Thinking about getting a ₱13,000 SSS Salary Loan? Good choice! 💡 Whether it’s for home repairs, school expenses, or a short financial boost, knowing exactly how much you’ll get and pay every month helps you plan smart.
This guide walks you through the real numbers — including deductions, pro-rated interest, and the full 24-month amortization table, all explained in simple and friendly language.
🏦 What Is an SSS Salary Loan?
The SSS Salary Loan is a short-term cash loan for employed, self-employed, or voluntary members of the Social Security System (SSS).
It’s designed to provide affordable financial help with an 8% annual interest rate (based on diminishing balance), and easy repayment via monthly payroll deductions or direct payments through SSS-accredited channels.
✅ Who Can Apply for a Salary Loan?
Requirement
Details
SSS Member Status
Active member (employed, self-employed, or voluntary)
Contributions
36 for a 1-month loan, 72 for a 2-month loan
Recent Contributions
At least 6 within the last 12 months
Employer Compliance
Employer must be actively remitting SSS payments
Loan Record
No unpaid or defaulted SSS loan
Eligibility
Must not have reached retirement, disability, or death benefit claim
💡 Quick Loan Snapshot
Item
Details
Loan Amount
₱13,000
Loan Term
24 months
Interest Rate
8% per annum (diminishing balance)
Service Charge
1% (₱130)
Pro-Rated Interest
44 days (₱126)
Monthly Payment
₱550
Total Payable
₱13,200 (approx.)
🧾 Step-by-Step Computation
Let’s assume your loan was approved on March 17, 2025.
Step 1: Deductions
Deduction
Formula
Amount
Service Charge (1%)
₱13,000 × 1%
₱130
Pro-Rated Interest (44 days)
₱13,000 × 8% × (44 ÷ 365)
₱126
Total Deductions
₱130 + ₱126
₱256
Net Proceeds
₱13,000 − ₱256
₱12,744
✅ You’ll receive ₱12,744 in your bank or via check (depending on your SSS preference).
📅 Step 2: Pro-Rated Interest Explained
When your loan is approved on March 17, SSS charges interest from that day up to April 30 — before your actual repayment begins in May.
That’s 44 days of pre-loan interest, computed as:
Step
Computation
Result
Annual Interest
₱13,000 × 8% = ₱1,040/year
Daily Interest
₱1,040 ÷ 365 = ₱2.85/day
44 Days of Interest
₱2.85 × 44 = ₱126
💡 This amount is deducted upfront, ensuring fairness since SSS only charges for actual days before your first due date.
Your fixed monthly payment is ₱550 for 24 months. This includes both principal + interest, with interest gradually decreasing each month.
Month
Beginning Balance
Interest
Principal
Payment
Ending Balance
1
13,000
87
463
550
12,537
2
12,537
84
466
550
12,071
3
12,071
81
469
550
11,602
4
11,602
77
473
550
11,129
5
11,129
74
476
550
10,653
6
10,653
71
479
550
10,174
7
10,174
68
482
550
9,692
8
9,692
65
485
550
9,207
9
9,207
61
489
550
8,718
10
8,718
58
492
550
8,226
11
8,226
55
495
550
7,731
12
7,731
52
498
550
7,233
13
7,233
48
502
550
6,731
14
6,731
45
505
550
6,226
15
6,226
42
508
550
5,718
16
5,718
38
512
550
5,206
17
5,206
35
515
550
4,691
18
4,691
31
519
550
4,172
19
4,172
28
522
550
3,650
20
3,650
24
526
550
3,124
21
3,124
21
529
550
2,595
22
2,595
17
533
550
2,062
23
2,062
14
536
550
1,526
24
1,526
10
540
550
0
✅ Monthly Payment: ₱550 📈 Total Interest Paid: ₱1,200 (approx.) 📊 Total Payable: ₱13,200
🗓️ Payment Timeline Example
Period
Description
March 17 – April 30, 2025
Pro-rated interest period (₱126 upfront)
May 2025
First monthly amortization
April 2027
Final payment (Month 24)
💳 How to Pay Your SSS Loan
You can pay through: ✅ Automatic payroll deduction (for employees) ✅ SSS Mobile App or My.SSS account ✅ Partner outlets — Bayad Center, SM Bills Payment, GCash, Maya ✅ Accredited banks like UnionBank and Security Bank
💡 Pro tip: Always check your My.SSS account to make sure payments are posted correctly. Missing postings can delay your next loan eligibility.
💨 Can I Pay Early?
Yes! 🎉 You can fully settle or pay in advance anytime without penalties. In fact, early repayment reduces your total interest — saving you money long term.
⚠️ What Happens If You Miss a Payment?
If you miss a due date, SSS charges a 1% monthly penalty based on your unpaid amortization. For example, ₱550 × 1% = ₱5.50 per month in penalty.
Keep your loan active and avoid lapses, since unpaid loans can affect future SSS benefits like maternity or calamity loans.
🧾 TL;DR Summary
Item
Details
Loan Amount
₱13,000
Service Charge (1%)
₱130
Pro-Rated Interest (44 days)
₱126
Net Proceeds
₱12,744
Monthly Amortization
₱550
Loan Term
24 months
Interest Rate
8% per annum
Total Interest Paid
₱1,200
Total Payable
₱13,200
🧮 Try It Yourself!
You can check your estimated amortization, deductions, and total payable anytime using the 👉 SSS Salary Loan Calculator
Just input your desired amount (₱13,000), and it’ll instantly compute your interest and monthly amortization.
💬 Frequently Asked Questions (FAQs)
1️⃣ How much will I actually receive from a ₱13,000 SSS Loan? You’ll receive around ₱12,744 after service charge and pro-rated interest deductions.
2️⃣ How much is the monthly amortization for ₱13,000? Your monthly payment is ₱550 for 24 months.
3️⃣ When does payment start? Usually, two months after loan approval. For example, if approved in March, your first payment is due in May.
4️⃣ Can I apply again before I finish paying? Yes — you can renew your SSS loan once you’ve paid at least 50% of the principal and all interest.
5️⃣ What happens if my employer doesn’t remit payments? Your account may appear unpaid. Always check your My.SSS account and report unremitted payments to SSS immediately.
💭 Final Thoughts
Your ₱13,000 SSS Salary Loan can give you a much-needed financial breather — with low interest, easy payment terms, and flexibility to pay early anytime.
