₱45,000 SSS Salary Loan Monthly Amortization (2025 Full Breakdown)
Planning to borrow ₱45,000 from SSS this year?
Here’s your complete guide to how much you’ll receive, what deductions to expect, and how much your monthly payments will be — all computed using the official SSS 8% annual interest rate.
Many SSS members get surprised when their actual loan proceeds are less than the approved amount. That’s because SSS deducts two things upfront:
1% service charge, and
Pro-rated interest (for around 50 days before the first amortization starts).
This article breaks down all that math — so you’ll know exactly how much you’ll receive and pay every month.
🏦 What Is an SSS Salary Loan?
The SSS Salary Loan is a short-term cash benefit available to employed, self-employed, and voluntary members. It’s designed to provide affordable financing for personal and emergency expenses.
Loan Types
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 ₱45,000 exceeds ₱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 (diminishing balance)
Service Charge
1% of approved amount
Pro-Rated Interest
Charged upfront (around 50 days)
Loan Term
24 months
Late Payment Penalty
1% per month
Early Repayment
Allowed anytime, no penalty
Amortization Start
2 months after approval
🧮 Step-by-Step ₱45,000 Loan Computation
Assume loan approved on March 12, 2025. SSS will charge pro-rated interest from March 12 to April 30 (50 days) before regular amortizations begin in May.
🧾 Step 1 – Deductions Before Loan Release
Item
Computation
Amount (₱)
Approved Loan
—
45,000
Service Charge (1%)
45,000 × 1%
450
Pro-Rated Interest (50 days)
45,000 × 0.08 × 50 ÷ 365
493
Total Deductions
—
₱943
Net Take-Home Amount
45,000 − 943
₱44,057
✅ Cash Released to You: ₱44,057
🧾 Step 2 – Monthly Amortization (24 Months)
Annual Interest Rate: 8%
Monthly Interest: 0.67%
Loan Term: 24 months
➡️ Monthly Amortization = ₱2,054 ➡️ Total Payment = ₱49,296 ➡️ Total Interest = ₱4,296
📅 ₱45,000 Amortization Schedule (Rounded)
Mo
Beg Balance
Interest
Principal
Payment
End Balance
1
45,000
300
1,754
2,054
43,246
2
43,246
288
1,766
2,054
41,480
3
41,480
276
1,778
2,054
39,702
4
39,702
264
1,790
2,054
37,912
5
37,912
253
1,801
2,054
36,111
6
36,111
241
1,813
2,054
34,298
7
34,298
229
1,825
2,054
32,473
8
32,473
217
1,837
2,054
30,636
9
30,636
204
1,850
2,054
28,786
10
28,786
192
1,862
2,054
26,924
11
26,924
180
1,874
2,054
25,050
12
25,050
167
1,887
2,054
23,163
13
23,163
154
1,900
2,054
21,263
14
21,263
142
1,912
2,054
19,351
15
19,351
129
1,925
2,054
17,426
16
17,426
116
1,938
2,054
15,488
17
15,488
103
1,951
2,054
13,537
18
13,537
90
1,964
2,054
11,573
19
11,573
77
1,977
2,054
9,596
20
9,596
64
1,990
2,054
7,606
21
7,606
51
2,003
2,054
5,603
22
5,603
37
2,017
2,054
3,586
23
3,586
24
2,030
2,054
1,556
24
1,556
10
1,556
1,566
0
✅ Total Payment: ₱49,296 ✅ Total Interest: ₱4,296 ✅ Upfront Deductions: ₱943 ✅ Net Take-Home: ₱44,057
If your loan is approved mid-month, SSS charges interest only for the period before your first payment — not for a fixed 1.5 months.
Step
Description
Computation
1
Days Covered
50
2
Annual Interest
₱45,000 × 8% = ₱3,600
3
Daily Interest
₱3,600 ÷ 365 = ₱9.86/day
4
Multiply by 50 days
₱9.86 × 50 = ₱493
✅ ₱493 deducted upfront — ensuring fairness and precision.
⚖️ Payment & Renewal Policies
Policy
Description
Late Payment Penalty
1% per month of unpaid amortization
Loan Renewal
Allowed after 12 months (half term paid)
Early Repayment
Allowed anytime, no penalty
Loan Default Policy
SSS may deduct from future benefits
👩 Example Case: ₱45,000 Loan for an Employee
Marites, employed since 2015, applies for a ₱45,000 salary loan on March 12, 2025.
Approved Amount: ₱45,000
Service Charge: ₱450
Pro-Rated Interest: ₱493
Net Cash Received: ₱44,057
Monthly Payment: ₱2,054 × 24 months = ₱49,296
Total Interest: ₱4,296
Her salary deduction starts in May 2025 — no stress, no late fees as long as her employer remits on time.
🧾 TL;DR Summary
Item
Details
Loan Amount
₱45,000
Service Charge (1%)
₱450
Pro-Rated Interest (50 days)
₱493
Total Deductions
₱943
Net Take-Home
₱44,057
Monthly Amortization
₱2,054 × 24 months
Total Payment
₱49,296
Total Interest
₱4,296
Loan Term
24 months
Penalty (Late)
1% per month
Eligibility
72 contributions (6 recent)
❓ FAQs
1. How much will I receive from ₱45,000? You’ll get ₱44,057 after ₱943 deductions.
2. When will repayment start? Usually 2 months after approval (e.g., approved March → start paying in May).
3. Can I settle my SSS loan early? Yes. You can pay early anytime — no penalty.
4. What if I miss a payment? A 1% penalty per month applies. SSS may deduct the balance from future benefits.
5. When can I renew my loan? After 12 months or once you’ve paid half of your amortizations.
🌟 Final Thoughts
A ₱45,000 SSS Salary Loan gives you affordable financing with predictable payments and minimal deductions. After ₱943 deductions, you’ll take home ₱44,057 and pay ₱2,054 monthly for 24 months — fair, simple, and transparent.
