List of Calamity Loan Offers in the Philippines Qualified Filipinos May Apply For
CALAMITY LOAN PHILIPPINES – You can check here a complete guide on loans for the victims of natural disasters.
There are many type of loans. One of them is the Calamity Loan which was designed for the people to turn to in times of natural disaster. There might be offers that are open for the public but most are exclusive for a specific group of people.
GSIS Emergency Loan
The Government Service Insurance System, one of the state-run social insurance giants, offers the GSIS Calamity Loan exclusive for their members who meet the following qualifications:
- in active service and not on leave of absence without pay
- a resident or government employee in an area under State of Calamity
- has no pending criminal or administrative charges
- has no loan that has been declared in default
- has no missing/overdue debts in their monthly contributions
A Pag-IBIG Fund member may borrow from Php 20,000 up to Php 40,000. It can be repaid up to 3 years or 36 monthly installments under an interest rate of 6% per annum.
The Pag-IBIG Calamity Loan offer application process can be done in several ways — you may apply for the loan in-person at a branch of the GSIS or through your eCard Plus at any GSIS servicing office which has a G-W@PS kiosk installed.
If you wish to apply for the loan through G-W@PS, tap/click “Emergency Loan” from the “Loan” menu and follow the steps provided to complete the transaction.
Pag-IBIG Fund Calamity Loan
Also one of the Calamity Loan offers in the Philippines is the offer of the Pag-IBIG Fund. It is also exclusive for its qualified members. Here are the eligibility criteria set by the government agency under the loan offer:
- has posted at least 24 monthly savings
- has made at least 5 monthly savings in the last 6 months
- lives in in an area under a Pag-IBIG State of Calamity
Under the Pag-IBIG offer, a qualified member may borrow a maximum amount that is equivalent to 80% of his/her regular savings to the Fund. The Fund implements an interest rate of 5.95% per annum. A member may borrow the loan for up to 36 months.
The Pag-IBIG Fund has set the validity of a member’s eligibility for the loan for 90 days since the declaration of the State of Calamity. In applying for the offer, there are Pag-IBIG Calamity Loan requirements for application.
SSS Calamity Loan
Also one of the calamity loan offers in the Philippines is the offer exclusive to the members of another social insurance giant, the Social Security System. Here are the qualifications set by the state entity under the loan SSS Calamity Loan offer:
- a minimum of 24 monthly contributions posted and three (3) of which must have been posted within the last 12-month period before the month of filing of loan application
- at least 60 years old upon the filing of the loan application
- not a recipient of any final SSS benefit nor was refunded SSS contributions
- has updated payments in case of existing loans with the SSS
The maximum borrowing amount under the Calamity Loan offer is equivalent to one (1) monthly salary credit (MSC). A member-borrower may repay the loan for up to two (2) years or 24 monthly installments.
Just like in other loan offers crafted for natural disasters, there are also SSS Calamity Loan requirements that must be submitted to the state entity in applying for the offer. The application can be done in-person at an SSS branch or through your My.SSS account.
