If you’ve recently taken out an SSS Salary Loan, the next step is ensuring timely repayment to avoid penalties and preserve your future loan eligibility. Here’s everything you need to know about paying your SSS Salary Loan.
📅 When Does Repayment Start?
The repayment period starts on the 2nd month following the date of the loan. For example:
If your loan was approved and released in January, your first amortization will be due by March.
💳 How Do I Pay the SSS Salary Loan?
1. If You’re Employed
Your employer is responsible for deducting the monthly amortization from your salary and remitting it to SSS.
📝 Employer should:
Use the SSS Loan Payment Form (ML-1).
Ensure correct posting to the Loan Payment Reference Number (PRN).
2. If You’re Self-Employed or Voluntary
You must pay directly to SSS using your Payment Reference Number (PRN).
✅ Ways to Pay:
Over-the-counter at SSS branches
Through accredited SSS payment partners, including:
Bayad Center
GCash
PayMaya
UnionBank
Security Bank
Other payment centers listed on SSS’s website
📌 Always include your PRN and correct loan type when paying to ensure it’s posted to your loan account.
🔢 Where Can I Check My Loan Balance?
You can check your remaining loan balance via:
My.SSS online account
The SSS Mobile App
By visiting the nearest SSS branch
📉 What Happens If I Miss a Payment?
Missing a payment results in:
1% monthly penalty on the unpaid principal
Accumulating interest
Potential disqualification from future loans if the delinquency continues
⚠️ Always pay on time or ahead of schedule to avoid penalties and maintain good standing with SSS.
🧮 Want to Estimate Your SSS Salary Loan?
Use our free tool to simulate your loan eligibility:
Repaying your SSS Salary Loan responsibly is crucial for maintaining your eligibility for future SSS benefits and loans. Always stay on top of your payments!
