Can I Get a Calamity Loan and Salary Loan at the Same Time from SSS?
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Can I Get a Calamity Loan and Salary Loan at the Same Time from SSS?
If you’re a member of the Social Security System (SSS) and facing two separate needs — one from an emergency/disaster (calamity) and another from your regular salary-loan eligibility — you might wonder: “Pwede ba akong kumuha ng Calamity Loan habang may Salary Loan pa ako?”
This post will clarify how both loans work, whether you can apply for them simultaneously, and what you should check to avoid surprises.
What Are the Two Loans?
SSS Salary Loan
A Salary Loan is a short-term loan available to SSS members for regular financial needs — tuition, bills, repairs, etc.
Interest rate: 8% per year (diminishing balance)
Term: 24 months for the 2-year option (or 12 months in some cases)
Loan basis: Your Average Monthly Salary Credit (AMSC)
Maximum: Up to ₱50,000 (depending on your AMSC)
Important: Your contributions must be posted and up to date.
SSS Calamity Loan
The Calamity Loan (also called Calamity Loan Assistance Program) is for members whose residence or place of work falls under a declared disaster area.
Purpose: Recovery from typhoon, flood, earthquake damage
Term: Typically 24 months
Qualification: Must be in a declared calamity-affected area
Can I Apply for Both at the Same Time?
âś… The short answer
Yes — you can have a Salary Loan and still apply for a Calamity Loan provided certain conditions are met.
🧾 The conditions:
Your existing Salary Loan must not be delinquent (i.e., it is current, no missed payments).
You must meet the usual eligibility for the Calamity Loan (live/work in declared area, etc.).
SSS will check your outstanding loan obligations to ensure you can still handle another loan.
Having a Salary Loan does not automatically disqualify you, but having an overdue loan will.
Why Having a Salary Loan Does Not Automatically Block Your Calamity Loan
Because both loans serve different purposes — one for general needs, the other for calamity relief.
SSS allows overlapping loans if you are still eligible and in good standing.
What SSS cares about is your loan status — if your account is up to date and you meet contributions, you’re still eligible for a new loan category.
What to Check Before You Apply
1. Check your Salary Loan repayment status
Log in to My.SSS and confirm you have no missed payments and your loan is properly posted.
2. Make sure you qualify for Calamity Loan
Your area must be officially declared a disaster zone.
Your employment or membership contributions are updated.
3. Understand how the loans will affect your monthly cash-flow
If you already have a Salary Loan payment deduction, adding another loan will mean another monthly amortization. Use the SSS Salary Loan Calculator to estimate your payments and ensure you can afford both.
4. Know the timing of payments
Salary Loan deductions begin typically the month after approval. Calamity Loan payment schedules may differ. Make sure you know when payments start so you’re prepared.
Example Scenario
Say you have a Salary Loan of ₱30,000 approved and you’re paying your monthly amortization on time. Then a typhoon hits your area and your residence is declared a calamity zone. You apply for a Calamity Loan.
Because your Salary Loan is current, you’re likely eligible for the Calamity Loan too. SSS will review your contribution history, existing loan balance, and repayment status.
If approved, you’ll now have two loan amortizations being deducted each month — so you need to ensure your cash flow can cover both.
What Happens If Your Salary Loan Is Overdue?
If you are already behind on your Salary Loan payments, here’s what happens:
SSS may deny your Calamity Loan application until you make your Salary Loan current.
You may be required to settle past dues or show improvement in your payment status.
Overdue loans carry penalties: 1% per month on the amortization amount.
Quick Summary (TL;DR)
Yes, you can apply for a Calamity Loan while you already have a Salary Loan — as long as your Salary Loan is up to date, you meet the contribution and area-eligibility rules, and you can handle the additional payment burden.
FAQs
Q1: Can I apply for a Calamity Loan while I’m still paying my Salary Loan? A: Yes, if your Salary Loan payments are current and you meet the Calamity Loan eligibility requirements.
Q2: Does having a Salary Loan reduce the amount I can borrow under the Calamity Loan? A: Not directly — but your existing obligations will be considered, so it may affect your practical borrowing capacity.
Q3: What happens if my Salary Loan is delinquent? A: If it’s overdue, you may not qualify for the Calamity Loan until the Salary Loan is made current or settled.
Q4: Will SSS deduct both loans at the same time? A: Yes — you may have multiple deductions if you borrow more than one type of loan. Ensure your budget can handle both.
Q5: Where can I estimate how much my monthly payment will be? A: Use the SSS Salary Loan Calculator to estimate the payment for your Salary Loan. While it’s geared for Salary Loans, it helps you understand your debt capacity before applying for a second loan.
