Organization : Republic of the Philippines
Portal : Social Security System (SSS)
Facility : SSS Emergency Loan Program
Country : Philippines
Website : https://www.sss.gov.ph/sss-emergency-loan-program/
What is SSS Emergency Loan Program?
The Emergency Loan Program provides financial assistance to SSS members and borrowers who are Philippine residents affected by a declared State of National Calamity (SONC) through a Presidential Proclamation or its equivalent.
Related / Similar Facility : eTravel Philippine Travel Information System
Eligibility Requirements of SSS Emergency Loan Program
To qualify for the SSS ELP, the following conditions must be satisfied
Number of Contributions:
** The member must have at least thirty-six (36) monthly contributions, six (6) of which should be posted within the last twelve (12) months prior to the month of filing of application.
** In addition, SE members, VM, including NWS, or land-based OFW members must have at least six (6) posted monthly contributions under their current coverage/membership type prior to the month of loan application.
** The employer of the employed member must be updated in the payment of contributions and loan remittances of their employees.
The member must:
** Be a resident of the Philippines and must have a valid local home address in the SSS records;
** Have not been granted any final benefit (e.g., permanent total disability, retirement), provided that if a final benefit has previously been granted, the same has already been cancelled prior to the loan application due to re-employment, resumption of self-employment, or recovery from total disability;
** Be of legal age and under sixty-five (65) years of age at the time of application for loan;
** Have no past due Emergency, Calamity, and Salary Loan, including SLERP, EALP, or other short-term or long-term member loans as may be determined by the SSS;
** Have no outstanding Restructured Loan;
** Have not been disqualified due to fraud committed against the SSS;
** Have an updated contact information in the SSS database; and
** Have an active disbursement account enrolled through the DAEM in the SSS website.
How To Apply For SSS Emergency Loan Program?
Updating of Member’s Home Address during the ELP Availment Period:
In view of the nationwide coverage of the ELP, members who update their local home address at any SSS Branch Office/FO shall not be required to obtain a Calamity Loan Reference Number (CLRN). Regardless of their local home address, members remain eligible for the ELP, provided they meet all other qualification requirements.
Filing of Applications:
A member shall file the loan application online through the SSS website by accessing their My.SSS account or through the SSS Mobile App.
Release of Emergency Loan Proceeds:
The loan proceeds shall be released through any of the following:
** Active MySSS Card or UMID ATM Pay Card; or
** Active single account in any PESONet participating banks in the name of the member. Said bank account must be enrolled in the DAEM of the member’s My.SSS account.
Availment Period of SSS Emergency Loan Program
The availment period of the ELP shall be one (1) year from the date it is announced by the SSS in a widely circulated newspaper and through its official communication channels, or until the lifting of the SONC, whichever comes first.