The Social Security System (SSS) will roll out emergency loans this December to help members meet urgent needs, according to President Ferdinand Marcos Jr.
The loan carries a low 7% interest rate and includes a six-month payment moratorium, allowing borrowers to delay amortization to ease their financial burden.
Marcos Jr. said the program aims to give Filipinos a safer alternative to predatory “5-6” lending.
The President added that he is coordinating with SSS to expand fair and accessible micro and emergency loan options, following the one-year state of national calamity declared last November due to widespread disasters.
“Kaya sana ito ay makatulong po sa inyong lahat,” he said.IMT
