8% a yearMost you can get: ₱40,000 (two months of a ₱20,000 salary credit)Suits: Members with 36 posted contributions who need up to ₱40,000, paid back in 24 months.Watch out: The 1% service fee and advance interest come off the cash you receive.Circular No. 2025-004, effective June 16, 2025
SSS and Pag-IBIG loans: how much you can borrow
For a cash loan the SSS salary loan is cheapest at 8% a year (SSS Circular No. 2025-004) if you have 36 posted contributions; after a declared calamity, the Pag-IBIG Calamity Loan, at 5.95% (Circular No. 470), costs less.
On ₱20,000 over 24 months, SSS costs ₱2,110.84 in all (interest, the 1% fee and advance interest) against ₱4,543.12 of interest on the Pag-IBIG MPL.
How much you can borrow, and what it costs
Posted SSS contributions
12 or more monthly Pag-IBIG savings?
Is your area under a declared State of Calamity?
- Cheapest loan that covers ₱20,000
- SSS salary loan, ₱904.55 a month
| Loan | Most you can get | Per month on ₱20,000 | Cash you receive | Total cost |
|---|---|---|---|---|
| SSS salary loan | ₱20,000 | ₱904.55 | ₱19,598.36 | ₱2,110.84 |
| SSS Emergency Loan | ₱20,000 | ₱928.69 | ₱20,000.00 | ₱2,288.56 |
| Pag-IBIG Multi-Purpose Loan | ₱54,000 | ₱1,022.63 | ₱20,000.00 | ₱4,543.12 |
| Pag-IBIG Calamity Loan | Only within 90 days of a calamity declaration | |||
Next: apply for the SSS salary loan at My.SSS, or check the details in the SSS salary loan calculator.
All four are priced over 24 monthly payments under each agency's circular: SSS with its 1% fee and the advance interest of its own 46-day example, the Emergency Loan for a loan dated May 6, 2026 (SSS said on August 14, 2026 it remains open), and Pag-IBIG with grace-period interest spread into the payments. Circular No. 2025-004 Circular No. 2026-003 Circular No. 469 Circular No. 470
Which loan to take
One pick per job: the cheapest cash loan open all year, the largest cash loan, the cheapest after a calamity, and the home loan.
1.4583% a monthMost you can get: 90% of your Pag-IBIG savingsSuits: Members with 12 monthly savings who need more than SSS lends, or lack the SSS contributions.Watch out: About 17.5% a year (1.4583% x 12), more than twice the SSS rate.Circular No. 469, issued April 30, 2025
5.95% Pag-IBIG, 7% SSSMost you can get: 90% of Pag-IBIG savings; SSS Emergency Loan up to ₱20,000Suits: Members whose home or workplace is in an area under a declared State of Calamity.Watch out: Pag-IBIG takes applications only within 90 days of the declaration, and the loan shares the 90% savings limit with the MPL.Circular No. 470, issued April 30, 2025
6.5% to 9.75% a yearMost you can get: ₱10M, up to 30 yearsSuits: Members with 24 monthly savings buying a house, lot or condominium unit.Watch out: The rate is fixed only for the repricing period you pick, then reset, and insurance premiums are billed on top.Pag-IBIG rates valid until December 31, 2026
No agency or lender pays to appear on this page or to change how it is compared.
Who qualifies
| Loan | Who qualifies | How much | Rate and effective date | Term | Late payment | Apply |
|---|---|---|---|---|---|---|
| SSS salary loan | 36 posted contributions (one-month) or 72 (two-month), 6 in the last 12 months; under 65 | 1 or 2 months of average salary credit, up to ₱40,000 | 8%/yr, since June 16, 2025 | 24 months | 1% a month, charged for every day of delay | My.SSS, online only |
| Pag-IBIG MPL | 12 monthly savings, 1 in the last 6 months | Up to 90% of your Regular Savings | 1.4583%/mo, Circular No. 469 of April 30, 2025 | 12, 24, 36 months | 1/20 of 1% of the unpaid amount for every day of delay | Virtual Pag-IBIG or branch, form HQP-SLF-065 |
| SSS Emergency Loan | 18 posted contributions (half the amount) or 36, 6 in the last 12 months; under 65; Philippine address | Up to ₱20,000 | 7%/yr, Circular No. 2026-003 | 30 months, first 6 without payments | 1% a month, charged for every day of delay | My.SSS, while SSS keeps the program open |
| SSS Calamity Loan | 36 posted contributions; home or employer in a declared calamity area | Up to ₱20,000 | 7%/yr, Circular No. 2025-006 | 24 months | 1% a month, charged for every day of delay | My.SSS, within 30 days of SSS's announcement |
| Pag-IBIG Calamity Loan | 12 monthly savings, 1 in the last 6 months; live or work in a declared calamity area | Up to 90% of your Regular Savings | 5.95%/yr, Circular No. 470 of April 30, 2025 | 12, 24, 36 months | 1/20 of 1% of the unpaid amount for every day of delay | Virtual Pag-IBIG or branch, within 90 days of the declaration |
| Pag-IBIG housing loan | 24 monthly savings; up to 65 when applying, 70 at maturity | Up to ₱10M, limited by income and appraised value | 6.5% to 9.75%/yr, until December 31, 2026 | Up to 30 years | 1/20 of 1% of the unpaid amount for every day of delay | Virtual Pag-IBIG, branch or developer, form HQP-HLF-068 |
| Pag-IBIG MP2 (savings) | Active member, 1 savings in the last 6 months | From ₱500, up to ₱20,000,000 | 7.12% dividend for 2025 | 5 years | Not a loan; early withdrawal pays half the dividends | Virtual Pag-IBIG or branch, form HQP-PFF-226 |
Each rate is shown with the instrument and date it comes from. Sources: SSS Circular No. 2025-004, Pag-IBIG Circular No. 469, Pag-IBIG housing rates, MP2 rates, SSS Circular No. 2026-003, SSS Circular No. 2025-006, Pag-IBIG Circular No. 470.
Before you apply, check that your contributions are posted. The SSS contribution table 2026 shows what your SSS contribution buys in salary credit, and the Pag-IBIG contribution table 2026 what goes into your Pag-IBIG savings.
Emergency and calamity loans
These open only after a declaration, so check the agency's announcement before you apply. As of August 14, 2026, SSS said its Emergency Loan Program, in effect since May 1, 2026, remains available to qualified members nationwide, including those affected by Tropical Storm Maymay and the enhanced Southwest Monsoon (Habagat). SSS advisory, August 14, 2026
- SSS Emergency Loan: up to ₱20,000 at 7%, no service fee, 6 months before the first payment. Needs 18 contributions.
- SSS Calamity Loan: up to ₱20,000 at 7%, opened for named areas for 30 days from SSS's announcement. Not available while you hold an Emergency Loan.
- Pag-IBIG Calamity Loan: up to 90% of your savings at 5.95%, within 90 days of the State of Calamity declaration for your area. It can sit beside an MPL, but together they cannot pass 90% of your savings.
Announcements: SSS News and Updates and Pag-IBIG Fund's official Facebook page.
Next: If a declaration covers your area, start with the SSS emergency and calamity loan calculator, then the Pag-IBIG Calamity Loan calculator.
What to prepare and where to apply
| Loan | Apply at | Form | Have ready | How you know it worked |
|---|---|---|---|---|
| SSS salary loan | My.SSS or the MySSS app, online only | None; all online | Posted contributions, a DAEM-enrolled disbursement account, employer certification if employed | A Disclosure Statement with your effective rate before you confirm SSS |
| SSS Emergency or Calamity Loan | My.SSS or the MySSS app, while SSS keeps the program open | None; all online | 18 or 36 posted contributions, a DAEM-enrolled account, a Philippine (or declared-area) address on SSS records | Release only to your DAEM account; Emergency Loan payments start after a 6-month moratorium SSS |
| Pag-IBIG MPL | Virtual Pag-IBIG or a branch | HQP-SLF-065 | 12 monthly savings, valid ID, proof of income, a Loyalty Card Plus or partner-bank cash card | An SMS that the loan is credited, after 2 to 3 working days Pag-IBIG |
| Pag-IBIG Calamity Loan | Virtual Pag-IBIG or a branch, within 90 days of the declaration | HQP-SLF-066 | The same as the MPL, plus a home or workplace in the declared area | An SMS that the loan is credited, after 2 to 3 working days Pag-IBIG |
| Pag-IBIG housing loan | A Pag-IBIG branch or your accredited developer; you can start in Virtual Pag-IBIG | HQP-HLF-068 | 24 monthly savings, property title and tax papers, proof of income, ₱1,000 processing and ₱2,000 appraisal fees | An SMS and call to schedule the inspection, then a Notice of Approval or Disapproval Pag-IBIG |
| MP2 savings | Virtual Pag-IBIG (Be A Member, Apply for MP2) or a branch | HQP-PFF-226 | Active membership; proof of income for a single remittance above ₱100,000 | An MP2 account number to save with Pag-IBIG |
For a problem with your own loan or savings record, contact the agency: SSS hotline 1455 or usssaptayo@sss.gov.ph; Pag-IBIG Fund at contactus@pagibigfund.gov.ph or a branch. Government employees borrow from GSIS, which this page does not cover.
Other calculators, including MP2
- Pag-IBIG MP2 calculator: MP2 is a 5-year savings account, not a loan. Pag-IBIG Fund declared 7.12% for 2025, tax-free; ₱1,000 a month at that rate grows to about ₱71,842. Pag-IBIG MP2 page
- Pag-IBIG housing loan calculator: monthly amortization and the income you need by amount, term and repricing period.
- SSS salary loan calculator and SSS emergency and calamity loan calculator: cash you receive after the fee and advance interest.
- Pag-IBIG MPL calculator and Pag-IBIG Calamity Loan calculator: loanable amount from your savings and the payment for 12, 24 or 36 months.
Comparing MP2 with a bank? Time deposit vs MP2 after the 20% final tax compares what you keep after tax.
Government employees
Government employees are GSIS members under Republic Act No. 8291, Sec. 3, so their salary and emergency loans come from GSIS, not SSS. Its programs and terms are on gsis.gov.ph.
Questions about SSS and Pag-IBIG loans
Is it better to loan in Pag-IBIG or SSS?
For a cash loan, SSS is cheaper if you have 36 posted contributions: 8% a year against about 17.5% for the Pag-IBIG MPL. Pag-IBIG lends against your savings and can lend more, and its Calamity Loan at 5.95% is the cheapest when your area is declared under a State of Calamity.
Can I loan ₱300,000 in Pag-IBIG?
As a cash loan only if your Pag-IBIG savings are large enough: the MPL lends up to 90% of them, so ₱300,000 needs about ₱333,334 in savings. A housing loan goes up to ₱10M, limited by your income and the property's value.
Can I have an SSS salary loan and a Pag-IBIG MPL at the same time?
Yes. They are separate agencies with separate loan programs. Each checks only its own records: SSS requires no past-due SSS loan, and Pag-IBIG requires that any existing Pag-IBIG short-term loan is not in default.
How do I check my SSS or Pag-IBIG loan status?
SSS loans are tracked in your My.SSS account or the MySSS app. Pag-IBIG short-term loans can be followed on the Virtual Pag-IBIG Loan Status Verification page.
What happens if I stop paying a government loan?
SSS: The full balance becomes due without demand or notice. SSS deducts any unpaid balance, with interest and penalties, from whatever SSS benefit is due to you or your beneficiaries, including retirement, disability and death benefits. Pag-IBIG MPL: The outstanding loan becomes due and demandable, and without demand Pag-IBIG Fund offsets it from your Total Accumulated Value, the savings the loan was based on.
Sources
Every rate and limit on this page comes from the SSS or Pag-IBIG circular named beside it.