00:00Members of the Social Security System Insurance Fund, or SSS, who are in financial straits at the moment,
00:07should seize the opportunity of emergency loans offered by the SSS at an APR, or annual percentage rate, of 7%.
00:16This as the President enjoined SSS members to exploit this deal, given the country's state of calamity status,
00:23as our Clazel Pardelia expounds in this report.
00:26Crushed by mounting bills and a sibling's college tuition, maintenance worker Melvick was left with no choice but to borrow money.
00:37Melvick sat deeper into debt after he was charged three times the amount he borrowed.
00:56Deposit, and then, hindi ko po alam na three times pala ang babayaran ko sa inutang ko.
01:06So, 6K, magkano'ng binayaran mo lahat?
01:09Nasa 18K po lahat.
01:11After two years, nabayaran ko, sabi ko, hindi na ako ulit.
01:13To help ease the burden of workers like Melvick.
01:17Good news from President Ferdinand R. Marcos Jr.
01:20Effective this December as the country remains under a state of national calamity.
01:25Members of the Social Security System, or SSS, may avail of an emergency loan.
01:31The interest rate, 7% per year.
01:35Meaning, for a P5,000 loan, only P350 in interest payable within 12 months.
01:42Bukod parehan, ay meron tinatawag na 6-month moratorium.
01:48Ibig sabihin, pagtanggap ninyo ng loan galing sa SSS, sa 6 na buwan, sa unang 6 na buwan, hindi kayo kailangan magbayad.
01:57Mabaganda po ito, kasi imbis na pupunta po kayo sa P5,6 at mapasubo sa malalim na utang,
02:04meron na kayo magagamit at ang babayaran lang ay 7% laman.
02:11Kaya sana ito yung makatulog po sa inyo lahat.
02:15Qualified SSS members may submit applications through the agency's website or via the SSS mobile application.
02:23According to President Marcos, coordination continues with the SSS to ensure continuous safe and fair benefits and loan assistance
02:31for members of the government's social insurance program.
02:35Kalei Zalpardilia for the new and better Philippines.
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