The Social Security System (SSS) has opened its Calamity Loan Assistance Program (CLAP) for members living in areas placed under a state of calamity due to Typhoon Tino. The loan is designed to provide immediate financial assistance to individuals affected by property damage and other losses resulting from the storm, which has severely impacted the Philippines.
According to the National Disaster Risk Reduction and Management Council’s (NDRRMC) monitoring dashboard, as of November 11, over 4.1 million Filipinos across eight provinces have been affected. The storm has claimed 213 lives, caused P157.95 million in agricultural damage, and P179.68 million in infrastructure damage.
For over a million families, this means rebuilding homes and trying to get livelihoods back on track. To help them, the SSS opened a calamity loan program specifically for victims of Typhoon Tino. Applications will be accepted from November 6 to December 5. Read on for our guide to the SSS Calamity Loan.
To easily navigate this guide, jump to the following sections:
Who Can Apply
You may qualify for the loan if:
- You live in an area officially declared under a state of calamity due to Typhoon Tino
- You suffered damage to your home or property
- You have at least 36 posted SSS contributions, with at least six posted in the last 12 months
- You have no unpaid or overdue SSS short-term loans
- You have not claimed permanent total disability or retirement benefits
- You are registered on the My.SSS online portal
For self-employed, voluntary, non-working spouse, and land-based OFW members, you must have at least six (6) posted contributions under your current membership type.
As of this writing, the program is only available in cities and municipalities in Cebu. You may check this page to see if your registered address qualifies you for a loan.
Loan Amount and Terms
Members are allowed to borrow up to P20,000, or their Monthly Salary Credit, whichever is lower. While normally, CLAP’s interest rate is at 10 percent per year, SSS has lowered the rate to 7 percent per year for members affected by Tino, with a repayment period of 24 months. Service fees have also been waived.
SSS notes that a small pro-rated interest, from the release date to the first payment month, will be deducted upfront. Any previous SSS calamity loan must also be fully paid before a member applies again.
Funds will be credited to your bank account enrolled under the Disbursement Account Enrollment Module (DAEM), or to your UMID-ATM card if you have one. Your bank must be PESONet-accredited.
How to Apply for a Calamity Loan
SSS provides simple, accessible steps to apply for a calamity loan.
- Log in to your My.SSS account on the web portal and enroll your bank account under DAEM and upload the required proof (ATM card photo, passbook page, or online banking screenshot).
- Apply for the loan via the form on the My.SSS web portal or MySSS mobile app. When asked to select a loan type, choose: CLP – CT TINO.
- Submit your application and wait for approval. Once approved, funds will be deposited into your enrolled bank account.
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