Is the SSS Loan Voucher Only for SSS Salary Loans?

When you apply for a loan through the Social Security System (SSS), you’ll notice one common thing after approval — the SSS Loan Voucher. But many members wonder: is this voucher only for the SSS Salary Loan, or does it apply to other benefits too?

Let’s break it down in simple terms.

🧾 What Is an SSS Loan Voucher?

An SSS Loan Voucher is a digital or printed document issued by the SSS once a member’s loan has been approved and released. It serves as an official proof of loan disbursement, summarizing all important details about your approved loan.

Here’s what it typically includes:

Member’s name and SSS number
Type of loan (Salary, Calamity, Educational, etc.)
Date of loan approval and release
Approved loan amount
Deductions (service fee, pro-rated interest, etc.)
Net proceeds credited to your bank account or disbursement card
Loan term and repayment start date

It acts as your official receipt and summary, confirming that SSS has released your loan and showing exactly how much you received after deductions.

💡 So, Is the SSS Loan Voucher Only for SSS Salary Loans?

No.
While the Salary Loan is the most common reason members encounter an SSS Loan Voucher, it’s not exclusive to it.

SSS issues similar vouchers for other loan-based programs, such as:

SSS Calamity Loan
SSS Emergency Loan
SSS Educational Assistance Loan
SSS Pension Loan
SSS Housing Repair and Improvement Loan

Each of these loans generates a voucher after release — with different terms, interest rates, and repayment conditions depending on the program.

However, the Salary Loan Voucher remains the most familiar because it’s the most availed loan among employed and self-employed SSS members in the Philippines.

💰 What the SSS Salary Loan Voucher Specifically Shows

When you apply for a Salary Loan, your voucher gives a clear breakdown of how the loan proceeds were computed.

Here’s an example layout:

Description	Amount (₱)
Approved Loan Amount	₱20,000.00
Service Fee (1%)	-₱200.00
Pro-Rated Interest (8% per annum)	-₱219.18
Net Proceeds	₱19,580.82

This breakdown helps you see exactly where your loan deductions went before the money was credited to your SSS UMID-ATM or PESONet bank account.

🏦 Why the SSS Loan Voucher Matters

Many members ignore the voucher, but it’s actually one of the most important loan-related documents you can have.

Here’s why:

Proof of Release – It confirms that your loan has been processed and credited to your account.
Computation Record – You can review the exact deductions and interest charged.
Repayment Guide – It states when your monthly amortization starts.
Reference for Issues – If there’s a discrepancy in credited amount, your voucher serves as your evidence.

You can also use it for future reference when applying for a loan renewal or computing your remaining balance.

🧮 How the Salary Loan Amount Is Computed

The SSS computes your loanable amount based on your Average Monthly Salary Credit (AMSC) and total posted contributions.

Here’s how it works:

Loan Type	Contribution Requirement	Maximum Loanable Amount
1-Year Loan	36 posted contributions (6 in the last 12 months)	1 month AMSC (max ₱25,000)
2-Year Loan	72 posted contributions (6 in the last 12 months)	2 × AMSC (max ₱50,000)

💡 Example:
If your AMSC is ₱15,000 and you qualify for a two-month loan, your maximum is ₱30,000. But if your company remits only ₱12,000 AMSC, the approved amount follows that figure.

📊 Calculate Your Loan Easily with the SSS Salary Loan Calculator

Before applying, it’s best to estimate your possible loan amount and amortization using the SSS Salary Loan Calculator.

It can show:

Estimated loanable amount based on your contributions
Interest and service charge deductions
Monthly amortization for 12 or 24 months
Net proceeds you’ll actually receive

This helps you plan better and avoid surprises when your voucher arrives.

⚙️ Key SSS Salary Loan Computation Rules

According to official SSS guidelines, here’s how your loan is computed and repaid:

Interest Rate: 8% per annum on a diminishing principal balance
Service Charge: 1% of approved loan
Loan Term: 12 months (1-year loan) or 24 months (2-year loan)
Repayment Start: 2nd month after loan approval
Late Payment Penalty: 1% per month of unpaid amortization
Early Repayment: Allowed anytime, no penalty
Loan Default: Unpaid balance may be deducted from future SSS benefits

📅 Understanding Pro-Rated Interest (Shown in Voucher)

When your voucher shows a small deduction labeled “Pro-Rated Interest,” that’s not an error — it’s a standard SSS rule.

Example:
If your ₱20,000 loan is approved on March 12, 2025, SSS deducts interest for:

March 12–31 (20 days)
Plus the full April (30 days)
= 50 days total interest

At 8% yearly interest:

₱20,000 × 8% ÷ 365 × 50 = ₱219.18

So ₱219.18 is deducted upfront, which is why your net proceeds are slightly lower than your approved amount.

💼 Can You Use the Voucher for Other SSS Benefits?

No, but it depends.

The voucher format is primarily used for loans, not for benefits like:

Maternity Benefit
Sickness Benefit
Unemployment Benefit
Disability Benefit
Retirement Pension

These benefits have their own disbursement notices or transaction receipts, not loan vouchers.

So while a Salary Loan Voucher proves the release of a loan, benefits are covered by different documents, usually labeled “SSS Benefit Payment Notice” or “Disbursement Advisory.”

🧍 Who Can Apply for an SSS Salary Loan (and Get a Voucher)

To be eligible:

Must be an active SSS member with updated contributions.
For 1-year loans: at least 36 posted contributions, with 6 in the last 12 months.
For 2-year loans: at least 72 posted contributions, with 6 in the last 12 months.
Currently employed, self-employed, or voluntary member.
No outstanding SSS loan or overdue balance.

Once approved, your voucher is automatically generated in your My.SSS account or emailed through your registered address.

🖨️ How to Download or View Your SSS Loan Voucher

There are three easy ways:

Through My.SSS Online Portal
- Log in at sss.gov.ph
- Go to “Inquiry” → “Loans” → “Loan Info”
- Click your approved Salary Loan → View or print the voucher.
Via Email Notification
- SSS sends an email after approval with a “Loan Voucher” PDF attachment.
At Your Employer or SSS Branch
- Employers can access vouchers for confirmation if loans were filed via the company’s SSS portal.

⚖️ Voucher vs. Disbursement: What’s the Difference?

Term	Meaning
Voucher	Proof that the loan was approved and computed correctly. Shows total deductions and net proceeds.
Disbursement	The actual transfer of funds to your bank or UMID-ATM.
Benefit Payment Notice	Used for maternity, sickness, or pension benefits. Not the same as a loan voucher.

🔁 Can You Get a New Voucher for a Loan Renewal?

Yes. Every new loan or loan renewal generates a new voucher.
Even if you’ve had previous loans, the voucher will always reflect your latest loan details, including any remaining balance deductions from your prior loan.

🧾 TL;DR — Quick Summary

The SSS Loan Voucher is not only for Salary Loans — it applies to any loan released by SSS.
It serves as your official proof that your loan was processed, computed, and credited.
Benefits like maternity or sickness claims do not use vouchers — they use different payment notices.
Always download and keep a copy of your voucher for reference or dispute resolution.
You can estimate your Salary Loan using the SSS Salary Loan Calculator before applying.

❓ Frequently Asked Questions (FAQs)

1. Is the SSS Loan Voucher only for Salary Loans?
No. It’s used for any SSS loan — including calamity, pension, and educational loans.

2. How can I view my SSS Loan Voucher?
You can view it on your My.SSS online account, through email notification, or by requesting it from your employer.

3. What’s the difference between a Loan Voucher and a Disbursement Notice?
The voucher confirms loan approval and deductions; the disbursement notice shows the actual release of funds.

4. Why is the net amount in my voucher lower than the approved amount?
Because of deductions like the 1% service charge and pro-rated interest.

5. Can I still get my voucher if I lost the email?
Yes. Simply log in to your My.SSS account and re-download it under the “Loans” section.

✨ Final Thoughts

The SSS Loan Voucher is your official record of a released loan — not just for salary loans but for any SSS lending program. Whether you applied for a calamity loan, educational loan, or salary loan, the voucher serves the same purpose: proof that your money has been properly computed and credited.

So next time you see “SSS Loan Voucher,” don’t ignore it — download and save a copy for your records. It’s your best defense and reference for any loan-related inquiry with the SSS.