SSS Calamity Loan: 7% Rate and What You Receive
Social Security System · loans
Quick answer
The SSS Calamity Loan Program charges 7% per year on a diminishing balance, or 10% on a renewal after penalty condonation, over 24 monthly amortisations. It lends one month of your salary credit average and needs 36 posted contributions plus residence or work in a declared calamity area.
Last verified
Where these figures come from
About these figures: the numbers below come from SSS's official published sources: Social Security System | Calamity Loan Program (https://www.sss.gov.ph/calamity-loan/, retrieved 2026-08-31); Social Security System | Salary Loan (https://www.sss.gov.ph/salary-loan/, retrieved 2026-08-31); Social Security System | SSS Contribution Table (https://www.sss.gov.ph/sss-contribution-table/, retrieved 2026-08-31). Agencies change fees and rates without notice, so confirm with SSS before you rely on them. Last verified: 2026-08-31.
The SSS Calamity Loan Program is a short-term member loan that opens when your area is placed under a state of calamity. SSS lends one month of your salary credit average at 7% per year on a diminishing principal balance, repaid in 24 equal monthly amortisations. The programme runs under SSS Circular 2025-006.
The two conditions that make this loan different
Every other rule is the standard short-term loan rule. These two are not.
| Condition | What SSS requires |
|---|---|
| Where you are | You must be a resident of a declared calamity area based on the registered home address in your SSS record, or an employee of an employer located in a declared calamity area as of the time of the calamity event |
| No overlapping restructure | You must have no outstanding Restructured Loan |
The home address SSS has on file is what decides the first one, not where you happen to be living. If your SSS record is out of date, that is the thing to fix before a calamity, not after.
Who qualifies
| Requirement | What SSS asks for |
|---|---|
| Posted monthly contributions | At least 36 |
| Of which, posted in the last 12 months before filing | 6 |
| Extra rule for self-employed, voluntary, non-working spouse and land-based OFW members | At least 6 posted contributions under the current membership type |
| Employer status, for employed members | Employer must be updated on contributions and loan remittances |
| Age | Legal age and under 65 years old at the time of application |
The member must also not have been granted a final benefit such as permanent total disability or retirement, unless it has already been cancelled because of re-employment, resumption of self-employment or recovery from total disability; must have no past due calamity or salary loan, including under SLERP or EALP; must not have been disqualified for fraud against the SSS; must have updated contact information in the SSS database; and must have an active disbursement account enrolled through the Disbursement Account Enrollment Module.
How much you can borrow
The loan amount is the average of your 12 latest posted Monthly Salary Credits under the Regular SS Program, rounded to the next higher MSC, or the amount you applied for, whichever is lower. Unlike the salary loan, there is no two-month option.
Under SSS Circular 2024-006, effective January 2025, the MSC runs from ₱5,000.00 to ₱35,000.00 at a contribution rate of 15%, so that is the range this loan sits in.
| Average of your 12 latest MSCs | Loan amount | Payment at 7% | Interest at 7% | Payment at 10% | Interest at 10% |
|---|---|---|---|---|---|
| ₱5,000 | ₱5,000 | ₱224 | ₱373 | ₱231 | ₱537 |
| ₱10,000 | ₱10,000 | ₱448 | ₱745 | ₱461 | ₱1,075 |
| ₱15,000 | ₱15,000 | ₱672 | ₱1,118 | ₱692 | ₱1,612 |
| ₱20,000 | ₱20,000 | ₱895 | ₱1,491 | ₱923 | ₱2,150 |
| ₱25,000 | ₱25,000 | ₱1,119 | ₱1,864 | ₱1,154 | ₱2,687 |
| ₱30,000 | ₱30,000 | ₱1,343 | ₱2,236 | ₱1,384 | ₱3,224 |
| ₱35,000 | ₱35,000 | ₱1,567 | ₱2,609 | ₱1,615 | ₱3,762 |
The rates and the 24-month term are official. The payment and interest columns are standard annuity arithmetic run on those rates by this site, not SSS quotations, and they do not model the pro-rated interest deducted up front.
The two rates, and the effective rate SSS publishes
| Type of application | Interest rate | Annual effective interest rate |
|---|---|---|
| Initial loan | 7% per annum on the diminishing principal balance | 7.10% to 8.17% |
| Renewal with no penalty condonation availed in the past 5 years | 7% per annum on the diminishing principal balance | 7.10% to 8.17% |
| Renewal with penalty condonation availed within the past 5 years | 10% per annum on the diminishing principal balance | 9.88% to 11.46% |
SSS is unusually direct here: it publishes an EIR band, not just the headline rate, and says the position within the band depends on the number of days pro-rated interest has been applied. A 7% loan can carry an effective 8.17%, and the 1.07-point gap between the ends of that band is the cost of the timing.
SSS also notes the rate is subject to adjustment in response to market conditions, that adjustments are announced through official channels, and that they apply only to new or renewed loans from the date of adjustment.
What you actually receive
Three things come off the proceeds: the 1% service fee, the pro-rated interest, and the outstanding balance of any previous calamity loan.
SSS publishes the pro-rated interest method with a worked example. A loan dated 15 April 2025 with a first amortisation month of June 2025 and a first amortisation date of 31 July 2025 accrues interest from 16 April to 31 May 2025, which is 46 days. On a ₱20,000.00 loan that is ₱20,000 × 7% × 46/365 = ₱176.44 at 7%, or ₱20,000 × 10% × 46/365 = ₱252.05 at 10%.
Applying that published method across the MSC range, and adding the 1% service fee, gives what you can expect to lose off the top on a 46-day gap.
| Loan amount | Pro-rated interest at 7% | Pro-rated interest at 10% | 1% service fee | Left after both, at 7% |
|---|---|---|---|---|
| ₱5,000 | ₱44.11 | ₱63.01 | ₱50.00 | ₱4,905.89 |
| ₱10,000 | ₱88.22 | ₱126.03 | ₱100.00 | ₱9,811.78 |
| ₱15,000 | ₱132.33 | ₱189.04 | ₱150.00 | ₱14,717.67 |
| ₱20,000 | ₱176.44 | ₱252.05 | ₱200.00 | ₱19,623.56 |
| ₱25,000 | ₱220.55 | ₱315.07 | ₱250.00 | ₱24,529.45 |
| ₱30,000 | ₱264.66 | ₱378.08 | ₱300.00 | ₱29,435.34 |
| ₱35,000 | ₱308.77 | ₱441.10 | ₱350.00 | ₱34,341.23 |
The ₱20,000 row reproduces the SSS worked example exactly, which is why that row is the one to trust most. The other rows apply the same published method to other amounts, still at 46 days. Your own gap will differ, because it depends on the date the loan is granted, and a longer gap means a larger deduction.
Repayment, penalties and default
- 24 equal monthly amortisations, starting on the second month following the month of approval.
- Payment is due on or before the last day of the month following the applicable month. SSS publishes this illustration: March 2025 is due 30 April 2025, April 2025 is due 31 May 2025, May 2025 is due 30 June 2025.
- If the deadline falls on a Saturday, Sunday or holiday, pay on the next working day.
- Pay with a Payment Reference Number at any SSS branch with tellering facilities, or through any SSS-accredited collecting agent.
Late amortisations carry a penalty of 1% per month, computed and charged for every day of delay. If the loan is still unpaid after the term, the 10% rate and a 1% monthly penalty apply until it is fully paid. A loan is in default when unpaid principal, interest and penalties exceed 6 monthly amortisations, or when a balance remains after the term, at which point the full balance becomes due and demandable without demand or notice.
Payments are applied penalty first, then interest, then principal. An overpayment on a previous loan, once validated, goes to an active loan in that same order, or is refunded on request if there is no active loan.
Renewing, and cancelling
| Situation | When you can renew |
|---|---|
| Existing loan, not past due, last 3 amortisations paid on time | 6 months from the date of loan approval |
| Fully paid loan, last 3 amortisations paid on time | Immediately |
| Fully paid loan, any of the last 3 paid late | 3 months from the date of full payment |
The balance of the existing calamity loan is deducted from the new loan’s proceeds, and what is left must be ₱1,000.00 or more, except for kasambahay and household employees, where the floor is ₱100.00. That ₱1,000 floor is half the ₱2,000 floor SSS applies to the salary loan, which makes a small calamity loan renewal possible where a salary loan renewal would be blocked.
Unlike the salary loan, cancellation is allowed, on condition that the outstanding balance, including penalties if any, interest and principal as of the settlement date, is paid in full.
Calamity loan against salary loan
| Calamity loan | Salary loan | |
|---|---|---|
| Initial rate | 7% per annum | 8% per annum |
| Published EIR | 7.10% to 8.17% | Not published as a range |
| Loan amount | 1 month of the MSC average | 1 or 2 months of the MSC average |
| Contributions needed | 36 | 36 for one month, 72 for two |
| Location condition | Declared calamity area | None |
| Renewal proceeds floor | ₱1,000.00 | ₱2,000.00 |
| Cancellation | Allowed on full settlement | Not allowed |
| Circular | 2025-006 | 2025-004 |
On the same one-month amount, the 1-point gap is worth ₱109 in projected interest on ₱10,000 and ₱382 on ₱35,000 across the full 24 months. That is real but small. The reason to use this window is that it is open, not that it is cheap.
How to apply
A member files the loan application online through the SSS website by accessing their My.SSS account, or through the MySSS mobile application.
SSS also warns that it will recover and recall a disbursed calamity loan, under protocols set with the Bangko Sentral ng Pilipinas, BancNet and the Philippine Clearing House Corporation, in cases of error, duplication, unauthorised credit or analogous circumstances. Until an erroneously disbursed amount is returned and receipt confirmed, the member is temporarily disqualified from any SSS loan programme.
What this page does not cover
SSS does not publish, on the calamity loan page, the list of areas currently under a declared state of calamity, the filing deadline after a declaration, the processing time from filing to release, or the penalty condonation rules that decide whether you get 7% or 10%. None of those are stated here. The declaration itself comes from government, not from SSS. The full rules are in SSS Circular 2025-006.
Related
The SSS salary loan guide covers the loan that is open year round, and the SSS salary loan calculator will run a rate you enter against your own salary credit. The SSS retirement pension guide covers what happens to an unpaid short-term loan when a final benefit is claimed. Pag-IBIG runs its own calamity loan at 5.95% a year on a different basis, lending against savings rather than salary credit.
Frequently asked questions
- What is the SSS calamity loan interest rate?
- 7% per annum on the diminishing principal balance for an initial loan, or for a renewal where you have not availed of penalty condonation in the past 5 years. SSS publishes an annual effective interest rate of 7.10% to 8.17% for that case. It is 10% per annum, with an EIR of 9.88% to 11.46%, for a renewal where penalty condonation was availed within the past 5 years.
- How much can I borrow?
- One month's worth: the average of your 12 latest posted Monthly Salary Credits under the Regular SS Program, rounded to the next higher MSC, or the amount you applied for, whichever is lower. With the MSC ceiling at ₱35,000 that is the practical maximum.
- Who can apply?
- A member with at least 36 posted monthly contributions, 6 of them within the last 12 months before filing, who is a resident of a declared calamity area based on the home address in SSS records, or an employee of an employer located in a declared calamity area as of the time of the calamity event.
- What is deducted before I get the money?
- A 1% service fee, pro-rated interest from the granting date to the end of the month before your first amortisation month, and the outstanding balance of any previous calamity loan. SSS publishes a worked example: on a ₱20,000 loan granted 15 April 2025 with a first amortisation month of June 2025, the 46 days of pro-rated interest come to ₱176.44 at 7% or ₱252.05 at 10%.
- How long do I have to pay?
- 24 equal monthly amortisations, starting on the second month following the month the loan was approved. Each payment is due on or before the last day of the month after the applicable month.
- Can I have both a calamity loan and a salary loan?
- SSS requires that you have no past due calamity loan or salary loan, including under SLERP or EALP, and no outstanding Restructured Loan. It does not state on the calamity loan page that a current, up-to-date salary loan blocks a calamity loan application.
- When can I renew?
- Six months from the date of loan approval, provided the existing loan is not past due and the last 3 amortisations were paid on time. A fully paid loan can be renewed immediately if the last 3 were paid on time, otherwise 3 months after full payment. The new loan's proceeds must be at least ₱1,000.00 after charges and the prior balance, or ₱100.00 for kasambahay.
- Are the payment figures on this page official?
- The 7% and 10% rates, the EIR ranges, the 1% service fee, the 24-month term and the pro-rated interest worked example are official. The monthly payment and total interest columns are standard annuity arithmetic run on those rates by this site.
More SSS guides
Sources
- Social Security System | Calamity Loan Program, retrieved
- Social Security System | Salary Loan, retrieved
- Social Security System | SSS Contribution Table, retrieved