Everything You Need to Know About the SSS Salary Loan Policy
Kung kailangan mo ng extra cash ngayon — para sa tuition, emergency, o panggastos habang on leave — makakatulong ang SSS Salary Loan.
Pero paano ba ito talaga gumagana? Gaano kalaki ang puwede mong hiramin? At ano ang mga patakaran ngayong 2025?
This updated guide will help you understand the full SSS Salary Loan policy — from eligibility, computation, repayment, to common mistakes to avoid.
🧾 What Is the SSS Salary Loan?
The SSS Salary Loan is a short-term cash loan offered by the Social Security System (SSS) to help employed, self-employed, or voluntary members with urgent financial needs.
It’s payable in 12 to 24 months, and the loan amount depends on your Monthly Salary Credit (MSC) and your total number of posted contributions.
In short, mas marami kang contributions = mas malaki ang puwede mong hiramin.
💡 Why It Matters
Many Filipinos use their salary loan to cover:
- Hospital bills or family emergencies
- School tuition or back-to-school expenses
- Baby-related costs (especially for new moms on maternity leave)
- Small home repairs or personal investments
Because SSS offers lower interest (8% per year) compared to most lenders, it’s often the most affordable option available for regular members.
⚙️ SSS Salary Loan Policy Overview (2025)
Here’s a quick breakdown of the main loan rules and conditions:
| Policy | Details |
|---|---|
| Interest Rate | 8% per annum based on diminishing balance |
| Loan Terms | 12 months (1-year loan) or 24 months (2-year loan) |
| Service Charge | 1% of the approved loan amount |
| Pro-rated Interest | Charged upfront from approval date up to the end of the next month |
| Late Payment Penalty | 1% per month on overdue amortization |
| Loan Renewal | Allowed after at least 50% of principal has been paid |
| Early Payment | Allowed anytime without penalty |
| Default Policy | Deducted from future SSS benefits if unpaid |
🧍 Who Can Apply for an SSS Salary Loan?
✅ Eligibility Requirements
You can apply if you meet the following:
- You are an active SSS member (employed, self-employed, voluntary, or OFW).
- You have at least 36 posted contributions for a 1-year loan, or 72 posted contributions for a 2-year loan.
- You have 6 contributions within the last 12 months before applying.
- Your employer is updated with remittances (for employed members).
- You have no outstanding or delinquent SSS loans (e.g., Calamity Loan, old Salary Loan).
- You have a My.SSS online account.
📋 How to Apply for SSS Salary Loan Online (Step-by-Step)
Applying is now fully digital — no need to visit the branch. Just follow these:
Step 1: Log in to your My.SSS account
Go to www.sss.gov.ph and log in with your credentials.
If you don’t have an account yet, click “Register” and provide your CRN or SSS number.
Step 2: Go to “E-Services”
From the dashboard, click “Apply for Salary Loan.”
Step 3: Choose your loan type
Select 1-month or 2-month loan depending on your eligibility.
Step 4: Confirm your employment and bank details
Make sure your bank account (Disbursement Account Enrollment Module) is active and approved by SSS.
Step 5: Review the computation and submit
Once confirmed, click “Submit”.
You’ll receive a confirmation email and your employer will also be notified for certification.
💰 How Much Can You Borrow?
The loanable amount is based on your Average Monthly Salary Credit (AMSC).
| Loan Type | Required Contributions | Loan Amount | Loan Term |
|---|---|---|---|
| 1-Year Loan | 36 total contributions (6 in last 12 months) | 1 × AMSC (max ₱25,000) | 12 months |
| 2-Year Loan | 72 total contributions (6 in last 12 months) | 2 × AMSC (max ₱50,000) | 24 months |
Example:
If your AMSC is ₱20,000, you can borrow up to:
- ₱20,000 for 1-year loan
- ₱40,000 for 2-year loan
📊 Compute Your Salary Loan Instantly
Before you apply, it’s best to check how much you’ll really receive after interest and charges.
Use this tool:
👉 SSS Salary Loan Calculator
This calculator shows your:
- Net loan amount after 1% service charge
- Estimated monthly amortization
- Total interest cost
- Full payment schedule
💡 Tip: The calculator is updated with the 8% interest rate and 24-month repayment policy.
🧮 Example Computation
Let’s say your 2-year loan is ₱40,000.
| Description | Computation | Result |
|---|---|---|
| Loan Amount | ₱40,000 | — |
| Service Charge (1%) | ₱40,000 × 0.01 | ₱400 |
| Net Proceeds | ₱39,600 | — |
| Monthly Interest | 8% ÷ 12 | 0.67% |
| Monthly Amortization | Approx. ₱1,816 | — |
| Total Payment (24 mos) | ₱43,584 | — |
If your loan is approved mid-month, SSS may also charge a pro-rated interest (about ₱120–₱200) to cover the extra days before regular amortization starts.
📆 How and When to Pay
- For employed members: Salary deduction is automatic. Your employer must remit payments monthly.
- For voluntary/self-employed: Pay via SSS partner banks, GCash, Maya, or the SSS Mobile App.
- Due date: Last day of the month following your loan month (e.g., approved March → first payment due May 31).
Late payments incur 1% penalty per month, so always pay on time.
🔁 Can You Renew Your SSS Salary Loan?
Yes — after paying at least 50% of the original principal and at least 12 months have passed.
When you renew:
- The old loan balance (including interest) will be deducted from your new loan proceeds.
- The new loan term starts fresh (12 or 24 months).
🚨 Common Reasons for Salary Loan Disapproval
If your application didn’t push through, check these:
- ❌ Employer not updated in contribution payments
- ❌ You don’t meet the required number of contributions
- ❌ Bank account not enrolled in DAEM
- ❌ You have an existing unpaid SSS loan
- ❌ Incorrect personal details or mismatched names
Before reapplying, make sure all issues are fixed in your SSS profile.
🧭 SSS Loan Policy Updates to Remember (2025)
- Online-only processing — No more over-the-counter filing for employed members.
- Mandatory DAEM enrollment — You must have an approved bank account.
- Pro-rated interest — Always included in the initial computation.
- No co-borrowers needed — The loan is guaranteed by your SSS record.
- Renewal stricter checks — Prior penalties may affect approval speed.
💡 TL;DR Summary
- ✅ You can apply for an SSS Salary Loan if you have 36–72 posted contributions.
- ✅ Interest rate is 8% per annum, payable in 12–24 months.
- ✅ 1% service charge is automatically deducted.
- ✅ Apply via your My.SSS account online.
- ✅ Check your expected loan amount using the SSS Salary Loan Calculator before filing.
❓ Frequently Asked Questions (FAQs)
1. Can I apply for a salary loan while on maternity leave?
Yes, as long as you’re still an active SSS member with updated contributions and employer certification.
2. How long does SSS salary loan approval take?
Usually 3 to 7 working days, depending on employer certification and bank validation.
3. Can I pay my salary loan in full before 24 months?
Yes. Early payment has no penalty — it even reduces your total interest.
4. What happens if I lose my job during repayment?
You can continue paying voluntarily through SSS partner channels or your online app.
5. Can I apply again even if I still have an existing loan?
Only if you’ve paid at least 50% of the original loan and your old balance will be deducted upon renewal.
🏁 Final Thoughts
The SSS Salary Loan remains one of the most accessible, low-interest financial aids for members — especially in times of emergency.
Understanding the policy, computation, and repayment terms helps you avoid surprises and manage your finances better.
Before you file, always check your eligibility and estimate your take-home amount using the 👉 SSS Salary Loan Calculator.
