8% a yearEffective June 16, 2025 (Circular No. 2025-004). Up to ₱40,000, 24 months. ₱904.55 a month on ₱20,000.source
SSS and Pag-IBIG loan calculators
The SSS salary loan, at 8% a year, is the cheapest government cash loan open all year if you have 36 posted SSS contributions; after a declared calamity, the Pag-IBIG Calamity Loan and SSS Emergency Loan cost less. On ₱20,000 over 24 months, SSS costs ₱2,110.84 in all against ₱4,543.12 of interest on the Pag-IBIG Multi-Purpose Loan.
- SSS salary loan:
- 8% a year.
- Circular No. 2025-004, effective June 16, 2025.
- Pag-IBIG Multi-Purpose Loan:
- 1.4583% a month.
- Circular No. 469, issued April 30, 2025.
- SSS Emergency Loan:
- 7% a year.
- up to ₱20,000; Circular No. 2026-003, signed April 28, 2026.
- Pag-IBIG Calamity Loan:
- 5.95% a year.
- Circular No. 470, issued April 30, 2025.
- Largest SSS salary loan:
- ₱40,000.
- 2 x the ₱20,000 Regular SS salary credit cap, Circular No. 2025-004.
- Pag-IBIG cash loan limit:
- 90% of savings.
- MPL, Calamity Loan and HELPs together; Circular No. 469, section 14.2.
- MP2 dividend for 2025:
- 7.12%.
- declared by Pag-IBIG Fund.
SSS Circular No. 2025-004; SSS Circular No. 2026-003; Pag-IBIG Circular No. 469; Pag-IBIG Circular No. 470; MP2 rates declared for 2021 to 2025.
1.4583% a monthCircular No. 469, April 30, 2025. Up to 90% of your savings, 12/24/36 months. ₱1,022.63 a month on ₱20,000 over 24.source
7% a yearEmergency Loan: up to ₱20,000 from 18 contributions, 30 months with 6 months before the first payment (Circular No. 2026-003). Calamity Loan: declared areas only.source
5.95% a yearUp to 90% of your savings, 12/24/36 months, 3-month grace. Apply within 90 days of a calamity declaration for your area (Circular No. 470).source
6.5% to 9.75%Rates until December 31, 2026. Up to ₱10M, 30 years. Promo 4.5% for 3 years. ₱12,641 a month on ₱2M.source
7.12% for 2025Dividend declared for 2025. 5-year tax-free savings from ₱500. ₱1,000 a month grows to about ₱71,842 at that rate.source
SSS or Pag-IBIG for your amount
- Cheaper over 24 months
- SSS, by ₱2,432.28
- SSS salary loan, per month
- ₱904.55
- SSS total cost (interest, 1% fee, advance interest)
- ₱2,110.84
- Pag-IBIG MPL, per month
- ₱1,022.63
- Pag-IBIG MPL total interest (grace-period interest included)
- ₱4,543.12
Next step
For the exact amount, open the SSS salary loan calculator or the Pag-IBIG MPL calculator, then apply in My.SSS or Virtual Pag-IBIG.
Both columns use 24 monthly payments: SSS at 8% a year with its 1% fee and the advance interest from its own 46-day example, and the MPL at 1.4583% a month with 2 months of grace-period interest spread into the payments. Circular No. 2025-004, effective June 16, 2025 Circular No. 469, issued April 30, 2025
Eligibility compared
| 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.
Which loan to use
For a small amount you will repay within two years, start with SSS. Its 8% a year is the lowest rate among the loans open all year (the calamity loans below are cheaper but open only after a declaration), and the loan is sized to your salary credit rather than your savings. If you have fewer than 36 posted contributions, or you need more than SSS will lend, the Pag-IBIG MPL lends against what you have saved and lets you stretch payments to 36 months.
For a home, the Pag-IBIG housing loan is the only one here built for it. The choice that moves your payment most is the repricing period: the rate is fixed only for the years you pick, then reset. The housing loan calculator shows the payment and the income you need under each.
Before taking any of these, 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.
Next: Run your own amount in the SSS salary loan calculator; if SSS will not lend enough, size the Pag-IBIG MPL next.
What ₱20,000 costs
| On ₱20,000 over 24 months | SSS salary loan | Pag-IBIG MPL |
|---|---|---|
| Monthly payment | ₱904.55 | ₱1,022.63 |
| Total paid back | ₱21,709.20 | ₱24,543.12 |
| Charges taken from the cash you receive | 1% service fee (₱200) plus advance interest | None listed |
The Pag-IBIG payment includes the interest for the 2-month grace period, which Circular No. 469 spreads over the term. For comparison, the loan apps page prices private lenders from their own published terms. SSS figures per Circular No. 2025-004, effective June 16, 2025; Pag-IBIG per Circular No. 469, issued April 30, 2025.
Next: Need more than ₱20,000? Put your amount in the SSS or Pag-IBIG calculator at the top of this page.
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.
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.
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.
MP2 is savings, not a loan
MP2 is Pag-IBIG's voluntary 5-year savings account. It paid 7.12% for 2025, tax-free, and the rate is declared each year from Pag-IBIG Fund's income. The MP2 calculator lets you test any past year's rate against monthly or one-time savings, and Time deposit vs MP2 after the 20% final tax compares what you keep against a bank deposit, whose interest is taxed.
Questions
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.
Independence and sources
No agency or lender pays to appear on this page or to change how it is compared. Every rate and limit comes from the SSS or Pag-IBIG circular named beside it.