SSS: Emergency loan program still available for members
MANILA, Philippines – Qualified Social Security System (SSS) members in areas under a state of calamity may now avail of an emergency loan.
“Ipinapaalala lang namin sa ating mga kababayan na bukas pa rin ang ating emergency loan program na puwede pong [mag-apply ang] ating mga miyembro ng SSS. We would like to remind our countrymen that our emergency loan program is still open for our SSS members to apply for,” SSS Vice President Carlo Villacorta said in a Radyo Pilipinas interview Thursday.
READ: SSS, RCBC roll out digital micro-loan program
Villacorta said the emergency loan program offers up to P20,000 at a reduced interest rate of 7 percent per annum, with a six-month repayment moratorium.
The member must have at least 18 monthly contributions and have a valid Philippine home address on SSS records.
Villacorta said the application period will be until April 30, 2027.
READ: Uplift: SSS sets Aug. 11 deadline for failed P2,000 aid crediting
A member shall file the loan application online through their My.SSS account via the SSS website or through the SSS mobile application.
The loan proceeds shall be released through an active MySSS Card or UMID ATM Pay Card or an active single account in any PESONet participating bank in the name of the member.
READ: SSS benefits for 2026 to exceed P250 billion
Villacorta, meanwhile, said that new SSS pensioners will be able to enjoy the pension increase starting September this year.
“Para po sa mga bagong pensioner ng SSS, yung mga nag-pension ng June, July, at August, tataas ang kanilang pension pagdating ng September. (New pensioners who started receiving their pension in June, July, August will have a pension increase this September),” he said.
The increase is part of the rollout of the pension reform program earlier announced by the SSS. (PNA)
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