Manila, Philippines – The past few months, the country, especially in greater Luzon, experienced devastations from previous typhoons and tropical storms and largely from the effects of hanging habagat or southwest monsoon. Some local government units were placed under states of calamity due to massive flooding, and damage to properties and agriculture.
As per Philippine law, residents of areas under a state of calamity, are granted the privilege to apply for a calamity loan without interest. Three government institutions offer calamity loans – Government Services Insurance System (GSIS), Social Security System (SSS) and Pag-IBIG Home Development Fund.
How to apply for the a calamity loan from the government?
Government Service Insurance System (GSIS)–Emergency Loan Qualifications
Who are qualified to avail of GSIS emergency loan?
Any GSIS member who have the following qualifications may apply for an emergency loan:
- Is in active service and not on leave of absence without pay
- Has no pending criminal or administrative charges
- Has no missing/overdue debts in their monthly contributions
- Has no loan that has been declared in default
- Is a resident or government employee in an area under State of Calamity
Click here for the list of areas where residents maybe eligible to avail of the GSIS calamity loan.
How to apply?
- Qualified borrower may proceed to any GSIS servicing office with Wireless Automated Processing System (G-W@PS) kiosk.
- Bring your eCard Plus.
- Using the G-W@PS, the borrower must select “Emergency Loan” from the “Loan” menu and follow the steps provided to complete the transaction
Borrowers may also proceed to any GSIS office and submit a duly filled up application form.
What are the loan terms?
- The loan is payable in 3 years or 36 monthly installments.
- The loan bears an interest rate of 6% per annum.
A loan computation and monthly amortization will be presented to borrowers upon loan application. If the emergency loan is renewed, the balance of the outstanding loan will be deducted from the proceeds of the new loan.
For inquiries and details, call the GSIS Contact Center at (02) 847-4747 or visit your nearest GSIS branch.
Home Development Fund (Pag-IBIG)–Calamity Loan
Who are qualified to avail of the Pag-IBIG calamity loan?
Any Pag-IBIG member who meets the following criteria may apply for a calamity loan:
- Has made at least 24 monthly savings
- Has made at least 5 monthly savings in the last 6 months
- Resides in an area under State of Calamity
How to: Process and Requirements
The borrower must submit the following to any Pag-IBIG office:
- Calamity Loan Application Form (Download HERE). It is also available at any Pag-IBIG office.
- Photocopy of at least 2 valid IDs
- Proof of Income
- Declaration of Being Affected by Calamity* (for formally employed members)
Loans may be filed within 90 days from the declaration of State of Calamity.
What are the Loan Terms?
- Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program.
- Calamity Loan Interest rate is 5.95% per annum.
- The loan is amortized over 24 months, with a grace period of 3 months.
- Paying period begins on the 4th month following their check date.
For inquiries and details, please contact (02) 724-4244 or visit your nearest Pag-IBIG branch.
Social Security System (SSS)
The SSS decides and announce which calamity relief package available to members in occurrence of a disaster.
The state-run security fund allots P863 million for a relief assistance program, which is now available to its members and pensioners affected by the massive flooding brought by the Southwest Monsoon enhanced by typhoons Henry, Inday and Josie last July.
Who is qualified to avail of SSS calamity loan package?
An SSS member who have met the following criteria may apply:
- whose home address or property is in a declared calamity area; and
- must have a minimum of 36 monthly contributions, six of which should be paid within the 12-month period preceding the date of application.
However, members who availed of the SSS Loan Restructuring Program and those with final benefit claims, such as for total permanent disability and retirement, are excluded from the program.
Applicants under the advance three-month pension, meanwhile, whose present address is different from the address in the SSS database should submit a barangay certification to prove that they reside in a declared calamity area.
The availment period for the assistance package is until Nov. 12, 2018.
For inquiries and more information, contact the SSS 24-hour call center at (02) 920-6446 to 55, Monday to Friday, or send an e-mail to email@example.com.