SSS Salary Loan Calculator 2026
An SSS salary loan lends you one or two months of your average monthly salary credit, repaid in 24 months at 10% a year. With 36 posted contributions and a ₱ 20,000 salary, you can borrow ₱ 20,000.00 and pay ₱ 922.90 a month.
Tables: 2026
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Result
Monthly amortization at 10%
₱ 922.90
Tables: 2026
| Average of the highest salary credits | ₱ 20,000.00 |
|---|---|
| Loanable amount (1 month(s)) | ₱ 20,000.00 |
| Monthly amortization at 10% | ₱ 922.90 |
| Total interest | ₱ 2,149.55 |
| Total amount paid | ₱ 22,149.55 |
Notes
- You qualify for a one-month salary loan.
- SSS deducts a service fee and any unpaid previous loan from the proceeds; they are not included here.
How this was computed
Loan amount = average of your 12 highest monthly salary credits (up to ₱ 20,000) × 1 month with at least 36 posted contributions, or × 2 months with at least 72. It is repaid in 24 monthly amortizations at 10% a year on the diminishing balance.
Show the full table (24 rows)
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | ₱ 922.90 | ₱ 166.67 | ₱ 756.23 | ₱ 19,243.77 |
| 2 | ₱ 922.90 | ₱ 160.36 | ₱ 762.54 | ₱ 18,481.23 |
| 3 | ₱ 922.90 | ₱ 154.01 | ₱ 768.89 | ₱ 17,712.34 |
| 4 | ₱ 922.90 | ₱ 147.60 | ₱ 775.30 | ₱ 16,937.04 |
| 5 | ₱ 922.90 | ₱ 141.14 | ₱ 781.76 | ₱ 16,155.28 |
| 6 | ₱ 922.90 | ₱ 134.63 | ₱ 788.27 | ₱ 15,367.01 |
| 7 | ₱ 922.90 | ₱ 128.06 | ₱ 794.84 | ₱ 14,572.17 |
| 8 | ₱ 922.90 | ₱ 121.43 | ₱ 801.47 | ₱ 13,770.70 |
| 9 | ₱ 922.90 | ₱ 114.76 | ₱ 808.14 | ₱ 12,962.56 |
| 10 | ₱ 922.90 | ₱ 108.02 | ₱ 814.88 | ₱ 12,147.68 |
| 11 | ₱ 922.90 | ₱ 101.23 | ₱ 821.67 | ₱ 11,326.01 |
| 12 | ₱ 922.90 | ₱ 94.38 | ₱ 828.52 | ₱ 10,497.49 |
| 13 | ₱ 922.90 | ₱ 87.48 | ₱ 835.42 | ₱ 9,662.07 |
| 14 | ₱ 922.90 | ₱ 80.52 | ₱ 842.38 | ₱ 8,819.69 |
| 15 | ₱ 922.90 | ₱ 73.50 | ₱ 849.40 | ₱ 7,970.29 |
| 16 | ₱ 922.90 | ₱ 66.42 | ₱ 856.48 | ₱ 7,113.81 |
| 17 | ₱ 922.90 | ₱ 59.28 | ₱ 863.62 | ₱ 6,250.19 |
| 18 | ₱ 922.90 | ₱ 52.08 | ₱ 870.82 | ₱ 5,379.37 |
| 19 | ₱ 922.90 | ₱ 44.83 | ₱ 878.07 | ₱ 4,501.30 |
| 20 | ₱ 922.90 | ₱ 37.51 | ₱ 885.39 | ₱ 3,615.91 |
| 21 | ₱ 922.90 | ₱ 30.13 | ₱ 892.77 | ₱ 2,723.14 |
| 22 | ₱ 922.90 | ₱ 22.69 | ₱ 900.21 | ₱ 1,822.93 |
| 23 | ₱ 922.90 | ₱ 15.19 | ₱ 907.71 | ₱ 915.22 |
| 24 | ₱ 922.85 | ₱ 7.63 | ₱ 915.22 | ₱ 0.00 |
Estimate only. Not legal, tax, or financial advice.
Worked example
36 contributions and a salary of ₱ 20,000 a month. Average salary credit: ₱ 20,000.00. Loan: ₱ 20,000.00. Monthly amortization: ₱ 922.90; total interest: ₱ 2,149.55.
How it works
The calculator converts your salaries into salary credits, averages the 12 highest and multiplies by one month if you have at least 36 posted contributions, or two months with at least 72. It then computes 24 equal monthly payments at 10% a year on the diminishing balance and shows the schedule.
Loan amount = average of your 12 highest monthly salary credits (up to ₱ 20,000) × 1 month with at least 36 posted contributions, or × 2 months with at least 72. It is repaid in 24 monthly amortizations at 10% a year on the diminishing balance.
Frequently asked questions
How much can I borrow with an SSS salary loan?
One month of your average monthly salary credit with at least 36 posted contributions, or two months with at least 72, based on your 12 highest salary credits.
What is the SSS salary loan interest rate?
10% a year on the diminishing balance, repaid in 24 monthly amortizations.
Are there fees on an SSS salary loan?
SSS deducts a service fee and any unpaid previous loan from the proceeds, and late payments incur a penalty. These are not included in the estimate.
Who can apply for an SSS salary loan?
Employed, self-employed, voluntary and OFW members with enough posted contributions, recent contributions and no loan in default. You apply online through the My.SSS portal.