If you’re planning to apply for a small SSS Salary Loan — say ₱5,000 — and want to know magkano ang monthly babayaran mo, this guide explains it clearly.
We’ll go through:
How the ₱5,000 SSS loan is computed
Why your actual credited amount is a bit lower than ₱5,000
What “pro-rated interest” means (with a real example if your loan is approved on the 17th)
The exact monthly amortization schedule
Let’s break it down — Taglish style, easy and accurate.
🧾 What Is an SSS Salary Loan?
The SSS Salary Loan is a cash loan available to employed, self-employed, or voluntary SSS members. It’s meant to provide short-term financial help, deducted monthly through your employer or direct payment.
The loan can be 1-month or 2-month based on your Average Monthly Salary Credit (AMSC) — but for this article, we’ll focus on the ₱5,000 loan example.
⚙️ Loan Computation Basics
Term
Detail
Loan Amount
₱5,000
Loan Term
24 months
Interest Rate
8% per annum (based on diminishing principal)
Service Fee
1% (deducted upfront)
Pro-Rated Interest
Interest from loan approval date to the end of the following month
Monthly Amortization
Starts on the 2nd month after approval
💰 Step 1: Compute the Deductions (Before You Receive the Money)
Let’s say your ₱5,000 SSS Salary Loan was approved on May 17, 2025.
1️⃣ Service Fee:
1% × ₱5,000 = ₱50
2️⃣ Pro-Rated Interest (Advance Interest)
SSS charges interest from the loan approval date (May 17) up to the end of the following month (June 30) — this ensures fairness before your first amortization starts in July.
That’s a total of:
15 days in May (May 17–31)
30 days in June = 45 days total
Now compute interest:
Annual interest = ₱5,000 × 8% = ₱400 per year
Daily interest = ₱400 ÷ 365 = ₱1.0959/day
Pro-rated interest = ₱1.0959 × 45 = ₱49.32
✅ Pro-Rated Interest = ₱49.32
💡 Total Deductions:
Service Fee: ₱50.00
Pro-Rated Interest: ₱49.32 ➡️ Total Deduction = ₱99.32
🏦 Net Proceeds (Amount You’ll Receive)
₱5,000 − ₱99.32 = ₱4,900.68
That’s the actual amount that will be credited to your account.
📅 Step 2: Compute the Monthly Amortization
For a ₱5,000 loan at 8% interest per annum over 24 months, the formula SSS uses (diminishing balance) yields a monthly amortization of roughly:
₱226.20 per month
Each month, part of this amount goes to your principal, and part to interest.
Example Monthly Breakdown (Approximation)
Month
Payment (₱)
Interest (₱)
Principal (₱)
Balance (₱)
1
226
33
193
4,807
2
226
32
194
4,613
3
226
31
195
4,418
4
226
29
197
4,221
5
226
28
198
4,023
6
226
27
199
3,824
7
226
25
201
3,623
8
226
24
202
3,421
9
226
23
203
3,218
10
226
21
205
3,013
11
226
20
206
2,807
12
226
19
207
2,600
13
226
17
209
2,391
14
226
16
210
2,181
15
226
15
211
1,970
16
226
13
213
1,757
17
226
12
214
1,543
18
226
10
216
1,327
19
226
9
217
1,110
20
226
7
219
891
21
226
6
220
671
22
226
4
222
449
23
226
3
223
226
24
226
2
224
0
✅ Total Repayment = ₱5,424 ➡️ Interest paid over 2 years = ₱424
Description
Amount
Total payments (24 × ₱226)
₱5,424
Total interest paid (2 Years)
₱424
Pro-rated interest (deducted at start)
₱14
Total cost of loan
₱438
Net proceeds you receive
₱4,986
💡 Why Does SSS Deduct Pro-Rated Interest?
Many members get confused when they receive less than their approved loan amount. That’s because SSS charges advance interest for the “gap period” before your regular amortization starts.
In our example:
Loan approved May 17, 2025
Interest charged for May 17 to June 30
First monthly amortization starts July 2025
This ensures your 24-month amortization covers only complete months moving forward.
🔢 Try the SSS Salary Loan Calculator
If you want to know your exact amortization for larger loans (₱10,000, ₱20,000, ₱50,000, etc.), try the official: 👉 SSS Salary Loan Calculator
It’s easy to use — just enter your AMSC or desired loan amount and see the exact deductions, interest, and monthly payments.
📋 Eligibility Requirements (Quick Recap)
Loan Type
Minimum Contributions
Notes
1-Month Loan
36 total, 6 within the last 12 months
Must be currently employed/self-employed
2-Month Loan
72 total, 6 within the last 12 months
No existing unpaid or delinquent SSS loan
✅ Must be actively contributing ✅ Must not have defaulted on a previous salary loan ✅ Employer must be updated in remittances
💳 Loan Payment and Deductions
For employed members, the monthly amortization is automatically deducted by your employer.
For self-employed or voluntary members, you can pay via SSS partner payment channels or the SSS mobile app.
Penalty for late payments: 1% per month based on unpaid amortization.
You can also pay early or in full anytime — no penalties for advance payments.
⚠️ Common Questions About Small SSS Loans
1️⃣ Why did I receive less than ₱5,000?
Because SSS deducts a 1% service charge and pro-rated interest upfront before releasing your loan.
2️⃣ When will my first payment start?
Usually two months after loan approval. Example: approved May 17 → first payment due in July.
3️⃣ Can I pay my loan in full early?
Yes! You can settle it anytime without penalty, and it helps you save on interest.
4️⃣ What happens if my employer delays remittance?
Payments are considered “not posted” until SSS receives them. Always check your SSS Online Loan Statement for updates.
5️⃣ How do I check my balance?
Log in to your My.SSS account, go to Inquiry → Loans → Salary Loan Information, and you’ll see your updated balance and posted payments.
🧠 TL;DR Summary
Category
Details
Loan Amount
₱5,000
Term
24 months
Interest Rate
8% per annum
Service Fee
₱50
Pro-Rated Interest
₱49.32 (if approved May 17)
Net Proceeds
₱4,900.68
Monthly Amortization
₱226
Total Payable
₱5,424
✅ Final Thoughts
Even for a small ₱5,000 SSS Salary Loan, it’s important to understand every detail — from deductions to amortization — para walang confusion once payments start.
So next time you apply, check your expected proceeds and first payment schedule using the 👉 SSS Salary Loan Calculator.
With a bit of planning, your loan can help you manage short-term needs without surprises later on.
