President Ferdinand "Bongbong" Marcos Jr. has unveiled a crucial financial assistance program for Filipino workers, announcing that the Social Security System (SSS) will begin offering emergency loans to its members starting this December 2025.
Immediate Financial Relief for Members
In a video message delivered on Thursday, December 18, 2025, the President framed the new SSS emergency loan program as a direct response to the country's needs under a declared state of national calamity. He explained that this status empowers government agencies like the SSS to roll out special assistance measures for affected sectors.
"Starting this December, the SSS will be able to provide what is called an emergency loan," President Marcos stated. He emphasized that the funds are intended for urgent personal needs, particularly during crises when household expenses surge. "You may use this loan for your needs, especially in emergencies—this is what you can avail of from the SSS," he added.
Favorable Loan Terms Announced
The government has designed the loan with borrower-friendly terms to ensure accessible relief. President Marcos detailed that the emergency loan carries a low interest rate of seven percent.
More significantly, it includes a six-month payment moratorium. "This means that upon receiving the loan from the SSS, you will not be required to pay amortization for the first six months to help ease your burden," the President clarified. This grace period is intended to provide immediate financial breathing room for members before regular repayments begin.
Rooted in National Calamity Declaration
This emergency intervention is made possible by Proclamation No. 1077, which President Marcos signed on November 6, 2025. The proclamation declared a one-year state of national calamity across the Philippines.
The declaration was a response to the widespread damage caused by recent natural disasters and serves as a preparatory measure for potential future crises. Under its authority, government agencies are mandated to expedite aid, control prices, and implement financial relief programs like the new SSS loan offering.
The launch of the SSS emergency loan program marks a significant step in the administration's effort to deliver tangible support to Filipinos navigating economic disruptions and the aftermath of calamities.
