Ever wondered how much your monthly payment will be if you borrow ₱18,000 from the SSS Salary Loan?
Good news — you’re in the right place! Whether you’re using the loan for tuition, home repairs, or emergency funds, this guide breaks down exactly how much you’ll pay every month, how much you’ll actually receive after deductions, and what to expect during repayment.
The SSS Salary Loan remains one of the most affordable government loans available — with only 8% annual interest and 24 months to pay, it’s a safe and predictable way to handle short-term financial needs.
Let’s see what your ₱18,000 loan looks like in 2025. 💸
🏦 What Is the SSS Salary Loan?
The SSS Salary Loan is designed for members who need quick cash while still maintaining manageable monthly payments. It’s automatically deducted from your salary (for employed members) or paid directly through SSS branches or online channels (for self-employed/voluntary members).
🔍 Key Features
Detail
Description
Loan Amount
₱18,000
Interest Rate
8% per annum on diminishing balance
Loan Term
24 months (2 years)
Service Charge
1% of the loan (₱180)
Pro-Rated Interest (44 days)
₱176
Net Proceeds
₱17,644
Monthly Amortization
₱758
Total Interest (Approx.)
₱1,232
👥 Who Can Apply for an SSS Salary Loan?
To qualify, members must meet these conditions:
Requirement
Description
Active Membership
Must have at least 36 posted contributions (for 1-month loan) or 72 (for 2-month loan).
Updated Contributions
Must have 6 posted contributions within the last 12 months.
Employment Status
Must be actively employed or self-employed.
Loan Record
No unpaid or delinquent SSS loans.
Employer Compliance
Employer must be actively remitting contributions to SSS.
✅ Tip: Always check your My.SSS account before applying to confirm eligibility.
💵 ₱18,000 Salary Loan Breakdown
When your loan is approved, SSS automatically deducts a few fees upfront. Let’s see how it looks:
Item
Description
Amount
Loan Amount
Approved principal
₱18,000
Service Charge
1% × ₱18,000
₱180
Pro-Rated Interest (44 days)
8% × (44 ÷ 365) × ₱18,000
₱176
Total Deductions
₱180 + ₱176
₱356
Net Proceeds
₱18,000 − ₱356
₱17,644
💡 You’ll receive ₱17,644 once your loan is credited to your account.
📆 When Does Payment Begin?
If your loan was approved on March 17, 2025, your first amortization will start in May 2025. The 44-day pro-rated interest covers March 17 to April 30 — that’s why the first payment starts two months later.
This table shows the 24-month amortization schedule based on 8% annual interest, rounded to the nearest peso.
Month
Beginning Balance
Interest
Principal
Payment
Ending Balance
1
18,000
120
638
758
17,362
2
17,362
116
642
758
16,720
3
16,720
112
646
758
16,074
4
16,074
108
650
758
15,424
5
15,424
103
655
758
14,769
6
14,769
99
659
758
14,110
7
14,110
94
664
758
13,446
8
13,446
90
668
758
12,778
9
12,778
85
673
758
12,105
10
12,105
81
677
758
11,428
11
11,428
76
682
758
10,746
12
10,746
72
686
758
10,060
13
10,060
67
691
758
9,369
14
9,369
62
696
758
8,673
15
8,673
58
700
758
7,973
16
7,973
53
705
758
7,268
17
7,268
49
709
758
6,559
18
6,559
44
714
758
5,845
19
5,845
39
719
758
5,126
20
5,126
34
724
758
4,402
21
4,402
29
729
758
3,673
22
3,673
24
734
758
2,939
23
2,939
20
738
758
2,201
24
2,201
15
743
758
0
✅ Monthly Payment: ₱758 📈 Total Interest: ₱1,232 💰 Total Payable: ₱18,232
🧮 Pro-Rated Interest Example (44 Days)
Let’s compute the interest charged before your first payment:
Step
Formula
Result
1
₱18,000 × 8% = ₱1,440 per year
₱1,440
2
₱1,440 ÷ 365 = ₱3.95/day
₱3.95/day
3
₱3.95 × 44 days = ₱173.80
₱176 (rounded)
So ₱176 is deducted upfront as your pro-rated interest before monthly payments begin.
🗓️ Payment Schedule Example
Period
Description
March 17 – April 30, 2025
Pro-rated interest period
May 2025
First amortization
April 2027
Last (24th) amortization
⚠️ Late Payment Reminder
If you delay payment, SSS adds a 1% monthly penalty on the due amount. Example: ₱758 × 1% = ₱7.58 penalty for every month you miss.
Avoid penalties by paying on time or setting up automatic deductions.
💨 Can I Pay in Advance?
Yes! SSS allows early or full payment anytime — no penalty fees. Paying early helps reduce overall interest and improves your standing for future loan applications.
🧾 TL;DR Summary
Item
Description
Amount
Loan Amount
₱18,000
Service Charge (1%)
₱180
Pro-Rated Interest (44 days)
₱176
Net Proceeds
₱17,644
Monthly Amortization
₱758
Total Interest (Approx.)
₱1,232
Total Payable
₱18,232
Term
24 months
Interest Rate
8% per annum
🧮 Try It Yourself — SSS Salary Loan Calculator
You can double-check your numbers using the SSS Salary Loan Calculator. It automatically computes your amortization, total interest, and take-home pay.
💬 FAQs: ₱18,000 SSS Salary Loan
1️⃣ How much will I receive after deductions? You’ll receive around ₱17,644, after service charge and pro-rated interest.
2️⃣ How much will I pay monthly? Your monthly amortization is ₱758 for 24 months.
3️⃣ When does payment start? Your first payment begins two months after loan approval (e.g., March approval → May payment).
4️⃣ Can I renew my SSS Salary Loan? Yes. You can renew once you’ve paid at least 50% of your current loan and have no overdue balance.
5️⃣ What happens if I don’t pay? A 1% penalty per month applies to missed payments. Unpaid loans can also be deducted from future SSS benefits.
💭 Final Thoughts
Borrowing ₱18,000 from SSS gives you manageable payments of only ₱758 per month — and since SSS only charges 8% interest per year, it’s much cheaper than most personal loans.
It’s the kind of government loan that lets you breathe financially while staying disciplined.
✅ Check your eligibility through your My.SSS account ✅ Compute your loan using the SSS Salary Loan Calculator ✅ Pay on time to stay qualified for future SSS benefits
Smart borrowing today means better financial stability tomorrow.
