₱44,000 SSS Salary Loan Monthly Amortization

₱44,000 SSS Salary Loan Monthly Amortization (2025 Full Breakdown)

Planning to apply for a ₱44,000 SSS Salary Loan?

Let’s break down exactly how much you’ll receive, how much you’ll pay monthly, and how SSS computes your total deductions — in a simple, transparent way.

Many members get surprised when they see their take-home amount is lower than ₱44,000. That’s because SSS automatically deducts a 1% service charge and a pro-rated interest for about 50 days (before your first monthly payment starts).

This guide shows you the full amortization schedule, computation, and eligibility rules — all updated for 2025.

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🏦 What Is an SSS Salary Loan?

The SSS Salary Loan is a short-term cash benefit for active members. It’s meant to help you cover personal expenses like tuition, medical needs, or emergencies — with affordable monthly payments deducted straight from your salary.

Types of SSS Salary Loan

Type	Maximum Loan	Term
1-Year Loan	Up to 1 month of AMSC (max ₱25,000)	12 months
2-Year Loan	Up to 2 months of AMSC (max ₱50,000)	24 months

Since ₱44,000 exceeds ₱25,000, this is a 2-year (24-month) loan.

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⚙️ Official 2025 Computation Rules

Rule	Description
Interest Rate	8% per year (diminishing balance)
Service Charge	1% of approved amount
Pro-Rated Interest	Charged upfront (approx. 50 days)
Loan Term	24 months
Penalty for Late Payment	1% per month
Amortization Start	Usually 2 months after approval
Early Repayment	Allowed anytime without penalty

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🧮 Step-by-Step ₱44,000 Loan Computation

Let’s assume approval on March 12, 2025.
SSS charges interest for 50 days (March 12–April 30) before the first amortization in May.

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🧾 Step 1 – Deductions Before Release

Item	Computation	Amount (₱)
Approved Loan	—	44,000
Service Charge (1%)	44,000 × 1%	440
Pro-Rated Interest (50 days)	44,000 × 0.08 × 50 ÷ 365	482
Total Deductions	—	₱922
Net Take-Home Amount	44,000 − 922	₱43,078

✅ Cash Released: ₱43,078

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🧾 Step 2 – Monthly Amortization

• Annual Interest = 8%
• Monthly Interest = 0.67%
• Term = 24 months

➡️ Monthly Amortization = ₱2,008
➡️ Total Payment = ₱48,192
➡️ Total Interest = ₱4,192

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📅 ₱44,000 Amortization Schedule (24 Months, Rounded)

Mo	Beg Balance	Interest	Principal	Payment	End Balance
1	44,000	293	1,715	2,008	42,285
2	42,285	282	1,726	2,008	40,559
3	40,559	271	1,737	2,008	38,822
4	38,822	259	1,749	2,008	37,073
5	37,073	247	1,761	2,008	35,312
6	35,312	235	1,773	2,008	33,539
7	33,539	224	1,784	2,008	31,755
8	31,755	212	1,796	2,008	29,959
9	29,959	200	1,808	2,008	28,151
10	28,151	188	1,820	2,008	26,331
11	26,331	176	1,832	2,008	24,499
12	24,499	163	1,845	2,008	22,654
13	22,654	151	1,857	2,008	20,797
14	20,797	139	1,869	2,008	18,928
15	18,928	126	1,882	2,008	17,046
16	17,046	114	1,894	2,008	15,152
17	15,152	101	1,907	2,008	13,245
18	13,245	88	1,920	2,008	11,325
19	11,325	76	1,932	2,008	9,393
20	9,393	63	1,945	2,008	7,448
21	7,448	50	1,958	2,008	5,490
22	5,490	37	1,971	2,008	3,519
23	3,519	23	1,985	2,008	1,534
24	1,534	10	1,534	1,544	0

✅ Total Payment: ₱48,192
✅ Total Interest: ₱4,192
✅ Upfront Deductions: ₱922
✅ Net Take-Home: ₱43,078

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💡 Try the Free SSS Salary Loan Calculator

Want to check your own computation?
👉 SSS Salary Loan Calculator

Use it to:

• See your estimated monthly amortization
• Compare 1-year and 2-year terms
• View total deductions and take-home amount

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📋 SSS Salary Loan Eligibility (2025)

Requirement	Description
Active Member	Must have current SSS contributions
Posted Contributions	At least 72 (6 within the last 12 months)
Loan Status	No existing overdue SSS loan
Employer Compliance	Employer must be regularly remitting SSS payments
Employment Type	Employed, Self-Employed, or Voluntary

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📉 Pro-Rated Interest Explained

This fee covers the interest between your approval date and the first month of payment — typically about 50 days.

Step	Description	Computation
1	Days Covered	50
2	Annual Interest	₱44,000 × 8% = ₱3,520
3	Daily Interest	₱3,520 ÷ 365 = ₱9.64/day
4	Multiply by 50 days	₱9.64 × 50 = ₱482

✅ ₱482 is deducted upfront — ensuring fair and accurate interest charges.

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⚖️ Payment and Renewal Rules

Policy	Description
Late Payment Penalty	1% per month
Loan Renewal	Allowed after 12 months or half-term payment
Early Repayment	Allowed anytime, no penalty
Loan Default Policy	SSS may deduct unpaid balance from future benefits

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👩 Example Case: ₱44,000 for a Private Employee

Liza, employed since 2016, applied for ₱44,000 in March 2025.

• Approved Loan: ₱44,000
• Deductions: ₱440 (service) + ₱482 (interest) = ₱922
• Take-Home: ₱43,078
• Monthly Payment: ₱2,008 × 24 = ₱48,192
• Total Interest: ₱4,192

Her amortization is auto-deducted from payroll — making repayment smooth and stress-free.

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🧾 TL;DR Summary

Item	Details
Loan Amount	₱44,000
Service Charge (1%)	₱440
Pro-Rated Interest (50 days)	₱482
Total Deductions	₱922
Net Take-Home	₱43,078
Monthly Amortization	₱2,008 × 24 months
Total Payment	₱48,192
Total Interest	₱4,192
Loan Term	24 months
Penalty (Late)	1% per month
Eligibility	72 contributions (6 recent)

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❓ FAQs

1. How much will I receive from ₱44,000?
You’ll get ₱43,078 after ₱922 deductions.

2. When will repayment start?
Usually 2 months after approval (e.g., approved March → first payment in May).

3. Can I pay early?
Yes, early repayment is allowed anytime without penalty.

4. What if I miss a payment?
A 1% penalty per month applies, and SSS can deduct from your future benefits.

5. When can I renew my loan?
You can renew after paying at least 12 months or half the term.

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🌟 Final Thoughts

A ₱44,000 SSS Salary Loan offers flexibility and transparency — with only ₱2,008 monthly payments for 24 months and low 8% annual interest.

After a ₱922 deduction, your take-home cash is ₱43,078, making it a reliable financial option for employed and voluntary SSS members alike.

To calculate your exact amount, try the 👉 SSS Salary Loan Calculator.