SSS Salary Loan Calculator
SSS
Work out an SSS salary loan amount and its 24-month amortisation from your monthly salary credit and a rate you enter.
This calculator does not carry current agency interest or dividend rates. You enter the rate, so a result is only as current as the figure you typed.
It is an estimate for planning, not an official quotation, and SSS's own computation is what governs. Confirm the figures before you commit to anything.
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.
What this calculator does
You give it three things: your Monthly Salary Credit, whether you want one month’s worth or two, and the interest rate to assume. It returns the loan amount and the monthly amortisation over the 24-month term SSS applies to this loan.
The rate field is deliberately empty. This site does not pre-fill agency rates, because a rate typed into a page in one year is a wrong number in the next. The rates SSS publishes are in the table below.
What to put in the salary credit box
SSS sets the loan amount from your salary credit, not from a peso ceiling. 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.
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. Any figure outside that range is not a real salary credit.
| Monthly Salary Credit | Monthly contribution | Employer share | Employee share | |
|---|---|---|---|---|
| Floor | ₱5,000.00 | ₱760.00 | ₱510.00 | ₱250.00 |
| Ceiling | ₱35,000.00 | ₱5,280.00 | ₱3,530.00 | ₱1,750.00 |
The employer share includes the Employees’ Compensation contribution, ₱10.00 at the floor and ₱30.00 at the ceiling.
Rates you can put in the rate box
These are the rates SSS publishes for the salary loan. They are official figures, not estimates.
| Type of application | Rate to enter |
|---|---|
| Initial loan | 8% |
| Renewal with no penalty condonation availed in the past 5 years | 8% |
| Renewal with penalty condonation availed within the past 5 years | 10% |
SSS states the rate is subject to adjustment in response to market conditions, and that adjustments 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 your specific figure appears in the Disclosure Statement shown during the application. So treat 8% or 10% as the input, and the Disclosure Statement as the answer.
How the projection is worked out
The calculator applies standard annuity arithmetic over 24 months, which is the term SSS sets for this loan. It uses the rate you type, on the diminishing principal balance, which is the basis SSS states.
Three things it does not do:
- It does not deduct the 1% service fee SSS charges on the loan amount.
- It does not deduct the pro-rated interest SSS takes in advance, from the granting date to the end of the month before your first amortisation month. SSS does not publish the pro-rated interest formula on the salary loan page.
- It does not deduct the outstanding balance of a previous short-term member loan, which SSS also takes off the proceeds.
So the loan amount it returns is the approved amount, not the cash that lands in your account. The rates and the term are official. The payments are this site’s arithmetic on them, not an SSS quotation.
Worked example: a ₱20,000 salary credit at 8%
| One-month loan | Two-month loan | |
|---|---|---|
| Loan amount | ₱20,000 | ₱40,000 |
| Monthly amortisation over 24 months | ₱905 | ₱1,809 |
| Total paid over 24 months | ₱21,709 | ₱43,418 |
| Total interest | ₱1,709 | ₱3,418 |
| 1% service fee deducted from proceeds | ₱200.00 | ₱400.00 |
Doubling the term of credit doubles every line, because nothing in the computation scales with size.
The full range, at both published rates
| Salary credit | One-month loan | Two-month loan | 2-month payment at 8% | 2-month payment at 10% |
|---|---|---|---|---|
| ₱5,000 | ₱5,000 | ₱10,000 | ₱452 | ₱461 |
| ₱10,000 | ₱10,000 | ₱20,000 | ₱905 | ₱923 |
| ₱15,000 | ₱15,000 | ₱30,000 | ₱1,357 | ₱1,384 |
| ₱20,000 | ₱20,000 | ₱40,000 | ₱1,809 | ₱1,846 |
| ₱25,000 | ₱25,000 | ₱50,000 | ₱2,261 | ₱2,307 |
| ₱30,000 | ₱30,000 | ₱60,000 | ₱2,714 | ₱2,769 |
| ₱35,000 | ₱35,000 | ₱70,000 | ₱3,166 | ₱3,230 |
What the 2-point rate difference is worth
Running the same two-month loan at 8% and again at 10% is the cheapest way to see what penalty condonation costs you later.
| Loan amount | Interest at 8% | Interest at 10% | Extra interest | Extra per month |
|---|---|---|---|---|
| ₱10,000 | ₱855 | ₱1,075 | ₱220 | ₱9 |
| ₱20,000 | ₱1,709 | ₱2,150 | ₱440 | ₱18 |
| ₱30,000 | ₱2,564 | ₱3,224 | ₱661 | ₱28 |
| ₱40,000 | ₱3,418 | ₱4,299 | ₱881 | ₱37 |
| ₱50,000 | ₱4,273 | ₱5,374 | ₱1,101 | ₱46 |
| ₱60,000 | ₱5,127 | ₱6,449 | ₱1,321 | ₱55 |
| ₱70,000 | ₱5,982 | ₱7,523 | ₱1,542 | ₱64 |
The monthly difference is small enough to disappear in a payslip. The total is not: ₱1,542 on a ₱70,000 loan.
Using it for the calamity loan instead
The SSS calamity loan uses the same 24-month term and the same salary credit basis, but only a one-month amount and a different rate: 7% for an initial loan, 10% for a renewal after penalty condonation. Set the months field to 1 and type 7 to project it.
| Loan amount | Salary loan at 8% | Calamity loan at 7% | Interest saved |
|---|---|---|---|
| ₱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 |
Read next
- SSS salary loan guide for the 36 and 72 contribution thresholds, the renewal rules and the 1% penalty on late payments
- SSS calamity loan guide for the 7% window and the worked pro-rated interest example SSS publishes
- SSS retirement pension guide, which explains why an unpaid loan is deducted in full from a final benefit
- All SSS guides
- Other calculators
- How figures on this site are sourced