Can I Get My SSS Loan Statement Even If I’m Still Paying My Loan?
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Can I Get My SSS Loan Statement Even If I’m Still Paying My Loan?
If you’re currently paying your SSS Salary Loan, you might be wondering — “Pwede ko bang makita ang statement ko kahit di pa tapos bayaran?”
The short answer is yes. Even if your loan is still active or ongoing, you can view and download your SSS Loan Statement anytime through your My.SSS account. This statement lets you track your remaining balance, amortization schedule, and payment history so you can manage your finances better.
In this guide, we’ll explain how to access your SSS Salary Loan Statement, what it contains, and why it’s important to check it regularly — especially if you’re planning to apply for another SSS loan or just want to ensure your payments are up to date.
🧾 What Is an SSS Loan Statement?
An SSS Loan Statement (sometimes called SSS Loan Statement of Account) is an official record showing:
Your original loan amount
The release date and loan type
The monthly amortization schedule
The remaining balance
All payments posted by your employer or yourself (if voluntary/self-employed)
Any penalties or interests for delayed payments
It’s like your credit card statement, but specifically for your SSS loan.
Even if you haven’t fully paid your loan yet, the SSS allows you to check your updated statement anytime. This helps you avoid surprises like unposted payments or penalties that may accumulate if your employer fails to remit on time.
💡 Why You Should Check Your SSS Loan Statement Regularly
Many members forget about their salary loan after approval — until they discover deductions long after. Checking your statement regularly can help you:
✅ Confirm if your employer remits payments properly Employers are responsible for deducting and remitting your loan payments. If they miss a month, penalties may apply — but the employee often doesn’t find out until later.
💰 See how much balance you still owe You’ll know if your amortization is on track or if there are missed payments.
🗓️ Plan for loan renewal or reapplication You can only apply for another SSS Salary Loan once you’ve paid at least 50% of your current loan and have no overdue balance.
⚠️ Avoid penalties and compounding interest SSS charges 1% per month on delayed payments — so checking your loan statement helps you stay current.
🏦 How to Get Your SSS Loan Statement (Even While Paying)
You can easily view your SSS Loan Statement online or through your nearest branch.
Interest Rate: 8% per annum (based on diminishing principal balance)
Service Charge: 1% of approved loan (deducted upfront)
Penalty: 1% per month on unpaid amortization
Deduction Method: Automatically via employer remittance
🧾 Example: SSS Salary Loan Computation
Let’s say Maria, an employee earning ₱20,000 per month, applies for a 2-year SSS Salary Loan.
Average Monthly Salary Credit (AMSC): ₱20,000
Loanable Amount: 2 × ₱20,000 = ₱40,000
Service Charge (1%): ₱400
Net Loan Release: ₱39,600
Interest Example (Pro-Rated Interest)
If Maria’s loan was approved on March 12, 2025:
Coverage = 20 days (March) + 30 days (April) = 50 days
Annual interest = ₱40,000 × 8% = ₱3,200
Daily interest = ₱3,200 ÷ 365 = ₱8.77/day
Pro-rated interest = ₱8.77 × 50 = ₱438.50
👉 So ₱438.50 is deducted upfront from Maria’s loan proceeds. Regular amortization starts in May 2025.
💸 How SSS Salary Loan Payments Work
If you’re employed, your employer automatically deducts your monthly amortization from your salary. For self-employed or voluntary members, you’ll need to pay directly via:
SSS branches
Bayad Center
GCash or PayMaya
Accredited payment partners
Sample Amortization for ₱40,000 (24 Months)
Month
Payment
Principal
Interest
Balance
1
₱1,813
₱1,546
₱267
₱38,454
12
₱1,813
₱1,666
₱147
₱20,220
24
₱1,813
₱1,799
₱14
₱0
Note: Values are approximations for illustration only.
🔁 Can You Reapply or Renew an SSS Loan While Still Paying?
Yes — but there are conditions.
You can apply for a loan renewal if:
You’ve paid at least 50% of your current loan (including interest).
You have no overdue balance.
You still meet the contribution and employment requirements.
When you renew your loan, SSS deducts your remaining balance from the new approved amount. The difference (after deduction) is what you’ll receive as new proceeds.
⚠️ What Happens If You Miss a Payment?
If you fail to pay on time:
Interest continues to accrue at 8% per year.
Penalty of 1% per month is charged on missed amortizations.
Loan balance may be deducted from future SSS benefits (like sickness, maternity, or retirement).
👉 Always check your SSS Loan Statement to ensure all payments are posted correctly and avoid these issues.
🧾 How to Read Your SSS Loan Statement
Here’s what the typical fields mean:
Field
Description
Loan Type
Salary Loan / Calamity Loan / Restructured Loan
Loan Amount
Total approved amount
Release Date
Date when loan was credited
Monthly Amortization
Regular monthly payment
Payment History
Posted employer or self-payments
Outstanding Balance
Remaining loan amount
Penalty/Interest
Charges for late or missed payments
Tip: Cross-check the “Payment History” with your payslips. If something’s missing, ask your employer or file a payment verification with SSS.
🕒 How Often Should You Check Your Statement?
You should ideally check your SSS Loan Statement every 2–3 months to:
Confirm remittances are up to date.
See your updated balance.
Ensure no errors or delays in posting.
🧠 TL;DR — Quick Summary
Key Question
Quick Answer
Can I get my SSS Loan Statement while still paying?
✅ Yes, anytime via My.SSS or at an SSS branch.
Why check your statement?
To track your balance, avoid penalties, and confirm employer remittances.
1. Can I view my loan statement without a My.SSS account?
No. You need to create a My.SSS account to view your loan details online. Alternatively, you can request a printed copy from your branch.
2. What if my employer failed to remit payments?
You can report non-remittance by filing a Loan Payment Inquiry at your SSS branch. Bring payslips showing deductions as proof.
3. How soon are payments posted in the system?
Usually within 30 to 45 days after SSS receives the employer’s remittance.
4. Can I pay my SSS loan in advance?
Yes. You can pay in full or partial advance without penalties.
5. Can I check my loan statement through the SSS mobile app?
Yes. Log in to the SSS Mobile App, select Loans, and tap your active loan to view details.
✨ Final Thoughts
Even if your SSS Salary Loan isn’t fully paid, you have the right to access your loan statement anytime. It’s not just about knowing your balance — it’s about taking control of your financial record.
Checking your statement ensures that all payments are properly posted, helps you avoid penalties, and keeps you ready for your next loan application.
So, take a minute today to log in to your My.SSS account or try the SSS Salary Loan Calculator to plan your next move — your future self will thank you.
