A member loan balance refers to the remaining unpaid amount of an SSS loan, including interest, penalties, and principal. Members can view their outstanding loan balance through My.SSS.
Keeping track of loan balance is important because unpaid amounts accumulate interest and may reduce future loan proceeds or result in loan delinquency. Loan balances must be settled before loan renewal or before receiving long-term benefits such as retirement or disability.
Members should regularly monitor amortization schedules and verify that payments are posted correctly. Early detection of posting errors helps prevent excessive penalties.