SSS Calamity Loan Assistance Application | guideph.com

 

SSS Calamity Loan Assistance Application-When tragedy strikes, it does not just destroy the lives yet additionally the numerous homes and also resources of people. One might think about obtaining a finance since this could be the only selection of other people to restore and also return on their feet.

The SSS calamity loan assistance is just one of the programs of our government to assist its people in restoring their lives after a harmful calamity. To recognize even more concerning the SSS calamity loan assistance application, I recommend keeping analysis till completion of this write-up.

WHAT IS THE SSS CALAMITY LOAN ASSISTANCE?

The Social Security System (SSS) Calamity Loan Assistance is a program supplied by the government whenever there is a tragedy that occurred in a certain area such as hurricanes, earthquakes, war, as well as various other unanticipated cases (all-natural or synthetic).

WHO CAN APPLY FOR THE SSS CALAMITY LOAN ASSISTANCE?

The SSS Calamity loan is an unique funding and is not available anytime for all members. This is just open up to members that meet the adhering to standards:

• Has paid at the very least thirty-six (36) regular monthly contributions, 6 (6) of which are posted within the last twelve (12) months before the month of the calamity lending application.
• Has remained in active service as well as not on sabbatical without pay.
• Has no missing out on or past due financial obligation in their month-to-month contributions.
• Members who have no loan that has been stated in default.
• A resident or a civil servant in a location under the State of Tragedy. A citizen is one that has a home address or home at the stricken location
• Have not availed the overall long-term disability, retirement, or death benefits.
• Have no pending criminal or administrative charges.

SSS CALAMITY LOAN ASSISTANCE APPLICATION REQUIREMENTS

These are the needed papers for the disaster financing support application:

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

These are the checklist of primary cards that you may provide on your application of SSS Disaster Funding:

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

Nonetheless, if you do not have the primary cards discussed above, you might provide two (2) additional ID cards or documents both with trademark as well as photo.

These are the Additional IDs that you can present in the absence of your Primary ID:

• Alien Certification of Registration.
• Certificate of Licensure Documents from Maritime Industry Authority.
• Certificate from the National Commission of Indigenous Peoples or National Compensation on Muslim Filipinos.
• Company ID Card.
• Weapon Certificate Card issued by the Philippine National Police (PNP).
• Fishworker's Permit issued by the Bureau of Fisheries and also Aquatic Resources (BFAR).
• Health or Medical Card.
• PAG-IBIG Participant's Information Kind.
• ID Card released by Local Government Units.
• Marriage Contract/Marriage Certification.
• Oversea Worker Welfare Administration (OWWA) Card.
• Philippine Health Insurance Corporation (PHIC) Card.
• Police Clearance or NBI Clearance.
• Postal ID Card.
• School ID Card.
• Seafarer's Registration Certificate released by POEA.
• Senior Card.
• Student Driver License Provided by Land Transportation Office (LTO).
• Taxpayer's Identification Number (TIN) Card.
• Voter's Recognition Card/Affidavit/Certificate of Registration.

Below are the called for files for OFWs with an authorized rep:.

• Fully-accomplished SSS Calamity Loan Assistance Application Form.
• Authorization letter.
• Duplicates of the OFW's legitimate IDs (Scanned and also Printed).
• Initial Legitimate IDs of the authorized Agent.

SSS CALAMITY LOAN ASSSISTANCE APPLICATION PROCEDURE

1. Complete the SSS calamity loan assistance application form.
2. Fill all essential details and also indicate "N/A" if the required data is not applicable.
3. Bring your application form along with all the called for papers at any SSS Branch Office for processing.
4. The SSS personnel will certainly assess your application.
5. Wait on the approval of your SSS Calamity Loan application.

REMINDERS:

The SSS Calamity Loan will be straight credited to the SSS-issued UMID ATM Account.

If ever before the participant has no activated UMID ATM Card, he/she will be offered an option on the mode of settlement of the proceeds as adheres to:

1. Thru cash card.
2. Thru check.
3. Verification of status may be made through the SSS site (for enlisted members just) at https://www.sss.gov.ph/
4. A service charge of 1% shall be waived.
5. The loan shall be payable within 2 (2) years in 24 equal regular monthly installments.

SSS CALAMITY LOAN ASSSISTANCE LOANABLE AMOUNT

The financing amount for SSS Catastrophe Loan Help shall be equivalent to one (1) monthly income debt (MSC) calculated based on the standard of the last 12 MSC's or the complete quantity of problems as accredited by the member in the application form (rounded up to the nearby thousands), whichever is lower.

SSS CALAMITY LOAN ASSISTANCE INTEREST AND PENALTY

1. The loan shall be charged a rate of interest of 10% per year calculated on a decreasing major equilibrium.
2. An excess in the amortization repayment shall be put on the exceptional primary equilibrium.
3. Funding amortization or settlements that are not remitted on the due date will bear the fine of 1% per month until completely paid. Participants will bear the charge of 1% monthly until completely paid if car loan amortization/payments were not paid on the due day.
4. If the finance is not completely paid at the end of the term, the passion of 10% per year shall remain to be billed on the exceptional primary equilibrium up until completely paid.

OTHER CONDITIONS:

1. The members have to personally get the SSS disaster car loan assistance program thru any SSS branch offices (non-prescription).
2. For Overseas Filipino Workers (OFWs)/ Seafarers, the participants must provide a Consent Letter for their accredited representative authorizing the last to submit their SSS catastrophe car loan help application on their part.
3. The participants need to submit a barangay certification certifying that the participants are citizens of the proclaimed tragedy location and also were affected by the stated catastrophe.
4. The participants need to certify the extent of problems, in peso equivalent, to their home or home.
5. The SSS tragedy loan must be fully-paid before the participant can get future catastrophe car loans of SSS.
6. Various other conditions in the existing income lending standards not consistent with the above stipulations shall be applicable in this program.
7. The participant has to inform the Member Solutions Area on the nearest SSS branch office in any type of modification in the following:
8. Address-- thru SS Form E-4 and also should be filed over-the-counter.
9. Employer-- thru a notification sent through mail, submitted non-prescription or sent out through e-mail: _ relations@sss.gov.ph. The notice must include the SS number, name, and also trademark of the member.
10. SSS Calamity Loan Assistance Check might be grabbed by the participant or authorized agent within 10 (10) functioning days at SSS Branch Workplace where the application is submitted. The check will be sent via mail to the member's regional mailing address.