Department Manager III Nerissa L. Sabado ng Member Loans Department ng SSS ukol sa pag-aalok ng calamity loan sa mga miyembro nitong apektado ng bagyong Carina at hanging habagat
Department Manager III Nerissa L. Sabado ng Member Loans Department ng SSS ukol sa pag-aalok ng calamity loan sa mga miyembro nitong apektado ng bagyong Carina at hanging habagat
Category
🗞
NewsTranscript
00:00Calamity Loan of the SSS, we will talk with Nerissa El Salvador, Department Manager 3 of the Member Loans Department of the SSS.
00:09Good afternoon, Ma'am Nerissa.
00:12Good afternoon.
00:14Ma'am, what is this Calamity Loan of the SSS that is being allocated to the members affected by Typhoon Karina and Typhoon Habagat?
00:22This is an additional loan facility on top of our existing salary loan
00:28that will help our members affected by this calamity.
00:36This Calamity Loan of the SSS has a low interest rate of 10% per annum only.
00:42We will be deducting less than 1% of the monthly interest.
00:50Here in the SSS Calamity Loan, who are eligible to apply for this?
00:58Members who live in areas that have been declared by NDRRMC under the State of Calamity are eligible to apply.
01:11The member who is an active SSS member should be assured that there are at least 36 posted monthly contributions.
01:20The remaining 6 should be posted in the last 12 months before the month of application.
01:29Ma'am, what is the process of applying for the SSS Calamity Loan?
01:34The service of the Calamity Loan application is online through the My.SSS account of the member.
01:43That is why their My.SSS account should be active.
01:47They click on the Loans tab and there is a sub-module of the Calamity Loan application.
01:54The member should be assured that he has an active disbursement account in the record of the SSS.
02:02How much can an affected member avail?
02:09The maximum loan amount is P20,000.
02:13We are averaging the last 12 months of the salary credit of the member that depends on their contribution.
02:29Ma'am, please explain the payment terms of the SSS Calamity Loan.
02:34Is it heavy or can the members afford it?
02:38The payment term is light because the Calamity Loan is payable within 2 years or 24 months installment.
02:50The first month of amortization will start in the second month of the application.
02:58The deadline is at the end of the month.
03:01For example, they applied in August.
03:06The first month of amortization will start in October.
03:09The deadline is at the end of the month.
03:12Their first deadline is at the end of February.
03:16So, it is light.
03:17Ma'am, what is the maximum loanable amount?
03:21The maximum loanable amount for the Calamity Loan is P20,000.
03:26How much is the monthly payment for 24 months?
03:31It is around P900,000.
03:34Yes, it is around P900,000 or P833,000.
03:40Yes, it is like that.
03:43It is P10,000 per annum.
03:45P10,000 per annum.
03:47Okay. It is not heavy if it is for 24 months.
03:51So, all right. Please send a message to the SSS members who are contacting us now.
03:57To our members who were affected by the calamity,
04:02including some of our colleagues in the SSS,
04:06first of all, we pray that all of us who were affected will recover from the effects of the earthquake.
04:14The SSS is here to help you with your financial needs.
04:19That is why we launched and made this Calamity Loan available.
04:23As we mentioned earlier, the interest rate is low.
04:26It is P10,000 per annum.
04:28If we calculate it, it is equivalent to P0.83 per month.
04:34We mentioned that the payment term is longer for 24 months.
04:39The interest rate is lower and the payment term is longer compared to other loans available in the market.
04:45Please wait for our announcement that the payment will be applied to the My.SSS account.
04:55We will wait for that.
04:57Thank you very much for your time, Ma'am Nerissa L. Sabado,
05:00Department Manager 3 of the Member Loans Department of the SSS.