₱46,000 SSS Salary Loan Monthly Amortization (2025 Full Breakdown)
Planning to apply for a ₱46,000 SSS Salary Loan this 2025?
If you’re wondering how much your monthly payment will be or why the cash you receive is slightly lower than your approved amount — this guide is for you.
Many members are surprised when their released loan is less than ₱46,000. That’s because the SSS automatically deducts:
1% service charge, and
Pro-rated interest (covering around 50 days before the first amortization).
Let’s break down the real numbers — your take-home cash, total interest, and exact monthly amortization.
🏦 What Is an SSS Salary Loan?
The SSS Salary Loan is a short-term cash loan designed to help employed, self-employed, and voluntary members handle personal or emergency expenses.
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 ₱46,000 is higher than ₱25,000, this qualifies for a 2-year (24-month) loan term.
⚙️ Official 2025 Computation Rules
Rule
Description
Interest Rate
8% per year on diminishing balance
Service Charge
1% of approved amount
Pro-Rated Interest
Around 50 days before amortization
Loan Term
24 months
Penalty for Late Payment
1% per month
Early Payment
Allowed anytime without penalty
Start of Payment
Usually 2 months after approval
🧮 Step-by-Step ₱46,000 Loan Computation
Assume your loan is approved on March 12, 2025. Interest is computed for 50 days (March 12–April 30) before your first amortization in May.
🧾 Step 1 – Deductions Before Loan Release
Item
Computation
Amount (₱)
Approved Loan
—
46,000
Service Charge (1%)
46,000 × 1%
460
Pro-Rated Interest (50 days)
46,000 × 0.08 × 50 ÷ 365
504
Total Deductions
—
₱964
Net Take-Home Amount
46,000 − 964
₱45,036
✅ Cash Released: ₱45,036
🧾 Step 2 – Monthly Amortization
Annual Interest: 8%
Monthly Interest: 0.67%
Loan Term: 24 months
➡️ Monthly Amortization = ₱2,099 ➡️ Total Payment = ₱50,376 ➡️ Total Interest = ₱4,376
If you’re approved mid-month, SSS charges a small amount of interest before your first payment.
Step
Description
Computation
1
Days Covered
50
2
Annual Interest
₱46,000 × 8% = ₱3,680
3
Daily Interest
₱3,680 ÷ 365 = ₱10.08/day
4
Multiply by 50 Days
₱10.08 × 50 = ₱504
✅ ₱504 is deducted upfront as part of your total loan deductions.
⚖️ Payment and Renewal Rules
Policy
Description
Late Payment Penalty
1% per month of unpaid amortization
Loan Renewal
Allowed after 12 months (once half is paid)
Early Repayment
No penalty for paying in advance
Default Policy
SSS may deduct from future benefits if unpaid
👩 Example Case
Maria, employed since 2016, applies for a ₱46,000 SSS loan on March 12, 2025.
Detail
Amount
Approved Loan
₱46,000
Deductions (Service + Interest)
₱964
Take-Home Amount
₱45,036
Monthly Payment
₱2,099 × 24
Total Payment
₱50,376
Total Interest
₱4,376
Her amortization starts in May 2025, automatically deducted from her salary.
🧾 TL;DR Summary
Item
Details
Loan Amount
₱46,000
Service Charge (1%)
₱460
Pro-Rated Interest (50 days)
₱504
Total Deductions
₱964
Net Take-Home
₱45,036
Monthly Amortization
₱2,099 × 24 months
Total Payment
₱50,376
Total Interest
₱4,376
Loan Term
24 months
Late Penalty
1% per month
Eligibility
72 contributions (6 recent)
❓ FAQs
1. How much will I receive from ₱46,000? You’ll get ₱45,036 after ₱964 deductions.
2. When does repayment start? Two months after approval (e.g., approved March → start paying May).
3. Can I pay early? Yes, full or partial payments are allowed anytime without penalty.
4. What if I miss a payment? SSS charges a 1% penalty per month and may deduct the balance from your future benefits.
5. When can I renew my loan? You can reapply after 12 months or when half of the term is paid.
🌟 Final Thoughts
The ₱46,000 SSS Salary Loan is a smart and affordable financial option for members in need of cash assistance. You’ll receive ₱45,036 after deductions and pay ₱2,099 monthly for 24 months — with transparent terms and no hidden charges.
