₱43,000 SSS Salary Loan Monthly Amortization (2025 Full Breakdown)
Planning to borrow ₱43,000 from SSS this year?
Here’s how much you’ll receive, how much you’ll pay monthly, and what to expect from the deductions — explained clearly and with accurate computations.
Many members get confused when their actual loan release is lower than their approved amount. That’s because SSS deducts a few charges upfront — mainly the 1% service charge and pro-rated interest (around 50 days) before the first amortization begins.
This article explains everything — from eligibility, interest, and amortization schedule — so you can see the full picture before applying.
🏦 What Is an SSS Salary Loan?
The SSS Salary Loan is a cash loan designed to help active members cover personal and emergency needs. It’s one of the most affordable short-term loans available in the Philippines.
Loan Options
Type
Maximum Loan
Term
1-Year Loan
1 month of AMSC (max ₱25,000)
12 months
2-Year Loan
2 months of AMSC (max ₱50,000)
24 months
Since ₱43,000 is above ₱25,000, it qualifies for a 2-year (24-month) term.
⚙️ Official 2025 SSS Salary Loan Computation Rules
Rule
Description
Interest Rate
8% per annum, based on diminishing balance
Service Charge
1% of the approved amount
Pro-Rated Interest
Interest for ~50 days before first payment
Loan Term
24 months
Late Payment Penalty
1% per month
Early Repayment
Allowed anytime without penalty
Amortization Start
2 months after loan approval
🧮 Step-by-Step ₱43,000 Loan Computation
Assume approval date: March 12, 2025 → Interest covers March 12–April 30 (50 days) before regular amortizations begin in May.
🧾 Step 1 – Deductions Before Release
Item
Computation
Amount (₱)
Approved Loan
—
43,000
Service Charge (1%)
43,000 × 1%
430
Pro-Rated Interest (50 days)
43,000 × 0.08 × 50 ÷ 365
472
Total Deductions
—
₱902
Net Proceeds (Take-Home)
43,000 − 902
₱42,098
✅ Cash you’ll actually receive: ₱42,098
🧾 Step 2 – Monthly Amortization (24 Months)
Interest Rate: 8% per year = 0.67% per month
Loan Term: 24 months
➡️ Monthly Amortization = ₱1,961 ➡️ Total Payment = ₱47,064 ➡️ Total Interest = ₱4,064
Her loan is automatically deducted from payroll — no hassle, no surprise fees.
🧾 TL;DR Summary
Item
Details
Loan Amount
₱43,000
Service Charge (1%)
₱430
Pro-Rated Interest (50 days)
₱472
Total Deductions
₱902
Net Take-Home
₱42,098
Monthly Amortization
₱1,961 × 24 months
Total Payment
₱47,064
Total Interest
₱4,064
Loan Term
24 months
Penalty (Late)
1% per month
Eligibility
72 contributions (6 recent)
❓ FAQs
1. How much will I receive for a ₱43,000 SSS loan? ₱42,098 after ₱902 deductions.
2. When will I start paying? Usually 2 months after approval (e.g., approved March → pay in May).
3. Can I pay the loan in full early? Yes! Early payment is allowed without penalty.
4. What happens if I miss a payment? You’ll incur a 1% monthly penalty, and SSS may deduct the balance from future benefits.
5. Can I renew my loan before finishing it? Yes, once you’ve paid at least 12 months (half of the term).
🌟 Final Thoughts
The ₱43,000 SSS Salary Loan is perfect if you need quick cash with affordable terms. After ₱902 in deductions, you’ll receive ₱42,098 and repay ₱1,961 monthly for 24 months — low interest, automatic deductions, and no hidden fees.
