SSS Salary Loan Calculator (Philippines 2026)
Quick answer: an SSS salary loan is 1 or 2 times your average MSC (up to ₱20,000 or ₱40,000), repaid over 24 months at 8% a year. Enter your contributions below to see what you qualify for, what lands in your account after the fee and advance interest, and your monthly payment.
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Your SSS Salary Loan
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Show the 24-month amortization schedule
| Month | Payment | Interest | Principal | Balance |
|---|
Leaving your job with a loan balance? See how it fits into your last pay:
Final Pay CalculatorSSS salary loan computation
The SSS salary loan is a cash advance against your future contributions. Four numbers decide what you get:
Loanable amount = average of 12 latest MSCs (rounded up to the next MSC) × 1 or × 2
Monthly amortization = loan × r ÷ (1 − (1 + r)−24), where r = annual rate ÷ 12
Net proceeds = loan − 1% service fee − advance interest − old loan balance
- Service fee: 1% of the loan, taken out of the proceeds.
- Advance interest: loan × annual rate × days ÷ 365, for the days from the grant date to the end of the month before your first payment (that is, to the end of the following month). It is also deducted at release.
- Monthly amortization: the same amount every month for 24 months. Interest is charged on the remaining balance, so the interest share shrinks as you pay down the loan.
Worked example
A member with an average MSC of ₱20,000, 80 posted contributions (12 in the last year) takes a 2-month loan on 16 July 2026:
- Loan: 2 × ₱20,000 = ₱40,000.00
- Service fee (1%): ₱400.00
- Advance interest: ₱40,000.00 × 8% × 46 ÷ 365 = ₱403.29 (16 July to 31 August is 46 days)
- Net proceeds: ₱39,196.71
- Monthly amortization: ₱1,809.09 for 24 months, total repayment ₱43,418.16, of which ₱3,418.16 is interest
If the same member still owes ₱20,000.00 on an older loan and renews, the balance comes out of the proceeds and the net amount drops to ₱19,196.71.
How much can I borrow at each MSC?
| Average MSC | 1-month loan | Monthly payment | 2-month loan | Monthly payment |
|---|---|---|---|---|
| ₱5,000 | ₱5,000 | ₱226.14 | ₱10,000 | ₱452.27 |
| ₱10,000 | ₱10,000 | ₱452.27 | ₱20,000 | ₱904.55 |
| ₱15,000 | ₱15,000 | ₱678.41 | ₱30,000 | ₱1,356.82 |
| ₱20,000 | ₱20,000 | ₱904.55 | ₱40,000 | ₱1,809.09 |
Source: SSS Salary Loan Program, Circular 2025-004. Last updated: 2026-10-17.
Who qualifies?
- At least 36 posted monthly contributions (1-month loan) or 72 (2-month loan).
- At least 6 contributions in the last 12 months.
- Under 65 years old when you apply, with a My.SSS account and a registered disbursement account.
- Employed, voluntary, self-employed and OFW members can apply as long as the contribution rules are met.
Keep your contributions posted and your MSC accurate. Your MSC drives your loan, your pension and benefits such as the maternity benefit and the sickness benefit. Check yours with the SSS contribution calculator or the contribution table.