Thinking about applying for a ₱26,000 SSS Salary Loan but not sure how much you’ll actually take home — or pay every month? 🤔
You’re not alone! Many SSS members want to see a clear breakdown — from the service charge to the last amortization payment.
So in this easy guide, we’ll walk you through: ✅ How much net cash you’ll receive, ✅ The exact monthly amortization (rounded in pesos), and ✅ A full 24-month amortization schedule for your ₱26,000 loan.
Let’s make your SSS loan journey simple, transparent, and budget-friendly. 💙
🏦 What Is an SSS Salary Loan?
The SSS Salary Loan is a short-term cash benefit for qualified members of the Social Security System.
It’s payable in 24 months, with 8% annual interest, deducted automatically from your salary (for employed members) or paid directly to SSS (for voluntary/self-employed).
It’s ideal for emergencies, education, or small business needs — with lower interest compared to personal loans from banks.
🧾 Loan Snapshot
Detail
Description
Loan Amount
₱26,000
Interest Rate
8% per annum (diminishing balance)
Loan Term
24 months
Service Charge
1% (₱260)
Pro-Rated Interest (44 days)
₱251
Net Proceeds
₱25,489
Monthly Amortization
₱1,094
Total Interest (Approx.)
₱2,066
👥 Who Can Apply for an SSS Salary Loan?
Requirement
Description
Active Member
Must be currently contributing to SSS.
Contribution Requirement
36 contributions (for 1-year loan) or 72 (for 2-year loan).
Recent Payments
At least 6 contributions within the last 12 months.
Loan Record
No unpaid or delinquent loans.
Employer Status
Employer must be active and updated in SSS.
💡 Tip: Before applying, check your contributions and loan status in your My.SSS account or SSS Mobile App.
💰 ₱26,000 Loan Computation
Item
Formula
Amount
Loan Amount
—
₱26,000
Service Charge (1%)
₱26,000 × 1%
₱260
Pro-Rated Interest (44 days)
₱26,000 × 8% × 44 ÷ 365
₱251
Total Deductions
₱260 + ₱251
₱511
Net Proceeds
₱26,000 − ₱511
₱25,489
So after deductions, you’ll receive ₱25,489 in your SSS-registered bank or UMID ATM account.
📅 Payment Schedule
If your loan is approved on March 17, 2025, the pro-rated interest covers March 17–April 30 (44 days). Your first payment starts May 2025, ending in April 2027 — a total of 24 months.
It automatically shows your net proceeds, monthly amortization, and total payable — perfect for planning your next loan.
💬 FAQs
1️⃣ How much will I receive for ₱26,000? You’ll get about ₱25,489, after deductions for service charge and pro-rated interest.
2️⃣ How much will I pay monthly? You’ll pay ₱1,094/month for 24 months.
3️⃣ Can I pay in advance? Yes — early or full payment is allowed without penalty.
4️⃣ What if I miss payments? SSS charges a 1% penalty per month on delayed amortizations.
5️⃣ When does repayment start? Usually two months after approval (so if approved in March, you start paying in May).
💭 Final Thoughts
A ₱26,000 SSS Salary Loan is a great way to manage short-term needs without high interest. At only ₱1,094 per month, it’s affordable and easy to budget.
Just remember: ✔ Keep your contributions updated ✔ Pay on time ✔ Check your figures with the SSS Salary Loan Calculator
That’s how you stay financially confident and SSS-ready!
