The SSS Salary Loan is a cash loan benefit offered by the Social Security System (SSS) of the Philippines. It’s designed to help qualified members address short-term financial needs—whether it’s for emergency expenses, daily costs, tuition, or bills.
đź“Ś Who Can Apply for an SSS Salary Loan?
To be eligible for an SSS Salary Loan, you must:
Be an actively paying SSS member, under 65 years old
Have at least 36 posted monthly contributions, with 6 contributions in the last 12 months
Have no existing loan defaults with SSS
Have no final benefit claim such as retirement or total disability
đź’° How Much Can You Loan?
The amount you can borrow depends on your average monthly salary credit (MSC) over the last 12 months:
1-month loan: Up to the average MSC
2-month loan: Up to twice the average MSC
For example:
If your average MSC is ₱12,000, you can loan up to ₱12,000 (1-month) or ₱24,000 (2-month)
đź’¸ Interest Rate & Terms
Interest Rate: 8% per year on the declining balance
Term: Payable in 24 monthly installments
Penalty: 1% per month for late payments
🧮 Try the SSS Salary Loan Calculator
Not sure how much you can loan or what your monthly payments will be?
Just enter your monthly salary credit and choose between a 1-month or 2-month loan. The tool will instantly calculate:
Estimated loan amount
Monthly amortization
Total amount payable
All results are neatly formatted and easy to understand.
đź“ť Repayment and Deductions
Your loan is repaid monthly:
Employed members: Payments are automatically deducted by your employer
Self-employed or voluntary members: Pay via SSS branches or accredited partners
âś… Final Thoughts
The SSS Salary Loan is a helpful financial option for members who need cash now but want manageable repayments. Whether you need a small buffer or a larger loan, make smart decisions using our calculator before you apply.
