How Long Does It Take for SSS Salary Loan to Be Credited?
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How Long Does It Take for SSS Salary Loan to Be Credited?
If you’ve recently applied for an SSS Salary Loan, you’re probably asking the same question many members do: “Gaano katagal bago pumasok ang SSS Salary Loan sa account?”
The waiting game can be nerve-wracking, especially if you need the money for urgent bills, tuition, or emergency expenses. In this article, we’ll break down exactly how long the SSS Salary Loan takes to be credited, what factors affect the processing time, and what you can do to make it faster — all explained in simple, practical terms.
🏦 What Is an SSS Salary Loan?
The SSS Salary Loan is a cash benefit offered by the Social Security System (SSS) to its members. It’s designed to help you cover short-term financial needs — like school expenses, home repairs, or emergencies — and is payable in monthly installments.
Here’s how it basically works:
You borrow an amount based on your Average Monthly Salary Credit (AMSC).
The loan earns 8% interest per year on a diminishing balance.
You pay it back in 12 or 24 monthly installments, depending on the loan term.
The payment is automatically deducted from your salary (if employed) or can be paid directly if you’re self-employed or voluntary.
💡 How Long Does It Take for the SSS Salary Loan to Be Credited?
Typical Processing Time
The SSS Salary Loan is usually credited within 3 to 5 working days after approval — if your bank or disbursement account is already enrolled and verified through Disbursement Account Enrollment Module (DAEM).
Here’s what usually happens:
Step
Process
Estimated Time
1
Loan Application (Online via My.SSS or Employer)
Instantly submitted
2
Employer Certification (for employed members)
1–2 working days
3
SSS Processing & Approval
1–2 working days
4
Fund Disbursement to Bank/UMID Account
1–3 working days
👉 Total estimated time: 3 to 7 working days, depending on your employer’s speed and SSS queue volume.
⚠️ Common Reasons for Delay
If your SSS loan is taking longer than a week, check these possible reasons:
Unverified Bank Account in DAEM You must have an approved and active disbursement account (e.g., PESONet-accredited bank, UnionBank QuickCard, or UMID-ATM). If it’s still “Pending for Verification,” SSS won’t release the loan.
Employer Hasn’t Certified Your Application For employed members, your employer must approve your loan request through their My.SSS account. Until they do, the loan remains “For Employer Certification.”
System Downtime or Queuing Delay During peak periods (like holidays or benefit releases), SSS processing can take a bit longer.
Incorrect Bank Details Any mismatch between your SSS record and bank details can delay disbursement.
💳 Where Will the Loan Be Credited?
The SSS Salary Loan is directly credited to your registered disbursement account under DAEM. Acceptable options include:
PESONet-accredited bank accounts
UnionBank QuickCard
UMID-ATM card (activated through UnionBank or UBP kiosk)
You’ll get a text or email notification once the loan is credited.
📅 When Does the First Payment Start?
Many borrowers assume the payment starts right away — but actually, your first amortization begins on the second month after approval.
Let’s say your ₱20,000 loan was approved on March 12, 2025:
SSS charges pro-rated interest for March 12 to March 31 (20 days) + the full month of April (30 days).
That’s 50 days total × ₱4.38/day = ₱219.18 in pro-rated interest.
This is deducted upfront from your approved loan amount.
Your first payment starts in May 2025.
So if you expected ₱20,000 but received ₱19,780.82, that’s normal — the difference is due to the 1% service charge and pro-rated interest deduction.
This tool helps you plan your budget before applying — especially useful if you’re on maternity leave or managing family expenses.
💬 TL;DR — Summary
If you’re wondering how long before your SSS Salary Loan is credited, here’s a quick recap:
Processing Time: 3–7 working days after approval
Where It’s Credited: Your enrolled bank or UMID-ATM account
First Payment: Starts two months after approval
Deduction on Release: 1% service charge + pro-rated interest
Pro Tip: Make sure your DAEM account is verified before applying to avoid delays
❓FAQs — Common Questions About SSS Salary Loan Crediting
1. How do I know if my SSS Salary Loan is approved?
You can check your My.SSS account → E-Services → Inquiry → Loans Info. Look for “Approved” or “For Disbursement” status.
2. What if my bank account is still pending verification?
The loan won’t be released until your disbursement account shows “Approved” under DAEM. Contact your bank or update your DAEM info.
3. Can I receive my loan through GCash or PayMaya?
Currently, SSS disburses only to PESONet-accredited banks or UMID-ATM cards.
4. How long does UnionBank or UMID credit take?
Usually 1–2 working days after SSS releases the loan. PESONet banks may take up to 3 working days.
5. Can I reapply for another loan while my first one is active?
You can renew your salary loan once you’ve paid at least 50% of the original principal and at least 12 months have passed since approval.
✅ Final Thoughts
Getting your SSS Salary Loan credited doesn’t have to be stressful. As long as your DAEM account is active, employer certification is completed, and your records are updated, you can expect your funds in as fast as 3 to 5 working days.
Before applying, take a few minutes to compute your expected amount using the 👉 SSS Salary Loan Calculator so you’ll know exactly what to expect in your account.
