SSS Salary Loan Renewal Guide
When Can I Renew My SSS Salary Loan?
Check the current renewal timing, payment-history rule, remaining-balance deduction, minimum net proceeds, and what changes when your old loan is already fully paid.
Verified September 28, 2026: reviewed against the current SSS Salary Loan page and SSS Circular 2025-004.
Quick answer
You may renew after 6 months from loan approval—if the current loan is not past due and your last 3 amortizations were paid on time.
You do not need to wait until the old Salary Loan is fully paid. If you meet the current renewal conditions, SSS deducts the remaining balance of the old loan from the proceeds of the new loan.
Current SSS Salary Loan renewal rule
Under the current SSS Salary Loan Program, renewal may be allowed after 6 months from the date of loan approval when both of these are true:
- Your existing Salary Loan is not past due.
- Your last 3 monthly amortizations before the month of renewal were paid within their due dates.
The remaining balance of your current loan is deducted from the proceeds of the renewed loan.
SSS Salary Loan renewal quick checker
Use this as a quick guide only. Your actual My.SSS record and SSS validation control the final result.
What if my previous Salary Loan is already fully paid?
Last 3 payments were on time
A fully paid loan may be renewed immediately when the last 3 monthly amortizations were paid within the scheduled due dates.
At least one of the last 3 was late
Renewal is allowed after 3 months from the date of full payment.
What happens to my old Salary Loan balance when I renew?
You do not necessarily need to settle the entire existing balance before renewal. When renewal is allowed, the remaining balance of the existing Salary Loan is deducted from the proceeds of the new loan.
The example is only illustrative. Check the actual figures shown by SSS in My.SSS and in your Disclosure Statement.
Minimum net proceeds for renewal
After the applicable charges and prior-loan balance are deducted, the proceeds of the renewed Salary Loan must meet the current minimum:
What interest rate applies to a renewed Salary Loan?
| Renewal situation | Current annual rate |
|---|---|
| No penalty-condonation availment within the past 5 years | 8% diminishing principal balance |
| Penalty condonation availed within the past 5 years | 10% diminishing principal balance |
SSS states that Salary Loan rates may be adjusted for new or renewed loans in response to market conditions. Your own Disclosure Statement shows the rate and borrower-specific effective interest information applied to your loan.
How to renew an SSS Salary Loan
- Check your current loan status. Confirm that the loan is not past due and review the posting of your recent amortizations.
- Check your renewal timing. For an active loan, confirm that at least 6 months have passed since approval and that the last 3 amortizations were on time.
- Review your updated Salary Loan eligibility. Contribution and account requirements still apply to the new application.
- Log in to My.SSS. Review the Salary Loan offer available in your account.
- Review the deductions and Disclosure Statement. Check the prior-loan balance deduction, charges, interest rate, net proceeds, and monthly amortization.
- Submit only if the official offer matches what you expect. Employed members may still need employer electronic certification.
Related Salary Loan guides
Official SSS renewal references
Last rule review: September 28, 2026.
SSS Salary Loan renewal FAQ
Ready to check your possible renewed loan?
Estimate the new Salary Loan amount first, then compare it with the official offer shown in My.SSS.