If you’re planning to apply for an ₱12,000 SSS Salary Loan, you probably want to know — “Magkano ang makukuha ko, at magkano ang babayaran ko buwan-buwan?”
This post gives you a complete breakdown of your loan deductions, pro-rated interest, and a detailed 24-month amortization table (rounded to the nearest peso).
Let’s make your loan computation easy to understand — parang kausap mo lang ang isang kaibigan na marunong sa SSS!
🏦 What Is the SSS Salary Loan?
The SSS Salary Loan is a short-term financial benefit available to qualified members. It helps you cover emergency or personal expenses, repaid in small monthly installments with an 8% annual interest rate (on diminishing balance).
Each month, your interest goes down — meaning you pay less interest and more principal over time.
✅ Who Can Apply for a Salary Loan?
To qualify for the ₱12,000 SSS Salary Loan, you must:
Requirement
Details
Membership
Must be an active SSS member
Posted Contributions
At least 36 contributions for a 1-month loan, 72 for 2-month loan
Recent Contributions
6 contributions within the last 12 months
Loan Record
No existing unpaid or defaulted loan
Employment Status
Currently employed or self-employed with updated payments
Employer Status
Employer must be actively remitting SSS contributions
💡 Quick Loan Overview
Term
Details
Loan Amount
₱12,000
Interest Rate
8% per annum (diminishing balance)
Loan Term
24 months
Service Charge
1% of the approved loan
Pro-Rated Interest
44 days upfront interest (approval on 17th)
Late Payment Penalty
1% per month on overdue amortization
Start of Payment
2 months after approval
🧾 Step-by-Step Loan Computation
Let’s say your loan is approved on March 17, 2025.
Step 1: Compute Deductions
Deduction
Formula
Amount
Service Charge (1%)
₱12,000 × 1%
₱120
Pro-Rated Interest (44 days)
₱12,000 × 8% × (44 ÷ 365)
₱116
Total Deductions
₱120 + ₱116
₱236
Net Proceeds
₱12,000 − ₱236
₱11,764
✅ You’ll receive ₱11,764 after SSS deductions.
Step 2: Pro-Rated Interest Explained (44 Days)
Since your loan was approved mid-month (March 17), SSS will charge interest from March 17 to April 30 — that’s 44 days before your first payment begins in May.
Step
Computation
Result
Annual Interest
8% × ₱12,000 = ₱960/year
Daily Interest
₱960 ÷ 365 = ₱2.63/day
44 Days of Interest
₱2.63 × 44 = ₱116
So ₱116 will be deducted upfront as pro-rated interest before you even receive your loan proceeds.
Your loan is payable over 24 months with an 8% annual interest rate, resulting in a fixed monthly payment of ₱507.
Month
Beginning Balance
Interest
Principal
Payment
Ending Balance
1
12,000
80
427
507
11,573
2
11,573
77
430
507
11,143
3
11,143
74
433
507
10,710
4
10,710
71
436
507
10,274
5
10,274
69
438
507
9,836
6
9,836
66
441
507
9,395
7
9,395
63
444
507
8,951
8
8,951
60
447
507
8,504
9
8,504
57
450
507
8,054
10
8,054
54
453
507
7,601
11
7,601
51
456
507
7,145
12
7,145
48
459
507
6,686
13
6,686
45
462
507
6,224
14
6,224
42
465
507
5,759
15
5,759
38
469
507
5,290
16
5,290
35
472
507
4,818
17
4,818
32
475
507
4,343
18
4,343
29
478
507
3,865
19
3,865
26
481
507
3,384
20
3,384
23
484
507
2,900
21
2,900
19
488
507
2,412
22
2,412
16
491
507
1,921
23
1,921
13
494
507
1,427
24
1,427
10
497
507
0
✅ Monthly Payment: ₱507 📊 Total Interest Paid: ₱1,168 📈 Total Payable: ₱13,168
🗓️ Sample Payment Timeline
Period
Description
March 17–April 30, 2025
Pro-rated interest period (₱116 upfront)
May 2025
First payment ₱507
April 2027
Final payment ₱507
💳 Where and How to Pay Your Loan
You can pay your monthly amortization through:
Automatic salary deduction (for employees)
SSS Branches
Bayad Center, GCash, Maya, or SM Bills Payment
Partner banks such as UnionBank and Security Bank
💡 Tip: Always verify your payment posting in your My.SSS account to ensure your employer remits on time.
💨 Early or Full Payment? Go Ahead!
You can pay your SSS Salary Loan anytime — even early! There are no pre-termination penalties, and you’ll save money on interest if you settle ahead of schedule.
⚠️ Late Payment Penalty
If you miss a monthly payment, SSS charges a 1% penalty per month based on your amortization amount. For example: ₱507 × 1% = ₱5.07 penalty per month.
So if you miss three months, that’s ₱15.21 in penalties — plus delayed posting on your SSS record.
Just input your desired amount, and the calculator automatically shows your monthly amortization, total interest, and net proceeds.
💬 Frequently Asked Questions (FAQs)
1️⃣ How much will I actually receive for a ₱12,000 loan? You’ll receive around ₱11,764 after service charge and pro-rated interest deductions.
2️⃣ How much is the monthly payment for ₱12,000? Your monthly amortization is ₱507 for 24 months.
3️⃣ When does repayment start? Your first payment starts two months after approval. Example: Approved in March → first payment in May.
4️⃣ What if my employer doesn’t remit my payment on time? Late remittance can reflect as unpaid. Always monitor your My.SSS account to ensure your payments are properly posted.
5️⃣ Can I reapply for another loan before finishing this one? You can renew your SSS Salary Loan once you’ve paid at least 50% of the principal and all interest.
💭 Final Thoughts
Your ₱12,000 SSS Salary Loan offers flexible terms and low interest — perfect for short-term financial needs. By understanding how amortization works, you can plan your budget and avoid penalties.
Remember: ✅ Check your SSS eligibility ✅ Monitor your loan statement regularly ✅ Use the SSS Salary Loan Calculator to plan wisely
Pay on time, manage your loan smartly, and your next SSS benefit will always be smooth sailing. 🚀
