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SSS Salary Loan

What Is the Monthly Amortization for the SSS Salary Loan?

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What Is the Monthly Amortization for the SSS Salary Loanⓘ?

One of the most common questions from first-time borrowers is:

“How much will I have to pay every month for my SSS Salary Loan?”

The answer depends on how much you borrow, your loan term, and the interest rate. Let’s break it down so you fully understand how the monthly amortization works — and how to estimate yours accurately.

🧮 What Is Monthly Amortization?

Monthly amortization is the fixed monthly payment you need to make to repay your SSS Salary Loan over a period of 24 months. This payment includes both:

  • Principal (the original amount you borrowed)
  • Interest (the cost of borrowing, at 8% per annum)

📊 Sample Monthly Amortization Breakdown

Here’s a sample table to help you visualize how much you might need to pay monthly:

SSS Salary Loan Monthly Amortization Table at ₱10,000.00

Date of Approval: October 15, 2025
Interest Rate: 8% per annum
Loan Term: 24 months (2 years)
Service Fee: 1% of loan amount

💰 1ï¸âƒ£ Loan Details

ItemDescriptionAmount (₱)
Gross Loan AmountApproved loan10,000.00
Service Fee (1%)Deducted by SSS100.00
Pro-rated Interest (approx.)From Oct 15–Nov 30, 2025 (47 days) before first amortization103.29
Net ProceedsAmount you actually receive9,796.71

🧮 Pro-rated Interest Formula:

₱10,000 × 8% × (47 ÷ 365) = ₱103.29

This covers:

  • From Oct 15 to Oct 31, 2025 (17 days), and
  • Nov 1 to Nov 30, 2025 (30 days)
    Because your first amortization starts December 2025 (the second month after approval).

📆 2ï¸âƒ£ Loan Payment Schedule

Your first amortization starts December 2025, payable until November 2027.

Monthly interest rate: 8% ÷ 12 = 0.6667% per month
Monthly amortization: ₱10,000 × [r(1+r)^24] / [(1+r)^24 − 1] = ₱452.91

ðŸ—“ï¸ 3ï¸âƒ£ Amortization Table

MonthPayment (₱)Interest (₱)Principal (₱)Remaining Balance (₱)
Dec 2025452.9166.67386.249,613.76
Jan 2026452.9164.09388.829,224.94
Feb 2026452.9161.50391.418,833.53
Mar 2026452.9158.89394.028,439.51
Apr 2026452.9156.26396.658,042.86
May 2026452.9153.62399.297,643.57
Jun 2026452.9150.96401.957,241.62
Jul 2026452.9148.28404.636,837.00
Aug 2026452.9145.58407.336,429.67
Sep 2026452.9142.86410.056,019.62
Oct 2026452.9140.13412.785,606.84
Nov 2026452.9137.38415.535,191.31
Dec 2026452.9134.61418.304,773.01
Jan 2027452.9131.82421.094,351.92
Feb 2027452.9129.01423.903,928.02
Mar 2027452.9126.19426.723,501.30
Apr 2027452.9123.34429.573,071.73
May 2027452.9120.48432.432,639.30
Jun 2027452.9117.60435.312,204.00
Jul 2027452.9114.69438.221,765.78
Aug 2027452.9111.77441.141,324.64
Sep 2027452.918.83444.08880.56
Oct 2027452.915.87447.04433.52
Nov 2027452.912.89450.020.00

🧮 4ï¸âƒ£ Totals

DescriptionAmount (₱)
Total Principal Paid10,000.00
Total Interest Paid869.84
Total Loan Payments (24 mos)10,869.84
Effective Interest Rate (approx.)~8% per year

ðŸ Summary

ItemAmount (₱)
Loan Granted10,000.00
Less: Service Fee (1%)100.00
Less: Pro-rated Interest103.29
Net Proceeds You Receive9,796.71
Monthly Payment (24 mos)452.91
Total Payable Over 2 Years10,869.84

💡 Key Takeaways

  • You receive ₱9,796.71, not ₱10,000, because SSS deducts the service fee and pro-rated interest upfront.
  • Your first payment is for December 2025, due by January 31, 2026.
  • You’ll make 24 equal payments of ₱452.91 each.
  • By the end, you’ll have paid ₱869.84 in interest for the ₱10,000 loan.

SSS Salary Loan Monthly Amortization Table at ₱15,000.00

Loan Details

DescriptionAmount / Info
Loan Amount (Principal)₱15,000.00
Interest Rate8% per year (0.6667% per month)
Loan Term24 months
Monthly Amortization StartDecember 2025 (2nd month after approval)
Monthly Payment₱678.00
Total Payment (24 months)₱16,272.00
Total Interest (approx.)₱1,272.00

💡 Pro-rated Interest Deduction

Explanation:
SSS deducts the pro-rated interest — from the approval date up to the end of the month prior to the first amortization month — in advance from your loan proceeds.

  • Approval Date: October 15, 2025
  • First Amortization: December 2025
  • Pro-rated Period: Oct 15 – Nov 30 (≈ 1.5 months of interest)
  • Interest per month: 8% ÷ 12 = 0.6667%

Pro-rated interest = ₱15,000 × 0.006667 × 1.5 = ₱150.00

💰 Amount You’ll Receive

DescriptionAmount
Loan Amount₱15,000.00
Less: Pro-rated Interest (≈1.5 months)₱150.00
Net Proceeds (amount you’ll receive)₱14,850.00

📅 Amortization Schedule

#MonthYearMonthly PaymentPrincipalInterestRemaining Balance
1Dec2025₱678.00₱578.00₱100.00₱14,422.00
2Jan2026₱678.00₱582.00₱96.00₱13,840.00
3Feb2026₱678.00₱586.00₱92.00₱13,254.00
4Mar2026₱678.00₱590.00₱88.00₱12,664.00
5Apr2026₱678.00₱594.00₱84.00₱12,070.00
6May2026₱678.00₱598.00₱80.00₱11,472.00
7Jun2026₱678.00₱603.00₱75.00₱10,869.00
8Jul2026₱678.00₱607.00₱71.00₱10,262.00
9Aug2026₱678.00₱611.00₱67.00₱9,651.00
10Sep2026₱678.00₱615.00₱63.00₱9,036.00
11Oct2026₱678.00₱620.00₱58.00₱8,416.00
12Nov2026₱678.00₱624.00₱54.00₱7,792.00
13Dec2026₱678.00₱628.00₱50.00₱7,164.00
14Jan2027₱678.00₱633.00₱45.00₱6,531.00
15Feb2027₱678.00₱637.00₱41.00₱5,894.00
16Mar2027₱678.00₱642.00₱36.00₱5,252.00
17Apr2027₱678.00₱646.00₱32.00₱4,606.00
18May2027₱678.00₱651.00₱27.00₱3,955.00
19Jun2027₱678.00₱655.00₱23.00₱3,300.00
20Jul2027₱678.00₱660.00₱18.00₱2,640.00
21Aug2027₱678.00₱664.00₱14.00₱1,976.00
22Sep2027₱678.00₱669.00₱9.00₱1,307.00
23Oct2027₱678.00₱673.00₱5.00₱634.00
24Nov2027₱678.00₱678.00₱0.00₱0.00

🧮 Summary

ItemAmount
Loan Amount₱15,000.00
Pro-rated Interest Deducted₱150.00
Net Proceeds₱14,850.00
Total Payment (24 mos)₱16,272.00
Total Interest Paid₱1,272.00

SSS Salary Loan Monthly Amortization Table at ₱20,000.00

Loan Details

DescriptionAmount / Info
Loan Amount (Principal)₱20,000.00
Interest Rate8% per year (0.6667% per month)
Loan Term24 months
Monthly Amortization StartDecember 2025
Monthly Payment₱904.00
Total Payment (24 months)₱21,696.00
Total Interest (approx.)₱1,696.00

💡 Pro-rated Interest Deduction

Explanation:
SSS deducts the pro-rated interest in advance from your loan proceeds — covering the period from the date of approval up to the end of the month before your first amortization.

  • Approval Date: October 15, 2025
  • First Amortization: December 2025
  • Pro-rated Period: Oct 15 – Nov 30 (≈ 1.5 months)
  • Interest per month: 8% ÷ 12 = 0.6667%

Pro-rated Interest = ₱20,000 × 0.006667 × 1.5 = ₱200.00

💰 Amount You’ll Receive

DescriptionAmount
Loan Amount₱20,000.00
Less: Pro-rated Interest (≈1.5 months)₱200.00
Net Proceeds (amount you’ll receive)₱19,800.00

📅 Amortization Schedule

#MonthYearMonthly PaymentPrincipalInterestRemaining Balance
1Dec2025₱904.00₱771.00₱133.00₱19,229.00
2Jan2026₱904.00₱777.00₱127.00₱18,452.00
3Feb2026₱904.00₱783.00₱121.00₱17,669.00
4Mar2026₱904.00₱789.00₱115.00₱16,880.00
5Apr2026₱904.00₱795.00₱109.00₱16,085.00
6May2026₱904.00₱801.00₱103.00₱15,284.00
7Jun2026₱904.00₱807.00₱97.00₱14,477.00
8Jul2026₱904.00₱813.00₱91.00₱13,664.00
9Aug2026₱904.00₱819.00₱85.00₱12,845.00
10Sep2026₱904.00₱825.00₱79.00₱12,020.00
11Oct2026₱904.00₱831.00₱73.00₱11,189.00
12Nov2026₱904.00₱837.00₱67.00₱10,352.00
13Dec2026₱904.00₱843.00₱61.00₱9,509.00
14Jan2027₱904.00₱849.00₱55.00₱8,660.00
15Feb2027₱904.00₱855.00₱49.00₱7,805.00
16Mar2027₱904.00₱861.00₱43.00₱6,944.00
17Apr2027₱904.00₱867.00₱37.00₱6,077.00
18May2027₱904.00₱873.00₱31.00₱5,204.00
19Jun2027₱904.00₱879.00₱25.00₱4,325.00
20Jul2027₱904.00₱885.00₱19.00₱3,440.00
21Aug2027₱904.00₱891.00₱13.00₱2,549.00
22Sep2027₱904.00₱897.00₱7.00₱1,652.00
23Oct2027₱904.00₱903.00₱1.00₱749.00
24Nov2027₱904.00₱904.00₱0.00₱0.00

🧮 Summary

ItemAmount
Loan Amount₱20,000.00
Pro-rated Interest Deducted₱200.00
Net Proceeds₱19,800.00
Total Payment (24 months)₱21,696.00
Total Interest Paid₱1,696.00

SSS Salary Loan Monthly Amortization Table at ₱25,000.00

Loan Details

DescriptionAmount / Info
Loan Amount (Principal)₱25,000.00
Interest Rate8% per year (0.6667% per month)
Loan Term24 months
Monthly Amortization StartDecember 2025
Monthly Payment₱1,130.00
Total Payment (24 months)₱27,120.00
Total Interest (approx.)₱2,120.00

💡 Pro-rated Interest Deduction

Explanation:
The SSS deducts pro-rated interest in advance from the proceeds to cover the period
from the loan approval date until the end of the month before the first amortization month.

  • Approval Date: October 15, 2025
  • First Amortization: December 2025
  • Pro-rated Period: Oct 15 – Nov 30 (≈ 1.5 months)
  • Interest per month: 8% ÷ 12 = 0.6667%

Pro-rated Interest = ₱25,000 × 0.006667 × 1.5 = ₱250.00

💰 Amount You’ll Receive

DescriptionAmount
Loan Amount₱25,000.00
Less: Pro-rated Interest (≈1.5 months)₱250.00
Net Proceeds (amount you’ll receive)₱24,750.00

📅 Amortization Schedule

#MonthYearMonthly PaymentPrincipalInterestRemaining Balance
1Dec2025₱1,130.00₱964.00₱166.00₱24,036.00
2Jan2026₱1,130.00₱971.00₱159.00₱23,065.00
3Feb2026₱1,130.00₱978.00₱152.00₱22,087.00
4Mar2026₱1,130.00₱985.00₱145.00₱21,102.00
5Apr2026₱1,130.00₱992.00₱138.00₱20,110.00
6May2026₱1,130.00₱999.00₱131.00₱19,111.00
7Jun2026₱1,130.00₱1,006.00₱124.00₱18,105.00
8Jul2026₱1,130.00₱1,013.00₱117.00₱17,092.00
9Aug2026₱1,130.00₱1,020.00₱110.00₱16,072.00
10Sep2026₱1,130.00₱1,027.00₱103.00₱15,045.00
11Oct2026₱1,130.00₱1,034.00₱96.00₱14,011.00
12Nov2026₱1,130.00₱1,041.00₱89.00₱12,970.00
13Dec2026₱1,130.00₱1,048.00₱82.00₱11,922.00
14Jan2027₱1,130.00₱1,055.00₱75.00₱10,867.00
15Feb2027₱1,130.00₱1,062.00₱68.00₱9,805.00
16Mar2027₱1,130.00₱1,069.00₱61.00₱8,736.00
17Apr2027₱1,130.00₱1,076.00₱54.00₱7,660.00
18May2027₱1,130.00₱1,083.00₱47.00₱6,577.00
19Jun2027₱1,130.00₱1,090.00₱40.00₱5,487.00
20Jul2027₱1,130.00₱1,097.00₱33.00₱4,390.00
21Aug2027₱1,130.00₱1,104.00₱26.00₱3,286.00
22Sep2027₱1,130.00₱1,111.00₱19.00₱2,175.00
23Oct2027₱1,130.00₱1,118.00₱12.00₱1,057.00
24Nov2027₱1,130.00₱1,130.00₱0.00₱0.00

🧮 Summary

ItemAmount
Loan Amount₱25,000.00
Pro-rated Interest Deducted₱250.00
Net Proceeds₱24,750.00
Total Payment (24 months)₱27,120.00
Total Interest Paid₱2,120.00

SSS Salary Loan Monthly Amortization Table at ₱30,000.00

Loan Details

DescriptionAmount / Info
Loan Amount (Principal)₱30,000.00
Interest Rate8% per year (≈0.6667% per month)
Loan Term24 months
Monthly Amortization StartDecember 2025
Monthly Payment₱1,356.00
Total Payment (24 months)₱32,544.00
Total Interest (approx.)₱2,544.00

💡 Pro-rated Interest Deduction

Explanation:
SSS deducts pro-rated interest in advance from the loan proceeds to cover interest from the
approval date up to the end of the month before the first amortization month.

  • Approval Date: October 15, 2025
  • First Amortization: December 2025
  • Pro-rated Period: Oct 15 – Nov 30 (≈ 1.5 months)
  • Interest per month: 8% ÷ 12 = 0.6667%

Pro-rated Interest = ₱30,000 × 0.006667 × 1.5 = ₱300.00

💰 Amount You’ll Receive

DescriptionAmount
Loan Amount₱30,000.00
Less: Pro-rated Interest (≈1.5 months)₱300.00
Net Proceeds (amount you’ll receive)₱29,700.00

📅 Amortization Schedule

#MonthYearMonthly PaymentPrincipalInterestRemaining Balance
1Dec2025₱1,356.00₱1,157.00₱199.00₱28,843.00
2Jan2026₱1,356.00₱1,165.00₱191.00₱27,678.00
3Feb2026₱1,356.00₱1,173.00₱183.00₱26,505.00
4Mar2026₱1,356.00₱1,181.00₱175.00₱25,324.00
5Apr2026₱1,356.00₱1,189.00₱167.00₱24,135.00
6May2026₱1,356.00₱1,197.00₱159.00₱22,938.00
7Jun2026₱1,356.00₱1,205.00₱151.00₱21,733.00
8Jul2026₱1,356.00₱1,213.00₱143.00₱20,520.00
9Aug2026₱1,356.00₱1,221.00₱135.00₱19,299.00
10Sep2026₱1,356.00₱1,229.00₱127.00₱18,070.00
11Oct2026₱1,356.00₱1,237.00₱119.00₱16,833.00
12Nov2026₱1,356.00₱1,245.00₱111.00₱15,588.00
13Dec2026₱1,356.00₱1,253.00₱103.00₱14,335.00
14Jan2027₱1,356.00₱1,261.00₱95.00₱13,074.00
15Feb2027₱1,356.00₱1,269.00₱87.00₱11,805.00
16Mar2027₱1,356.00₱1,277.00₱79.00₱10,528.00
17Apr2027₱1,356.00₱1,285.00₱71.00₱9,243.00
18May2027₱1,356.00₱1,293.00₱63.00₱7,950.00
19Jun2027₱1,356.00₱1,301.00₱55.00₱6,649.00
20Jul2027₱1,356.00₱1,309.00₱47.00₱5,340.00
21Aug2027₱1,356.00₱1,317.00₱39.00₱4,023.00
22Sep2027₱1,356.00₱1,325.00₱31.00₱2,698.00
23Oct2027₱1,356.00₱1,333.00₱23.00₱1,365.00
24Nov2027₱1,356.00₱1,365.00₱0.00₱0.00

🧮 Summary

ItemAmount
Loan Amount₱30,000.00
Pro-rated Interest Deducted₱300.00
Net Proceeds₱29,700.00
Total Payment (24 months)₱32,544.00
Total Interest Paid₱2,544.00

SSS Salary Loan Monthly Amortization Table at ₱35,000.00

Loan Details

ItemDescriptionAmount
Loan AmountGross loan approved₱35,000.00
Interest Rate8% per annum (0.0066667 per month)—
Term24 months—
Date of Approval15 October 2025—
First Amortization MonthDecember 2025—

🧮 Pro-rated Interest (Deducted in Advance)

Pro-rated interest is computed from October 15 to November 30, since the first payment starts in December 2025.
That’s 1.5 months of interest: ₱35,000×8%×1.512=₱350.00₱35,000 × 8\% × \frac{1.5}{12} = ₱350.00₱35,000×8%×121.5​=₱350.00

Pro-rated Interest (approx.): ₱350.00

💵 Net Loan Proceeds

DescriptionAmount
Gross Loan₱35,000.00
Less: Pro-rated Interest₱350.00
Net Proceeds (Amount you receive)₱34,650.00

📅 Monthly Amortization Breakdown

Each month’s payment includes principal + interest.
Using the standard amortization formula, monthly payment is about ₱1,582.37.

MonthYearPaymentPrincipalInterestBalance
Dec2025₱1,582.37₱1,348.03₱234.34₱33,651.97
Jan2026₱1,582.37₱1,357.04₱225.33₱32,294.93
Feb2026₱1,582.37₱1,366.13₱216.24₱30,928.80
Mar2026₱1,582.37₱1,375.32₱207.05₱29,553.48
Apr2026₱1,582.37₱1,384.60₱197.77₱28,168.88
May2026₱1,582.37₱1,393.97₱188.40₱26,774.91
Jun2026₱1,582.37₱1,403.44₱178.93₱25,371.47
Jul2026₱1,582.37₱1,413.00₱169.37₱23,958.47
Aug2026₱1,582.37₱1,422.66₱159.71₱22,535.81
Sep2026₱1,582.37₱1,432.41₱149.96₱21,103.40
Oct2026₱1,582.37₱1,442.26₱140.11₱19,661.14
Nov2026₱1,582.37₱1,452.21₱130.16₱18,208.93
Dec2026₱1,582.37₱1,462.25₱120.12₱16,746.68
Jan2027₱1,582.37₱1,472.39₱109.98₱15,274.29
Feb2027₱1,582.37₱1,482.63₱99.74₱13,791.66
Mar2027₱1,582.37₱1,492.96₱89.41₱12,298.70
Apr2027₱1,582.37₱1,503.39₱78.98₱10,795.31
May2027₱1,582.37₱1,513.92₱68.45₱9,281.39
Jun2027₱1,582.37₱1,524.54₱57.83₱7,756.85
Jul2027₱1,582.37₱1,535.26₱47.11₱6,221.59
Aug2027₱1,582.37₱1,546.08₱36.29₱4,675.51
Sep2027₱1,582.37₱1,556.99₱25.38₱3,118.52
Oct2027₱1,582.37₱1,568.00₱14.37₱1,550.52
Nov2027₱1,582.37₱1,550.52₱1.85₱0.00

📘 Summary

DescriptionAmount
Total Interest (24 months)₱980.88
Total Paid (24 × ₱1,582.37)₱37,976.88
Net Loan Received₱34,650.00
Total Cost (Interest + Pro-rated)₱1,330.88

SSS Salary Loan Monthly Amortization Table at ₱40,000.00

oan Details

ItemDescriptionAmount
Loan AmountGross loan approved₱40,000.00
Interest Rate8% per annum (0.0066667 per month)—
Term24 months—
Date of Approval15 October 2025—
First Amortization MonthDecember 2025—

🧮 Pro-rated Interest (Deducted in Advance)

Pro-rated interest covers October 15 to November 30, 2025
= 1.5 months of interest (before first amortization month) ₱40,000×8%×1.512=₱400.00₱40,000 × 8\% × \frac{1.5}{12} = ₱400.00₱40,000×8%×121.5​=₱400.00

Pro-rated Interest (approx.): ₱400.00

💵 Net Loan Proceeds

DescriptionAmount
Gross Loan₱40,000.00
Less: Pro-rated Interest₱400.00
Net Proceeds (Amount you receive)₱39,600.00

📅 Monthly Amortization Breakdown

Each month’s payment includes principal + interest.
Using the amortization formula, the monthly payment is approximately ₱1,808.43.

MonthYearPaymentPrincipalInterestBalance
Dec2025₱1,808.43₱1,540.04₱268.39₱38,459.96
Jan2026₱1,808.43₱1,550.30₱258.13₱36,909.66
Feb2026₱1,808.43₱1,560.68₱247.75₱35,348.98
Mar2026₱1,808.43₱1,571.16₱237.27₱33,777.82
Apr2026₱1,808.43₱1,581.76₱226.67₱32,196.06
May2026₱1,808.43₱1,592.48₱215.95₱30,603.58
Jun2026₱1,808.43₱1,603.31₱205.12₱29,000.27
Jul2026₱1,808.43₱1,614.26₱194.17₱27,386.01
Aug2026₱1,808.43₱1,625.32₱183.11₱25,760.69
Sep2026₱1,808.43₱1,636.50₱171.93₱24,124.19
Oct2026₱1,808.43₱1,647.80₱160.63₱22,476.39
Nov2026₱1,808.43₱1,659.21₱149.22₱20,817.18
Dec2026₱1,808.43₱1,670.74₱137.69₱19,146.44
Jan2027₱1,808.43₱1,682.39₱126.04₱17,464.05
Feb2027₱1,808.43₱1,694.15₱114.28₱15,769.90
Mar2027₱1,808.43₱1,706.03₱102.40₱14,063.87
Apr2027₱1,808.43₱1,718.03₱90.40₱12,345.84
May2027₱1,808.43₱1,730.15₱78.28₱10,615.69
Jun2027₱1,808.43₱1,742.38₱66.05₱8,873.31
Jul2027₱1,808.43₱1,754.73₱53.70₱7,118.58
Aug2027₱1,808.43₱1,767.20₱41.23₱5,351.38
Sep2027₱1,808.43₱1,779.79₱28.64₱3,571.59
Oct2027₱1,808.43₱1,792.50₱15.93₱1,779.09
Nov2027₱1,808.43₱1,779.09₱3.34₱0.00

📘 Summary

DescriptionAmount
Total Interest (24 months)₱1,402.32
Total Paid (24 × ₱1,808.43)₱43,402.32
Net Loan Received₱39,600.00
Total Cost (Interest + Pro-rated)₱1,802.32

SSS Salary Loan Monthly Amortization Table at ₱45,000.00

Loan Details

ItemDescriptionAmount
Loan AmountGross loan approved₱45,000.00
Interest Rate8% per annum (0.0066667 per month)—
Term24 months—
Date of Approval15 October 2025—
First Amortization MonthDecember 2025—

🧮 Pro-rated Interest (Deducted in Advance)

Pro-rated interest covers October 15 to November 30, 2025
≈ 1.5 months of interest (before first amortization starts). ₱45,000×8%×1.512=₱450.00₱45,000 × 8\% × \frac{1.5}{12} = ₱450.00₱45,000×8%×121.5​=₱450.00

Pro-rated Interest (approx.): ₱450.00

💵 Net Loan Proceeds

DescriptionAmount
Gross Loan₱45,000.00
Less: Pro-rated Interest₱450.00
Net Proceeds (Amount you receive)₱44,550.00

📅 Monthly Amortization Breakdown

Each monthly payment includes both principal and interest.
Using the amortization formula, the monthly payment is approximately ₱2,034.48.

MonthYearPaymentPrincipalInterestBalance
Dec2025₱2,034.48₱1,732.55₱301.93₱43,267.45
Jan2026₱2,034.48₱1,744.09₱290.39₱41,523.36
Feb2026₱2,034.48₱1,755.73₱278.75₱39,767.63
Mar2026₱2,034.48₱1,767.47₱267.01₱37,999.16
Apr2026₱2,034.48₱1,779.32₱255.16₱36,218.84
May2026₱2,034.48₱1,791.28₱243.20₱34,426.56
Jun2026₱2,034.48₱1,803.34₱231.14₱32,623.22
Jul2026₱2,034.48₱1,815.52₱218.96₱30,807.70
Aug2026₱2,034.48₱1,827.80₱206.68₱28,979.90
Sep2026₱2,034.48₱1,840.20₱194.28₱27,139.70
Oct2026₱2,034.48₱1,852.71₱181.77₱25,286.99
Nov2026₱2,034.48₱1,865.33₱169.15₱23,421.66
Dec2026₱2,034.48₱1,878.07₱156.41₱21,543.59
Jan2027₱2,034.48₱1,890.91₱143.57₱19,652.68
Feb2027₱2,034.48₱1,903.87₱130.61₱17,748.81
Mar2027₱2,034.48₱1,916.94₱117.54₱15,831.87
Apr2027₱2,034.48₱1,930.12₱104.36₱13,901.75
May2027₱2,034.48₱1,943.42₱91.06₱11,958.33
Jun2027₱2,034.48₱1,956.83₱77.65₱10,001.50
Jul2027₱2,034.48₱1,970.35₱64.13₱8,031.15
Aug2027₱2,034.48₱1,983.99₱50.49₱6,047.16
Sep2027₱2,034.48₱1,997.74₱36.74₱4,049.42
Oct2027₱2,034.48₱2,011.61₱22.87₱2,037.81
Nov2027₱2,034.48₱2,037.81₱13.59₱0.00

📘 Summary

DescriptionAmount
Total Interest (24 months)₱4,827.52
Total Paid (24 × ₱2,034.48)₱48,827.52
Net Loan Received₱44,550.00
Total Cost (Interest + Pro-rated)₱5,277.52

SSS Salary Loan Monthly Amortization Table at ₱50,000.00

Loan Details

ItemDescriptionAmount
Loan AmountGross loan approved₱50,000.00
Interest Rate8% per annum (0.0066667 per month)—
Term24 months—
Date of Approval15 October 2025—
First Amortization MonthDecember 2025—

🧮 Pro-rated Interest (Deducted in Advance)

Pro-rated interest covers October 15 to November 30, 2025
≈ 1.5 months of interest (before first amortization starts). ₱50,000×8%×1.512=₱500.00₱50,000 × 8\% × \frac{1.5}{12} = ₱500.00₱50,000×8%×121.5​=₱500.00

Pro-rated Interest (approx.): ₱500.00

💵 Net Loan Proceeds

DescriptionAmount
Gross Loan₱50,000.00
Less: Pro-rated Interest₱500.00
Net Proceeds (Amount you receive)₱49,500.00

📅 Monthly Amortization Breakdown

Each monthly payment includes both principal and interest.
Using the standard amortization formula, the monthly payment is approximately ₱2,260.53.

MonthYearPaymentPrincipalInterestBalance
Dec2025₱2,260.53₱1,925.06₱333.47₱48,074.94
Jan2026₱2,260.53₱1,938.99₱321.54₱46,135.95
Feb2026₱2,260.53₱1,952.98₱309.55₱44,182.97
Mar2026₱2,260.53₱1,967.08₱297.45₱42,215.89
Apr2026₱2,260.53₱1,981.26₱285.27₱40,234.63
May2026₱2,260.53₱1,995.52₱273.01₱38,239.11
Jun2026₱2,260.53₱2,009.88₱260.65₱36,229.23
Jul2026₱2,260.53₱2,024.32₱248.21₱34,204.91
Aug2026₱2,260.53₱2,038.86₱235.67₱32,166.05
Sep2026₱2,260.53₱2,053.48₱223.05₱30,112.57
Oct2026₱2,260.53₱2,068.19₱210.33₱28,044.38
Nov2026₱2,260.53₱2,082.99₱197.54₱25,961.39
Dec2026₱2,260.53₱2,097.88₱184.65₱23,863.51
Jan2027₱2,260.53₱2,112.86₱171.67₱21,750.65
Feb2027₱2,260.53₱2,127.93₱158.60₱19,622.72
Mar2027₱2,260.53₱2,143.09₱145.44₱17,479.63
Apr2027₱2,260.53₱2,158.35₱132.18₱15,321.28
May2027₱2,260.53₱2,173.70₱118.83₱13,147.58
Jun2027₱2,260.53₱2,189.14₱105.39₱10,958.44
Jul2027₱2,260.53₱2,204.68₱91.85₱8,753.76
Aug2027₱2,260.53₱2,220.31₱78.22₱6,533.45
Sep2027₱2,260.53₱2,236.04₱64.49₱4,297.41
Oct2027₱2,260.53₱2,251.87₱50.66₱2,045.54
Nov2027₱2,260.53₱2,045.54₱13.64₱0.00

📘 Summary

DescriptionAmount
Total Interest (24 months)₱4,252.72
Total Paid (24 × ₱2,260.53)₱54,252.72
Net Loan Received₱49,500.00
Total Cost (Interest + Pro-rated)₱4,752.72

🔢 How Is the Monthly Amortization Calculated?

The SSS uses the following formula:

Monthly Amortization = (Loan Amount + Total Interest) ÷ 24 months

  • The interest is computed as 8% per annum based on the diminishing principal balance.
  • A 1% service fee is deducted upfront from the loan proceeds.

ðŸ—“ï¸ When Does Amortization Start?

Your first payment is due on the second month after the loan is released.
Example:

  • If loan is released in August, the first payment is due in October.

💼 Who Handles the Payment?

  • Employed Members: Payment is deducted by your employer and remitted to SSS.
  • Voluntary/Self-Employed/OFW Members: You must pay directly to SSS or its accredited partners monthly.

🧠 Final Tips

  • Always pay on or before the due date to avoid the 1% penalty per month.
  • Want to pay more than the monthly due to finish early? You can! Just inform SSS and adjust your payment accordingly.

🔠Need Help Calculating Your Monthly Payment?

Use our free tool to get an accurate estimate of your SSS Salary Loan monthly amortization based on your preferred loan amount:

👉 SSS Salary Loan Calculator

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