What Information Is Shown in the SSS Loan Statement?
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What Information Is Shown in the SSS Loan Statement?
Have you ever wondered what exactly appears in your SSS Loan Statement? If you’ve taken out an SSS Salary Loan, this document is one of the most important records you can access — it helps you see how much you’ve borrowed, what you’ve already paid, and how much balance you still owe.
Many members only check their statement when applying for a new loan or when a problem arises, but doing so regularly can save you from unexpected penalties or unposted payments.
In this article, we’ll break down each part of the SSS Loan Statement, explain how to read it, and show you how to access it — even while you’re still paying your loan.
🧾 What Is an SSS Loan Statement?
An SSS Loan Statement (or SSS Loan Statement of Account) is an official document that summarizes all details related to your SSS Salary Loan.
Think of it as your loan report card — it shows your payment performance, outstanding balance, and loan history.
It contains:
Your loan details (type, amount, approval, and release date)
Your payment history (monthly deductions and remittances)
Your remaining balance
Interest and penalty details (if any)
This helps both you and the SSS monitor your account accurately — especially if you plan to apply for another loan, like a Calamity Loan or Loan Renewal.
💡 Why Your SSS Loan Statement Matters
Many members overlook this document until they encounter issues like missing payments or delayed remittances. But your SSS Loan Statement plays a crucial role because:
✅ It shows your exact balance — so you know how much you still owe.
🧾 It verifies your employer’s remittances — important for employees whose deductions might not yet appear in the system.
⚠️ It alerts you to penalties or unpaid months — so you can act before interest accumulates.
🔁 It’s needed for loan renewal or verification — you can only reapply once you’ve paid at least 50% of your current loan.
📄 It serves as proof for disputes or claims — especially when your payslips show deductions but your SSS record doesn’t.
In short: this document is your proof of payment and accountability for your SSS loan.
📂 What Information Is Shown in the SSS Loan Statement?
Here’s a complete breakdown of what you’ll see when you open your statement — whether online or in printed form:
Section
Description
Member Information
Your full name, SSS number, employer name (if employed), and loan account number.
Loan Type
Specifies the type of loan you availed (e.g., Salary Loan, Calamity Loan, Restructured Loan).
Loan Amount
The total amount approved by SSS. This is before deductions like service charge and pro-rated interest.
Loan Release Date
The exact date SSS released the loan amount to your bank account or employer.
Service Charge
1% of your loan amount deducted upfront by SSS.
Pro-Rated Interest
Interest charged from approval date to the end of the following month.
Monthly Amortization
Your monthly payment amount (principal + interest).
Payment History
All recorded payments made by you or your employer, with dates and amounts.
Outstanding Balance
The remaining loan amount after all payments are applied.
Penalty/Interest
Additional charges for delayed or missed payments (1% per month).
Loan Term
Duration of your loan (12 or 24 months).
Remarks/Status
Shows if the loan is active, fully paid, overdue, or for renewal.
🏦 How to Access Your SSS Loan Statement
You can view your statement even if you’re still paying your loan. There are two easy ways:
You’ll see your active loan details and a breakdown of payments.
Click “Download Statement” to save a PDF copy.
This online version is updated regularly, though some payments may take up to 30–45 days to appear.
Option 2: Visit an SSS Branch
If you need an official copy for work or verification:
Bring your SSS ID or UMID card.
Request a Loan Statement of Account at the Member Services section.
Wait for processing (usually 15–30 minutes).
🧮 Understanding the Numbers on Your SSS Loan Statement
To help you interpret what you’re seeing, let’s break down the key figures using an example.
Example Scenario
Juan, an employee earning ₱20,000 per month, applies for a 2-year SSS Salary Loan.
Detail
Description
Loan Type
Salary Loan
Approved Amount
₱40,000 (2 × AMSC of ₱20,000)
Service Charge (1%)
₱400
Pro-Rated Interest
₱438.50 (for 50 days pre-amortization interest)
Net Loan Released
₱39,161.50
Loan Term
24 months
Interest Rate
8% per annum
Monthly Amortization
₱1,813
Regular deductions begin the month following the approval period (after the pro-rated interest coverage).
Juan’s statement will show monthly entries similar to this:
Month
Beginning Balance
Payment
Interest (0.667%)
Principal
Remaining Balance
1
₱40,000.00
₱1,800.00
₱266.80
₱1,533.20
₱38,466.80
2
₱38,466.80
₱1,800.00
₱256.51
₱1,543.49
₱36,923.31
3
₱36,923.31
₱1,800.00
₱246.36
₱1,553.64
₱35,369.67
4
₱35,369.67
₱1,800.00
₱236.22
₱1,563.78
₱33,805.89
5
₱33,805.89
₱1,800.00
₱226.06
₱1,573.94
₱32,231.95
6
₱32,231.95
₱1,800.00
₱215.89
₱1,584.11
₱30,647.84
7
₱30,647.84
₱1,800.00
₱205.72
₱1,594.28
₱29,053.56
8
₱29,053.56
₱1,800.00
₱195.56
₱1,604.44
₱27,449.12
9
₱27,449.12
₱1,800.00
₱185.29
₱1,614.71
₱25,834.41
10
₱25,834.41
₱1,800.00
₱172.81
₱1,627.19
₱24,207.22
11
₱24,207.22
₱1,800.00
₱161.18
₱1,638.82
₱22,568.40
12
₱22,568.40
₱1,800.00
₱150.20
₱1,649.80
₱20,918.60
13
₱20,918.60
₱1,800.00
₱139.59
₱1,660.41
₱19,258.19
14
₱19,258.19
₱1,800.00
₱128.45
₱1,671.55
₱17,586.64
15
₱17,586.64
₱1,800.00
₱117.35
₱1,682.65
₱15,904.00
16
₱15,904.00
₱1,800.00
₱106.09
₱1,693.91
₱14,210.09
17
₱14,210.09
₱1,800.00
₱94.80
₱1,705.20
₱12,504.89
18
₱12,504.89
₱1,800.00
₱83.42
₱1,716.58
₱10,788.31
19
₱10,788.31
₱1,800.00
₱72.00
₱1,728.00
₱9,060.31
20
₱9,060.31
₱1,800.00
₱60.44
₱1,739.56
₱7,320.75
21
₱7,320.75
₱1,800.00
₱48.83
₱1,751.17
₱5,569.58
22
₱5,569.58
₱1,800.00
₱37.15
₱1,762.85
₱3,806.73
23
₱3,806.73
₱1,800.00
₱25.40
₱1,774.60
₱2,032.13
24
₱2,032.13
₱1,800.00
₱13.55
₱1,786.45
₱0.00
Note: Values are approximate for illustration purposes.
💸 The Role of Interest, Service Charge, and Penalties
The SSS Loan Statement also reflects any additional charges, and it helps to understand what they mean:
🔹 Interest (8% per annum)
Calculated based on your remaining balance (diminishing principal). This means as your balance goes down, your interest portion decreases monthly.
🔹 Service Charge (1%)
A one-time fee deducted from your loan upon release. It helps cover administrative costs.
🔹 Pro-Rated Interest
Charged upfront for the period between loan approval and the next amortization cycle. Example:
Approved on March 12 → Interest charged from March 12 to April 30 → Regular payments start in May.
🔹 Late Payment Penalty (1% per month)
If your employer or you fail to remit on time, this penalty appears as a separate entry in your statement.
Even a short delay can add up, so checking your SSS Loan Statement monthly helps ensure payments are updated.
🔁 How the SSS Loan Statement Helps You Track Renewal Eligibility
Planning to renew your SSS Salary Loan? You’ll need your statement for that too.
Here’s what SSS requires:
You must have paid at least 50% of your current loan (including interest).
You should have no overdue balance.
Your employer must still be active and remitting contributions.
Your Loan Statement confirms all these details. Once qualified, you can reapply and the system will automatically deduct your unpaid balance from the new loan amount.
🧮 Want to Estimate Your Loan or Balance?
You can use the official SSS Salary Loan Calculator to estimate your loan amount, monthly amortization, and potential interest before applying or renewing.
This helps you plan your budget and check if the figures match what appears in your actual statement later.
🧠 TL;DR — Quick Summary
Key Info
Details
What is an SSS Loan Statement?
It’s your official record of all loan details, payments, and balances.
Can I access it while still paying?
Yes — anytime via My.SSS or at your local branch.
What info does it show?
Loan type, amount, release date, payments, balance, penalties, and status.
Why is it important?
To verify payments, monitor balance, and ensure accuracy before renewal.
1. What is the difference between a Loan Statement and a Disclosure Statement?
The Loan Statement shows your updated payments and balance, while the Disclosure Statement shows details at loan release (like interest, charges, and total obligation).
2. How often is the SSS Loan Statement updated?
Usually every 30–45 days after your employer remits the payment.
3. Can I see my loan statement if my employer hasn’t remitted yet?
Yes, but it will show only payments already received by SSS. You can verify delayed remittances through your employer or file a report at SSS.
4. Can I request a hard copy of my SSS Loan Statement?
Yes, simply visit your nearest SSS branch and request a Loan Statement of Account. Don’t forget to bring your SSS or UMID ID.
5. What if there’s an error in my statement?
Submit a Loan Payment Inquiry with proof of payment (e.g., payslips) so SSS can adjust your record.
✨ Final Thoughts
Your SSS Loan Statement is more than just a piece of paper — it’s your record of financial responsibility. By understanding what’s inside and reviewing it regularly, you can make sure every peso deducted from your salary is properly credited.
Whether you’re monitoring your loan balance, planning to renew, or verifying remittances, this document keeps you in control.
So, take a few minutes to log in to your My.SSS account, review your statement, and if you’re curious how much you could borrow next time, try the SSS Salary Loan Calculator.
Smart tracking today means a smoother borrowing experience tomorrow. 💼💰
