How to Apply for a Calamity Loan

Getting things back to normal is a must when natural calamities such as floods, storms, earthquakes, etc. hit us. There are so many difficulties that we have to go through when we come across disasters. Our ceilings get leaked, our cars need to be repaired, we have to make up for the income that we missed due to the absence at the office — a bunch of messed up things. In such a devastating situation, the SSS calamity loan comes in handy. Calamity loan sss is a specially designed loan for people who are in need of help when they fall in crisis due to natural disasters.

What is SSS Calamity Loan?

Like sss calamity loan, there are some other loan types such as pag ibig calamity loan and gsis calamity loan that might come in handy for you. Unlike other government-issued loans, there are some restrictions incorporated when you go to avail these loans. Anyone from anywhere cannot get to have the advantages of these calamity loans as they are only designed to serve people who are at a loss due to disasters. You have to make sure that you are a member of an area that is declared under the state of calamity within a limited period. It is a must for your sss calamity loan requirements.

Who can apply for a calamity loan?

Availing to a calamity loan means you are availing to immediate financial aid from the lender. As long as your country is under the State of Calamity, you are likely to get advantages from this loan type. Nobody wants to be hit by disasters. Unfortunately, if you get hit, you have options in your hand. Here is a rundown about who can apply for a calamity loan.

  • You have to be the one who paid at least 36 monthly contributions. Keep in mind that from these 36 monthly contributions, six of them should be posted within a year before you apply for the loan.
  • Your home should be situated in an area which is under the State of Calamity.
  • There is a range of SSS benefits that you should not avail before applying for the loan. These benefits are total permanent disability, retirement, or death.
  • You should not be the one who has a calamity loan assistance program, or SSS loan restructuring program.
  • You have to be in active service. If you are on leave of absence without pay, the chances are that you will not be able to avail this loan type.
  • If you have any criminal or pending administrative charges, then a calamity loan is not for you.
  • Your monthly contributions should not include any missing or overdue debts.

Calamity Loan Documents requirements

  • You have to fill out the sss calamity loan form duly.
  • You need to provide two photocopies of valid government IDs.
  • Proof of your income source is one of the most necessary sss calamity loan requirements. 
  • You also have to provide the declaration of being affected by calamities. This declaration is mainly needed for formally employed members.

Benefits of Calamity Loan

  • Loan Amount: You are likely to get one monthly salary credit up to PHP 20,000 with a calamity loan. Or, you can get the total amount of damage, whichever is lower.
  • Interest Rate: The interest rate of calamity loans tends to roam around 10% per annum.
  • Repayment Period: You get 24 months to repay the money to the financial organization. Besides, the monthly amortization tends to start in the second month after you avail the loan from the company.

How to apply calamity loan in SSS?

SSS calamity loan can be applied after three months of issuing a circular on providing assistance to affected members in the area. There are some documents that the company might need while you apply for the loan.

The Member Services Section of any SSS branch might need the following copies:

  • Correctly filled out Calamity Loan Assistance Application Form
  • Barangay Certification
  • One primary ID such as Passport, UMID, Driver’s License, PRC Card, or Seaman’s book. If you don’t have these IDs, you can still avail the loan with two secondary IDs such as Senior Citizen ID, PhilHealth ID, TIN Card, Company ID, Voter’s ID, etc.

To file the SSS calamity loan application, the members of OFW might assign a representative. Additional documents might be needed throughout the process. The documents may include:

  • Authorization letter
  • Hard copies of scanned OFW’s valid IDS with original valid IDs of the authorized representative.

Sometimes you may need more information than these. In such a case, you can always contact SSS with the following process:

  • Visit the nearest SSS branch office
  • Call to SSS Call Center Hotline: 920-6446 to 55
  • Or email at [email protected]

Pag-IBIG Calamity Loan

Amid the coronavirus disease threat in 2019, Pag-IBIG has allowed the digital processing of loans including Calamity Loan. Philippines is a country that has been declared under a state of calamity by President Rodrigo Duterte. The expected duration of this state of calamity is at least six months. Most Filipinos are currently in need of financial circumstances as they lost their jobs or the business operations are on hold. With Pag-IBIG Fund Calamity Loan, people in in calamity-stricken areas can get immediate financial aid.

Pag-IBIG Calamity Loan Features

  • Loan Amount: You can avail the pag ibig calamity loan, and the amount will vary up to 80% of your Total Accumulated Value. Many people are always confused about pag ibig calamity loan how much will they get. This should make them explicit.
  • Interest Rate: 5.95% per annum
  • Repayment Period: You get two years of repayment period with a grace period of three months. The monthly amortization tends to start in the fourth month after you take the loan.

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Who Can Apply for Pag-IBIG Calamity Loan?

There is a series of criteria that you have to meet if you want to apply for this loan type.

  • You have to make sure that you paid at least 24 monthly Pag-IBIG monthly contributions.
  • In the last six months, you have to ensure that you have paid five monthly contributions before you avail the loan.
  • The area you live in should be declared under the State of Calamity.

In a nutshell, you have to be a contributing member who resides in an area that is declared under a state of calamity by the Office of the President or the Local Sanggunian. Besides, if you already have an existing Pag-IBIG Fund Housing Loan or Calamity Loan, you have to make sure that your payments are updated so that you can qualify.

How to Apply for Pag-IBIG calamity Loan?

After three months of the declaration of the State of Calamity in your area, you will be able to get this loan. You need to go to the Pag-IBIG office and submit the documents if you want to file your calamity loan application. The documents may include:

  • You have to fill out the calamity loan pag ibig form properly. 
  • At least two valid IDs (photocopy)
  • Proof of your income source. The proof documentation may include certification of employment with compensation, income tax returns, etc.

These are the fundamentals of pag ibig calamity loan form and application. If you still have anything to know about the calamity loan, you can always visit the nearest Pag-IBIG branch or make a phone call at 724-4244.

How Much Can You Borrow?

Pag-IBIG announced on their website that a qualified applicant can get up to 80% of their total Pag-IBIG regular savings. Moreover, if you happen to have a good multipurpose or calamity loan, then the difference between the 80% of your total Pag-IBIG Regular Savings and will be the amount you will receive. Qualified members can borrow the money within a period of 90 days from the declaration of a state of calamity. The completion of the whole process takes up to 3 to 7 business days to release the funds. It usually takes less than two days but during this pandemic situation, it causes a delayed timeframe.

You get two years to repay the loan. Besides, the loan comes with the initial payment due on the third month after the loan lease. Once the loan is approved, you are likely to receive a text message that your loan has been approved and crediting in the Loyalty Card Plus, DBP Cashcard, and Landbank.

GSIS Calamity Loan

Philippine’s economy is the world’s 29th largest economy, according to the International Monetary Fund. However, the GDP of the country shrunk to 10% this year due to the pandemic. This was within the 9 months of long and partial lockdowns imposed by the government. But there is hope for a quick economic recovery estimated at 6.5% to 7.5% in 2021.

This might be a relief to hear, but many Filipinos have lost their source of income. Families are struggling to feed themselves due to no income. For this reason, the government approved the Bahanihan Heal As One-Act provides, which allocated 10 billion allocations to industries. And the Department of Labor approved a bill that forced all employers to pay their employees outstanding salaries.

However, the measures were just a drop in the ocean, considering the number of families and the economy’s state. For the government to boost its effort to ensure Filipinos are cushioned, they reopened the GSIS Calamity Loan. The loan program was opened on September 28 and it will end on December 27, 2020. Here is what you need to know about the GSIS Calamity Loan 2020.

What is a GSIS Calamity (Emergency) Loan?

GSIS Emergency Loan is a fund that is given to people who have been affected by calamities such as typhoons and the pandemic. The money is only given to members or pensioners, and loan tenure is 3 years. The interest of the GSIS Calamity Loan is at 6% per annum. President Rodrigo Duterte signed Proclamation 1021, which extended the state of calamity in the country. The move was to help senior citizens and disabled members who have not benefited from the previous programs.

The amazing thing about the loan is that you can renew your application. Once you do this, the remaining balance shall be deducted from the proceeds of the new loan. Hence this is the best way to acquire funds during this pandemic at a flexible interest rate. If you haven’t benefited from the previous stimulus packages, it is time to join the GSIS Emergency Loan 2020 program.

How to Apply for an Emergency Loan in GSIS?

To apply for the GSIS Emergency Loan, you will need to use the GSIS Wireless Automated Processing System (GWAPS) kiosk. You can go to the nearest GSIS shop or government office and make the application. The system allows you to make a loan application and even renew your active status for pensioners.

The GWAPS is more like an ATM, but it doesn’t dispense cash. To apply for the cash, you’ll need your eCard. The card is to be placed in the card reader, and then your fingerprint is needed to prove you are the legal cardholder. Therefore, place your light on the scanner and follow the instructions. GSIS Emergency Loan processing time takes only a few minutes, and you’ll be done. If you find it hard to use the machines at the malls, we recommend visiting the government office where you will be guided. The loan application is fast and effective, and there are no documents required, just the eCard.

GSIS Emergency Loan Online Application

Due to the pandemic, the government has opted for the GSIS Calamity Loan online application. This differs from the usual GSIS Wireless Automated Processing System (GWAPS) kiosk you are used to. The move is to help in controlling the spread of the Covid-19 virus.

Therefore, take your smartphone or laptop and ensure there is a stable internet connection. And we will guide you through the application process step by step. Here is how to apply for an emergency loan in GSIS:

  1. The first step will be downloading the Application form from GSIS website.
  2. Once you have downloaded the forms, you will be required to fill them. Plus, you will be required to attach JPEG or PDF files before submitting your application.

Here the files required:

GSIS UMID eCard or temporary eCard. If these two files are unavailable, you can use 2 valid IDs. The photos of the IDs should be clear and taken both front and back. Then a clear picture of you holding these two IDs should be uploaded as well.
The Application forms have to be filled properly with no errors and contain a clear picture of you holding your eCARD or GSIS UMID eCard attached.

3. Once you have completed the steps mentioned above, you’ll be expected to email all the files. The files should be sent in the following format for the application to be successful:

· (Type of GSIS Loan_BP Number_Last Name_First Name_Agency Name) For example, EMERGENCYLOAD_2000896342_ DUTERTE_ ALDO_DPWH _CEBU
Send the files to your respective offices or departments. Ensure the files have a maximum size of 2MB per email. After sending the emails, wait for the following from the GSIS portal:
· Acknowledgment email from GSIS;
· Tentative loan computation and loan amount conformation;
· GSIS will notify you via email if there are incomplete or non-compliant documents that need to be checked.

GSIS Calamity Loan Requirements

Before your request is approved, there are GSIS Calamity Loan requirements you must meet. They include:

  1. It would help if you were a resident or an employee of the government. And the office you are in should be found within the calamity region. The region is supposed to be declared by the National Disaster Reduction Risk Management Council or Sangguniang Panlalawigan. These are the agencies that declare a region a calamity-hit area.
  2. The applicant shouldn’t have any arrearages in payment of their mandatory insurance premiums.
  3. One should be active in service and not on leave of absence without pay for the loan request to be approved.
  4. The applicant should not have a pending loan that has been declared in default over the last 6 months.
  5. It would help if you didn’t have a pending criminal or administrative case to be considered a viable candidate.
  6. One must have a net income of PHP 5,000 minimum for the loan request to be approved.

GSIS Calamity Loan for Covid-19

GSIS Calamity Loan for Covid-19 was opened on September 28, and it will run up to December 27. President Rodrigo Duterte enforced the Act, which extended the state of the calamity in the nation. The bill is supposed to make the old and disable pensioners comfortable during the pandemic.

According to statistics, there are still 1.3 million eligible candidates who have not applied for the GSIS Emergency Loan for Covid. However, the agency in charge hopes the 3 months application period gives one a chance to acquire the funds. The government has set aside PHP 43.01 billion for the GSIS Calamity Program. So far, PHP 18 billion has been released to members and pensioners. This leaves PHP 25.01 billion that needs to be allocated to the public to cushion them during the pandemic.

The government understands the state of the economy; hence they have made it easy to access the funds. Those who have been qualified but have an existing emergency loan can request a GSIS Calamity Loan amount up to PHP 40,000. The amount is to be used to pay off the previous loan balance. But you stand to receive a maximum net amount of PHP 20,000. On the other hand, those who don’t have any debts to their names should receive PHP 20,000 maximum. However, if you have already received the GSIS Calamity Loan, you aren’t considered in a second application. Plus, you must be active in service to be considered eligible. For this reason, we recommend using cash wisely.

GSIS Calamity Loan for Typhoon Ompong

Typhoon Ompong is known to cause a lot of havoc. When it happened, it left a lot of destruction, and some even lost their lives. Though the government has placed programs such as Cash-For-Work (CFW) and Emergency Shelter Assistance (ESA), funds are not enough. This is because most families were being left out, but many will benefit from reopening the GSIS Calamity Loan.

The funds are to be allocated to the affected region by the National Disaster Reduction Risk Management Council. The agency helps identify those who have been adversely affected by the calamity and release the funds. Even if you have made premium payments for the last 3 months, not 6, you are still qualified for the GSIS Calamity Loan.

What Areas are Eligible for GSIS Emergency Loan?

Areas eligible for GSIS Calamity Loan as of February 12, 2020 are explained vividly. Whether you’re working or residing in the areas, you are eligible for the funds. Some of the areas classified according to periods include the following:

1. Due to typhoon “Ursula”
The granting period is from February 12 to March 13, 2020.
This is in the Province of Eastern Samar.

2. Due to typhoon “Ursula”
The duration in which the cash was handed out is from January 28 to February 2020. The provinces under this section include:
Province of Leyte;
Province of Aklan;
Municipalities of Daanbantayan and Santa Fe that are both in Cebu province.

3. Taal Volcano Eruption
During the eruption, the emergency calamity loan was given from January 21 to February 20 this year. The province affected is Cavite.

Conclusion

There is nothing wrong with availing a calamity loan when you fall into a crisis of natural disasters. Natural disasters are inevitable. We don’t have our hands in them. They can take place anytime, anywhere. We have to stay precautious to mitigate the damages. But, damages will happen, and in such a situation, calamity loans can be your one true best friend. Be it calamity loan gsis, or sss, or pag ibig, a loan is indeed a life-savior. Hence don’t hesitate to visit an office that provides calamity loans, prepare your documents, and everything that is needed to avail the loan. You can then enjoy the benefits of a calamity loan over the long haul!

 

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Written by | Modified date: March 03, 2021

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