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SSS Salary Loan Calculator

SSS lends against your Monthly Salary Credit, not your payslip — and that credit caps at ₱20,000, no matter how high your salary runs.

Your Contribution History

₱

Last 12 months, roughly. SSS converts this to a Monthly Salary Credit.

Total months of contributions on record, not years employed.

At least 6 of these were posted in the last 12 months
Used loan penalty condonation in the last 5 years
1-Month Salary Loan

You may borrow up to

₱20,000.00

Monthly Salary Credit

₱20,000

32 more posted contributions unlocks a 2-month loan — up to ₱40,000

Service Fee (1%)−₱200.00
Net Proceeds₱19,800.00
Monthly Amortization₱904.55
Gross Loan Amount₱20,000.00
Interest Rate8% p.a., diminishing
Total Interest (24 mos.)₱1,709.10
Total to Repay₱21,709.10

*24 equal amortizations, starting the second month after release.

How This Calculator Works

SSS doesn't lend against your take-home pay. It converts your compensation into a Monthly Salary Credit (MSC) — a bracket value in ₱500 steps — and then only counts the portion of that credit that falls under the Regular SS Program, which tops out at ₱20,000. Anything your salary credit carries above that goes to a separate retirement fund (the MPF), not your borrowing power. This tool applies that cap automatically, then multiplies by 1 or 2 depending on how many contributions you've posted.

For the full breakdown of where these numbers come from, see our SSS Salary Loan Guide.

Eligibility at a Glance

 1-Month Loan2-Month Loan
Contributions needed36 total72 total
Within last 12 monthsAt least 6At least 6
Maximum loan₱20,000₱40,000
Age limitUnder 65 at time of application

Interest, Fees, and Repayment

  • 8% per annum on a diminishing balance if you're in good standing; 10% if you've availed of loan penalty condonation in the past 5 years.
  • A 1% service fee comes off the approved amount before release — the figure above already reflects that.
  • Repaid over 24 fixed monthly amortizations, starting the second month after the loan is credited.
  • Employed members get it deducted from payroll automatically. Self-employed, voluntary members, and OFWs pay it manually, the same way they pay contributions.
  • Late amortizations add a 1% monthly penalty on the overdue balance.
⚠️
Don't confuse the ₱35,000 ceiling with the loan cap.₱35,000 is the top Monthly Salary Credit for contributions and future pension. For salary loan purposes, only the first ₱20,000 of that counts. Earning ₱25,000 or ₱95,000 a month makes no difference to your loan ceiling — both land on the same cap.

Frequently Asked Questions

Why does the calculator cap my salary at ₱20,000?▼
Because SSS does too. Salary loans are computed only against the Regular SS Program portion of your salary credit, which has a ₱20,000 ceiling. The portion between ₱20,000 and ₱35,000 goes to the Mandatory Provident Fund (MPF) — it grows your pension, not your loan.
What counts as a "posted" contribution?▼
Once a payment has actually been remitted and recorded on your SSS record for that month — not just deducted from your payslip. Check your contribution history in My.SSS to confirm the exact count before you rely on it.
Can I request less than the maximum?▼
Yes. SSS releases the amount you apply for, or your computed maximum, whichever is lower. Everything on this page is your ceiling, not a fixed amount.
Does an existing salary loan block a new one?▼
A delinquent one does. A salary loan already in good standing and fully paid off doesn't disqualify you from a new one once you're otherwise eligible.

Last updated: July 4, 2026

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