Can I Use the SSS Loan Voucher to Claim My Loan Proceeds?

When you finally get approved for your SSS Salary Loan, one of the first documents you’ll see in your online account is the SSS Loan Voucher. Many members get confused and ask:
👉 “Can I use this voucher to claim my loan proceeds?”

If you’ve recently applied for a salary loan and saw the loan voucher online, this article will explain what it really means, how it works, and whether you need to use it to claim your loan.

💡 What Is an SSS Loan Voucher?

An SSS Loan Voucher is an official record issued by the Social Security System (SSS) after your salary loan is approved.
It summarizes the key details of your loan, including:

Approved loan amount
Service charge
Pro-rated interest
Net proceeds (the actual amount credited to you)
Date of approval
Payment schedule and monthly amortization

Think of it as your receipt and confirmation that your SSS Salary Loan has been approved and processed.

However, it’s not a withdrawal slip or a claim form — meaning you can’t use it to manually claim cash at the bank or SSS branch.

🏦 Can I Use My SSS Loan Voucher to Claim My Loan Proceeds?

✘ No — the voucher is not for claiming your loan.

The loan proceeds are automatically credited to your registered UMID-ATM savings account or your enrolled bank account under the Disbursement Account Enrollment Module (DAEM) in your My.SSS account.

This means:

You don’t need to go to the SSS office to claim your loan.
You don’t present the voucher to the bank teller.
The amount is automatically transferred once approved.

So, even though the voucher shows your approved loan details, it’s not the tool to receive the money — it’s only a record of the transaction.

🧾 When Do You Need the SSS Loan Voucher?

Although you don’t use it to claim your funds, there are times when printing or keeping a copy of your SSS Loan Voucher is useful or even necessary.

✅ You should keep or print your SSS Loan Voucher when:

For personal record-keeping – it helps you track your loan amount, deductions, and repayment schedule.
When required by your employer’s HR – some employers ask for a copy to ensure your amortizations are properly deducted.
When applying for loan renewal – you’ll need your old voucher to reference your previous loan details.
If other agencies require proof – for example, if you’re processing government documents or employment verification.
For accounting or tax documentation – some self-employed members or OFWs keep it for financial tracking.

👉 Tip: You can always download or print it anytime from your My.SSS account > E-Services > Inquiry > Loans > Salary Loan Info.

💰 How You Actually Receive Your SSS Loan

All approved SSS Salary Loans are released digitally under the SSS DAEM system. Here’s how it works:

Enroll your bank account in DAEM.
- Use a bank account under your name (BDO, BPI, Landbank, etc.).
- Joint accounts are not allowed.
SSS verifies your account to ensure it matches your member record.
Once your loan is approved:
- The voucher is generated (proof of approval).
- The net proceeds are transferred to your enrolled bank within 3–5 working days.
You’ll receive a text or email notification once the amount is credited.

So instead of using the voucher to claim cash, you just need to wait for the credit confirmation.

🧮 How to Know How Much You’ll Receive

Before your loan is approved, you can estimate how much SSS will release to you using the SSS Salary Loan Calculator.

This tool helps you:

Check your estimated loanable amount based on your contributions
See interest, deductions, and monthly amortization
Understand your take-home loan proceeds

For example:
If your average salary credit (AMSC) is ₱20,000 and you qualify for a 2-month loan, your gross loan is ₱40,000.
SSS deducts:

₱400 (1% service charge)
About ₱219 (pro-rated interest)
Leaving you with roughly ₱39,381 credited to your account.

📋 Quick Review: SSS Salary Loan Key Details

Loan Type	Maximum Loanable Amount	Term	Interest	Service Charge
1-Year Loan	1 month AMSC (max ₱25,000)	12 months	8% p.a.	1% of loan
2-Year Loan	2x AMSC (max ₱50,000)	24 months	8% p.a.	1% of loan

📘 Sample Breakdown of Your SSS Loan Voucher

Here’s what the voucher typically contains:

Field	Description
Loan Control Number	Reference number for your loan
Loan Type	Salary Loan
Date of Approval	When SSS approved your loan
Loan Amount	Gross approved loan
Service Charge	1% deduction
Pro-rated Interest	Deduction for interest before 1st payment
Net Proceeds	Amount credited to your bank
Monthly Amortization	Monthly payment automatically deducted
First Due Date	When your 1st payment starts

So again, the voucher confirms approval and disbursement, not a manual claiming document.

🔁 What Happens After Receiving the Loan

Check your bank account – confirm if the loan has been credited.
Save a digital copy of the voucher for reference.
Your employer starts payroll deduction after one or two months.
You can view your amortization record under My.SSS > Inquiry > Loan Info.

If you wish, you may pay in advance or fully settle without penalties.

⚠️ Common Misunderstandings About the Loan Voucher

Myth	Truth
You must print it to claim your loan.	❌ False. The loan is automatically credited.
You can bring it to SSS to receive cash.	❌ Not allowed. No manual claiming needed.
You can use it for renewal anytime.	✅ Yes, but only as proof of your previous loan.
The voucher itself is proof of payment.	❌ No. It’s only proof of approval and release.

💡 TL;DR Summary

You cannot use the SSS Loan Voucher to claim your loan proceeds.
It’s only a confirmation document showing loan details, deductions, and the amount credited.
Your loan is automatically deposited into your enrolled bank account.
Keep a copy of the voucher for your records, renewals, or HR purposes.
You can estimate your loan amount anytime using the SSS Salary Loan Calculator.

🧠 Pro Tip:

If you haven’t enrolled a bank account yet, do it before applying for a loan. Without an approved DAEM account, your loan release will be delayed — even if your voucher is already generated.

📚 FAQs About the SSS Loan Voucher and Loan Claiming

1️⃣ Can I go to the bank with my voucher to claim the money?

No. The loan is automatically credited to your enrolled bank account — no manual claiming needed.

2️⃣ Is the SSS Loan Voucher proof that I’ll receive my money soon?

Yes. Once it appears in your My.SSS account, that means your loan has been approved and will be credited within a few days.

3️⃣ Can I print it and use it for my employer or HR?

Yes. You can print it for documentation or when your HR asks for proof of approval.

4️⃣ What if my voucher is approved but the money hasn’t entered my bank yet?

Wait 3–5 working days. If it still doesn’t appear, contact SSS or your bank to check the DAEM enrollment.

5️⃣ Can I use the voucher as proof for loan renewal?

Yes, it helps as supporting proof, but the system automatically tracks your loan history anyway.

Can I Use the SSS Loan Voucher to Claim My Loan Proceeds?