How to Apply for an SSS Salary Loan Online

Quick answer

Check two things before you open the loan form: your posted contributions and your disbursement bank account. You need at least 36 posted contributions (6 in the last 12 months) for a 1-month loan, or 72 for a 2-month loan, and a bank account enrolled in My.SSS. A first loan carries 8% interest a year and is paid in 24 monthly amortizations.

What do you need before you start?

Contributions: at least 36 posted contributions (6 in the last 12 months) for a 1-month loan, or 72 for a 2-month loan. Self-employed, voluntary, non-working spouse and land-based OFW members also need 6 posted contributions under their current membership type.
Age: 18 or older and under 65 when you apply.
No past-due SSS loan and no final benefit already granted, such as a retirement or total disability pension.
Updated contact information in your SSS record.
A disbursement account enrolled in My.SSS under Services > Disbursement Account. For salary loans it must be a bank account (a PESONet bank) in your own name, or an active MySSS Card or UMID ATM pay card. SSS does not use e-wallets or cash payout outlets for loans. Enter the bank account number, not the ATM card number.
If employed: your employer must be up to date on contributions and loan payments, and it will certify your application in its own My.SSS account.

Estimate the amount with our SSS salary loan calculator.

How do you do it, step by step?

1. Log in to My.SSS with your user ID, password and PIN
2. Open the Loans tab and choose Apply for Salary Loan
3. Choose the loanable amount and your disbursement bank
Employed members also choose the employer branch.
4. Read the Disclosure Statement, tick the box and click Next
5. Tick the box to agree to the Certification, Agreement and Promissory Note, then click Submit
6. Check the net amount you will receive, tick the box and click Confirm
7. Write down the transaction number shown on screen or sent to your My.SSS inbox
8. If you are employed, tell your HR that your application is waiting for their certification
9. Wait for the money in your enrolled account
For self-employed, voluntary and OFW members, SSS says it arrives within 3 to 5 banking days.

What if it does not work?

Not enough contributions
count your posted months first in check contributions. Only posted months count, so a month your employer has not yet remitted will not help.
No disbursement bank to choose
enroll a bank account under Services > Disbursement Account and wait until it is approved. An e-wallet will not appear here.
Employed and the loan is not moving
your employer has to certify it. Ask HR to log in to their employer account.
You have an old loan
a renewal is allowed 6 months after the old loan was approved, if it is not past due and your last three payments were on time. The old balance is deducted from the new loan.

For login or PIN trouble, see My.SSS errors and how to fix them.

Frequently asked questions

How much can I borrow with an SSS salary loan?

A 1-month loan equals the average of your 12 latest posted monthly salary credits, rounded up to the next MSC. A 2-month loan is twice that. You receive the net amount after a 1% service fee, advance interest and any old loan balance.

What is the SSS salary loan interest rate?

8% a year on the diminishing balance for a first loan and for renewals without penalty condonation in the past five years. It is 10% if you used a penalty condonation in the past five years.

Can voluntary members and OFWs get an SSS salary loan?

Yes. Self-employed, voluntary, non-working spouse and land-based OFW members can apply if they meet the contribution rules. They pay the amortizations themselves with a PRN.

When do I start paying?

Payments start in the second month after the loan is approved. Each amortization is due on the last day of the month after the month it covers. Late payments are charged a penalty of 1% a month, computed for every day of delay.

Can I cancel the loan after it is released?

No. SSS does not allow cancellation, but you can pay the full balance early at any time.

Official portal

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