Can I Apply for an SSS Salary Loan If I Have an Existing Calamity Loan?
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Can I Apply for an SSS Salary Loan If I Have an Existing Calamity Loan? Your Complete Guide from an SSS Salary Loan Expert
Many Filipinos rely on the SSS Salary Loan and SSS Calamity Loan to get through tough financial times — whether it’s to cover bills, school expenses, or emergencies caused by natural disasters.
A common question among members is:
“Pwede ba akong mag-apply ng SSS Salary Loan kahit may existing Calamity Loan ako?”
The answer depends on your payment status, eligibility, and SSS loan rules. In this guide, we’ll break down the conditions clearly, explain the loan computation, and help you check if you qualify — with real examples and a link to a free calculator.
🧾 What Is an SSS Salary Loan?
The SSS Salary Loan is a cash benefit available to active SSS members who need short-term financial assistance. It’s based on your Average Monthly Salary Credit (AMSC) and your posted contributions.
It’s payable in 24 months for a 2-year loan (or 12 months for a 1-year loan) with an 8% annual interest rate.
👉 You can try the SSS Salary Loan Calculator to estimate your loanable amount, monthly amortization, and deductions before applying.
⚖️ Can You Apply for a Salary Loan If You Have an Existing Calamity Loan?
The short answer is: YES — but with conditions.
Let’s explain both scenarios:
✅ Scenario 1: Your Calamity Loan Is Fully Paid
If your calamity loan is fully settled, you can apply for a new SSS Salary Loan as long as you meet the contribution and employment requirements.
Once your payment has been updated and cleared in the SSS system, you’ll be eligible to apply.
⚠️ Scenario 2: You Still Have an Active Calamity Loan
If your calamity loan is still being paid, you cannot apply for a new salary loan unless you’re eligible for loan renewal.
According to SSS rules:
You can only renew your salary loan once you’ve paid at least 50% of the original principal amount and at least 12 monthly amortizations have been posted.
If you haven’t met those, your application will be disapproved until the required payments are made.
📋 Eligibility Requirements for SSS Salary Loan
Loan Type
Minimum Contributions
Contributions Within Last 12 Months
Employment Status
1-Year Loan
36 total
6 recent
Currently employed or self-employed
2-Year Loan
72 total
6 recent
Currently employed or self-employed
Other key rules:
No overdue SSS loan (Salary, Calamity, or Emergency).
Member’s employer must be updated in contributions and loan remittances.
Member must have not been granted final benefits (retirement, permanent disability, etc.).
💰 How Your Loanable Amount Is Computed
Your loanable amount depends on your Average Monthly Salary Credit (AMSC) — the average of your last 12 months’ salary credits.
Loan Type
Basis
Maximum
1-Year
1 × AMSC
₱25,000
2-Year
2 × AMSC
₱50,000
📌 Example: If your AMSC is ₱20,000 and you’re applying for a 2-year loan, your maximum loan is ₱40,000 (2 × ₱20,000). However, the maximum allowed by SSS is ₱50,000 — even if your salary credit is higher.
Understand total interest and deductions before applying
It’s especially useful if you’re deciding between a 1-year and 2-year loan — or if you already have an existing calamity loan and want to see how repayment will affect your next application.
🩵 TL;DR (Quick Summary)
You can apply for an SSS Salary Loan even if you had a Calamity Loan, as long as it’s fully paid or you’ve paid 50% of your previous loan.
Make sure your contributions are updated and you have no overdue balances.
