₱47,000 SSS Salary Loan Monthly Amortization

₱47,000 SSS Salary Loan Monthly Amortization (2025 Full Breakdown)

Planning to borrow ₱47,000 from SSS?

If you’re wondering how much your monthly payment will be, or why your take-home amount is a bit lower than ₱47,000, this guide will show you everything — step by step.

The SSS automatically deducts a 1% service charge and a small pro-rated interest (covering about 50 days before your first payment).

Let’s compute how much you’ll really receive, how much interest you’ll pay, and what your exact amortization looks like.

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🏦 What Is an SSS Salary Loan?

The SSS Salary Loan gives members access to affordable short-term financing. It’s ideal for personal, emergency, or family expenses — repaid through small monthly salary deductions.

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 ₱47,000 exceeds ₱25,000, this falls under the 2-year (24-month) term.

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⚙️ Official 2025 Computation Rules

Rule	Description
Interest Rate	8% per annum (diminishing balance)
Service Charge	1% of loan amount
Pro-Rated Interest	About 50 days’ interest before 1st payment
Loan Term	24 months
Penalty for Late Payment	1% per month
Early Payment	Allowed anytime, no penalty
Repayment Method	Auto-deducted from salary or remitted monthly

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🧮 Step-by-Step ₱47,000 Loan Computation

Assume approval on March 12, 2025.
SSS will deduct a service charge and interest for 50 days (from March 12 to April 30).

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🧾 Step 1 – Deductions Before Release

Item	Computation	Amount (₱)
Approved Loan	—	47,000
Service Charge (1%)	47,000 × 1%	470
Pro-Rated Interest (50 days)	47,000 × 0.08 × 50 ÷ 365	516
Total Deductions	—	₱986
Net Take-Home Amount	47,000 − 986	₱46,014

✅ Cash Released: ₱46,014

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🧾 Step 2 – Monthly Amortization

• Annual Interest Rate: 8%
• Loan Term: 24 months
• Formula: Diminishing balance method

➡️ Monthly Amortization = ₱2,144
➡️ Total Payment = ₱51,456
➡️ Total Interest = ₱4,456

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📅 ₱47,000 Amortization Schedule (24 Months, Rounded)

Mo	Beg Balance	Interest	Principal	Payment	End Balance
1	47,000	313	1,831	2,144	45,169
2	45,169	301	1,843	2,144	43,326
3	43,326	289	1,855	2,144	41,471
4	41,471	277	1,867	2,144	39,604
5	39,604	264	1,880	2,144	37,724
6	37,724	252	1,892	2,144	35,832
7	35,832	239	1,905	2,144	33,927
8	33,927	226	1,918	2,144	32,009
9	32,009	213	1,931	2,144	30,078
10	30,078	200	1,944	2,144	28,134
11	28,134	187	1,957	2,144	26,177
12	26,177	174	1,970	2,144	24,207
13	24,207	161	1,983	2,144	22,224
14	22,224	148	1,996	2,144	20,228
15	20,228	135	2,009	2,144	18,219
16	18,219	122	2,022	2,144	16,197
17	16,197	108	2,036	2,144	14,161
18	14,161	95	2,049	2,144	12,112
19	12,112	81	2,063	2,144	10,049
20	10,049	67	2,077	2,144	7,972
21	7,972	53	2,091	2,144	5,881
22	5,881	39	2,105	2,144	3,776
23	3,776	25	2,119	2,144	1,657
24	1,657	11	1,657	1,668	0

✅ Total Payment: ₱51,456
✅ Total Interest: ₱4,456
✅ Deductions: ₱986
✅ Net Take-Home: ₱46,014

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💡 Try the SSS Salary Loan Calculator

Before applying, check your own amortization online.
👉 SSS Salary Loan Calculator

This tool helps you:

• Compare 1-year vs 2-year terms
• View exact deductions and take-home cash
• Calculate your estimated interest instantly

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📋 SSS Salary Loan Eligibility (2025)

Requirement	Description
Active SSS Member	Must have continuous contributions
Posted Contributions	72 total, with 6 within the last 12 months
No Overdue Loan	Existing SSS loans must be fully paid
Employer Compliance	Employer should be up-to-date in remittances
Employment Type	Employed, Self-Employed, or Voluntary

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📉 Example of Pro-Rated Interest (50 Days)

SSS charges only for the days between approval and your first regular amortization.

Step	Description	Computation
1	Days Covered	50
2	Annual Interest	₱47,000 × 8% = ₱3,760
3	Daily Interest	₱3,760 ÷ 365 = ₱10.30/day
4	Multiply by 50 days	₱10.30 × 50 = ₱516

✅ ₱516 is deducted upfront to cover pre-amortization interest fairly.

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⚖️ Payment and Renewal Rules

Policy	Description
Late Payment Penalty	1% per month on unpaid amortization
Loan Renewal	Allowed after 12 months or once half is paid
Early Repayment	Allowed anytime with no penalty
Default Policy	SSS may deduct unpaid balance from future benefits

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👩 Example Case

Ana, a private employee, applied for a ₱47,000 loan on March 12, 2025.

Item	Amount
Approved Loan	₱47,000
Deductions (Service + Interest)	₱986
Take-Home Amount	₱46,014
Monthly Payment	₱2,144 × 24
Total Payment	₱51,456
Total Interest	₱4,456

Her amortization starts in May 2025 and is auto-deducted from her salary.

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🧾 TL;DR Summary

Item	Details
Loan Amount	₱47,000
Service Charge (1%)	₱470
Pro-Rated Interest (50 days)	₱516
Total Deductions	₱986
Net Take-Home	₱46,014
Monthly Amortization	₱2,144 × 24 months
Total Payment	₱51,456
Total Interest	₱4,456
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 ₱47,000?
₱46,014 after deductions.

2. When does repayment start?
Usually 2 months after approval.

3. Can I pay early?
Yes — no penalty for early settlement.

4. What happens if I miss a payment?
A 1% monthly penalty applies.

5. Can I reapply for another SSS loan?
Yes, after 12 months or half of the current loan is paid.

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🌟 Final Thoughts

A ₱47,000 SSS Salary Loan is affordable and transparent — only ₱2,144 per month for 24 months, with low interest and automatic salary deduction.

After ₱986 deductions, your take-home cash is ₱46,014.
It’s a simple, government-backed way to get financial help when you need it.

To compute your own loan, use the 👉 SSS Salary Loan Calculator.