Can I Apply for Both SSS Calamity Loan and SSS Salary Loan?
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Can I Apply for Both SSS Calamity Loan and SSS Salary Loan?
If you’re an SSS member going through tough times—whether it’s a financial pinch or a natural disaster—you might be wondering:
“Pwede bang sabay ang SSS Calamity Loan at Salary Loan?”
This is a very common question, especially during typhoon seasons or when personal expenses pile up. Knowing how these loans work, their eligibility requirements, and whether you can avail both at the same time is crucial to managing your finances wisely.
In this guide, we’ll break down the key differences between the SSS Salary Loan and SSS Calamity Loan, and explain if and how you can apply for both.
What’s the Difference Between SSS Salary Loan and SSS Calamity Loan?
Understanding each loan is important before deciding if you can apply for both.
Loan Type
Purpose
Eligibility
Repayment Term
Interest Rate
SSS Salary Loan
For short-term personal financial needs
Must be a currently employed/self-employed member with posted contributions
2 years max
10% per annum
SSS Calamity Loan
For members affected by natural disasters (e.g., typhoon, earthquake)
Must reside in an area officially declared under a State of Calamity
2 years
10% per annum
Can You Apply for Both?
âś… Yes, but not at the same time.
SSS does not allow simultaneous application for both the Salary Loan and the Calamity Loan. This is because both loans fall under the same Short-Term Member Loan Program. Here’s what that means:
If you currently have an existing SSS Salary Loan, you cannot apply for a Calamity Loan unless you’ve already paid it in full.
The same rule applies vice versa: If you have an active Calamity Loan, you need to pay it off first before being allowed to apply for a Salary Loan.
Important: Even if you are eligible for both loans individually, you must choose one loan at a time.
Real-World Scenario
Let’s say Anna, an active SSS member, recently took out a Salary Loan in May. In July, a typhoon hit her province, which was declared under a state of calamity. She now wants to apply for a Calamity Loan.
Unfortunately, Anna’s Salary Loan is still active. Under SSS rules, she must pay off her Salary Loan in full before being eligible for the Calamity Loan—even if she meets all other requirements.
This rule prevents members from over-borrowing and ensures better management of loan repayments.
What Should You Do If You Need Both?
Here’s a step-by-step guide if you expect to need both loan types:
Step 1: Assess Your Immediate Need
Urgent expenses not disaster-related? âžť Apply for Salary Loan
You were affected by a calamity? âžť Go for Calamity Loan
Step 2: Pay Off Your Existing Loan Early (Optional)
If you want to switch loan types, settle your current balance.
Contact SSS for loan balance inquiry and payment instructions.
Step 3: Use the SSS Salary Loan Calculator
Want to check how much you can borrow and your expected monthly amortization?
1. Can I apply for a Calamity Loan if I already have a Salary Loan?
No, you must pay off your Salary Loan first.
2. Can I apply for a Salary Loan after availing a Calamity Loan?
Yes, but only after the Calamity Loan is fully paid.
3. How can I check my loan balance?
You can check it via your My.SSS account or by visiting your nearest SSS branch.
4. Is the Salary Loan amount higher than the Calamity Loan?
Yes, the Salary Loan is generally higher, as it’s based on your monthly salary credit and contributions.
5. What happens if I try to apply for both loans?
Your application will be rejected for the second loan if one is still active.
Final Thoughts
The SSS Salary Loan and SSS Calamity Loan are both helpful tools during financial hardship—but it’s important to understand that you can’t use both at once. Prioritize your most urgent need, and remember to repay your current loan to open access to the next one.
