If you recently applied for an SSS Salary Loan, you’ve probably seen something called an SSS Loan Voucher — either in your email, your My.SSS account, or the downloaded PDF from the SSS website.
Many members wonder:
“Ano ba talaga ang SSS Loan Voucher? Para saan ito at paano ito ginagamit?”
In this article, we’ll explain everything about the SSS Loan Voucher, how it fits in the salary loan process, what details it contains, and what to check before claiming or using it. You’ll also learn how to compute your loan amount, interest, and deductions accurately using the official SSS Salary Loan Calculator.
đź’ˇ What Exactly Is an SSS Loan Voucher?
An SSS Loan Voucher is an official document issued by the Social Security System (SSS) after your salary loan application is approved.
Think of it as your loan receipt and record of disbursement — it confirms:
That your loan has been approved,
The amount released to you,
The deductions made (like service charge and interest), and
The date of crediting to your bank or UMID-ATM.
It’s usually available in PDF format under your My.SSS account, and you may also receive a copy via email.
The voucher acts as a final summary of your loan transaction, similar to a payslip but specifically for your SSS loan.
🧾 What Details Can You Find in the SSS Loan Voucher?
Your loan voucher contains several important details that you should check before spending your credited amount. Here’s what’s typically included:
Section
Description
Member Name and SS Number
Your personal details as registered in SSS.
Loan Type
“Salary Loan” or “Renewal of Salary Loan.”
Date Approved
The date your loan was officially approved by SSS.
Principal Amount
The full loan amount before deductions.
Service Charge (1%)
Deducted upfront by SSS as a processing fee.
Pro-rated Interest
Interest charged for the days between approval and the start of your first amortization.
Net Proceeds
The actual amount credited to your account (after deductions).
Disbursement Channel
Usually your UMID-ATM or PESONet-registered bank account.
đź“Ś Tip: Always verify that the bank name and account number on your voucher are correct before expecting your loan credit.
🧍‍♀️ Who Can Receive an SSS Loan Voucher?
You will only receive an SSS Loan Voucher once your loan is approved and released. This means you must first meet the eligibility and contribution requirements.
🟢 Eligibility Requirements for SSS Salary Loan
Loan Type
Minimum Contributions
Within the Last 12 Months
Loanable Amount
1-Year Loan
36 months
6 months
1 Month of AMSC (up to ₱25,000)
2-Year Loan
72 months
6 months
2 Months of AMSC (up to ₱50,000)
Other conditions:
You must be currently employed, self-employed, or voluntary with updated payments.
You must have no existing overdue loan.
Employer must be actively remitting contributions to SSS.
đź’° How the SSS Salary Loan Works
When you apply for a salary loan, SSS reviews your contribution history to compute your Average Monthly Salary Credit (AMSC). The AMSC serves as the basis for how much you can borrow.
Example:
If your AMSC is ₱12,000:
You can borrow ₱12,000 for a 1-year loan, or
₱24,000 for a 2-year loan, subject to SSS cap (₱25,000 and ₱50,000 maximum respectively).
A 1% service charge and pro-rated interest will be deducted before release, and you’ll receive the remaining amount in your bank account.
Once approved, your loan voucher summarizes all these computations.
🧮 Understanding the Computation Inside the Loan Voucher
The loan voucher helps you double-check the numbers. Let’s decode a sample:
Computation Example (2-Year Loan)
Amount (₱)
Approved Loan Amount
20,000.00
Service Charge (1%)
-200.00
Pro-Rated Interest (approx. 50 days @ 8% p.a.)
-219.18
Net Proceeds
₱19,580.82
So if your loan was approved on March 12, 2025, you’ll receive ₱19,580.82 instead of ₱20,000 because of the upfront deductions.
Your amortization (monthly payment) will then start in May 2025 and continue for 24 months.
🔢 Want to Know How Much You Can Borrow?
Instead of guessing, you can use the official online tool to estimate your loan amount, deductions, and monthly payments.
If you notice any of these, contact SSS through My.SSS or visit your nearest branch immediately. Do not attempt to re-apply while your current loan is under investigation or correction.
👶 Can I Get an SSS Loan Voucher During Maternity Leave?
Yes — as long as you’re actively employed or paying as voluntary/self-employed, you can apply and receive your SSS Loan Voucher even while on maternity leave.
However, your employer should still be remitting contributions for the latest months before your application.
If you’re on maternity leave without pay, confirm with your HR that contributions remain updated so you stay eligible.
🧠TL;DR – Quick Summary
Topic
Key Details
What is SSS Loan Voucher?
It’s an official document showing your approved loan details and release amount.
When do you get it?
After SSS approves and disburses your salary loan.
It serves as proof of loan approval, deductions, and crediting.
Who can apply for a loan?
Employed, self-employed, or voluntary members with updated contributions and no overdue loans.
âť“ FAQs About SSS Loan Voucher
1. What is the purpose of the SSS Loan Voucher?
It confirms your loan approval, release, and deductions — serving as your official record from SSS.
2. When will I receive my SSS Loan Voucher?
Usually within 1–3 days after loan approval, once the funds are credited to your bank or UMID-ATM.
3. Can I reapply for a salary loan if I still have an existing one?
Yes, but only after paying at least 50% of your current loan principal.
4. What if I lost my copy of the voucher?
You can redownload it anytime through your My.SSS account under your loan transaction history.
5. Is the loan voucher the same as the loan check?
No. The voucher is proof of approval and release, while the check or bank credit is the actual disbursement of funds.
6. Can I still get a voucher if my loan was rejected?
No. The voucher is issued only upon approval and release of your loan.
✨ Final Thoughts
Your SSS Loan Voucher is more than just a confirmation slip — it’s your financial document proving that your salary loan has been approved, computed correctly, and credited to your account.
Whether you’re planning for emergency expenses, tuition, or household needs, make sure to:
