SSS Calamity Loan Assistance Application | guideph.com

SSS Calamity Loan Application - When disaster strikes, it does not only damage the lives however also the countless residential or commercial properties and also source of incomes of people. One may take into consideration obtaining a financing since this may be the only option of other people to reconstruct and also return on their feet.

The SSS calamity loan assistance is one of the programs of our federal government to assist its individuals in restoring their lives after a harmful calamity. To understand more about the SSS calamity loan assistance application, I recommend maintaining reading till the end of this article.

WHAT IS THE SSS CALAMITY LOAN ASSISTANCE?

The Social Security System (SSS) Calamity Loan Support is a program provided by the government whenever there is a catastrophe that happened in a specific location such as tropical storms, earthquakes, battle, as well as various other unforeseen cases (all-natural or synthetic).

WHO CAN APPLY FOR THE SSS CALAMITY LOAN ASSISTANCE?

The SSS Calamity loan is an unique lending and is not offered anytime for all participants. This is only available to participants that meet the adhering to criteria:

• Has paid a minimum of thirty-six (36) regular monthly payments, six (6) of which are published within the last twelve (12) months prior to the month of the catastrophe finance application.
• Has actually remained in active duty and not on leave of absence without pay.
• Has no missing out on or overdue financial obligation in their month-to-month payments.
• Members that have no car loan that has been declared in default.
• A resident or a government employee in a location under the State of Calamity. A citizen is one that has a house address or home at the stricken area.
• Have not availed the complete permanent disability, retired life, or survivor benefit.
• Have no pending criminal or administrative charges.

SSS CALAMITY LOAN ASSISTANCE APPLICATION REQUIREMENTS

These are the needed documents for the calamity loan help application:

1. A finished SSS Catastrophe Loan Application (https://www.sss.gov.ph/sss/DownloadContent?fileName=calamity%20loan%20assistance%20application.pdf)
2. A Barangay Certification.
3. One (1) primary ID card.

These are the listing of key cards that you might offer on your application of SSS Calamity Finance:

• Unified Multi-Purpose ID (UMID) Card
• Social Security (SS) Card
• Driver's License.
• Passport.
• Professional Regulation Commission (PRC) Card
• Seaman's Book (Seafarer's Identification and Record Book)

Nonetheless, if you don't have the main cards mentioned above, you may present two (2) additional ID cards or records both with signature and also photo.

These are the Second IDs that you can provide in the lack of your Main ID:.

• Alien Certificate of Registration.
• Certification of Licensure Files from Maritime Industry Authority.
• Certificate from the National Payment of Indigenous Peoples or National Compensation on Muslim Filipinos.
• Company ID Card.
• Firearm License Card provided by the Philippine National Cops (PNP).
• Fishworker's Permit provided by the Bureau of Fisheries as well as Aquatic Resources (BFAR).
• Health And Wellness or Medical Card.
• PAG-IBIG Member's Data Form.
• ID Card provided by Local Government Systems.
• Marriage Contract/Marriage Certification.
• Oversea Worker Welfare Management (OWWA) Card.
• Philippine Health Insurance Corporation (PHIC) Card.
• Police Clearance or NBI Clearance.
• Postal ID Card.
• School ID Card.
• Seafarer's Registration Certification provided by POEA.
• Senior Citizen Card.
• Student Driver Permit Provided by Land Transportation Office (LTO).
• Taxpayer's Identification Number (TIN) Card.
• Voter's Recognition Card/Affidavit/Certificate of Registration.

Here are the required documents for OFWs with an accredited rep:

• Fully-accomplished SSS Calamity Loan Assistance Application.
• Authorization letter.
• Copies of the OFW's valid IDs (Scanned and Printed).
• Original Legitimate IDs of the accredited Agent.

SSS CALAMITY LOAN ASSISTANCE APPLICATION PROCEDURE

1. Fill out the SSS calamity loan support application.

• Fill all required info as well as show "N/A" if the needed information is not applicable.

2. Bring your application together with all the required files at any type of SSS Branch Office for processing.

3. The SSS personnel will certainly assess your application.

4. Wait the authorization of your SSS Calamity loan application.

REMINDERS:

1. The SSS Calamity Loan will certainly be directly credited to the SSS-issued UMID ATM Account.

If ever before the participant has actually no turned on UMID ATM Card, he/she shall be offered an option on the mode of repayment of the profits as follows:

1. Thru cash card.
2. Thru check.
3. Confirmation of standing may be made through the SSS web site (for registered participants just) at https://www.sss.gov.ph/
4. A service fee of 1% will be waived.
5. The loan will be payable within two (2) years in 24 equal regular monthly installments.

SSS CALAMITY LOAN ASSISTANCE LOANABLE AMOUNT

The loan amount for SSS Calamity Loan Assistance will be equivalent to one (1) month-to-month wage credit scores (MSC) calculated based upon the standard of the last 12 MSC's or the complete quantity of problems as licensed by the member in the application form (assembled to the nearby thousands), whichever is lower.

SSS CALAMITY LOAN ASSISTANCE INTEREST AND FENALTY

1. The loan will be billed an interest rate of 10% per year computed on a decreasing principal balance.
2. An extra in the amortization settlement shall be related to the exceptional primary balance.
3. Lending amortization or payments that are not paid on the due date will birth the charge of 1% per month up until fully paid. Members will bear the penalty of 1% per month until totally paid if funding amortization/payments were not remitted on the due date.
4. If the finance is not totally paid at the end of the term, the rate of interest of 10% per year will continue to be billed on the outstanding principal balance until totally paid.

OTHER CONDITIONS:

1. The participants must directly apply for the SSS disaster car loan help program thru any kind of SSS branch offices (non-prescription).
2. For Overseas Filipino Workers (OFWs)/ Seafarers, the members have to release an Authorization Letter in favor of their licensed depictive accrediting the last to file their SSS calamity loan support application on their part.
3. The participants need to submit a barangay qualification licensing that the members are residents of the declared disaster location as well as were influenced by the stated disaster.
4. The members need to accredit the level of damages, in peso matching, to their house or home.
5. The SSS calamity loan should be fully-paid prior to the participant can use future tragedy funding's of SSS.
6. Other terms in the existing salary lending guidelines not consistent with the above provisions shall apply in this program.
7. The member must alert the Member Provider Area on the nearest SSS branch workplace in any kind of modification in the following:
8. Address - thru SS Form E-4 and also need to be submitted over-the-counter.
9. Employer - thru a notification sent using mail, filed over the counter or sent with email: _ relations@sss.gov.ph. The notice has to include the SS number, name, and trademark of the member.
10. SSS Calamity Loan Help Check may be grabbed by the participant or licensed agent within ten (10) working days at SSS Branch Office where the application is filed. The check will be sent through mail to the participant's regional mailing address.