If you’re planning to apply for a ₱30,000 SSS Salary Loan, this updated 2025 guide will help you understand exactly how much you’ll pay per month — including service charge, pro-rated interest, and your full amortization schedule.
We’ll break it down in a simple, no-stress way so you know what to expect from your loan proceeds to your final payment.
🏦 What Is an SSS Salary Loan?
The SSS Salary Loan is a short-term cash loan offered by the Social Security System (SSS) to its qualified members.
It’s designed to help with personal needs like bills, emergencies, tuition, or family expenses — repaid through affordable monthly deductions straight from your salary or via self-payment if you’re voluntary or self-employed.
With a fixed 8% annual interest rate and a maximum term of 24 months, it’s one of the most affordable and member-friendly loan options in the country.
👩💼 Who Can Apply for an SSS Salary Loan?
Category
Qualification
1-Year Loan
At least 36 posted contributions (6 within the last 12 months)
2-Year Loan
At least 72 posted contributions (6 within the last 12 months)
Employment Status
Currently employed, self-employed, or voluntary with updated contributions
Loan Record
No existing overdue SSS loan
Employer Compliance
Employer must be updated in SSS remittance
💡 Tip: If you’re employed, your company will handle your salary deduction automatically every month.
💰 Loan Deductions and Computation Breakdown
Let’s see how a ₱30,000 loan looks after SSS applies the standard charges.
Description
Computation
Amount
Approved Loan Amount
—
₱30,000
Service Charge (1%)
₱30,000 × 1%
₱300
Pro-rated Interest (44 days)
8% ÷ 365 × 44 × ₱30,000
₱290 (approx.)
Net Proceeds
₱30,000 − ₱300 − ₱290
₱29,410
📌 You’ll receive around ₱29,410 after SSS deducts the service charge and pre-interest. Your first amortization will start in the second month after loan approval — for example, if approved March 17, 2025, your first payment is due May 2025.
Here’s the complete amortization schedule for your ₱30,000 loan, using 8% annual interest (diminishing balance) and rounded to the nearest peso.
Month
Payment
Interest
Principal
Remaining Balance
1
₱1,698
₱200
₱1,498
₱28,502
2
₱1,698
₱190
₱1,508
₱26,994
3
₱1,698
₱180
₱1,518
₱25,476
4
₱1,698
₱170
₱1,528
₱23,948
5
₱1,698
₱160
₱1,538
₱22,410
6
₱1,698
₱150
₱1,548
₱20,862
7
₱1,698
₱139
₱1,559
₱19,303
8
₱1,698
₱129
₱1,569
₱17,734
9
₱1,698
₱118
₱1,580
₱16,154
10
₱1,698
₱107
₱1,591
₱14,563
11
₱1,698
₱97
₱1,601
₱12,962
12
₱1,698
₱86
₱1,612
₱11,350
13
₱1,698
₱76
₱1,622
₱9,728
14
₱1,698
₱65
₱1,633
₱8,095
15
₱1,698
₱54
₱1,644
₱6,451
16
₱1,698
₱43
₱1,655
₱4,796
17
₱1,698
₱32
₱1,666
₱3,130
18
₱1,698
₱21
₱1,677
₱1,453
19
₱1,698
₱10
₱1,688
₱0
💡 Monthly Amortization: ₱1,698 🕒 Loan Term: 24 months 💸 Total Payment: ₱40,752 🏦 Total Interest Paid: ~₱2,752
📊 Example: Pro-Rated Interest If Approved on March 17
If your ₱30,000 loan is approved on March 17, 2025, SSS charges 44 days of interest before your first payment.
Step-by-step calculation:
Days covered = 14 (March 17–31) + 30 (April) = 44 days
Annual Interest = 8% × ₱30,000 = ₱2,400/year
Daily Interest = ₱2,400 ÷ 365 = ₱6.58/day
Multiply by 44 days = ₱290
✅ ₱290 is deducted upfront to cover pre-amortization interest. Your first amortization begins May 2025 with interest calculated only on your remaining balance.
🧾 TL;DR Summary
Item
Amount
Loan Amount
₱30,000
Service Charge (1%)
₱300
Pro-rated Interest (44 days)
₱290
Net Loan Proceeds
₱29,410
Monthly Amortization
₱1,698
Loan Term
24 months
Annual Interest
8% diminishing
First Payment
2nd month after approval
💬 Frequently Asked Questions (FAQs)
1. How much is the maximum loanable amount? You can borrow up to two times your Monthly Salary Credit (MSC) or a maximum of ₱50,000 depending on your contributions.
2. Can I renew my SSS loan? Yes, as long as you’ve paid at least 50% of your loan and 12 months have passed since approval.
3. What happens if I miss a payment? A 1% monthly penalty applies to the unpaid amortization until you settle it.
4. Can I pay my loan earlier? Absolutely. You can pay in full anytime — no penalty for early repayment.
5. How do I check my balance or loan status? Just log in to your My.SSS account to view your remaining balance and next due date.
🧮 Try the SSS Salary Loan Calculator
Want to see your personalized computation? 👉 Visit the SSS Salary Loan Calculator to check how much you can borrow and how much you’ll pay monthly.
🏁 Final Thoughts
If you’re applying for a ₱30,000 SSS Salary Loan, expect a monthly payment of around ₱1,698 for 24 months.
It’s an affordable, flexible option that gives you instant cash support while keeping monthly payments light and manageable.
Just remember to keep your contributions updated and pay on time para walang aberya sa future SSS benefits mo!
