SSS Conso Loan: Penalty Condonation Terms
Social Security System · loans
Quick answer
The SSS Conso Loan consolidates past due short-term member loans and conditionally condones the penalties. Pay in full within 30 calendar days and 100% of the penalty is waived. Or pay at least 10% down and amortise the rest over 6 to 60 months at 10% per annum.
Last verified
Where these figures come from
About these figures: the numbers below come from SSS's official published sources: Social Security System | SSS Conso Loan Program (https://www.sss.gov.ph/sss-conso-loan-program/, retrieved 2026-08-31); Social Security System | Citizen's Charter 2026 (1st Edition, External Services) (https://www.sss.gov.ph/wp-content/uploads/2026/07/2026-SSS-Citizens-Charter-1st-Edition-External-Services.pdf, retrieved 2026-08-31). Agencies change fees and rates without notice, so confirm with SSS before you rely on them. Last verified: 2026-08-31.
The Conso Loan is SSS’s standing route out of a past due member loan. The mechanism is simple: pay, and the penalty goes away in proportion to how fast you pay.
Who qualifies
| Requirement | Rule |
|---|---|
| Loan status | At least one past due SSS Short-Term Member Loan at the time of filing |
| Covered loans | Salary loan including SLERP, calamity loan, emergency loan, restructured loan; others as SSS determines |
| Definition of past due | Unpaid principal, interest and penalties equivalent to more than 3 monthly amortisations, or a remaining unpaid balance after maturity |
| Final benefits | Must not have received a final benefit such as permanent total disability or retirement |
| Conduct | Must not be disqualified for fraud committed against the SSS |
| Account | Must have an active My.SSS account |
How the consolidation works
| Component | What happens to it |
|---|---|
| Outstanding principal and interest on every past due loan | Combined into one SSS Conso Loan |
| Unpaid penalties | Consolidated separately, subject to conditional condonation |
Route 1: one-time payment
| Rule | |
|---|---|
| Deadline | Pay in full within 30 calendar days from receipt of the notice of approval |
| Condonation | 100% of the consolidated penalty is condoned |
| Mandatory route | A consolidated loan amount up to ₱5,000 must be paid by one-time payment only |
Route 2: installment plan
| Rule | |
|---|---|
| Down payment | At least 10% of the total consolidated amount, within 30 calendar days of the notice of approval; a higher percentage may be elected |
| Immediate condonation | Penalty proportionate to the down-payment percentage |
| Remaining condonation | Fully condoned after full payment of the outstanding SSS Conso Loan within the approved terms |
| Ending balance | Must be zero at the end of the term, otherwise the account is in default |
| Flexibility | A shorter term may be selected, or the loan paid in full at any time during the installment period |
The term ladder
| Remaining balance | Maximum term |
|---|---|
| Above ₱5,000 to ₱10,000 | 6 months |
| ₱10,001 to ₱18,000 | 12 months |
| ₱18,001 to ₱36,000 | 24 months |
| ₱36,001 to ₱54,000 | 36 months |
| ₱54,001 to ₱72,000 | 48 months |
| More than ₱72,000 | 60 months |
What it costs to carry
| Charge | Rate |
|---|---|
| Interest | 10% per annum, on a diminishing principal balance, amortised over the approved term |
| Penalty on late payment | 1% per month after the due date until fully paid |
| Service fee | SSS states there is no service fee |
Worked down payments
At the minimum 10%, these are the down payments the ladder implies. They are arithmetic on SSS’s published percentages, not SSS quotations.
| Total consolidated amount | 10% down payment | Remaining balance | Maximum term |
|---|---|---|---|
| ₱10,000 | ₱1,000 | ₱9,000 | 6 months |
| ₱20,000 | ₱2,000 | ₱18,000 | 12 months |
| ₱40,000 | ₱4,000 | ₱36,000 | 24 months |
| ₱60,000 | ₱6,000 | ₱54,000 | 36 months |
| ₱80,000 | ₱8,000 | ₱72,000 | 48 months |
| ₱100,000 | ₱10,000 | ₱90,000 | 60 months |
Note how the ladder is written against the remaining balance, so a larger down payment can move you into a shorter maximum term.
What SSS promises in return
| Benefit | Detail |
|---|---|
| Condonation | All penalties condoned or waived on full payment |
| Terms | Extended repayment terms |
| Fees | No service fee |
| Standing | Restoration of good standing status with SSS |
Default, and what it costs
An account is in default when the member-borrower:
| # | Trigger |
|---|---|
| 1 | Fails to pay the agreed one-time payment or down payment in full within the approved period |
| 2 | Fails to pay an obligation equivalent to more than 6 accumulated monthly amortisations |
| 3 | Fails to complete the installment plan within the approved term |
| 4 | Commits a fraudulent act against SSS or violates its regulations |
On default, the full amount including the uncondoned penalty becomes due and demandable without demand or notice, and the outstanding balance is deducted from benefits: short-term benefits such as sickness, maternity and partial disability, and final benefits such as retirement, total disability or death. Any remaining unpaid balance keeps accruing interest and penalties.
The same deduction applies even without default if you claim a retirement or total disability benefit, or your beneficiaries claim a death benefit, while a balance is outstanding.
The loans this cleans up
| Loan | Interest | Where it is covered |
|---|---|---|
| Salary loan | 8% or 10% per annum, over 24 amortisations | SSS salary loan |
| Calamity loan | 7% or 10% per annum | SSS calamity loan |
| Pension loan | 10% per annum, 2% service fee | SSS pension loan |
| SSS Conso Loan | 10% per annum, no service fee | This page |
Where a past due loan hurts most
| Benefit | What a default costs you |
|---|---|
| Retirement pension | Balance deducted from the proceeds |
| Death and funeral benefit | Deducted from your beneficiaries’ claim |
| Disability benefit | Deducted from a total or partial disability claim |
| Sickness benefit | Deducted from a short-term claim |
| Maternity benefit | Deducted from a short-term claim |
What this page does not cover
SSS does not publish, on the pages read for this guide, the application form number, the processing time for a Conso Loan application, the notice-of-approval delivery method, whether a second Conso Loan is allowed after one is settled, or the treatment of housing loans. None of those are stated here.
Related
The SSS salary loan guide and the calamity loan guide cover the two loans most often consolidated. The My.SSS registration guide covers the account the application needs.
Frequently asked questions
- What is the SSS Conso Loan?
- A consolidated loan with penalty condonation. All outstanding principal and interest on your past due short-term member loans are combined into one SSS Conso Loan, and the unpaid penalties are consolidated separately and subject to conditional condonation.
- Which loans are covered?
- Salary loan including the Salary Loan Early Renewal Program, calamity loan, emergency loan and restructured loan. SSS notes other short-term member loans may be included as it determines.
- What counts as past due?
- A loan with an unpaid obligation of principal, interest and penalties equivalent to more than 3 monthly amortisations, or a loan with a remaining unpaid balance after its maturity.
- How do I get 100% of the penalty condoned?
- Pay the SSS Conso Loan in full within 30 calendar days from receipt of the notice of approval. A consolidated loan amount up to ₱5,000 must be paid by one-time payment only.
- What if I cannot pay in one go?
- Put down at least 10% of the total consolidated amount within 30 calendar days, or more if you choose. The penalty proportionate to your down-payment percentage is condoned immediately, and the remainder is fully condoned once you finish paying the loan within the approved terms.
- What are the installment terms?
- By remaining balance: 6 months above ₱5,000 to ₱10,000; 12 months for ₱10,001 to ₱18,000; 24 months for ₱18,001 to ₱36,000; 36 months for ₱36,001 to ₱54,000; 48 months for ₱54,001 to ₱72,000; and 60 months for more than ₱72,000. A shorter term may be chosen, and you may pay in full at any time.
- What interest applies?
- 10% per annum on a diminishing principal balance, amortised over the approved term until fully paid, with a penalty of 1% per month after the due date on late payment of the monthly amortisation.
- What happens if I default?
- The uncondoned portion of the penalty is reimposed and becomes due and demandable, and the outstanding balance is deducted from any benefit due to you or your beneficiaries, including sickness, maternity and partial disability, and retirement, total disability or death.