Dreaming of a quick cash boost through your SSS Salary Loan? If you’re eyeing a ₱27,000 loan, you’re probably wondering: 👉 How much will I really receive after deductions? 👉 How much will I pay every month?
Don’t worry — this guide breaks it all down clearly and in simple terms, so you know exactly what to expect. 💙
We’ll go over your net take-home, monthly amortization, interest computation, and even a sample amortization table for the full 24 months.
🏦 What Is an SSS Salary Loan?
The SSS Salary Loan is one of the most helpful benefits for active members of the Social Security System (SSS).
It gives short-term financial aid that you can pay back through easy monthly deductions — perfect for emergencies, home repairs, tuition, or any short-term need.
The best part? The interest rate is only 8% per year, much lower than typical personal loans from banks or lending apps.
🧾 Quick Loan Snapshot
Detail
Description
Loan Amount
₱27,000
Interest Rate
8% per annum (on diminishing balance)
Loan Term
24 months
Service Charge
1% (₱270)
Pro-Rated Interest (44 days)
₱261
Net Proceeds
₱26,469
Monthly Amortization
₱1,136
Total Interest (Approx.)
₱2,260
👥 Who Can Apply for an SSS Salary Loan?
Requirement
Description
Active Member
Must have an active SSS contribution.
Contribution Requirement
At least 36 months (1-year loan) or 72 months (2-year loan).
Recent Payments
6 contributions in the last 12 months.
Loan Record
Must not have an unpaid or delinquent loan.
Employer Status
Employer must be active and updated with SSS.
💡 Tip: Always check your contributions in your My.SSS account or the SSS Mobile App before applying.
💰 ₱27,000 Loan Computation
Item
Formula
Amount
Loan Amount
—
₱27,000
Service Charge (1%)
₱27,000 × 1%
₱270
Pro-Rated Interest (44 days)
₱27,000 × 8% × 44 ÷ 365
₱261
Total Deductions
₱270 + ₱261
₱531
Net Proceeds
₱27,000 − ₱531
₱26,469
📌 So if your loan is approved for ₱27,000, you’ll receive around ₱26,469 credited to your SSS bank or UMID-ATM account.
📅 Payment Schedule
If your loan is approved on March 17, 2025, the pro-rated interest covers March 17 to April 30 (44 days). Your first monthly payment will begin in May 2025, and your last payment in April 2027 — that’s 24 months total.
✅ Monthly Amortization: ₱1,136 📈 Total Interest: ₱2,260 💰 Total Payable: ₱29,260
🧮 Pro-Rated Interest Example (44 Days)
Step
Formula
Result
1
₱27,000 × 8% = ₱2,160/year
₱2,160
2
₱2,160 ÷ 365 = ₱5.92/day
₱5.92/day
3
₱5.92 × 44 days =
₱261
📌 This ₱261 is deducted upfront as your pre-interest charge covering March 17–April 30, before your first payment in May.
⚠️ Late Payment Penalty
If you miss a monthly payment, SSS charges 1% per month on the unpaid amortization. Example: ₱1,136 × 1% = ₱11.36 penalty per month of delay.
Avoid this by paying early or confirming that your employer remits deductions promptly.
💨 Early Payment Option
You can pay in advance or settle your loan early anytime — no penalties. Early repayment helps you save on interest and lets you apply sooner for a loan renewal.
It instantly shows your net proceeds, monthly amortization, and total payable amount — perfect for budgeting your future loan.
💬 FAQs
1️⃣ How much will I receive from a ₱27,000 SSS loan? You’ll get about ₱26,469, after service charge and pro-rated interest.
2️⃣ How much will I pay monthly? You’ll pay ₱1,136 per month for 24 months.
3️⃣ When does repayment start? Usually two months after loan approval (e.g., approved in March → first payment in May).
4️⃣ Can I pay early? Yes! You can pay anytime in advance with no penalty.
5️⃣ What happens if I miss a payment? A 1% monthly penalty applies to the unpaid amortization amount.
💭 Final Thoughts
Your ₱27,000 SSS Salary Loan can be a big help — with easy terms and transparent deductions. You get ₱26,469 in cash, pay only ₱1,136 monthly, and enjoy flexible repayment options.
Just remember: ✔ Keep your SSS contributions updated ✔ Pay on time ✔ Use the SSS Salary Loan Calculator to plan smartly
Because when you understand the numbers, you stay financially confident and SSS-ready!
