What “SSS Salary Loan Has Been Granted” Really Means — A Complete Guide
If you recently applied for an SSS Salary Loan online and saw the status “Has Been Granted”, congratulations — your loan has been approved and processed by the Social Security System (SSS)!
But what exactly does “granted” mean? When will you receive the money? How can you check if it’s already credited to your bank or UMID card?
This guide explains everything you need to know — from what “granted” means, how SSS disburses funds, how long it takes, and what to do next after approval.
🧾 What Does “SSS Salary Loan Has Been Granted” Mean?
When you see the message “SSS Salary Loan Has Been Granted” on your My.SSS account or receive it via email or text, it means your loan has passed all approval stages and has been officially released by SSS.
In other words, the amount is already for disbursement — either through your UMID-ATM card or your registered PESONet bank account.
Here’s what happens step-by-step before you reach the “granted” status:
✅ You submitted the online loan application through your My.SSS account.
🏢 Your employer certified your loan request (if you’re employed).
🧮 SSS verified your eligibility — your posted contributions, any existing loans, and account details.
💰 SSS approved and released the loan, marking it as “Granted.”
At this stage, you’re just waiting for the actual crediting of funds to your account, which usually takes 1 to 3 working days for PESONet banks or within 24 hours for UMID-ATM accounts.
💡 Example: Timeline of an SSS Salary Loan from Application to Grant
Step
Status on My.SSS
Estimated Time
1
Submitted
Day 1
2
Employer Certification
1–3 working days
3
SSS Processing
2–5 working days
4
Granted
Approval done
5
Credited to Bank
1–3 working days after “Granted”
So, if your loan was granted on a Friday, expect to receive the funds by Monday or Tuesday (depending on your bank’s PESONet processing time).
💳 How Will You Receive Your SSS Salary Loan?
The disbursement method depends on what you selected during your application:
Option 1: Through Your UMID-ATM Card
If your UMID card is enrolled as an ATM, the funds are automatically credited once the loan is granted.
Processing time: Same day or next banking day
Bank: UnionBank (for UMID-linked accounts)
💡 Tip: You can check your balance via any UnionBank ATM to confirm the credit.
Option 2: Through PESONet Bank Account
If you used a PESONet bank account, SSS will transfer the amount directly to that account.
Processing time: 1–3 working days
Make sure your bank is PESONet-accredited and your account name matches your SSS name exactly.
Common issues occur when:
The account is not PESONet-compatible
The name mismatches SSS records
The bank is under system maintenance
If any of these happen, the crediting may be delayed or returned to SSS for reprocessing.
💰 How Much Will You Actually Receive After Approval?
When your SSS Salary Loan is granted, the full loan amount is not always equal to what you receive — because of deductions like service charge and pro-rated interest.
Computation Example:
Let’s say you were approved for a ₱20,000 loan.
Description
Rate/Amount
Computation
Deduction
Approved Loan
₱20,000
—
—
Service Charge
1%
₱20,000 × 0.01
₱200
Pro-rated Interest
8% annual (approx. 1 month)
₱20,000 × 0.08 ÷ 12
₱133
Net Amount Received
—
₱20,000 – ₱333
₱19,667
So if your status says “Granted ₱20,000”, you’ll likely receive around ₱19,600+ depending on the date of approval.
You can easily verify your estimated net proceeds using the SSS Salary Loan Calculator to see your take-home amount, interest, and monthly amortization.
🧮 How Is the SSS Salary Loan Computed?
The loan computation follows SSS’s official rules:
Loanable Amount:
1-year loan = one (1) month of your Average Monthly Salary Credit (AMSC)
2-year loan = two (2) times your AMSC
Subject to a maximum of ₱25,000 (1-year) or ₱50,000 (2-year)
Interest Rate:
8% per annum (based on diminishing balance)
Service Charge:
1% of the approved loan amount
Repayment:
24 months (2-year loan)
12 months (1-year loan)
Late Penalty:
1% per month for missed amortizations
SSS Salary Loan Amortization Table (₱20,000 for 24 Months)
Month
Beginning Balance
Interest (0.67%)
Principal
Monthly Amortization
Ending Balance
1
₱20,000.00
₱133.33
₱771.38
₱904.71
₱19,228.62
2
₱19,228.62
₱128.24
₱776.47
₱904.71
₱18,452.15
3
₱18,452.15
₱123.01
₱781.70
₱904.71
₱17,670.45
4
₱17,670.45
₱117.80
₱786.91
₱904.71
₱16,883.54
5
₱16,883.54
₱112.56
₱792.15
₱904.71
₱16,091.39
6
₱16,091.39
₱107.28
₱797.43
₱904.71
₱15,293.96
7
₱15,293.96
₱101.96
₱802.75
₱904.71
₱14,491.21
8
₱14,491.21
₱96.61
₱808.10
₱904.71
₱13,683.11
9
₱13,683.11
₱91.22
₱813.49
₱904.71
₱12,869.62
10
₱12,869.62
₱85.80
₱818.91
₱904.71
₱12,050.71
11
₱12,050.71
₱80.34
₱824.37
₱904.71
₱11,226.34
12
₱11,226.34
₱74.84
₱829.87
₱904.71
₱10,396.47
13
₱10,396.47
₱69.31
₱835.40
₱904.71
₱9,561.07
14
₱9,561.07
₱63.74
₱840.97
₱904.71
₱8,720.10
15
₱8,720.10
₱58.13
₱846.58
₱904.71
₱7,873.52
16
₱7,873.52
₱52.49
₱852.22
₱904.71
₱7,021.30
17
₱7,021.30
₱46.81
₱857.90
₱904.71
₱6,163.40
18
₱6,163.40
₱41.09
₱863.62
₱904.71
₱5,299.78
19
₱5,299.78
₱35.33
₱869.38
₱904.71
₱4,430.40
20
₱4,430.40
₱29.54
₱875.17
₱904.71
₱3,555.23
21
₱3,555.23
₱23.70
₱880.99
₱904.71
₱2,674.24
22
₱2,674.24
₱17.83
₱886.88
₱904.71
₱1,787.36
23
₱1,787.36
₱11.92
₱892.79
₱904.71
₱894.57
24
₱894.57
₱5.96
₱898.75
₱904.71
₱0.00
💰 Summary of Loan Costs
Description
Amount
Loan Amount
₱20,000.00
Service Fee (1%)
₱200.00
Pro-Rated Interest (March–April example)
₱133.33
Total Interest (24 months)
₱712.99
Total Payment
₱21,712.99
Net Loan Proceeds
₱19,666.67
✅ Key Notes
Monthly payment is automatically deducted from your employer and remitted to SSS.
You may pay in advance or fully settle without penalty.
Late payments incur 1% per month penalty.
If you default, SSS may deduct the balance from your future benefits or salary loans.
Always verify actual figures through the official SSS Salary Loan Calculator for updated and personalized computation.
This table shows how the interest decreases monthly as the principal balance goes down — that’s what “diminishing balance” means.
⚙️ What to Do After Your Loan Has Been Granted
Here’s what you should do next once you see “SSS Salary Loan Has Been Granted”:
Wait for fund crediting
1 to 3 days for PESONet banks
24 hours for UMID-ATM cards
Check your bank account or UMID-ATM
Look for a deposit that matches your expected net loan amount
Save your disbursement notice
SSS sends this to your registered email
Note your first payment date
Usually two months after the month of approval
Track deductions
If employed, amortizations will be auto-deducted from your salary
🚫 Why Your Loan May Be Delayed Even After “Granted”
Sometimes, even after your loan is marked “granted,” the money doesn’t show up right away. Here are the common reasons:
⚠️ Incorrect bank details – The name or number doesn’t match your SSS profile.
🏦 Bank is not part of PESONet – Make sure your bank is in the SSS list.
🧾 Employer certification delay – Even if SSS grants the loan, employer remittance or validation may lag.
🔁 System update or holiday – Non-working days can delay posting.
💡 Tip: If it’s been more than 5 working days, contact SSS via the official hotline or visit the nearest branch to verify your disbursement record.
📅 When Will You Start Paying Your SSS Loan?
The first amortization begins on the second month after loan approval.
✅ Example: If your loan was granted on March 20, your first payment will start in May (April being the “pro-rated” month).
This delay ensures you have enough time before deductions begin — especially useful for members recovering from maternity leave or those adjusting to new work arrangements.
🧠 Quick Recap (TL;DR)
“SSS Salary Loan Has Been Granted” = Your loan is approved and ready for disbursement.
Funds are credited to your UMID-ATM or PESONet bank within 1–3 days.
Net amount = Approved loan minus 1% service charge and small pro-rated interest.
Monthly amortization begins two months after approval.
1. How long after “Granted” will I receive my SSS Salary Loan? Usually within 1–3 working days, depending on your bank’s PESONet schedule.
2. What does “granted” mean in SSS terms? It means your loan has been approved, processed, and released for crediting to your registered account.
3. Can I still cancel my loan after it has been granted? No, once it’s granted, it’s considered released and subject to repayment terms.
4. How can I check if my loan is already credited? Log in to your bank account or check your UMID-ATM balance. You can also see the disbursement record in your My.SSS account.
5. What if I didn’t receive the money after 5 days? Contact your SSS branch or the SSS hotline (SSS Call Center) to verify if the disbursement was returned or delayed.
✨ Final Thoughts
When your SSS Salary Loan has been granted, it’s a positive sign — it means SSS has approved your financial relief request. All that’s left is the actual crediting of your funds.
To understand how much you’ll receive and how your payments are computed, don’t forget to try the SSS Salary Loan Calculator to plan your budget smartly.
