If you’re checking how much your monthly amortization will be or why your credited amount is lower than ₱50,000, this article explains everything — including exact figures and step-by-step computation.
Many SSS members notice deductions such as the 1% service fee and pro-rated interest, both of which are applied before you receive your loan proceeds.
Let’s go through the full ₱50,000 SSS Salary Loan calculation and amortization schedule.
🦠What Is the SSS Salary Loan?
The SSS Salary Loan is a benefit program designed to provide affordable short-term credit to active members with consistent contributions.
It’s commonly used for:
Emergency expenses
Education or home repair
Financial relief during family needs
Monthly amortizations are automatically deducted from your salary or can be paid voluntarily by self-employed members.
💡 Loan Options and Limits (as of 2025)
Type
Maximum Loan
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 ₱50,000 loan represents the maximum loanable amount for SSS Salary Loans.
âš™ï¸ Official 2025 Computation Rules
Rule
Description
Interest Rate
8% per annum (diminishing balance)
Service Charge
1% of approved amount
Pro-Rated Interest
~50 days before first amortization
Loan Term
24 months
Late Payment Penalty
1% per month
Early Repayment
No penalty
Deduction Method
Payroll deduction or voluntary remittance
🧮 Step-by-Step ₱50,000 Loan Computation
Assume your loan was approved on March 12, 2025. SSS deducts interest for the remaining days of March (20 days) plus the full month of April (30 days) before your regular payments begin in May 2025.
🧾 Step 1 – Deductions Before Release
Item
Computation
Amount (₱)
Approved Loan
—
50,000
Service Charge (1%)
50,000 × 1%
500
Pro-Rated Interest (50 days)
50,000 × 0.08 × 50 ÷ 365
548
Total Deductions
—
₱1,048
Net Take-Home Amount
50,000 − 1,048
₱48,952
✅ Cash Released: ₱48,952
🧾 Step 2 – Monthly Amortization (24 Months)
Interest Rate: 8% per year (0.67% per month)
Loan Term: 24 months
Computation: Diminishing balance formula
âž¡ï¸ Monthly Amortization = ₱2,280 âž¡ï¸ Total Payment = ₱54,720 âž¡ï¸ Total Interest = ₱4,720
Maria, a long-time SSS member, applies for ₱50,000 on March 12, 2025.
Item
Amount
Approved Loan
₱50,000
Deductions (Service + Interest)
₱1,048
Take-Home Amount
₱48,952
Monthly Payment
₱2,280 × 24
Total Payment
₱54,720
Total Interest
₱4,720
Her first amortization starts May 2025, deducted automatically from her salary.
🧾 TL;DR Summary
Item
Details
Loan Amount
₱50,000
Service Charge (1%)
₱500
Pro-Rated Interest (50 days)
₱548
Total Deductions
₱1,048
Net Take-Home
₱48,952
Monthly Amortization
₱2,280 × 24 months
Total Payment
₱54,720
Total Interest
₱4,720
Loan Term
24 months
Penalty (Late)
1% per month
Eligibility
72 contributions (6 recent)
â“ FAQs
1. How much will I receive from ₱50,000? ₱48,952 after service charge and pro-rated interest.
2. When do I start paying? Usually two months after approval.
3. Can I pay early? Yes — no penalty for full or advance payment.
4. What happens if I miss a payment? A 1% monthly penalty applies.
5. Can I reapply for another loan? Yes, after 12 months or when 50% of your loan is paid.
🌟 Final Thoughts
The ₱50,000 SSS Salary Loan is the maximum allowable loan under current rules. It offers low monthly amortization of ₱2,280 and transparent deductions of only ₱1,048.
With automatic payroll deductions, you can manage your loan easily — and when ready, check your own computation with the 👉 SSS Salary Loan Calculator.
