How Many Days Does SSS Salary Loan Release After Approval?
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How Many Days Does SSS Salary Loan Release After Approval?
“Na-approve na ang SSS Salary Loan ko — kailan ko makukuha ang pera?” If you’ve asked this question, you’re not alone. Many SSS members get excited once they see that magical word “Approved” on their My.SSS account, but then worry when the money doesn’t arrive right away.
Don’t worry — in this post, we’ll explain exactly how long it takes for SSS to release your loan after approval, what affects the timing, and what you can do to receive your cash faster.
We’ll also show a sample loan computation and how you can check your own amortization easily using the SSS Salary Loan Calculator.
🧭 Quick Overview: What Is an SSS Salary Loan?
The SSS Salary Loan is a short-term cash loan offered to active SSS members. It’s designed to help cover urgent financial needs — like school expenses, medical bills, or even extra household costs while waiting for your next salary.
SSS bases your loan amount on your Average Monthly Salary Credit (AMSC) and your number of posted contributions.
There are two types of salary loans:
1-year loan – Up to one month of your AMSC (max ₱25,000)
2-year loan – Up to two months of your AMSC (max ₱50,000)
Interest rate is 8% per year, deducted monthly from your salary through your employer.
🗓️ So… How Many Days Does It Take for SSS to Release the Loan?
Here’s the usual timeline:
Stage
What Happens
Estimated Days
1. Loan Application Submitted
You apply through My.SSS online or via employer
Day 0
2. Employer Certification (for employed members)
Employer must certify your application in their SSS portal
Within 3–5 working days
3. SSS Approval
Once certified, SSS processes and approves your loan
1–3 working days
4. Loan Release (Credit to Account)
Loan is credited to your enrolled bank account or UMID-ATM
3–7 working days after approval
✅ In total: Most members receive the loan within 7–14 working days after applying — faster if your bank account is already enrolled and your employer quickly certifies the application.
💡 Tip: Make Sure You Have an Enrolled Bank Account
If you didn’t enroll a bank account with SSS, your loan release will be delayed. Make sure your account (usually PESONet-participating bank) is correctly registered in your My.SSS > Disbursement Account Enrollment Module (DAEM).
Example: If your loan was approved today but your DAEM status is still “Pending for Approval,” SSS won’t release the funds until that’s verified.
💰 Example: ₱20,000 Salary Loan Release and Deductions
Let’s say your ₱20,000 SSS Salary Loan was approved on March 12, 2025. You’ll notice that you won’t receive the full ₱20,000 — that’s because of service charge and pro-rated interest.
📋 Step-by-Step Breakdown
1. Service Charge: SSS deducts 1% of ₱20,000 = ₱200
2. Pro-Rated Interest: Since your loan is approved mid-March, SSS charges interest from March 12 to April 30 (total of 50 days).
Annual interest = 8% of ₱20,000 = ₱1,600
Daily interest = ₱1,600 ÷ 365 = ₱4.38/day
Interest for 50 days = ₱4.38 × 50 = ₱219.18
So total deduction = ₱200 (service charge) + ₱219.18 (interest) = ₱419.18
Compute interest and principal breakdown per month
It’s super helpful if you want to plan your budget and avoid missed payments.
🏦 How You’ll Receive the Money
Once approved, SSS releases your salary loan through PESONet, directly credited to your enrolled account.
Common banks accepted:
BPI
BDO
Metrobank
UnionBank
LandBank
GCash / Maya (if enrolled as disbursement account)
💡 Note: Make sure your bank details match your SSS records — mismatched names can cause your loan to bounce back or delay for weeks.
⚠️ Common Reasons Why SSS Loan Release Is Delayed
If you’ve been waiting for more than 7 working days, check for these common issues:
Employer hasn’t certified your application yet. → Check your My.SSS account; if “Pending Certification,” follow up with HR.
Disbursement account not approved. → Go to DAEM section to check if your bank account shows “Approved.”
Mismatch in name or bank details. → SSS only releases to exact-matched accounts.
System processing delay (especially after holidays). → SSS batch credits loans usually every 2–3 days.
Existing unpaid loan. → If you have a defaulted or overdue salary loan, your new loan won’t be released.
📆 When Does Amortization Start?
SSS gives you a “grace period.” If your loan is approved on March 12, the first monthly deduction starts in May. That means your first month (March–April) is covered by the pro-rated interest we explained earlier.
Your amortization is then divided over 24 months for a 2-year loan, or 12 months for a 1-year loan.
💡 Example Amortization Table (₱20,000 Loan, 8% Annual Interest)
Month
Beginning Balance
Payment
Interest (0.667%)
Principal
Remaining Balance
1
₱20,000.00
₱900.00
₱133.40
₱766.60
₱19,233.40
2
₱19,233.40
₱900.00
₱128.85
₱771.15
₱18,462.25
3
₱18,462.25
₱900.00
₱123.10
₱776.90
₱17,685.35
4
₱17,685.35
₱900.00
₱117.80
₱782.20
₱16,903.15
5
₱16,903.15
₱900.00
₱112.76
₱787.24
₱16,115.91
6
₱16,115.91
₱900.00
₱107.57
₱792.43
₱15,323.48
7
₱15,323.48
₱900.00
₱102.31
₱797.69
₱14,525.79
8
₱14,525.79
₱900.00
₱97.00
₱803.00
₱13,722.79
9
₱13,722.79
₱900.00
₱91.53
₱808.47
₱12,914.32
10
₱12,914.32
₱900.00
₱86.12
₱813.88
₱12,100.44
11
₱12,100.44
₱900.00
₱80.27
₱819.73
₱11,280.71
12
₱11,280.71
₱900.00
₱75.18
₱824.82
₱10,455.89
13
₱10,455.89
₱900.00
₱69.94
₱830.06
₱9,625.83
14
₱9,625.83
₱900.00
₱64.17
₱835.83
₱8,789.99
15
₱8,789.99
₱900.00
₱58.66
₱841.34
₱7,948.65
16
₱7,948.65
₱900.00
₱52.99
₱847.01
₱7,101.64
17
₱7,101.64
₱900.00
₱47.37
₱852.63
₱6,249.01
18
₱6,249.01
₱900.00
₱41.67
₱858.33
₱5,390.68
19
₱5,390.68
₱900.00
₱35.95
₱864.05
₱4,526.63
20
₱4,526.63
₱900.00
₱30.19
₱869.81
₱3,656.82
21
₱3,656.82
₱900.00
₱24.41
₱875.59
₱2,781.23
22
₱2,781.23
₱900.00
₱18.55
₱881.45
₱1,899.78
23
₱1,899.78
₱900.00
₱12.67
₱887.33
₱1,012.45
24
₱1,012.45
₱900.00
₱6.75
₱893.25
₱0.00
Monthly payment ≈ ₱900
Total paid over 24 months ≈ ₱900 × 24 = ₱21,600.00
Total interest paid ≈ ₱21,600.10 − ₱20,000 = ₱1,600.00
💡 Tips to Receive Your Loan Faster
Update your SSS online account details before applying.
Certify immediately — if you’re employed, remind your HR to approve your loan right away.
Avoid weekends and holidays when submitting applications — processing resumes the next working day.
Use an active bank account — dormant or closed accounts cause delays.
Check My.SSS regularly for status updates.
🧾 TL;DR (Summary)
SSS releases your loan within 3–7 working days after approval, once your account is verified.
Make sure your employer certifies fast and your bank account is active.
You’ll receive a little less than the approved amount due to service charge and pro-rated interest.
1. How long before I receive my SSS Salary Loan after approval?
Usually 3 to 7 working days after approval, depending on your bank and DAEM status.
2. Does SSS release loans on weekends?
No. PESONet transactions are only processed on banking days (Monday–Friday).
3. Can I cancel my SSS loan after it’s approved?
No. Once the loan is credited, cancellation isn’t allowed. You may only repay early if you change your mind.
4. What if I don’t see the money after 7 days?
Check your My.SSS account > Loan Status and DAEM section. If your status says “Released,” contact your bank.
5. What happens if my employer delays certification?
Your loan stays “Pending” until your employer approves it. Politely remind HR to certify your request in their portal.
🎯 Final Thoughts
Getting your SSS Salary Loan isn’t just about approval — it’s about timing and preparation. If your employer acts fast and your account is properly enrolled, you can get your funds in less than a week!
So next time you apply, remember these three things: ✔️ Apply online via My.SSS ✔️ Get certified fast ✔️ Use the SSS Salary Loan Calculator to plan ahead
Your SSS loan can truly help when you need it most — especially if you know exactly when and how to expect it.
