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SSS Salary Loan Calculator 2026

Estimate SSS salary loan payments and proceeds using regular salary credits, 8% or 10% interest, the 1% service fee and date-based advance interest.

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Cap each of the twelve MSCs at ₱20,000 before averaging. Do not enter gross salary, contribution payments or the MPF component.

Use a proposed date for planning. Actual grant and amortization dates in the SSS disclosure control the deduction.

Use SSS's settlement amount, including applicable interest and penalties—not just the principal shown in an old statement.

How this salary loan estimate works

Average the twelve latest posted regular-program MSCs. A one-month loan uses that average; a two-month loan uses twice the average. The result is rounded up to the next MSC increment, subject to the applicable ceiling and a lower requested amount. For two-month estimates, this tool doubles the unrounded average first, then rounds the loan amount up to a ₱500 step (for example, ₱10,100 × 2 becomes ₱20,500). Confirm the approved amount in your SSS disclosure. The tool estimates the ceiling; it does not approve a loan.

The regular MSC ceiling is ₱20,000, not the ₱35,000 total contribution ceiling. Those higher contributions include the separate MPF component. Thus a two-month salary loan is capped at ₱40,000 under these rules, not ₱70,000.

Advance interest is date-based

Circular 2025-004, page 4, illustrates a ₱20,000 loan granted April 15, 2025: interest runs April 16–May 31, or 46 days. At 8%, ₱20,000 × 8% × 46 ÷ 365 = ₱201.64. With a ₱200 service fee and no old balance, cash proceeds are ₱19,598.36. This is the circular's illustration, not a statement that its new terms applied to every April 2025 loan.

This tool follows that 365-day example and assumes grant and approval share a date. Amortization starts in the second month after approval. The displayed due date is not adjusted for weekends or holidays; use the next working day where required.

Eligibility and renewal

One-month and two-month loans require 36 and 72 posted contributions respectively, including six in the twelve months before the application month. SE, voluntary (including non-working spouse) and land-based OFW members also need six posted contributions under their current coverage type. SSS checks other conditions, including age, loan status and employer remittances.

Renewal can be allowed after six months from approval when the existing loan is not past due and the last three installments were paid on time. This is not the old blanket 50%-paid rule. Renewal proceeds must meet the applicable minimum after deductions.

Read the salary loan requirements and application guide and loan balance guide. The SSS contribution calculator estimates contributions; the debt payoff tool helps compare payment scenarios without promising approval.

Official references

Checked September 13, 2026: SSS Circular 2025-004, sections IV.C–J and the current SSS salary loan page. Do not use this tool for a different SSS loan product.

Frequently Asked Questions

What is the maximum SSS salary loan?
The regular-program MSC ceiling is ₱20,000. This gives a one-month ceiling of ₱20,000 and a two-month ceiling of ₱40,000, subject to eligibility, the twelve latest posted regular MSCs and the amount requested.
Which interest rate applies?
Circular 2025-004 specifies 8% annually on diminishing principal for initial loans and renewals without penalty condonation in the past five years; qualifying renewals with condonation within five years use 10%. Check your disclosure statement.
Why is cash received less than the approved amount?
SSS deducts a 1% service fee, date-based prorated interest and any applicable previous short-term loan balance. The calculator estimates these separately.
When is the first installment due?
Amortization starts in the second month after approval; payment is due by the last day of the following month. A weekend or holiday deadline moves to the next working day.
Does this calculator confirm loan eligibility?
No. SSS must check contributions, membership, age, employer compliance and loan history. This is not a settlement quote for an existing loan or a calculator for LoanLite, calamity or pension loans.