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SSS offers calamity loan for Tino-hit members in Cebu
The Social Security System (SSS) has opened its Calamity Loan Program for members in Cebu affected by Typhoon Tino, offering financial assistance.
The loan program is available from November 6 to December 5 for residents and workers in areas officially declared under a state of calamity.
SSS President and CEO Robert Joseph Montes de Claro emphasized the program's goal to provide immediate and accessible support to those impacted by the typhoon.
Eligible members can borrow up to P20,000 with a 7 percent annual interest rate, to be repaid within 24 months through online applications on the My.SSS portal.
Loan proceeds will be directly credited to the members' disbursement accounts upon approval.
As of November 4, 53 cities and towns in Cebu have been placed under a state of calamity, with the typhoon having affected 200,000 families and 700,000 individuals.
The typhoon has resulted in 71 deaths in Cebu.
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