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Recto OKs Lower Rates, Faster SSS Calamity Loans
The Philippine Star
|July 27, 2025
Finance Secretary Ralph Recto has approved lower interest rates and a faster release process for the Social Security System (SSS)'s calamity loan program to provide quicker relief assistance to Filipinos affected by disasters.
In a statement on Wednesday, the SSS said it would issue revised guidelines on its program, which includes a reduced interest rate of seven percent from the previous 10 percent.
The lowered interest rate applies to SSS members with a strong credit history or those who have not received any penalty condonation within the last five years, ensuring the benefit is given to financially responsible and compliant applicants.
Dit verhaal komt uit de July 27, 2025-editie van The Philippine Star.
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