ABS-CBN
Marcos: SSS emergency loan available starting this December
President Ferdinand Marcos Jr. announced that qualified Social Security System (SSS) members can now avail of an emergency loan with a 7 percent annual interest rate and a six-month moratorium, starting this December.
This initiative aims to provide financial assistance to members, especially in emergency situations, following the declaration of a State of National Calamity.
The President also stated his ongoing efforts to explore safer and fairer alternatives for microloans and emergency loans.
The State of National Calamity was declared in November due to the extensive damage caused by Typhoon Tino, allowing government agencies to access emergency funds and expedite the procurement of necessary goods and services for affected individuals.
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