Planning to borrow ₱19,000 from your SSS Salary Loan this 2025? If you’re wondering “Magkano kaya hulog ko buwan-buwan?” or “Ilan ang bawas sa makukuha ko?” — don’t worry, this guide explains everything in simple and practical terms.
We’ll break down your exact monthly amortization, show how much you’ll actually receive after deductions, and give a real amortization table with 8% interest (as used by SSS).
This way, you’ll know what to expect before you even apply. 👍
🏦 What Is the SSS Salary Loan?
The SSS Salary Loan helps members borrow money easily based on their posted contributions. It’s ideal for short-term needs — like tuition, home repairs, or emergency funds — with affordable monthly payments.
📋 Key Features
Detail
Description
Loan Amount
₱19,000
Interest Rate
8% per annum on diminishing balance
Loan Term
24 months (2 years)
Service Charge
1% of the loan (₱190)
Pro-Rated Interest (44 days)
₱183
Net Proceeds
₱18,627
Monthly Amortization
₱800
Total Interest (Approx.)
₱1,270
👥 Who Can Apply for an SSS Salary Loan?
Before applying, make sure you meet the basic eligibility criteria:
Requirement
Description
Active Member
At least 36 posted contributions (for 1-month loan) or 72 (for 2-month loan).
Recent Contributions
6 posted within the last 12 months.
Employment Status
Actively employed, self-employed, or voluntary.
Loan Record
No unpaid or delinquent SSS loans.
Employer Compliance
Employer must be actively remitting SSS contributions.
✅ Tip: Always double-check your status in your My.SSS account before applying online.
💵 ₱19,000 Loan Breakdown
Here’s what happens after SSS approves your ₱19,000 loan:
Item
Description
Amount
Loan Amount
Approved principal
₱19,000
Service Charge (1%)
1% × ₱19,000
₱190
Pro-Rated Interest (44 days)
8% × (44 ÷ 365) × ₱19,000
₱183
Total Deductions
₱190 + ₱183
₱373
Net Proceeds
₱19,000 − ₱373
₱18,627
💡 You’ll receive ₱18,627 in your account once SSS releases your loan.
📆 When Do Payments Start?
If your loan is approved on March 17, 2025, your first payment will be due in May 2025. The 44-day pro-rated interest covers March 17 to April 30 — before regular amortizations begin.
Below is your 24-month amortization schedule, calculated at 8% annual interest, rounded to the nearest peso.
Month
Beginning Balance
Interest
Principal
Payment
Ending Balance
1
19,000
127
673
800
18,327
2
18,327
122
678
800
17,649
3
17,649
118
682
800
16,967
4
16,967
113
687
800
16,280
5
16,280
109
691
800
15,589
6
15,589
104
696
800
14,893
7
14,893
99
701
800
14,192
8
14,192
95
705
800
13,487
9
13,487
90
710
800
12,777
10
12,777
85
715
800
12,062
11
12,062
81
719
800
11,343
12
11,343
76
724
800
10,619
13
10,619
71
729
800
9,890
14
9,890
66
734
800
9,156
15
9,156
61
739
800
8,417
16
8,417
56
744
800
7,673
17
7,673
51
749
800
6,924
18
6,924
46
754
800
6,170
19
6,170
41
759
800
5,411
20
5,411
36
764
800
4,647
21
4,647
31
769
800
3,878
22
3,878
26
774
800
3,104
23
3,104
21
779
800
2,325
24
2,325
16
784
800
0
✅ Monthly Payment: ₱800 📈 Total Interest: ₱1,270 💰 Total Payable: ₱19,270
🧮 Pro-Rated Interest (44 Days)
Let’s compute how the ₱183 pro-rated interest is determined:
Step
Formula
Result
1
₱19,000 × 8% = ₱1,520/year
₱1,520
2
₱1,520 ÷ 365 = ₱4.16/day
₱4.16/day
3
₱4.16 × 44 days
₱183 (rounded)
✅ This ₱183 is deducted before your first amortization starts in May.
🗓️ Example Payment Timeline
Period
Description
March 17 – April 30, 2025
Pro-rated interest period
May 2025
First payment (₱800)
April 2027
Last (24th) payment
⚠️ Penalty for Late Payment
If you miss your payment, SSS adds a 1% penalty per month. Example: ₱800 × 1% = ₱8 penalty per month of delay.
Tip: Enroll your payment in automatic salary deduction to avoid penalties.
💨 Paying in Advance
Yes! You can pay in advance anytime with no penalty. Early settlement helps reduce interest and qualifies you faster for future loans.
🧾 TL;DR Summary
Item
Description
Amount
Loan Amount
₱19,000
Service Charge (1%)
₱190
Pro-Rated Interest (44 days)
₱183
Net Proceeds
₱18,627
Monthly Amortization
₱800
Total Interest (Approx.)
₱1,270
Total Payable
₱19,270
Term
24 months
Interest Rate
8% per annum
🧮 Try the SSS Salary Loan Calculator
You can double-check your figures using the official 👉 SSS Salary Loan Calculator It automatically computes your net proceeds, monthly amortization, and total interest.
💬 FAQs
1️⃣ How much will I receive for ₱19,000 loan? You’ll get around ₱18,627 after service charge and pro-rated interest deductions.
2️⃣ How much is the monthly payment? ₱800 per month for 24 months.
3️⃣ When will the first payment start? Usually two months after loan approval (e.g., March approval → May payment).
4️⃣ What happens if I miss a payment? A 1% penalty per month applies. Missed payments can affect your future loan eligibility.
5️⃣ Can I renew my SSS loan? Yes, after paying at least 50% of your current balance with no overdue payments.
💭 Final Thoughts
The ₱19,000 SSS Salary Loan is a practical option if you need a manageable loan with fixed payments and low interest. At only ₱800/month, it’s easy to budget — and SSS keeps everything transparent.
✅ Check your eligibility via your My.SSS account. ✅ Compute your loan with the SSS Salary Loan Calculator. ✅ Pay on time and stay qualified for future benefits.
Your salary loan can be a helpful safety net — just use it wisely and stay consistent with payments.
