SSS salary loan calculator
SSS lends up to ₱40,000 (two months of salary credit) at 8% a year on the diminishing balance, over 24 months (Circular No. 2025-004, in force since June 16, 2025). The largest one-month loan of ₱20,000 costs ₱904.55 a month and ₱1,709.20 in interest. SSS's own advance-interest example: ₱20,000 x 8% x 46 days / 365 = ₱201.64. Circular No. 2025-004, effective June 16, 2025
You receive about ₱19,598.36 of a ₱20,000 loan.SSS takes the 1% service fee (₱200.00) and the advance interest (₱201.64 for the circular's 46-day example) out of the proceeds before release: ₱20,000 - ₱200.00 - ₱201.64 = ₱19,598.36. SSS Salary Loan page
Your amortization and the cash you receive
- Monthly amortization, 24 months
- ₱904.55
- Total you pay back
- ₱21,709.20
- Total interest
- ₱1,709.20
- Service fee (1%), deducted
- ₱200.00
- Advance interest, pick a date
- –
- Cash you receive
- –
- Posted contributions needed
- 36
Apply in My.SSS (or the MySSS app) and compare the Disclosure Statement with your result above; its effective rate can differ slightly because it counts your release date and charges. Enroll your disbursement account in the DAEM module first: SSS releases the loan only to a MySSS Card, UMID ATM Pay Card or PESONet bank account in your name. Short of 36 contributions? Price the same amount in the Pag-IBIG MPL calculator. SSS
SSS bills 24 equal amortizations at 8% a year on the diminishing balance and takes advance interest of loan x 8% x days / 365 from the proceeds, under Circular No. 2025-004, effective June 16, 2025. Circular No. 2025-004
One-month, two-month, or Pag-IBIG instead
Take the one-month loan if it covers what you need. Both carry the same rate, and the two-month loan of ₱40,000 costs ₱1,809.09 a month and ₱3,418.16 in interest. Go for two months only when you have 72 posted contributions and the larger amount saves you from a costlier loan.
Borrow from SSS before Pag-IBIG when you have 36 posted contributions. On ₱20,000 over 24 months, SSS costs ₱2,110.84 in all (interest, service fee and the circular's advance interest), while the Pag-IBIG Multi-Purpose Loan costs ₱4,543.12 in interest, grace period included. If you are short of contributions, the MPL is the next cheapest option on this site.
Next: Check your posted contributions in My.SSS, then compare any amount side by side in the SSS or Pag-IBIG calculator.
Loan amount and payment by salary credit
| Average salary credit | One-month loan | Per month | Two-month loan | Per month |
|---|---|---|---|---|
| ₱5,000 | ₱5,000 | ₱226.14 | ₱10,000 | ₱452.27 |
| ₱10,000 | ₱10,000 | ₱452.27 | ₱20,000 | ₱904.55 |
| ₱15,000 | ₱15,000 | ₱678.41 | ₱30,000 | ₱1,356.82 |
| ₱20,000 | ₱20,000 | ₱904.55 | ₱40,000 | ₱1,809.09 |
Loan-amount rule in Circular No. 2025-004 (items IV.C.1 and IV.C.2): the average of your 12 latest posted salary credits under the Regular SS Program, capped at ₱20,000, at 8% a year over 24 months, effective June 16, 2025. SSS
Next: Find your row: your posted salary credits are listed under contributions in My.SSS, and the SSS contribution table 2026 shows which contribution buys which credit.
Other SSS cash loans
| Loan | Contributions | Amount | Rate and term |
|---|---|---|---|
| Salary loan | 36 or 72 | Up to ₱40,000 | 8% a year, 24 months |
| Emergency Loan | 18 (half the amount) or 36 | Up to ₱20,000 | 7% a year, 30 months with a 6-month moratorium |
| Calamity Loan | 36, in a declared calamity area | Up to ₱20,000 | 7% a year, 24 months |
| LoanLite | 12 (36 for the full amount) | ₱1,000 to ₱20,000 | 8% a year (the initial salary loan rate), 15, 30, 60 or 90 days |
LoanLite is applied for in the app of a participating bank, not in My.SSS; as of October 2, 2026, SSS lists UnionDigital Bank, with RCBC, Land Bank and UnionBank to follow. Below 36 contributions the loan is smaller (SSS's example: 11% of the average salary credit for a member with 12 contributions); 36 contributions, 6 of them in the last 12 months, qualify for up to ₱20,000. Salary loan per Circular No. 2025-004 (effective June 16, 2025); Emergency Loan per Circular No. 2026-003 (signed April 28, 2026); Calamity Loan per Circular No. 2025-006 (August 2025); LoanLite per SSS Circular 2026-005 and the SSS advisory of October 2, 2026. SSS LoanLite page SSS advisory, October 2, 2026
Next: Hit by a typhoon or flood? Work out the emergency or calamity loan in the SSS emergency and calamity loan calculator.
If a payment goes wrong
- Late amortization: 1% a month, charged for every day of delay. SSS prorates the 1% monthly penalty by the day, so a ₱904.55 amortization paid one full month late carries about ₱9.05 in penalty. Pay by the last day of the month after the applicable month; if the deadline falls on a Saturday, Sunday or holiday, you may pay on the next working day.
- Default: The total unpaid principal, interest and penalties reaches more than six (6) monthly amortizations, or a balance is left after the 24-month term. 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. Keep the unpaid total below six amortizations and clear the balance before month 24; after the term, 10% annual interest plus a 1% monthly penalty until fully paid.
- Leaving your job. If you leave your employer, the employer deducts the whole loan balance from the pay or benefits due to you and remits it to SSS; any shortfall is reported to SSS on the Loan Collection List. Check your final pay slip for the deduction, and pay any remainder yourself with a PRN.
Next: Generate a PRN and see the payment channels on the SSS Pay Loans page; employees can check the deduction on their payslip with the Reading your payslip and BIR Form 2316 guide.
How to file, step by step
Filing route: A member shall file the loan application online through the SSS Website by accessing their My.SSS account or through the MySSS mobile application. SSS lists no paper documents for the salary loan; the application, certification and disbursement account are all done in My.SSS.
Before you start
- A My.SSS account (or the MySSS app) with your posted contributions: 36 for a one-month loan, 72 for a two-month loan, 6 of them in the last 12 months.
- A MySSS Card, UMID ATM Pay Card or single PESONet bank account in your name, to enroll in DAEM.
- Updated mobile number and email in My.SSS.
- If employed: an employer that is up to date on contributions and loan remittances, and has its own My.SSS account to certify your application.
Steps
- Log in to My.SSS (or the MySSS app) and check that you have 36 posted contributions for a one-month loan or 72 for a two-month loan, 6 of them in the 12 months before this month.
- Enroll a disbursement account in the Disbursement Account Enrollment Module (DAEM) of My.SSS. It must be an active MySSS Card, UMID ATM Pay Card, or a single account in your name at a PESONet participating bank. SSS releases the loan only to the account enrolled in DAEM, so it must show as enrolled before you file.
- Update your contact details in My.SSS if they changed, or file SSS Form E-4 (Member Data Change Request) at a branch.
- File the salary loan application online in My.SSS and read the Disclosure Statement it shows; it carries your exact effective interest rate. The Disclosure Statement shows your effective interest rate; check it against your result here before you confirm.
- If employed, your employer certifies the application in its own My.SSS account, attesting that your net take-home pay covers the amortization. Employed members' applications need this certification; if it stays pending, ask your HR or payroll officer.
- Self-employed, voluntary and land-based OFW members pay each amortization with a Payment Reference Number (PRN) at an SSS branch with tellering facility or an SSS-accredited collecting agent. Each payment uses its own PRN and is due by the last day of the month after the applicable month.
SSS Salary Loan page · The SSS contribution table 2026 shows the salary credit your contribution buys.
Who can apply
- Under 65 years old at the time of application
- For self-employed, voluntary (including non-working spouse) and land-based OFW members, at least 6 posted contributions under your current membership type before the month you apply
- Employer is updated on contributions and loan remittances (employed members)
- No past-due SSS salary loan or other member loan, and no final benefit granted (for example retirement or permanent total disability)
- An active disbursement account enrolled in My.SSS (DAEM)
Circular No. 2025-004, eligibility
For a question about your own loan balance, a missing payment or a rejected application, contact SSS: hotline 1455 or usssaptayo@sss.gov.ph, or any SSS branch. SSS contact details
Questions about the SSS salary loan
What is the maximum SSS salary loan in 2026?
₱40,000 on a two-month loan and ₱20,000 on a one-month loan. The loan is one or two times the average of your 12 latest posted salary credits under the Regular SS Program, which tops out at ₱20,000.
How do I compute my SSS loanable amount?
Average your 12 latest posted monthly salary credits (shown under contributions in My.SSS), round up to the next salary credit, and multiply by 1 (36 contributions) or 2 (72 contributions). An average of ₱15,000 means ₱15,000 or ₱30,000.
How is the SSS salary loan calculated?
At 8% a year on the diminishing balance over 24 equal monthly payments. SSS deducts the 1% service fee and the advance interest from the proceeds, so ₱20,000 costs ₱904.55 a month.
When can I renew my SSS salary loan?
After 6 months from approval, if not past due and the last 3 amortizations were paid on time. Net proceeds of a renewal must be at least ₱2,000 (₱100 for kasambahay). The balance of the old loan is deducted from the new one.
Can I cancel or pay off an SSS salary loan early?
A salary loan cannot be cancelled once granted. You may pay the outstanding penalty, interest and principal in full at any time.
How does SSS apply my payments?
Payments go to penalty first, then interest, then principal. Any amount above the monthly amortization goes the same way.
Why is the rate on my Disclosure Statement different?
The Annual Effective Interest Rate (EIR) may vary slightly per borrower, depending on the loan amount, release date, amortization start date and charges. Your EIR is shown in the Disclosure Statement during the application.
Can I take an SSS emergency loan and a salary loan at the same time?
Members may apply for the ELP and an SSS salary loan at the same time, subject to each program's rules. The emergency loan has its own rules and a 6-month payment holiday.