A Beginner-Friendly Guide to Your First SSS Salary Loan (2025)
The Social Security System (SSS) offers a salary loan to qualified members who need quick financial assistance. Whether you’re employed, self-employed, or a voluntary member, your first SSS loan is a helpful option to cover urgent expenses.
So, how much exactly can you get on your first SSS loan?
Let’s break it down.
đź“Ś What is the SSS Salary Loan?
The SSS Salary Loan is a short-term cash loan granted to currently paying members to meet their immediate financial needs. It’s payable in 24 monthly instalments with an interest rate of 10% per annum based on the diminishing principal balance.
🟢 How Much is the First SSS Salary Loan?
Your first loan amount depends on your Monthly Salary Credit (MSC) and the number of posted contributions. Here’s the basic rule:
âś… You may qualify for:
Type of Loan
Requirements
Loan Amount
One-month loan
At least 36 posted monthly contributions, with 6 in the last 12 months
Equivalent to your average MSC
Two-month loan
At least 72 posted contributions, with 6 in the last 12 months
2 Ă— your average MSC
đź“Ś Most first-time borrowers qualify for a one-month loan.
🧮 Sample Calculation – First Loan
Let’s say you’re a new member with 40 posted contributions and an average MSC of ₱8,000.
You qualify for a one-month loan
First loan amount = ₱8,000
Monthly repayment = Around ₱370–₱400 for 24 months
(Note: Loan proceeds will be reduced by an advance interest, service fee, and any outstanding SSS obligations.)
đź“ť Who Can Avail the SSS Salary Loan?
To qualify for your first salary loan, you must:
Be under 65 years old
Have at least 36 monthly contributions (with 6 posted in the last 12 months)
Have not been granted final benefits (e.g., retirement, death)
Be currently paying contributions
Not be disqualified due to fraud or default
đź’ˇ Other Things to Know
The loan will be deducted automatically from your salary if you’re employed
Self-employed/voluntary members pay via SSS-accredited partners
You can reloan after you’ve paid at least 50% of the original principal, and your account is updated
If you’re also expecting or planning a family, you might be eligible for the SSS Maternity Benefit, a cash allowance given to female members who are unable to work due to childbirth or miscarriage.
Your first SSS salary loan may seem small, but it’s a valuable tool—especially during emergencies. The key is to ensure that your contributions are updated and that you borrow responsibly.
Once you maintain a good loan record and your contributions increase, so will your borrowing capacity for future loans.
