Thinking about getting a ₱48,000 SSS Salary Loan this year?
If you’re wondering how much your monthly payment will be or how much cash you’ll actually receive, this guide is for you. Many members get surprised when the credited amount is lower than the approved ₱48,000.
That’s because the SSS deducts:
1% service charge, and
Pro-rated interest for about 50 days (before regular monthly amortization begins).
Let’s break it down — so you’ll know exactly how much you’ll take home, how much you’ll pay monthly, and how much total interest applies.
🏦 What Is the SSS Salary Loan?
The SSS Salary Loan is a short-term benefit for members who need financial assistance. It offers low interest, easy payment, and salary-based deductions, perfect for personal or emergency needs.
Loan Options
Type
Maximum Loan
Term
1-Year Loan
1 month of AMSC (up to ₱25,000)
12 months
2-Year Loan
2 months of AMSC (up to ₱50,000)
24 months
A ₱48,000 loan qualifies for the 2-year (24 months) term.
⚙️ 2025 SSS Salary Loan Computation Rules
Rule
Description
Interest Rate
8% per annum (based on diminishing balance)
Service Charge
1% of approved amount
Pro-Rated Interest
Around 50 days before first payment
Loan Term
24 months
Late Payment Penalty
1% per month
Early Repayment
Allowed anytime (no penalty)
Payment Start
Two months after approval
🧮 Step-by-Step ₱48,000 Loan Computation
Let’s assume your loan was approved on March 12, 2025. SSS charges pro-rated interest for 50 days (March 12 to April 30).
🧾 Step 1 – Loan Deductions Before Release
Item
Computation
Amount (₱)
Approved Loan
—
48,000
Service Charge (1%)
48,000 × 1%
480
Pro-Rated Interest (50 days)
48,000 × 0.08 × 50 ÷ 365
527
Total Deductions
—
₱1,007
Net Take-Home Amount
48,000 − 1,007
₱46,993
✅ Cash Released: ₱46,993
🧾 Step 2 – Monthly Amortization (24 Months)
Annual Interest Rate: 8%
Loan Term: 24 months
Monthly Interest: ~0.67%
➡️ Monthly Amortization = ₱2,190 ➡️ Total Payment = ₱52,560 ➡️ Total Interest = ₱4,560
If your ₱48,000 loan is approved mid-month, SSS deducts interest only for the 50 days before the first amortization:
Step
Description
Computation
1
Days Covered
50
2
Annual Interest
₱48,000 × 8% = ₱3,840
3
Daily Interest
₱3,840 ÷ 365 = ₱10.52/day
4
Multiply by 50 days
₱10.52 × 50 = ₱527
✅ ₱527 is deducted upfront — making the system fair and time-based.
⚖️ Payment and Renewal Rules
Policy
Description
Late Payment Penalty
1% per month on unpaid amortization
Loan Renewal
Allowed after 12 months (once half is paid)
Early Repayment
No penalties
Loan Default
SSS may deduct from future benefits
👩 Example Case
Rica, an employee with consistent SSS contributions, applies for ₱48,000 on March 12, 2025.
Item
Amount
Approved Loan
₱48,000
Deductions (Service + Interest)
₱1,007
Take-Home Amount
₱46,993
Monthly Payment
₱2,190 × 24
Total Payment
₱52,560
Total Interest
₱4,560
Her salary deductions begin in May 2025 and continue for 24 months.
🧾 TL;DR Summary
Item
Details
Loan Amount
₱48,000
Service Charge (1%)
₱480
Pro-Rated Interest (50 days)
₱527
Total Deductions
₱1,007
Net Take-Home
₱46,993
Monthly Amortization
₱2,190 × 24 months
Total Payment
₱52,560
Total Interest
₱4,560
Loan Term
24 months
Penalty (Late)
1% per month
Eligibility
72 contributions (6 recent)
❓ FAQs
1. How much will I receive from ₱48,000? You’ll receive ₱46,993 after ₱1,007 total deductions.
2. When will payments start? Usually 2 months after approval (e.g., March approval → May first payment).
3. Can I pay my loan early? Yes — full or partial payments can be made anytime without penalty.
4. What happens if I miss a payment? SSS charges a 1% monthly penalty.
5. When can I renew my loan? After 12 months or once half of your loan term is paid.
🌟 Final Thoughts
A ₱48,000 SSS Salary Loan offers affordable financing for members needing cash with manageable monthly payments. After ₱1,007 deductions, your take-home is ₱46,993, and you’ll pay ₱2,190 monthly for 24 months.
