Who qualifies for calamity loans?

Is calamity loan still available in SSS 2021?

The deadline for the application for the calamity loan or CLAP is until February 26, 2021. Also, there is a Direct House Repair and Improvement Loan for qualified members, which will be open for one year from the issuance of its corresponding circular.

How much can I loan for calamity loan in SSS?

71 billion in 2020. Pension loan releases in 2020 increased by 34.6 percent from the P2. 52 billion reported in 2019 because of the enhanced guidelines issued by the SSS, which increased the maximum loanable amount under this program from P32,000 to P200,000 starting in October 2019.

How will I know if my calamity loan is approved?

SSS calamity loan processing time is usually three to five working days. You will receive an SMS or email notification once your loan application has been approved. This may take a few days, depending on the volume of applications received.

Who is eligible for SSS emergency loan?

Qualified to apply for the loan are members who are: in active service and not on leave of absence without pay; have no pending administrative or criminal case; and have a net take-home pay of not lower than ₱5,000 after all required monthly obligations have been deducted.

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Can I apply calamity loan with existing salary loan?

A member can have an existing Pag-IBIG Fund MPL and still apply for Calamity Loan, as long as the member is updated with the payment of monthly contributions prior to the enhanced community quarantine done on 16 March 2020.

Can I avail calamity loan with existing salary loan in SSS?

This calamity loan must be fully paid before the member can avail of future calamity loans of SSS. 2. … Other terms and conditions in the existing salary loan guidelines, not inconsistent with the above provisions shall be applicable in this program.

How much is the loanable amount in Pag IBIG calamity loan?

3How much may I borrow under the Pag-IBIG Calamity Loan? Qualified members may borrow up to 80% of their total Pag-IBIG Regular Savings, which consist of their monthly contributions, their employer’s contributions, and accumulated dividends earned.

How long is SSS calamity loan?

The loan proceeds shall be available to member-borrower’s account within three (3) to five (5) working days from approval date of the loan.

How can I follow up my SSS calamity loan?

A relatively easier way to check SSS loan status is by logging in to the SSS member portal (as of this writing, it only works in the old member portal but I expect it will also be available in the new My. SSS portal soon). Once inside the portal, point the cursor to ‘E-SERVICES’ and then click ‘Inquiry’.