A Calamity Loan usually includes the early and advance release of three-month pensions, salary loan early renewal, suspension of loan payments for 6 months, and interest rate reductions for new loans to Housing Loan programs for repairs and improvements.
As for the requirements, you will need the following:
Make sure that you have these requirements before going to your local SSS office. When filling up your application form, make sure to check your details so you can avoid any errors.
Additionally, SSS also has the Loan Restructuring Program (LRP) which, according to their website, is offered “for members with past due calamity loans and other short-term member loans who reside or work in calamity areas as declared by the National Disaster Risk Reduction and Management Council (NDRRMC) or the national government.”
Aside from SSS, other agencies that offer emergency loans are GSIS and Pag-IBIG Fund. The requirements and process, of course, with each one and your best bet would be to visit their office for inquiries or to check out details from their official websites. You have to be aware, however, that all these loans come with their own interest rates so make sure that you only borrow money when you really need it.
sss.gov.ph
The post How to Apply for SSS Calamity Loan appeared first on READit.
]]>