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SSS members can make 'salary' or 'calamity' loans. Salary loans are calculated based on a member's particular monthly salary credit. Calamity loans are for instances when the government has declared a state of calamity in the area where an SSS member lives, following disasters such as flooding and earthquakes. [19]
Under the Philippine Disaster Risk Reduction and Management Act of 2010 (Republic Act 10121), a "state of calamity" is defined as "a condition involving mass casualty and/or major damages to property, disruption of means of livelihoods, roads and normal way of life of people in the affected areas as a result of the occurrence of natural or human-induced hazard".
The loan had a lower interest rate compared to the prevailing rate in the market and payable in longer terms. Pag-IBIG Fund offers a home loan at a low interest rate of 4.5% (for ₱450,000 loan) with a loan term of up to 30 years. A qualified member can get a maximum loan amount of up to ₱6 million.
At a glance: Personal loans vs. home equity loans. Typical features. Personal loan. Home equity loan. Rates. 8% to 36%. Varies based on the prime rate. Loan amounts. $2,000 to $50,000.
Drawbacks of consolidating debt with a loan. It requires a hard credit check. Most lenders require a hard pull on your credit, which can lower your credit score temporarily by about five points.
On March 16, the president signed Proclamation No. 929 declaring a state of calamity throughout the country for six months, bringing into effect the following: [5] price control of basic needs and commodities, granting interest-free loans, distribution of calamity funds, authorization of importation and receipt of donations, and
Idaho Potato Bowl - Fresno State vs. Northern Illinois Time/TV/location: 2:30 p.m. ET, ESPN, Boise, Idaho. Why watch: The second game on the Monday matinee also features a couple of teams with a ...
The Government Service Insurance System (Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a Filipino government-owned and controlled corporation (GOCC) in the Philippines aimed at government employees.