If you’re planning to apply for an SSS Salary Loan, one of the most important things to understand is the loan repayment period. Knowing how long you’ll be paying helps you budget smarter and avoid unexpected penalties.
Let’s break it down clearly.
đź“… The Repayment Term: 24 Months
The SSS Salary Loan comes with a fixed repayment term of 24 months — or exactly 2 years.
This means you’ll pay back the full loan amount in equal monthly installments over that period. Each month, you repay a portion of the loan along with interest.
đź’µ Monthly Amortization
Your monthly amortization (or payment) depends on the amount of your loan. Here’s a sample breakdown:
Loan Amount
Monthly Payment (Approx.)
Total Duration
₱10,000
~₱461
24 months
₱20,000
~₱923
24 months
₱40,000
~₱1,846
24 months
đź’ˇ Tip: Use the SSS Salary Loan Calculator to get a more accurate estimate based on your preferred loan amount.
đź•’ When Does Payment Begin?
Repayment starts on the second month following the loan release.
If your loan is released in July, your first payment is due in September.
This gives you a one-month grace period to prepare.
đź“Ś Who Pays and How?
Employed Members:
Monthly amortization is deducted directly from your salary by your employer.
Your employer is required to remit it to SSS on your behalf.
Voluntary, Self-Employed, or OFWs:
You need to pay manually every month.
Payments can be made at SSS branches or authorized partners like GCash, PayMaya, and Bayad Center.
⚠️ What Happens If You Don’t Pay?
Failing to pay your monthly loan dues will result in:
1% monthly penalty on the unpaid balance.
Accumulated interest and longer repayment time.
Possible issues in future SSS benefits or loan applications.
🧠Final Thought
So, how long do you have to pay your SSS Salary Loan? Exactly 24 months, with equal monthly payments and a one-month grace before repayment begins.
Understanding the timeline helps you plan ahead, avoid penalties, and stay on top of your finances.
Ready to calculate your repayment plan? Use the SSS Salary Loan Calculator to see how much you’ll need to pay monthly for your preferred loan amount.
