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SSS Salary Loan Requirements

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SSS Salary Loan Requirements: How to Apply and Get Approved Fast (2025 Guide)

Need extra cash for your family, bills, or baby expenses?
Good news — if you’re an active SSS member, you can borrow money through the SSS Salary Loan.

This guide will help you understand the requirements, eligibility rules, and step-by-step process to apply online — even if it’s your first time.

💡 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 meet their financial needs.

It’s one of the most affordable loan options in the Philippines — with only 8% annual interest and flexible repayment terms of 12 or 24 months.

📋 SSS Salary Loan Requirements (2025)

Before applying, make sure you meet all the requirements below.
Here’s the complete and updated list:

1. Basic Eligibility

To qualify for an SSS Salary Loan:

  1. ✅ You must be currently employed, self-employed, or a voluntary member.
  2. ✅ You must have at least 36 posted contributions, 6 of which are within the last 12 months (for a 1-year loan).
  3. ✅ For a 2-year loan, you need at least 72 posted contributions, with 6 within the last 12 months.
  4. ✅ You must not have any unpaid or overdue SSS loans.
  5. ✅ Your employer must be updated in their contribution payments (for employed members).

2. Documentary Requirements

When applying for an SSS Salary Loan:

  1. SSS Member ID or UMID card
  2. SSS Online Account (My.SSS) – You need this for online application.
  3. Valid government-issued ID (if filing over the counter)
  4. Employer Certification (for employed members, if applying manually)
  5. Bank account enrolled in SSS Disbursement Module — usually Landbank, UnionBank, or UBP.

💻 How to Apply for an SSS Salary Loan (Step-by-Step)

Here’s a simple guide you can follow:

Step 1️⃣: Log in to your My.SSS account

  • Visit www.sss.gov.ph
  • Click Member Login and enter your username and password.

Step 2️⃣: Go to “E-Services”

  • Select Apply for Salary Loan.
  • The system will automatically check your eligibility and contributions.

Step 3️⃣: Choose your loan type

  • You can apply for a 1-year or 2-year salary loan depending on your posted contributions.

Step 4️⃣: Select your disbursement bank

  • Choose a PESONet-accredited bank where your loan will be credited.
  • Make sure it’s the same bank enrolled in your Disbursement Account.

Step 5️⃣: Review and submit

  • Double-check your loan amount, term, and details.
  • Tick “I Agree” and submit.
  • You’ll get a confirmation email from SSS once your loan is approved.

💰 How Much Can You Borrow?

Your loanable amount depends on your Average Monthly Salary Credit (AMSC).

Loan TypeRequired ContributionsMaximum Loan AmountLoan Term
1-Year LoanAt least 36 total, with 6 in the last 12 months1x AMSC (max ₱25,000)12 months
2-Year LoanAt least 72 total, with 6 in the last 12 months2x AMSC (max ₱50,000)24 months

📝 Tip: You can estimate your loan amount and monthly amortization using the
👉 SSS Salary Loan Calculator.
It helps you see how much you’ll pay monthly based on your loan term and interest rate.

📊 Example: SSS Salary Loan Amortization Table (₱20,000 Loan for 24 Months)

Here’s an example breakdown for a ₱20,000 loan over 24 months at 8% annual interest.

MonthBeginning BalanceInterest (8%)Monthly AmortizationPrincipalEnding Balance
1₱20,000.00₱133.33₱904.15₱770.82₱19,229.18
2₱19,229.18₱128.19₱904.15₱775.96₱18,453.22
3₱18,453.22₱123.02₱904.15₱781.13₱17,672.09
4₱17,672.09₱117.81₱904.15₱786.34₱16,885.75
5₱16,885.75₱112.57₱904.15₱791.58₱16,094.17
6₱16,094.17₱107.29₱904.15₱796.86₱15,297.31
7₱15,297.31₱101.98₱904.15₱802.17₱14,495.14
8₱14,495.14₱96.63₱904.15₱807.52₱13,687.62
9₱13,687.62₱91.25₱904.15₱812.90₱12,874.72
10₱12,874.72₱85.83₱904.15₱818.32₱12,056.40
11₱12,056.40₱80.38₱904.15₱823.77₱11,232.63
12₱11,232.63₱74.88₱904.15₱829.27₱10,403.36
13₱10,403.36₱69.36₱904.15₱834.79₱9,568.57
14₱9,568.57₱63.79₱904.15₱840.36₱8,728.21
15₱8,728.21₱58.19₱904.15₱845.96₱7,882.25
16₱7,882.25₱52.55₱904.15₱851.60₱7,030.65
17₱7,030.65₱46.87₱904.15₱857.28₱6,173.37
18₱6,173.37₱41.16₱904.15₱862.99₱5,310.38
19₱5,310.38₱35.40₱904.15₱868.75₱4,441.63
20₱4,441.63₱29.61₱904.15₱874.54₱3,567.09
21₱3,567.09₱23.78₱904.15₱880.37₱2,686.72
22₱2,686.72₱17.91₱904.15₱886.24₱1,800.48
23₱1,800.48₱12.00₱904.15₱892.15₱908.33
24₱908.33₱6.06₱914.39₱908.33₱0.00

🧾 Note: A 1% service charge is deducted from your approved loan upon release.

📆 How Repayment Works

  • Monthly payments are automatically deducted from your salary (if employed).
  • Self-employed or voluntary members can pay directly at SSS-accredited payment centers or via GCash, Maya, or bank partners.
  • You can pay in advance or fully settle anytime — no penalties.

⚠️ Important Reminders

  1. Late payment penalty: 1% per month of the unpaid amortization.
  2. Pro-rated interest: SSS charges interest from approval date up to the next full month before your first due date.
  3. Loan renewal: You can renew your loan once you’ve paid at least 50% of the principal.
  4. Default policy: Unpaid loans may be deducted from your future SSS benefits.

🩷 TL;DR – Quick Summary

  • ✅ Must have 36–72 contributions, 6 of which are recent.
  • ✅ Must have no overdue SSS loan.
  • ✅ Loan term: 12 or 24 months.
  • ✅ Interest: 8% per year on diminishing balance.
  • ✅ Apply online through My.SSS and receive via accredited bank.
  • 💡 Use the SSS Salary Loan Calculator to check your monthly payment before applying.

❓ FAQs About SSS Salary Loan Requirements

1. Can I apply for a salary loan while on maternity leave?
Yes. As long as your employer continues remitting your SSS contributions, you can still apply.

2. How long does SSS loan approval take?
Usually 3 to 5 working days, depending on your employer’s certification and bank enrollment.

3. Can voluntary members apply?
Yes, if they have updated contributions and meet the required number of posted payments.

4. Can I apply without a UMID card?
Yes, you can still apply online using your My.SSS account, as long as your bank is enrolled.

5. How do I check my balance or statement of account?
Log in to My.SSS, go to Inquiry → Loans → Salary Loan, to see your remaining balance and payment history.

✨ Final Thoughts

The SSS Salary Loan is one of the most practical ways to get quick cash when you need it most — with lower interest and flexible repayment terms.

Before applying, make sure you’re eligible and have the right documents ready. And don’t forget to use the SSS Salary Loan Calculator to check your estimated payments.

Kung qualified ka na — apply now and enjoy your SSS benefits to the fullest! 💪

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