Republic of the Philippines

SOCIAL SECURITY SYSTEM

DISCLOSURE STATEMENT
MEL-01519(04-2021) ON LOAN/CREDIT TRANSACTION
CALAMITY LOAN
(As Required under R.A 3765 Truth in Lending Act)

SS Number: 34-2543082-5
Name of Borrower: WILMAR VICERA FELIZARDO
Member Address: 20 BATASAN ST. BATASAN HILLS QUEZON CITY , 1126
ER ID Number: N/A
ER Name: N/A
ER Address: N/A

CALAMITY LOAN DETAILS

1. LOAN AMOUNT P18,000.00
2. OTHER CHARGE(S)/DEDUCTION(S) P318.08
a. Service Fee (1% of loan amount) P180.00
b. Advance Interest P138.08
c. Balance of previous loan as of 11/21/2025 08:43:15, if any P0.00
3. NET PROCEEDS OF LOAN(item 1 less item 2) P17,681.92
4. SCHEDULE OF PAYMENTS

Applicable Month Due Date Amount Outstanding

Principal
Amortization Interest Principal Balance
P 18,000.00
1 Jan-26 28-Feb-26 P 805.91 P 105.00 P 700.91 P 17,299.09
2 Feb-26 31-Mar-26 P 805.91 P 100.91 P 705.00 P 16,594.09
3 Mar-26 30-Apr-26 P 805.91 P 96.80 P 709.11 P 15,884.98
4 Apr-26 31-May-26 P 805.91 P 92.66 P 713.25 P 15,171.73
5 May-26 30-Jun-26 P 805.91 P 88.50 P 717.41 P 14,454.32
6 Jun-26 31-Jul-26 P 805.91 P 84.32 P 721.59 P 13,732.73
7 Jul-26 31-Aug-26 P 805.91 P 80.11 P 725.80 P 13,006.93
8 Aug-26 30-Sep-26 P 805.91 P 75.87 P 730.04 P 12,276.89
9 Sep-26 31-Oct-26 P 805.91 P 71.62 P 734.29 P 11,542.60
10 Oct-26 30-Nov-26 P 805.91 P 67.33 P 738.58 P 10,804.02
11 Nov-26 31-Dec-26 P 805.91 P 63.02 P 742.89 P 10,061.13
12 Dec-26 31-Jan-27 P 805.91 P 58.69 P 747.22 P 9,313.91
13 Jan-27 28-Feb-27 P 805.91 P 54.33 P 751.58 P 8,562.33
14 Feb-27 31-Mar-27 P 805.91 P 49.95 P 755.96 P 7,806.37
15 Mar-27 30-Apr-27 P 805.91 P 45.54 P 760.37 P 7,046.00
16 Apr-27 31-May-27 P 805.91 P 41.10 P 764.81 P 6,281.19
17 May-27 30-Jun-27 P 805.91 P 36.64 P 769.27 P 5,511.92
18 Jun-27 31-Jul-27 P 805.91 P 32.15 P 773.76 P 4,738.16
19 Jul-27 31-Aug-27 P 805.91 P 27.64 P 778.27 P 3,959.89
20 Aug-27 30-Sep-27 P 805.91 P 23.10 P 782.81 P 3,177.08
21 Sep-27 31-Oct-27 P 805.91 P 18.53 P 787.38 P 2,389.70
22 Oct-27 30-Nov-27 P 805.91 P 13.94 P 791.97 P 1,597.73
23 Nov-27 31-Dec-27 P 805.91 P 9.32 P 796.59 P 801.14
24 Dec-27 31-Jan-28 P 805.91 P 4.77 P 801.14 P .00
Total P 19,341.84 P 1,341.84 P 18,000.00
5. EFFECTIVE INTEREST RATE 7.79% per annum
6. CONDITIONAL CHARGES MAYBE IMPOSED
a. Nominal Interest Rate
1. within the loan term 7% per annum
2. after the loan term if Calamity Loan remains unpaid 10.00% per annum
b. Penalty of 1% per month computed and charged for every day of delay
This is a system-generated Disclosure Statement on Loan/Credit Transaction and does not require a signature from SSS.
 TERMS AND CONDITIONS FOR CALAMITY LOAN ASSISTANCE
PROGRAM (CLAP)
(SSC Res. No. 178-s.2025 dated 03 April 2025 & SSC Res. No. 373-s.2025 dated 28 July 2025

A. COVERAGE
This Guidelines shall cover all employed members, including kasambahay/household employees, self-
employed (SE) members, voluntary members (VM), including non-working spouse (NWS), and land-based
Overseas Filipino Workers (OFW-LB) members who are residing/ living/ working in areas declared under State
of Calamity (SOC) at the time of CLP application, due to any of, but not limited to, the following natural
disasters:
1. Typhoon 5. Volcanic Eruption
2. Storm Surge 6. Earthquake
3. Hurricane 7. Tsunami
4. Tornado 8. El Niño and La Niña
Phenomena

B. AVAILMENT PERIOD
The availment period of the CLP shall be up to thirty (30) calendar days from the date of announcement of the
availability of CLP in a newspaper of wide circulation.

C. ELIGIBILITY REQUIREMENTS
1. To qualify for the SSS Calamity Loan Program, the following conditions must be satisfied:
a. Number of posted contributions
a.1. The member must have at least thirty-six (36) monthly contributions, six (6) of which should be
posted within the last twelve (12) months prior to the month of filing of application.
a.2. In addition, Self-Employed, Voluntary (including Non-Working Spouse), or Overseas Filipino
Worker (OFW) member who is land-based must have at least six (6) posted monthly
contributions under his/her current coverage/membership type prior to the month of loan
application.
b. The employer of the employed member must be updated in the payment of contributions and loan
remittances.
c. The member must:
c.1. Either reside in an area officially declared under State of Calamity, as reflected in the registered
Home Address in the SSS records, or be employed by a company located in a declared calamity
area at the time of the calamity event;
c.2. Have not been granted any final benefit (e.g., permanent total disability, retirement), provided
that if a final benefit has previously been granted, the same has already been canceled prior to
the loan application due to re-employment, resumption of self-employment, or recovery from
total disability;
c.3. Be of legal age and under sixty-five (65) years of age at the time of application for loan;
c.4. Have no past due Calamity and Salary Loan including Salary Loan Early Renewal Program
(SLERP), Educational Assistance Loan Program (EALP) or other short-term or long-term
member loans as may be determined by the SSS;
c.5. Have no outstanding Restructured Loan;
c.6. Have not been disqualified due to fraud committed against the SSS;
c.7. Have an updated contact information in the SSS database; and
c.8. Have an active disbursement account enrolled through the Disbursement Account Enrollment
Module (DAEM) in the [Link] Portal.

D. UPDATING OF MEMBER’S HOME ADDRESS DURING CLP AVAILMENT PERIOD

The member’s home or work address as of the date of calamity shall serve as the basis for determining
eligibility for the Calamity Loan Program (CLP). Any address changes made after the calamity date shall not be
considered for the qualification of eligibility, except in cases where the change is properly justified and verified
as a correction to the original record. In such cases, a Calamity Loan Reference Number (CLRN) shall be
issued by designated branches to allow the member’s corrected address to be considered in determining
eligibility of the program.

E. FILING OF SALARY LOAN APPLICATION

 A member shall file the loan application online through the SSS Website by accessing their [Link] account or
through the MySSS mobile application.

F. CALAMITY LOAN AMOUNT

1. The loan amount is equivalent to the average of the member’s twelve (12) latest posted Monthly
Salary credits (MSCs), under the Regular Social Security (SS) Program, rounded to the next higher MSC,
or amount applied for, whichever is lower.
Sample Illustration

2. The net amount of the loan shall be the approved loan amount less applicable service fee, pro-rated
interest, and outstanding balance of previous calamity loan, if any.

G. INTEREST, SERVICE FEE, AND PENALTY

1. Interest Rates:

Type of Calamity Loan Application Interest Rate

a. Initital Seven percent (7%) interest per annum based on
b. Loan renewal without availment of penalty diminishing principal balance. Annual Effective
condonation for the past five (5) years Interest Rate (EIR) shall range from 7.10% to
8.17% depending on the number of days where
pro-rated interest has been applied.
c. Loan renewal with previous availment Ten percent (10%) interest per annum based on
of penalty condonation within the past five diminishing principal balance. Annual Effective
(5) years. Interest Rate (EIR) shall range from 9.88% to
11.46% depending on the number of days where
pro-rated interest has been applied.

2. Pro-rated interest from the date of Calamity Loan granting up to the end of the month prior to the first
amortization month shall be deducted in advance from the Calamity Loan proceeds.
Sample Illustration:
Loan date: 15 April 2025
1st amortization month: June 2025
1st amortization due date: 31 July 2025
Loan Amount: Php 20,000.00
 Interest from 16 April to 31 May 2025
Interest Rate Sample Computation of Pro-rated Interest
7% interest per annum Php 20,000 x 7% x 46 days/365 = Php176.44
10% interest per annum Php 20,000 x 10% x 46 days/365 = Php252.05

The amount of Php 176.44 (7%) or Php 252.05 (10%), whichever interest rate is applicable, shall be
deducted from the loan proceeds.
3. A service fee of 1% of the loan amount shall be charged and deducted from the proceeds of the Calamity
Loan.
4. Calamity Loan amortizations remitted after the due date shall bear a penalty of 1% per month computed
and charged for every day of delay.
5. If the Calamity Loan remains unpaid after the loan term, the applicable interest rate under Item G.1.c at
the time of loan approval and a 1% monthly penalty shall apply until fully paid.

H. CALAMITY LOAN REPAYMENT TERM AND SCHEDULE OF PAYMENT

1. The loan shall be payable within the approved term in twenty-four (24) equal monthly amortizations.
2. The loan amortization shall start on second month following the month of the approval of the loan.
3. Payment deadline shall be on or before the last day of the month following the applicable month.
Sample Illustration:
Applicable Month Payment Deadline
March 2025 30 April 2025
April 2025 31 May 2025
May 2025 30 June 2025
4. In case the payment deadline falls on a Saturday, Sunday, or Holiday, payment may be made on the next
working day.
5. Payment shall be made using a Payment Reference Number (PRN) at any SSS Branch Office with
tellering facility, or through any SSS-accredited collecting agent.

I. APPLICATION OF CALAMITY LOAN PAYMENTS

Any payment, including excess in the monthly amortization, if any, shall be applied in the following order of
priority:
a. Penalty
b. Interest
c. Principal
Likewise, overpayment on a previous loan shall be subject to validation of SSS, and if valid, shall be applied to
the active loan, if any, in accordance with the above order of priority. If there is no active loan, it shall be
refunded to the member upon their request.

J. DEFAULT
A loan shall be considered in default when the total unpaid obligation consisting of unpaid principal, interest,
and penalties is equivalent to more than six (6) monthly amortizations or it has remaining unpaid balance after
its loan term. The full balance of a defaulted loan shall become due and demandable and must be paid in full
without the need for demand or notice.

K. DEDUCTION OF UNPAID CALAMITY LOAN FROM THE APPLICABLE BENEFITS

If the loan remains wholly or partly unpaid upon its maturity, the SSS is authorized to collect, deduct, or
withhold its outstanding balance, inclusive of interest and penalties, from whatever benefit that may be due to
the member or their beneficiaries.

In the event that the member or their beneficiaries are filing the final benefit claim application (e.g., permanent
total disability, retirement, death), the outstanding balance of the loan, including interest and penalties, shall be
deducted from the final benefit proceeds.

L. RELEASE OF CALAMITY LOAN PROCEEDS

The loan proceeds shall be released through any of the following:
1. Active Unified Multi-Purpose Identification (UMID) – Automated Teller Machine (ATM) Card; or
2. Active single account in any Philippine Electronic Fund Transfer System and Operations Network
(PESONet) participating banks in the name of the member. Said bank account must be enrolled in the
DAEM of the member’s [Link] account.
M. CALAMITY LOAN RENEWAL
1. Renewal shall be allowed after six (6) months from date of loan approval provided that:
a. the existing loan is not past due; and
b. the last three (3) monthly amortizations were paid within due dates prior to the month of renewal
application.
The balance of the existing calamity loan shall be deducted from the proceeds of the new loan.
2. A fully paid loan may be renewed immediately provided that the last three (3) monthly amortizations were
paid within the scheduled due dates. If any of the last three (3) monthly amortizations were paid after the
due date, renewal shall be allowed after three (3) months from the date of full payment.
3. Proceeds of the new loan must be any amount greater than or equal to Php 1,000.00 after deducting the
appropriate charges and prior loan balance, except for kasambahay/household employees, whose loan
proceeds must be greater than or equal to one hundred pesos (Php 100.00).
4. These loan renewal policies shall likewise apply to the renewal of Calamity Loan granted prior to the
effectivity of these Terms and Conditions.

N. RESPONSIBILITIES OF THE MEMBER

1. An employed member shall:
a. Attest that the certifying employer is their current employer.
b. Authorize their employer to deduct from their payroll the Calamity Loan monthly amortization without
fail or delay until such loan is fully paid.
c. Allow their current employer to deduct the full balance of the Calamity Loan from whatever
compensation and benefit/s due to them in case of separation of employment from such employer.
2. An SE, VM (including NWS), or land-based OFW member shall pay the Calamity Loan monthly
amortization within due date, without fail or delay, at any SSS Branch Office with Tellering facility or SSS-
accredited collecting agent using a PRN.
3. All members (including employed individuals, household employees, self-employed, voluntary members,
and land-based OFWs) must comply with the following requirements:
a. Attest that their registered home address with the SSS is in an area declared under a state of
calamity, or that they are employed by a company/firm/household located in an area declared under
a state of calamity at the time the event occurred.
b. Attest that all payments posted to existing Calamity Loan, which will be deducted from the new
Calamity Loan, are complete. If there are any unposted or unacknowledged payments, a
reconciliation request must be submitted first through an SSS Branch or Foreign Office before
proceeding with the Calamity Loan Application. By proceeding with such the Calamity Loan
application without reconciling any pending payment/s, the SSS understands that the member has
acknowledged that the amount deducted from the new loan is accurate and final. Any unposted or
incoming payment/s for the previously renewed loan/s will be applied to the new Calamity Loan.
c. Update any change in their contact information by logging in to their [Link] account through the
SSS website or [Link] mobile app, or by submitting a properly filled out Member Data Change
Request Form (SSS Form E-4) to the nearest SSS Branch/Foreign Office.
d. Authorize the new employer to deduct from their salary the corresponding amortization due on their
existing Calamity Loan, including any interest or penalty for late remittance, if any, in case of
employment or re-employment.

O. RESPONSIBILITIES OF THE EMPLOYER (FOR EMPLOYED MEMBER)

The employer shall log in to their [Link] account and electronically certify the loan application of their
employee attesting that:
1. The member is presently employed by the employer or the company.
2. The net take home pay is sufficient to cover the deduction of the Calamity Loan monthly amortization.
3. The employer shall be responsible for the collection through payroll deduction and remittance to the SSS
of the amortization due on the employed member’s Calamity Loan..
4. [Link] case the employed member is separated voluntarily (e.g., retirement or resignation) or involuntarily
(e.g., termination of employment or cessation of operations of the business) from the company, the
employer shall deduct the total balance of the loan from any compensation or benefit/s due to the
employee and shall remit the same in full to SSS.
5. The employer shall report to the SSS through the Loan Collection List (LCL), not later than the last day of
the month immediately following the month of separation, the effective date of separation from the
company, and the unpaid loan balance of the employed member, if the compensation and benefit/s of the
employed member are insufficient to fully repay their loan.

P. OTHER CONDITIONS
1. Cancellation of the Calamity Loan may be allowed subject to the condition that the outstanding balance,
which includes penalties (if any), interest, and principal, as of the settlement, shall be paid in full.
2. The SSS shall recover and recall any disbursed Calamity Loans in accordance with protocols and
guidelines established by the Bangko Sentral ng Pilipinas (BSP) and relevant payment system operators
such as BancNet and the Philippine Clearing House Corporation (PCHC), due to any of the following:
a. Error
b. Duplication
c. Unauthorized credit
d. Other analogous circumstances
If the member has already withdrawn the erroneously disbursed amount, the procedures for its return —
including the designated contact details, the period within which the amount must be returned, and the
applicable payment instructions—shall be provided in an official notification issued by the SSS.

Until the amount is returned and its receipt by the SSS is confirmed, the member shall be temporarily
disqualified from availing of any SSS loan program.

Should the amount remain unreturned beyond the specified period, the total amount shall become due
and demandable, and the applicable interest rate and penalty prescribed under item G.5 of this
Guidelines shall apply. The total outstanding balance, including applicable interest and penalties, shall be
deducted from the member’s future SSS benefit claims, subject to existing policies and regulations.

DECLARATION AND AUTHORIZATION

A. I hereby declare that I have read and fully understood the Terms and Conditions of the SSS Calamity
Loan Program, and agree to be bound by them.

B. I hereby authorize [my current employer, as well as] any future employer, to deduct from my salary the
required SSS monthly loan amortizations, and to remit the same to the Social Security System (SSS). I
further authorize my employer, as well as any future employer, to deduct from my final pay/separation
package any unpaid loan obligations upon my separation or retirement from service and remit the same
to the SSS.

CONSENT AND DATA PRIVACY STATEMENT

A. In accordance with the provisions of Republic Act No. 10173, otherwise known as the Data Privacy Act
of 2012, I acknowledge that I have read and understood the SSS Privacy Policy. Further, I consent to
the collection, use, access, and processing of my personal and sensitive personal information by SSS to
process my application for salary loan including verification from the source of such information and for
the establishment, exercise, or defense of SSS' legal claim. Furthermore, I consent to the sharing of my
personal and loan information to the bank and its affiliates for the disbursement of said loan.

B. Pursuant to Republic Act No. 9510, or the Credit Information System Act, and its Implementing Rules
and Regulations (IRR), I acknowledge and give my consent to:

1. The regular submission and disclosure of my basic credit data and any updates thereto to the Credit
Information Corporation (CIC); and

2. The sharing of my basic credit data with lenders authorized by the CIC, as well as credit reporting
agencies and accredited outsourced entities, in accordance with applicable laws and regulations.

I understand and agree that this document may be executed electronically and/or by way of electronic
consent, and that such electronic agreement shall be deemed as binding and valid as a handwritten
signature. I agree that this document, when stored or reproduced in electronic format (e.g., PDF), shall serve
as the best evidence of my consent and shall have the same force and effect as an original signed document.

I have read and understand the above Declaration and Authorization, and Consent and Data Privacy
Statement, and I hereby agree to the Disclosure Statement, and Terms and Conditions of the Salary Loan.