SSS Salary Loan Calculator

A one-month loan equals the average of your 12 latest posted monthly salary credits under the Regular SS program, rounded up to the next MSC bracket, or the amount you apply for, whichever is lower; you need at least 36 posted monthly contributions, 6 of them in the last 12 months. A two-month loan is twice that average and needs at least 72 contributions. Because the Regular SS MSC tops out at ₱20,000.00, the ceiling is ₱20,000.00 for a one-month and ₱40,000.00 for a two-month loan (SSS Circular 2025-004, IV.C). Net proceeds must be at least ₱2,000.00.

About ₱904.55 a month for 24 months at 8% interest per year on the diminishing balance — ₱21,709.20 in total, of which ₱1,709.20 is interest. A 1% service fee (₱200.00) and the pro-rated interest from the loan date to the end of the month before your first amortization month are deducted from the proceeds; SSS's own illustration for a ₱20,000 loan granted April 15, 2025 deducts ₱201.64 for 46 days at 8%, leaving ₱19,598.36.

8% per annum on the diminishing principal balance for initial loans and for renewals without a penalty condonation in the past five years; 10% per annum for renewals where you availed of a penalty condonation within the past five years (SSS Circular No. 2025-004, effective June 16, 2025, which replaced the flat 10% of the 2004 rules). A one-time service fee of 1% is deducted upfront, and pro-rated interest up to the end of the month before the first amortization month is deducted in advance. Late amortizations carry a 1% per month penalty; a loan still unpaid after the term earns 10% a year plus the penalty until settled.

A member of legal age and under 65 with at least 36 posted monthly contributions (72 for a two-month loan), 6 of them in the 12 months before the application month; self-employed, voluntary and land-based OFW members also need at least six posted contributions under their current membership type. You must have no past-due SSS loan (salary, SLERP, educational or other member loans), no final benefit granted, no disqualification for fraud, updated contact details and an active disbursement account enrolled in My.SSS; an employee's employer must be up to date in contributions and loan remittances.

Amortization starts on the second month after the month of approval and each month's payment is due on or before the last day of the following month — a loan approved in April is first amortized for June, due July 31. Payments run for 24 equal months and are applied to penalty first, then interest, then principal. Employed members pay through salary deduction remitted by the employer; other members pay through SSS payment channels or My.SSS. A loan is in default once the unpaid amount exceeds six amortizations or a balance remains after the term, and the whole balance becomes due; unpaid loans are deducted from future benefits.

Six months after the loan was approved, provided the loan is not past due and the last three amortizations were paid on time; the remaining balance is deducted from the new proceeds. A fully paid loan can be renewed immediately if the last three amortizations were on time, otherwise three months after full payment. The net proceeds of a renewal must be at least ₱2,000.00 (₱100 for kasambahay).

The loan stays with you, not the employer. Your employer reports your separation to SSS and remits the deductions made up to your last payroll; you then continue paying the monthly amortization yourself through My.SSS or an accredited payment channel to avoid the monthly penalty.

Kung ₱15,000.00 ang average MSC mo sa huling 12 buwan, hanggang ₱15,000.00 ang one-month loan (kung may 36+ hulog) at ₱30,000.00 ang two-month loan (72+ hulog). Ang buwanang bayad sa ₱15,000.00 ay ₱678.41 sa loob ng 24 buwan sa 8% kada taon; babawasin sa proceeds ang 1% service fee at ang pro-rated interest hanggang sa buwan bago ang unang hulog.