SSS Salary Loan: 8% Rate, Amounts and Payments
Social Security System · loans
Quick answer
The SSS salary loan charges 8% per year on a diminishing balance, or 10% on a renewal after penalty condonation, payable in 24 equal monthly amortisations. A one-month loan needs 36 posted contributions; a two-month loan needs 72. A 1% service fee is deducted from the proceeds.
Last verified
Where these figures come from
About these figures: the numbers below come from SSS's official published sources: Social Security System | Salary Loan (https://www.sss.gov.ph/salary-loan/, retrieved 2026-08-31); Social Security System | SSS Contribution Table (https://www.sss.gov.ph/sss-contribution-table/, retrieved 2026-08-31); Social Security System | Calamity Loan Program (https://www.sss.gov.ph/calamity-loan/, 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 SSS salary loan is a short-term loan against your contribution record. SSS charges 8% per year on a diminishing principal balance, lends one or two months of your Monthly Salary Credit, and collects it back in 24 equal monthly amortisations. The programme runs under SSS Circular 2025-004.
What sets the loan amount
The amount is not a peso ceiling SSS publishes. It is your own salary credit.
- A one-month loan equals the average of your 12 latest posted Monthly Salary Credits under the Regular SS Program, rounded to the next higher MSC, or the amount you applied for, whichever is lower.
- A two-month loan is twice that average, on the same rounding rule.
The MSC schedule itself sets the outer limits. Under SSS Circular 2024-006, effective January 2025, the contribution rate is 15%, the minimum MSC is ₱5,000.00 and the maximum is ₱35,000.00. So the smallest one-month loan is ₱5,000 and the largest two-month loan is ₱70,000.
| Average of your 12 latest MSCs | One-month loan | Two-month loan |
|---|---|---|
| ₱5,000 | ₱5,000 | ₱10,000 |
| ₱10,000 | ₱10,000 | ₱20,000 |
| ₱15,000 | ₱15,000 | ₱30,000 |
| ₱20,000 | ₱20,000 | ₱40,000 |
| ₱25,000 | ₱25,000 | ₱50,000 |
| ₱30,000 | ₱30,000 | ₱60,000 |
| ₱35,000 | ₱35,000 | ₱70,000 |
Who qualifies
| Requirement | One-month loan | Two-month loan |
|---|---|---|
| Posted monthly contributions | 36 | 72 |
| Of which, posted in the last 12 months before filing | 6 | 6 |
| Extra rule for self-employed, voluntary, non-working spouse and land-based OFW members | 6 posted contributions under the current membership type | 6 posted contributions under the current membership type |
On top of the contribution counts, SSS requires all of the following. The employer of an employed member must be up to date on contributions and loan remittances, and the member must:
- not have been granted a final benefit such as permanent total disability or retirement, unless that benefit has already been cancelled because of re-employment, resumption of self-employment or recovery from total disability
- be of legal age and under 65 years of age at the time of application
- have no past due salary loan, including under SLERP or EALP, or other short-term or long-term member loan
- not have been disqualified for fraud committed against the SSS
- have updated contact information in the SSS database
- have an active disbursement account enrolled through the Disbursement Account Enrollment Module in the My.SSS portal
The two interest rates
SSS publishes two rates, and which one you get depends on your own history.
| Type of application | Interest rate |
|---|---|
| Initial loan | 8% per annum on the diminishing principal balance |
| Renewal with no penalty condonation availed in the past 5 years | 8% per annum on the diminishing principal balance |
| Renewal with penalty condonation availed within the past 5 years | 10% per annum on the diminishing principal balance |
SSS states that the rate is subject to adjustment in response to market conditions, that adjustments are announced through official SSS channels, and that they apply only to new or renewed loans from the date of the adjustment. It also states that the annual effective interest rate varies slightly per borrower depending on the loan amount, release date, amortisation start date and charges, and that the specific figure appears in your Disclosure Statement.
Monthly payments and total interest
The rates and the 24-month term are official. The payments below are not. They are standard annuity arithmetic run on those rates by this site, and they do not model the pro-rated interest deducted in advance.
| Loan amount | Payment at 8% | Interest at 8% | Payment at 10% | Interest at 10% |
|---|---|---|---|---|
| ₱5,000 | ₱226 | ₱427 | ₱231 | ₱537 |
| ₱10,000 | ₱452 | ₱855 | ₱461 | ₱1,075 |
| ₱20,000 | ₱905 | ₱1,709 | ₱923 | ₱2,150 |
| ₱30,000 | ₱1,357 | ₱2,564 | ₱1,384 | ₱3,224 |
| ₱40,000 | ₱1,809 | ₱3,418 | ₱1,846 | ₱4,299 |
| ₱50,000 | ₱2,261 | ₱4,273 | ₱2,307 | ₱5,374 |
| ₱60,000 | ₱2,714 | ₱5,127 | ₱2,769 | ₱6,449 |
| ₱70,000 | ₱3,166 | ₱5,982 | ₱3,230 | ₱7,523 |
The 2-percentage-point gap between the two rates is worth ₱1,542 on a ₱70,000 loan and ₱220 on a ₱10,000 loan. On the monthly payment it is small, ₱64 and ₱9 respectively, which is exactly why the difference is easy to miss when the only number you look at is the amortisation.
The SSS salary loan calculator will run your own salary credit against a rate you enter.
What you actually receive
The approved loan amount is not the amount that lands in your account. SSS deducts three things from the proceeds: the 1% service fee, the pro-rated interest from the granting date to the end of the month before your first amortisation month, and the outstanding balance of any previous short-term member loan.
| Loan amount | 1% service fee | Amount left after the service fee alone |
|---|---|---|
| ₱10,000 | ₱100.00 | ₱9,900.00 |
| ₱20,000 | ₱200.00 | ₱19,800.00 |
| ₱30,000 | ₱300.00 | ₱29,700.00 |
| ₱40,000 | ₱400.00 | ₱39,600.00 |
| ₱50,000 | ₱500.00 | ₱49,500.00 |
| ₱70,000 | ₱700.00 | ₱69,300.00 |
That last column is not the net proceeds. Pro-rated interest comes off as well, and how much depends on the day the loan is granted. SSS does not publish the pro-rated interest formula on the salary loan page, so this guide does not apply one to these figures. It does publish the method on the SSS calamity loan page, where a worked example is given.
Repayment schedule and what late costs
- 24 equal monthly amortisations, starting on the second month following the month of approval.
- Each payment is due on or before the last day of the month following the applicable month. SSS publishes this illustration: March 2025 is due 30 April 2025, April 2025 is due 31 May 2025, and May 2025 is due 30 June 2025.
- If a deadline falls on a Saturday, Sunday or holiday, payment may be made on the next working day.
- Pay using a Payment Reference Number at any SSS branch with tellering facilities, or through any SSS-accredited collecting agent.
| What goes wrong | What SSS charges |
|---|---|
| Amortisation paid after the due date | Penalty of 1% per month, computed and charged for every day of delay |
| Loan still unpaid after the loan term | 10% annual interest plus a 1% monthly penalty until fully paid |
| Unpaid obligation exceeding 6 monthly amortisations, or any balance left after the term | The loan is in default and the full balance becomes due and demandable without demand or notice |
Any payment, including an excess in a monthly amortisation, is applied in a fixed order: penalty first, then interest, then principal. An overpayment on a previous loan is applied to an active loan in that same order, or refunded on request if there is no active loan.
If the loan is unpaid at maturity, SSS is authorised to collect the outstanding balance, with interest and penalties, from any SSS benefit due to you or your beneficiaries. On a final benefit claim such as retirement, permanent total disability or death, the balance is deducted from the proceeds.
Renewing the loan
| Situation | When you can renew |
|---|---|
| Existing loan, not past due, last 3 amortisations paid on time | 6 months from the date of loan approval |
| Fully paid loan, last 3 amortisations paid on time | Immediately |
| Fully paid loan, any of the last 3 amortisations paid late | 3 months from the date of full payment |
The balance of the existing loan is deducted from the proceeds of the new one. SSS sets a floor on what is left: the new loan’s proceeds must be ₱2,000.00 or more after charges and the prior balance, except for kasambahay and household employees, where the floor is ₱100.00.
Cancellation is not allowed. If you want to end the loan before the term is up, you pay the outstanding balance in full, made up of penalty if any, interest and principal, as of the settlement date.
Salary loan against calamity loan
Both are short-term member loans, both run 24 months, and both are computed off the same MSC average. The rate and the eligibility differ.
| Salary loan | Calamity loan | |
|---|---|---|
| Initial interest rate | 8% per annum | 7% per annum |
| Rate after penalty condonation in the past 5 years | 10% per annum | 10% per annum |
| Loan amount | 1 or 2 months of the MSC average | 1 month of the MSC average |
| Contributions needed | 36 for one month, 72 for two | 36 |
| Extra condition | None | Must reside in, or work for an employer located in, a declared calamity area |
| Service fee | 1% | 1% |
| Renewal proceeds floor | ₱2,000.00 | ₱1,000.00 |
| Circular | 2025-004 | 2025-006 |
On the same one-month amount over 24 months, the 1-point rate gap is worth this much in projected interest.
| Loan amount | Salary loan at 8% | Calamity loan at 7% | Interest difference |
|---|---|---|---|
| ₱10,000 | ₱855 | ₱745 | ₱109 |
| ₱20,000 | ₱1,709 | ₱1,491 | ₱218 |
| ₱30,000 | ₱2,564 | ₱2,236 | ₱327 |
| ₱35,000 | ₱2,991 | ₱2,609 | ₱382 |
How to apply
A member files the loan application online through the SSS website by accessing their My.SSS account, or through the MySSS mobile application. There is no over-the-counter route published on the salary loan page.
Proceeds are released through an active MySSS Card or UMID ATM Pay Card, or to an active single account in any PESONet participating bank in the member’s name, enrolled in the Disbursement Account Enrollment Module of the member’s My.SSS account.
What this page does not cover
SSS does not publish, on the salary loan page, the pro-rated interest formula for this loan, the exact annual effective interest rate for any given borrower, the processing time from filing to release, or the penalty condonation programme rules that decide whether you get the 8% or the 10% rate. None of those are stated here. The full rules are in SSS Circular 2025-004, Guidelines of the SSS Salary Loan Program, linked from the page itself.
Related
The SSS salary loan calculator runs your own figures. The SSS calamity loan guide covers the 7% window that opens after a declared calamity, and the SSS retirement pension guide covers what the same contribution record eventually pays out, including the deduction of any unpaid loan from the final benefit.
Frequently asked questions
- How much can I borrow from the SSS salary loan?
- A one-month loan equals the average of your 12 latest posted Monthly Salary Credits under the Regular SS Program, rounded to the next higher MSC, or the amount you applied for, whichever is lower. A two-month loan is twice that average. With the MSC ceiling at ₱35,000, the largest two-month loan is ₱70,000.
- How many contributions do I need?
- 36 posted monthly contributions for a one-month loan and 72 for a two-month loan, with 6 of them posted within the last 12 months before the month you file. Self-employed, voluntary and land-based OFW members also need at least 6 posted contributions under their current membership type.
- What is the SSS salary loan interest rate?
- 8% per annum on the diminishing principal balance for an initial loan, or for a renewal where you have not availed of penalty condonation in the past 5 years. It is 10% per annum if you availed of penalty condonation within the past 5 years. SSS says the rate can be adjusted in response to market conditions.
- What is deducted from the loan proceeds?
- A service fee of 1% of the loan amount, pro-rated interest from the granting date to the end of the month before your first amortisation month, and the outstanding balance of any previous short-term member loan.
- How long do I pay it, and when does the first payment fall?
- 24 equal monthly amortisations. The first one starts on the second month following the month the loan was approved, and each payment is due on or before the last day of the month after the applicable month.
- When can I renew?
- Six months after the loan was approved, provided the loan is not past due and the last 3 amortisations were paid on time. A fully paid loan can be renewed immediately if the last 3 amortisations were paid on time; otherwise 3 months after full payment. The new loan's proceeds must be at least ₱2,000.00 after charges and the prior balance, or ₱100.00 for kasambahay.
- What happens if I miss payments?
- Amortisations paid after the due date carry a penalty of 1% per month, charged for every day of delay. A loan is in default when the unpaid principal, interest and penalties exceed 6 monthly amortisations, or when a balance remains after the loan term. SSS can deduct an unpaid balance from any benefit due to you or your beneficiaries.
- Are the payment figures on this page official?
- No. The 8% and 10% rates, the 24-month term and the 1% service fee are official. The monthly payment and total interest figures are standard annuity arithmetic run on those rates by this site. SSS notes that the annual effective interest rate varies per borrower and is shown in the Disclosure Statement during application.
More SSS guides
Sources
- Social Security System | Salary Loan, retrieved
- Social Security System | SSS Contribution Table, retrieved
- Social Security System | Calamity Loan Program, retrieved