Want to borrow ₱33,000 from SSS and need to know exactly how much you’ll get and how much you’ll pay monthly?
Kung member ka ng SSS, this guide walks you through the actual cash you’ll receive, the 1% service charge, the pro-rated interest SSS deducts before release, and the monthly amortization for a 2-year (24-month) loan — all shown step-by-step and with a full amortization table.
What is an SSS Salary Loan (short reminder)
The SSS Salary Loan is a short-term credit line for active SSS members that’s paid back via monthly salary deductions. SSS uses a diminishing principal interest method at 8% per year. For amounts like ₱33,000 you’ll generally use the 2-year (24 months) loan term (subject to eligibility).
Key rules used in these calculations (as requested)
Interest: 8% per annum (diminishing balance)
Service charge: 1% of approved loan, deducted at release
Pro-rated interest: Deducted at release to cover days from approval date to the end of the following month (computed using actual days ÷ 365)
Loan term for ₱33,000: 24 months (2 years)
Rounding: All PHP values are rounded to the nearest peso
Example assumption for pro-rated interest
To demonstrate the pro-rated interest deduction clearly, we use the same sample approval date used earlier: loan approved on March 12, 2025. SSS charges pro-rated interest for the remaining days of March plus the full month of April:
Days covered = 20 (Mar 12–31) + 30 (April) = 50 days
Net cash credited to borrower = ₱33,000 − ₱330 (service) − ₱362 (pro-rated) = ₱32,308
How monthly amortization was computed
We used the standard amortizing approach consistent with a diminishing-balance loan using monthly accruals at 8% p.a. (monthly rate = 0.08 ÷ 12). The calculated fixed monthly payment was rounded to the nearest peso (₱1,493). The amortization table below shows, month by month, the beginning balance, interest portion, principal portion, monthly payment and ending balance — all rounded to whole pesos.
Full 24-Month Amortization Table (₱33,000 approved)
Month
Beginning Balance
Interest
Principal
Monthly Payment
Ending Balance
1
₱33,000
₱220
₱1,273
₱1,493
₱31,727
2
₱31,727
₱212
₱1,281
₱1,493
₱30,446
3
₱30,446
₱203
₱1,290
₱1,493
₱29,156
4
₱29,156
₱194
₱1,299
₱1,493
₱27,857
5
₱27,857
₱186
₱1,307
₱1,493
₱26,550
6
₱26,550
₱177
₱1,316
₱1,493
₱25,234
7
₱25,234
₱168
₱1,325
₱1,493
₱23,909
8
₱23,909
₱159
₱1,334
₱1,493
₱22,575
9
₱22,575
₱150
₱1,343
₱1,493
₱21,232
10
₱21,232
₱142
₱1,351
₱1,493
₱19,881
11
₱19,881
₱133
₱1,360
₱1,493
₱18,521
12
₱18,521
₱123
₱1,370
₱1,493
₱17,151
13
₱17,151
₱114
₱1,379
₱1,493
₱15,772
14
₱15,772
₱105
₱1,388
₱1,493
₱14,384
15
₱14,384
₱96
₱1,397
₱1,493
₱12,987
16
₱12,987
₱87
₱1,406
₱1,493
₱11,581
17
₱11,581
₱77
₱1,416
₱1,493
₱10,165
18
₱10,165
₱68
₱1,425
₱1,493
₱8,740
19
₱8,740
₱58
₱1,435
₱1,493
₱7,305
20
₱7,305
₱49
₱1,444
₱1,493
₱5,861
21
₱5,861
₱39
₱1,454
₱1,493
₱4,407
22
₱4,407
₱29
₱1,464
₱1,493
₱2,943
23
₱2,943
₱20
₱1,473
₱1,493
₱1,470
24
₱1,470
₱10
₱1,470
₱1,480
₱0
Total paid = ₱35,819 (sum of monthly payments shown)
Total interest paid (sum of interest column) = ₱2,819
Note: last payment is adjusted to fully clear the remaining balance (shown as ₱1,480 in month 24).
Quick example story (real-life analogy)
Imagine Maya needs ₱33,000 for immediate expenses. SSS approves the loan on March 12. On release:
Service charge ₱330 and pro-rated interest ₱362 are taken first, so Maya receives ₱32,308 in her account.
Her salary will be automatically deducted ₱1,493 each month for 24 months starting the second month after approval.
Over two years she’ll have paid ₱35,819 total — meaning ₱2,819 of interest on top of the ₱33,000 principal.
Eligibility checklist (short)
Active SSS member
For 2-year loan: minimum 72 posted contributions, with 6 in the last 12 months
The pro-rated interest depends on the approval date. If you’re approved earlier or later in the month, that upfront amount changes because it’s based on actual days until the end of the next month.
The service charge (1%) is always computed on the approved amount and deducted at release.
Amortizations usually start on the second month after approval (i.e., if approved in March, payments start in May).
TL;DR (who should apply during maternity leave?)
If you’re a qualifying SSS member (72 contributions, 6 recent), you can apply for a ₱33,000 salary loan while on maternity leave as long as you meet the contribution and employer conditions.
Net cash received from ₱33,000 (example above): ₱32,308 (after 1% service + pro-rated interest).
Monthly payment: ₱1,493 for 24 months.
FAQs (concise answers)
1) How much will I actually receive from ₱33,000? You’ll get ₱32,308 with the example pro-rated days used (upfront deductions: ₱330 service + ₱362 pro-rated interest).
2) Can the pro-rated interest be different? Yes — it depends on your loan approval date. The earlier/later the approval, the fewer/more days covered.
3) Can I pay the loan early? Yes — SSS allows early full payment with no penalty.
4) What if I miss a payment? A 1% per month penalty applies on the unpaid amortization. Repeated default may cause SSS to withhold future benefits.
5) Can I use a calculator to confirm numbers? Yes — try the SSS Salary Loan Calculator to test amounts and terms: 👉 SSS Salary Loan Calculator
Final thoughts
A ₱33,000 SSS Salary Loan is an accessible short-term option if you qualify. The two key things to watch for before applying are (1) your posted contributions and (2) the approval date (which affects pro-rated interest and therefore your net take-home). If you want exact numbers for your exact approval date or a different term, plug your figures into the calculator above — or tell me the approval date you want used and I’ll recompute the table for you right away.
