SSS Salary Loan Calculator Philippines 2026
Use this SSS salary loan calculator Philippines to estimate your maximum loanable amount and monthly amortization based on your SSS contributions.
Last updated: January 2026 · sss.gov.ph · Interest rate 8% per annum · SSS Salary Loan Program
Average of your last 12 Monthly Salary Credits, rounded to the nearest ₱1,000. Check at my.sss.gov.ph.
Total number of posted SSS contributions. Check at my.sss.gov.ph under Inquiry → Contributions.
How the SSS Salary Loan Works
The SSS salary loan calculator Philippines applies the official formula from sss.gov.ph. The SSS Salary Loan is a privilege loan for active members who need short-term financial assistance. Your loanable amount is based on your average Monthly Salary Credit (MSC) over the last 12 months — rounded to the nearest ₱1,000. If you have at least 36 contributions you can borrow 1 month’s worth. With 72 or more contributions you qualify for a 2-month loan — double the amount.
Effective May 2025, the interest rate was reduced from 10% to 8% per annum following an announcement by President Marcos. This is a significant reduction that lowers your monthly amortization. The loan is repaid over 24 equal monthly amortizations starting the second month after approval. A 1% service fee is deducted from the proceeds at release.
Eligibility Requirements
| Requirement | 1-Month Loan | 2-Month Loan |
|---|---|---|
| Total contributions | 36 months | 72 months |
| Recent contributions | 6 within last 12 months | 6 within last 12 months |
| No final benefit claimed | ✓ | ✓ |
| No past due SSS loan | ✓ | ✓ |
| Registered at My.SSS | ✓ | ✓ |
Loan Rates and Terms
| Detail | Value |
|---|---|
| Interest rate | 8% per annum |
| Repayment term | 24 monthly amortizations |
| Service fee | 1% of loan amount |
| Late payment penalty | 1% per month |
| Application | Online via My.SSS or SSS app |
| First amortization | 2nd month after approval |
Frequently Asked Questions
Can I apply for a salary loan while I have an existing loan?
No — you cannot have two active salary loans at the same time. If you have an existing salary loan with an outstanding balance, you must wait until it is fully paid before applying for a new one. Any remaining balance from the old loan will be deducted from the proceeds of your new loan.
How do I apply for an SSS salary loan?
Apply online through your My.SSS account at my.sss.gov.ph or through the SSS mobile app. Go to E-Services → Apply for Salary Loan. You’ll need an active disbursement account enrolled in your My.SSS profile to receive the proceeds. The entire process is online — no need to visit an SSS branch.
What if I leave my employer before the loan is fully paid?
If you leave employment, you are still responsible for paying the remaining amortizations. You can continue paying directly through SSS-accredited payment channels or online. Failure to pay results in a 1% monthly penalty on the unpaid balance and your loan may be declared in default after 6 unpaid amortizations.
Does the salary loan affect my pension?
An unpaid salary loan balance at the time you claim retirement can be deducted from your retirement benefit. It’s important to settle any outstanding loan before filing for retirement to receive the full amount you’re entitled to.
Also in SSS Philippines:
📋 Rates verified — Official source: sss.gov.ph/salary-loan/ · Interest rate 8% per annum effective May 2025 · Service fee 1% · 24-month term
⚠️ This calculator is for informational purposes only and does not constitute financial or legal advice. KnowMyGovt is not affiliated with SSS or the Philippine government. For official loan application visit my.sss.gov.ph.
