Kung nagbabalak kang umutang sa SSS at gusto mong malaman kung magkano ang monthly amortization ng ₱6,000 salary loan, this article is for you. We’ll go step-by-step — from how the loan works, how much you’ll actually receive after deductions, to how the monthly payments are computed (with a full amortization table you can follow easily).
🏦 What Is an SSS Salary Loan?
The SSS Salary Loan is a short-term cash loan offered to employed, self-employed, and voluntary SSS members. It’s designed to provide quick financial relief — whether for emergencies, bills, or personal needs.
You can borrow up to one or two times your Monthly Salary Credit (MSC) depending on your total contributions.
🧾 Who Can Apply for a Salary Loan?
Before applying, make sure you meet these requirements:
Requirement
Description
SSS Contributions
At least 36 posted contributions (for 1-month loan) or 72 (for 2-month loan)
Recent Contributions
At least 6 posted within the last 12 months
Employment Status
Must be currently employed or self-employed with updated payments
Loan History
No existing overdue SSS loan
Employer Record
For employed members, your employer must be updated in SSS records
💡 How the SSS Salary Loan Computation Works
The SSS Salary Loan follows this rule:
Interest rate: 8% per year
Loan term: 24 months (2 years)
Service charge: 1% of the approved loan (deducted upon release)
Interest type: Diminishing balance (interest decreases every month)
Penalty: 1% per month for late payments
🧮 Step-by-Step Computation Example for ₱6,000 SSS Salary Loan
Let’s go through a real example so you can understand exactly what happens when you take out a ₱6,000 SSS Salary Loan.
1️⃣ Compute Deductions Before Release
Deduction Type
Formula
Amount
Service Charge (1%)
₱6,000 × 1%
₱60
Pro-Rated Interest
8% annual × 44 days ÷ 365
₱58
Total Deductions
₱60 + ₱58
₱118
Net Loan Proceeds
₱6,000 − ₱118
₱5,882
🗓️ Assumption: Loan approved on March 17. Interest is charged from March 17 to April 30 (44 days).
Pro-rated interest computation:
Annual interest = 8% × ₱6,000 = ₱480/year
Daily interest = ₱480 ÷ 365 = ₱1.32/day
44 days × ₱1.32 = ₱58 (rounded)
So, even if your approved amount is ₱6,000, you’ll receive ₱5,882 after the service charge and pro-rated interest.
📅 Monthly Amortization (Rounded to Nearest Peso)
The ₱6,000 loan is payable over 24 months with an 8% annual interest on a diminishing balance. Your monthly amortization starts on the second month after approval.
Month
Beginning Balance
Interest (8%)
Principal
Monthly Amortization
Ending Balance
1
₱6,000
₱40
₱210
₱250
₱5,790
2
₱5,790
₱39
₱211
₱250
₱5,579
3
₱5,579
₱37
₱213
₱250
₱5,366
4
₱5,366
₱36
₱214
₱250
₱5,152
5
₱5,152
₱34
₱216
₱250
₱4,936
6
₱4,936
₱33
₱217
₱250
₱4,719
7
₱4,719
₱31
₱219
₱250
₱4,500
8
₱4,500
₱30
₱220
₱250
₱4,280
9
₱4,280
₱29
₱221
₱250
₱4,059
10
₱4,059
₱27
₱223
₱250
₱3,836
11
₱3,836
₱26
₱224
₱250
₱3,612
12
₱3,612
₱24
₱226
₱250
₱3,386
13
₱3,386
₱23
₱227
₱250
₱3,159
14
₱3,159
₱21
₱229
₱250
₱2,930
15
₱2,930
₱20
₱230
₱250
₱2,700
16
₱2,700
₱18
₱232
₱250
₱2,468
17
₱2,468
₱16
₱234
₱250
₱2,234
18
₱2,234
₱15
₱235
₱250
₱1,999
19
₱1,999
₱13
₱237
₱250
₱1,762
20
₱1,762
₱12
₱238
₱250
₱1,524
21
₱1,524
₱10
₱240
₱250
₱1,284
22
₱1,284
₱9
₱241
₱250
₱1,043
23
₱1,043
₱7
₱243
₱250
₱800
24
₱800
₱5
₱245
₱250
₱555
🧮 Total Interest Paid: ₱554 💰 Total Amount Paid: ₱6,000 (principal) + ₱554 (interest) = ₱6,554
✅ Tip: You can also use the SSS Salary Loan Calculator to compute your personalized amortization schedule instantly.
🕐 When Does Payment Start?
If your loan is approved on March 17,
Pro-rated interest covers March 17 to April 30.
First payment begins in May. This ensures the interest you pay matches the exact period you used the funds.
⚡ How Is Payment Deducted?
For employed members, your employer automatically deducts the amortization from your salary and remits it to SSS.
For self-employed or voluntary members, you’ll need to pay manually via SSS branches, accredited banks, or online channels like GCash or Maya.
💬 Can You Pay in Advance?
Yes! You can pay in advance or settle in full anytime without penalty. Doing so reduces your total interest, which means mas makakatipid ka sa kabuuang bayarin.
🚨 What Happens If You Miss a Payment?
Late payments are subject to a 1% monthly penalty based on the unpaid amortization amount. If you default for several months, SSS can deduct the unpaid balance from your future salary loans or benefits.
⚖️ TL;DR — Quick Summary
Item
Details
Loan Amount
₱6,000
Net Proceeds
₱5,882
Term
24 months
Interest Rate
8% per annum
Monthly Payment
₱250 (rounded)
Total Interest
₱554
Total Payable
₱6,554
❓ Frequently Asked Questions (FAQs)
1️⃣ How much will I get if I apply for a ₱6,000 SSS Salary Loan? You’ll receive around ₱5,882 after deducting the 1% service fee and pro-rated interest.
2️⃣ When will my first payment start? Usually two months after approval. If approved on March 17, your first payment starts in May.
3️⃣ Can I pay my loan early? Yes, you can settle early anytime with no penalty. Early settlement saves you money on interest.
4️⃣ What happens if my employer delays remittance? Your employer will be liable for any late payment penalties or unremitted deductions. Always monitor your loan record in your My.SSS account.
5️⃣ Is the ₱250 monthly payment fixed? Yes, it’s fixed, but the interest portion decreases monthly while the principal portion increases, following a diminishing balance method.
🏁 Final Thoughts
The ₱6,000 SSS Salary Loan may look small, but it’s a big help when handled wisely. Understanding the computation — from pro-rated interest to monthly amortization — helps you manage expectations and plan your budget better.
Whether it’s your first time applying or renewing an old one, always double-check your qualifications and use the SSS Salary Loan Calculator to estimate your exact monthly dues.
💬 Tip: Don’t just focus on how much you’ll receive — understand how every peso is computed so you’ll never be caught off guard by deductions or interest.
