State-run Social Security System (SSS) will issue the revised Calamity Loan Program (CLP) guidelines to help members in areas declared under state of calamity (SOC), especially areas recently affected by Severe Tropical Storm Crising and enhanced southwest monsoon (habagat).

SSS said the revised guidelines include the lower interest rate of 7 percent from the previous 10 percent.

This reduced interest rate is for members with good credit records or applicants who did not avail of penalty condonation for the past five years.

“Following through on the announcement of His Excellency President Ferdinand R. Marcos Jr. last May 1, 2025 on the reduction of interest rates for salary and calamity loans, we proposed and obtained approval of the Social Security Commission, headed by our Chairperson Finance Secretary Ralph G. Recto, to reduce interest rates for calamity loans to 7 percent per annum from the current rate of 10 percent," SSS President and CEO Robert Joseph de Claro said.

"This follows the reduction of interest rate for salary loans to 8 percent per annum from the previous 10 percent which was implemented last month.”

The revised guidelines have been liberalized to allow calamity loan renewal after six months provided that the existing CLP is not past due.

A streamlined activation process for immediate financial assistance or relief was also included in the new guidelines.
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