SSS Loan Calculator 2025-2026
Calculate your SSS salary loan amount and monthly amortization. 2025 rates: 8% interest, 24-month term, up to P70,000 maximum loan.
Last updated:
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Your average MSC over the last 12 months (₱5,000 - ₱35,000)
SSS Salary Loan Program 2025
The SSS Salary Loan is a cash loan program for active SSS members who need financial assistance. It offers low interest rates compared to banks and private lenders, making it an excellent option for short-term borrowing needs.
2025 Update: SSS has announced reduced interest rates effective July 2025.
The salary loan rate will decrease from 10% to 8% per annum, and
calamity loan rate to 7% per annum.
SSS Loan Interest Rates 2025
| Loan Type | Interest Rate | Notes |
|---|---|---|
| Salary Loan (Standard) | 8% per annum | For members without condonation history |
| Salary Loan (After Condonation) | 10% per annum | For members who availed penalty condonation |
| Calamity Loan | 7% per annum | For members in calamity-declared areas |
Loanable Amount
| Loan Type | Contribution Requirement | Loanable Amount | Maximum |
|---|---|---|---|
| One-Month Loan | 36 total (6 in last 12 months) | Average of 12 latest MSCs | ₱35,000 |
| Two-Month Loan | 72 total (6 in last 12 months) | 2x Average of 12 latest MSCs | ₱70,000 |
Eligibility Requirements
- Active Membership: Must be employed, self-employed, voluntary, or OFW with updated contributions
- Age: Below 65 years old at time of application
- Contributions: At least 36 months total, with 6 posted in the last 12 months
- No Arrears: Must not have any existing loan in default or arrears
- No Final Benefits: Must not have claimed any SSS final benefit (retirement, death, etc.)
Loan Terms and Fees
- Loan Term: 24 months (2 years)
- Service Fee: 1% of loan amount (deducted from proceeds)
- Late Payment Penalty: 1% per month on unpaid amount
- Advance Interest: First month's interest deducted from proceeds
How to Apply for SSS Salary Loan
- Log in to your My.SSS account
- Go to E-Services → Loans → Apply for Salary Loan
- Check your loanable amount (automatically displayed)
- Select desired loan amount (you may choose less than maximum)
- Confirm your disbursement bank account
- Submit application and wait for approval
Loan Renewal Requirements
To renew your SSS salary loan, you must have paid at least 50% of your existing loan (12 months of the 24-month term) and meet the same eligibility requirements as new loans.
Frequently Asked Questions
What is the SSS loan interest rate for 2025?
The SSS salary loan interest rate is 8% per annum for standard loans. If you previously availed of a loan penalty condonation program, the rate is 10% per annum. This is significantly lower than most bank and private lender rates.
How much can I borrow from SSS?
Your loanable amount depends on your contributions: One-month loan (36+ contributions) equals your average MSC over 12 months, up to ₱35,000. Two-month loan (72+ contributions) equals twice your average MSC, up to ₱70,000.
What are the SSS loan eligibility requirements?
To qualify for an SSS salary loan: (1) You must be an active SSS member below 65 years old, (2) Have at least 36 monthly contributions (72 for two-month loan), (3) Have at least 6 contributions in the last 12 months, (4) Have no existing loan in arrears.
How long is the SSS loan repayment period?
The SSS salary loan is payable in 24 equal monthly installments (2 years). The first payment is due on the second month following the date of loan. Late payments incur a 1% monthly penalty on the unpaid amount.
What is deducted from SSS loan proceeds?
From your approved loan amount, SSS deducts: (1) 1% service fee, and (2) Advance interest for the first month. The remaining amount is credited to your bank account within 3-5 working days.