SSS Calamity Loan Amortization Calculator

Natural disasters often hit communities in the Philippines hard especially with typhoons becoming more disastrous over the years. For this, the SSS (Social Security System) offers short-term relief through its Calamity Loan Assistance Program (CLAP), designed to help members recover. Eligible SSS members can borrow up to Php. 20,000—based on their average monthly salary credit—and repay it over 24 months via equal monthly amortizations.

Until recently, the standard interest rate was 10% per annum, but as of mid‑2025, members with clean credit records (no penalty condonation in the past five years) qualify for a lower rate of 7% per annum. This makes the calamity loan more affordable and accessible in times of need.

The standard amortization formula for a fixed-rate loan is:

Where:

• P = principal (loan amount)

• i = monthly interest rate (annual rate ÷ 12)

• n = total number of payments (usually 24)

When plugged in properly, this shows the monthly amortization amount, total interest, and total amount due over time.

Why the Calamity Loan Matters

This loan offers immediate financial boost after disasters—covering essentials like food, shelter, healthcare, and repairs. The quick activation of the CLAP—within seven working days of a declared calamity—plus the six-month renewal option for loan holders in good standing, make it practical for real conditions.

Tool Benefits: How It Helps

Our online Calamity Loan Amortization Calculator is built for clarity and ease. Users fill in:

• Loan Amount

• Interest Rate (%) - defaulting to 7%

• Release Date - defaulting to the date today in dd/mm/YYYY

• First Payment Date - defaulting one month later

• End Date - defaulting 24 months from first payment

Once you hit “Calculate”, the tool shows:

• the chosen interest rate,

• the full amortization schedule,

• total principal,

• total interest,

• and total payment.

It adapts easily if the interest rate is 10% (for borrowers who don’t qualify for the lower rate). It helps users quickly test scenarios—seeing how rate changes or altering dates shifts monthly payments.

This tool is helpful for members planning to file a calamity loan. It gives clear insight into how much they’ll pay each month and over two years. It sharpens financial planning in emergency conditions.

A Note for Users

This calculator is for reference only. It models the SSS formula and schedule, but does not replace official loan terms or SSS statements. Final amounts and eligibility still depend on SSS review and approval.