List of Accredited Banks for SSS Salary Loan in the Philippines (2025 Updated Guide)
If you’ve applied for an SSS Salary Loan, one of the most common questions you might ask is: 👉 “Which banks are accredited to release my loan?”
Good news — SSS has partnered with several major Philippine banks to make the process faster and more convenient. Whether you prefer over-the-counter, ATM crediting, or online disbursement, there’s a partner bank for you.
In this guide, we’ll explain how SSS Salary Loan disbursement works, list the accredited banks, and show how you can apply smoothly — plus, we’ll help you compute your loan using the SSS Salary Loan Calculator.
💡 What Is an SSS Salary Loan?
The SSS Salary Loan is a short-term cash loan offered to employed, self-employed, and voluntary members who need extra funds for emergencies or daily expenses.
It’s based on your Monthly Salary Credit (MSC) — the average of your last 12 months of contributions — and can be paid within 12 or 24 months, depending on your contribution record.
🧾 How Loan Disbursement Works
When your loan is approved, the amount isn’t released as cash over the counter. Instead, it’s credited directly to your bank account through a PESONet-accredited bank that you registered under your Disbursement Account Enrollment Module (DAEM) in your My.SSS account.
Important:
✔️ You must have an active bank account under your name. ✔️ It must be one of the SSS-accredited PESONet banks. ✔️ Joint or payroll-only accounts are not accepted.
🏦 Full List of SSS Salary Loan Accredited Banks (2025)
Below is the latest list of banks that are accredited for SSS Salary Loan disbursement through PESONet.
These banks are connected directly to the SSS Payment and Disbursement System, ensuring safe and fast crediting of your loan proceeds.
🏛️ Major Commercial Banks
BDO Unibank, Inc.
Bank of the Philippine Islands (BPI)
Metrobank (Metropolitan Bank & Trust Company)
Land Bank of the Philippines (LANDBANK)
Philippine National Bank (PNB)
Security Bank Corporation
UnionBank of the Philippines
EastWest Bank
Asia United Bank (AUB)
Chinabank
🏦 Savings and Development Banks
Robinsons Bank
Philippine Savings Bank (PSBank)
Sterling Bank of Asia
China Bank Savings
Maybank Philippines
Rizal Commercial Banking Corporation (RCBC)
RCBC Savings Bank
UCPB Savings Bank
City Savings Bank
Wealth Development Bank
🏢 Rural and Cooperative Banks (PESONet Participating)
Cebuana Lhuillier Rural Bank
One Network Bank
Bank of Makati
Queen City Development Bank
Producers Bank
BPI Direct BanKo
Rang-Ay Bank
Philippine Business Bank
PenBank (Peoples Bank of Caraga)
Camalig Bank
💳 Digital & Online Banks (Growing List)
UnionDigital Bank
Maya Bank
Tonik Digital Bank
GoTyme Bank
UNO Digital Bank
📢 Note: Digital banks are gradually being integrated into the SSS PESONet system. Always check your My.SSS account before applying to ensure your account is verified and active.
🧮 How to Compute Your SSS Salary Loan Easily
Wondering how much you can borrow or what your monthly amortization will be?
Use the SSS Salary Loan Calculator — it’s designed to show your loan amount, interest, service fee, and monthly payment instantly.
You can even toggle between 1-year or 2-year terms to see which fits your budget best.
🪜 Step-by-Step Guide: How to Apply for SSS Salary Loan Online
Step 1: Log in to your My.SSS Account
Go to the official My.SSS portal and log in using your registered email and password.
Step 2: Enroll Your Bank Account
Go to E-Services → Disbursement Account Enrollment Module (DAEM).
Select your PESONet-accredited bank.
Upload a clear photo or screenshot of your ATM card or statement showing your account name and number.
Step 3: Apply for Salary Loan
Go to E-Services → Apply for Salary Loan.
Select your loan term (1 year or 2 years).
Review your details and submit your application.
Step 4: Wait for Approval and Credit
Once approved, SSS will automatically credit the funds to your enrolled bank account within 3 to 5 working days.
📊 Example: ₱20,000 Loan Amortization (24 Months)
Here’s a detailed look at what a ₱20,000 Salary Loan might look like under 8% annual interest for 24 months:
Month
Beginning Balance
Interest (8%/12)
Monthly Amortization
Principal
Ending Balance
1
₱20,000.00
₱133.33
₱903.33
₱770.00
₱19,230.00
2
₱19,230.00
₱128.20
₱903.33
₱775.13
₱18,454.87
3
₱18,454.87
₱123.03
₱903.33
₱780.30
₱17,674.57
4
₱17,674.57
₱117.83
₱903.33
₱785.50
₱16,889.07
5
₱16,889.07
₱112.59
₱903.33
₱790.74
₱16,098.33
6
₱16,098.33
₱107.32
₱903.33
₱796.01
₱15,302.32
7
₱15,302.32
₱102.02
₱903.33
₱801.31
₱14,501.01
8
₱14,501.01
₱96.67
₱903.33
₱806.66
₱13,694.35
9
₱13,694.35
₱91.30
₱903.33
₱812.03
₱12,882.32
10
₱12,882.32
₱85.88
₱903.33
₱817.45
₱12,064.87
11
₱12,064.87
₱80.43
₱903.33
₱822.90
₱11,241.97
12
₱11,241.97
₱74.95
₱903.33
₱828.38
₱10,413.59
13
₱10,413.59
₱69.42
₱903.33
₱833.91
₱9,579.68
14
₱9,579.68
₱63.86
₱903.33
₱839.47
₱8,740.21
15
₱8,740.21
₱58.27
₱903.33
₱845.06
₱7,895.15
16
₱7,895.15
₱52.63
₱903.33
₱850.70
₱7,044.45
17
₱7,044.45
₱46.96
₱903.33
₱856.37
₱6,188.08
18
₱6,188.08
₱41.25
₱903.33
₱862.08
₱5,325.99
19
₱5,325.99
₱35.51
₱903.33
₱867.82
₱4,458.17
20
₱4,458.17
₱29.72
₱903.33
₱873.61
₱3,584.56
21
₱3,584.56
₱23.90
₱903.33
₱879.43
₱2,705.13
22
₱2,705.13
₱18.03
₱903.33
₱885.30
₱1,819.83
23
₱1,819.83
₱12.13
₱903.33
₱891.20
₱928.63
24
₱928.63
₱6.19
₱903.33
₱897.14
₱0.00
💡 Tip: Always check the calculator before applying to ensure you can handle the monthly amortization comfortably.
✅ TL;DR — Key Takeaways
You can apply for a salary loan through your My.SSS account.
The loan is credited only to accredited PESONet banks under your name.
Always ensure your contributions are updated and that you have no unpaid SSS loans.
❓ Frequently Asked Questions (FAQs)
1. Can I use a GCash or PayMaya account for my SSS Salary Loan? Only if the digital wallet is linked to a PESONet-accredited bank account (e.g., GSave linked to CIMB). Otherwise, it won’t be accepted.
2. How long does it take to receive the loan after approval? Usually 3 to 5 working days, depending on your bank’s processing schedule.
3. What if my bank account is not under my name? It will be rejected. The bank account must be under the same name registered in your SSS profile.
4. Can I change my bank after enrolling it in DAEM? Yes. You can delete your previous bank account and re-enroll a new one under DAEM in your My.SSS account.
5. What happens if I don’t have a PESONet bank account? You must open one with any of the listed SSS-accredited banks before applying for your loan.
✳️ Final Reminder:
Before applying, check your contribution record and test your eligibility using the 👉 SSS Salary Loan Calculator
It’s free, fast, and accurate — perfect for first-time applicants or returning borrowers.
