Can You Apply for an SSS Salary Loan If You Have a Calamity Loan?
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Can You Apply for an SSS Salary Loan If You Have a Calamity Loan?
If you’re an SSS member who already has a Calamity Loan and now needs extra cash, you might be wondering: 👉 “Can I still apply for an SSS Salary Loan even if I haven’t finished paying my Calamity Loan?”
This is a very common question — especially after typhoons, floods, or other emergencies when financial needs pile up. Let’s explain this clearly so you’ll know your options before applying.
đź’ˇ Understanding the Two Types of SSS Loans
Before we answer the main question, let’s quickly review what these loans are:
🧾 SSS Salary Loan
The Salary Loan is a short-term loan that gives financial help to employed, self-employed, or voluntary members. It’s based on your Monthly Salary Credit (MSC) and can be paid in 12 or 24 months, depending on your contribution history.
Interest: 8% per year (diminishing balance)
Service charge: 1% of the approved loan
Loan term: Up to 24 months
Payment method: Automatically deducted by your employer or paid directly via SSS partner banks or GCash
If you want to see how much you can borrow or what your monthly payment would look like, try the đź”— SSS Salary Loan Calculator.
🌧️ SSS Calamity Loan
The Calamity Loan Assistance Program (CLAP) is available to members living in areas declared under a state of calamity by the government. It’s meant to help with recovery after disasters such as typhoons, floods, or earthquakes.
Loan amount: Up to one (1) monthly salary credit
Interest rate: 10% per year (may vary based on program updates)
Repayment period: 24 months with a 3-month grace period
Eligibility: Must reside in a calamity-declared area and have at least 36 posted contributions
⚖️ So, Can You Apply for a Salary Loan If You Have a Calamity Loan?
The short answer: YES, you can — but with conditions.
Here’s what you need to know:
✅ You can apply for a Salary Loan even if you have a Calamity Loan, as long as you’re up-to-date with payments.
SSS allows members to have both loans at the same time provided neither is in default.
❌ You cannot apply for a new loan (of any kind) if:
You have an overdue or unpaid balance on your existing SSS loan.
You are not updated with your monthly contributions.
⚙️ If you apply for a Salary Loan while paying your Calamity Loan, your total amortizations will run separately. This means you’ll have two active loans, each with its own payment schedule.
đź“‹ Requirements to Apply for an SSS Salary Loan (Even with a Calamity Loan)
Make sure you meet these conditions before applying:
You are an active SSS member.
You have no unpaid or delinquent loans with SSS.
You have at least:
36 posted contributions for a 1-year loan, or
72 posted contributions for a 2-year loan.
You’ve paid at least 6 contributions within the last 12 months before application.
You are currently employed, self-employed, or a voluntary member with updated records.
🧮 How to Compute Your Salary Loan Amount
Your loan amount depends on your average Monthly Salary Credit (MSC):
1-year loan: Equivalent to 1 month of MSC (max ₱25,000)
2-year loan: Equivalent to 2 months of MSC (max ₱50,000)
🧾 Example: If your average salary for the last 12 months is ₱20,000, you can borrow up to:
Having both a Calamity Loan and a Salary Loan is possible — but it comes with a responsibility to stay updated with payments. If you manage your budget well and pay on time, both loans can give you the breathing room you need in tough times.
Remember, SSS loans are designed to support members, not burden them — so use them wisely, and always stay informed.
