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: July 2026 · sss.gov.ph · Interest rate 8% per annum · SSS Circular 2025-004
Average of your last 12 Monthly Salary Credits. Only MSCs up to ₱20,000 (the Regular SS Program) count toward a salary loan. Check your record at my.sss.gov.ph.
Total number of posted SSS contributions. Check at my.sss.gov.ph under Inquiry → Contributions.
Got your loan details? Two things worth checking next
→ Compute your exact SSS contribution — enter your salary and get it instantly. → Your full take-home pay — what you actually receive after SSS, PhilHealth, Pag-IBIG and income tax.How the SSS Salary Loan Works
The SSS salary loan calculator Philippines applies the official rules 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 the average of your last 12 Monthly Salary Credits (MSCs) under the Regular SS Program, rounded up to the next higher MSC. Because the Regular SS Program MSC is capped at ₱20,000, the maximum one-month loan is ₱20,000 and the maximum two-month loan is ₱40,000 — contributions on MSC above ₱20,000 build your MySSS Pension Booster and do not increase your loan. With at least 36 posted contributions you qualify for a one-month loan; with 72 or more you qualify for a two-month loan — double the amount.
In 2025, the interest rate was reduced from 10% to 8% per annum (effective July 2025), computed on a diminishing principal balance. The 10% rate still applies only to a loan renewal where penalty condonation was availed within the previous five years. The loan is repaid over 24 equal monthly amortizations, with the first amortization starting the second month after approval. A 1% service fee, plus a small pro-rated interest, is deducted from the proceeds at release — so the cash you receive is a little below the gross loan amount.
Eligibility Requirements
| Requirement | 1-Month Loan | 2-Month Loan |
|---|---|---|
| Total posted contributions | 36 | 72 |
| Recent contributions | 6 within last 12 months | 6 within last 12 months |
| Age | Under 65 years old | Under 65 years old |
| No final benefit granted | ✓ | ✓ |
| No past due SSS loan | ✓ | ✓ |
| Registered at My.SSS | ✓ | ✓ |
Loan Rates and Terms
| Detail | Value |
|---|---|
| Maximum loanable amount | ₱20,000 (1-month) · ₱40,000 (2-month) |
| Interest rate | 8% per annum (diminishing balance) |
| 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 |
Why the Loan is Capped at ₱20,000 MSC
SSS contributions on a Monthly Salary Credit above ₱20,000 are not part of the Regular SS Program — they go into the Mandatory Provident Fund (MPF), now called MySSS Pension Booster (formerly WISP and WISP Plus). The MPF is a separate retirement savings account that earns investment income. Because the salary loan is funded by and computed from the Regular SS Program, only MSCs up to ₱20,000 count toward your loanable amount. A higher earner does not get a bigger salary loan for the portion of their MSC above ₱20,000 — that portion instead grows their retirement savings.
Frequently Asked Questions
Can I apply for a salary loan while I have an existing loan?
You cannot have two separate active salary loans, but you can renew. Renewal is allowed six months after your loan’s approval date, provided the loan is not past due and your last three amortizations were paid on time. A fully paid loan can be renewed immediately if the last three amortizations were paid on time. When you renew, the outstanding balance of your old loan is deducted from the proceeds of the new one.
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?
When you are separated from employment, your employer is required to deduct the outstanding loan balance from any compensation or benefits due to you and remit it to SSS. Any remaining balance after that is your responsibility — you continue paying directly through SSS-accredited payment channels. Late payments carry a 1% monthly penalty, and a loan is considered in default once the unpaid obligation exceeds six monthly 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. SSS is authorized to deduct the outstanding balance, including interest and penalties, from a final benefit claim — so it’s best 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/ · SSS Circular 2025-004 · Interest 8% per annum (effective July 2025) · Service fee 1% · 24-month term
⚠️ This is general information, not financial, tax, or legal advice. KnowMyGovt is an independent service — not affiliated with or endorsed by the SSS, PhilHealth, Pag-IBIG, the BIR, DOLE, or the Philippine government — and is not liable for decisions made in reliance on it.
