SSS Salary Loan Monthly Amortization Table and Payment Schedule
Already know your estimated or approved SSS Salary Loan amount? Use this page to preview the 24-month monthly amortization table, first amortization month, payment deadlines, interest, service fee, and estimated net proceeds.
Quick answer
SSS Salary Loan is generally payable in 24 equal monthly amortizations. The first amortization usually starts on the second month after the month of loan approval.
Quick Answer: 24 Monthly Amortizations
The SSS Salary Loan monthly amortization table shows how your approved loan amount may be paid over 24 equal monthly payments. The payment schedule usually starts on the second month following the month of loan approval.
This page is for repayment planning. It helps you answer questions like:
How much is my monthly amortization?
Enter an estimated or approved loan amount to preview the monthly payment.
When does the first payment start?
Use the approval month to estimate the first amortization month and deadlines.
This Is Not the Main SSS Salary Loan Calculator
This page does not determine your eligibility or exact loanable amount. It is only for previewing the monthly amortization table after you already know your estimated or approved loan amount.
If you still need to know how much you can borrow, use the main SSS Salary Loan Calculator first.
Need loanable amount?
Use this if you are still asking how much you can borrow from SSS.
Use SSS Salary Loan CalculatorAlready know your amount?
Use this page to preview the monthly amortization and payment schedule.
Open Amortization PreviewPreview Your SSS Salary Loan 24-Month Amortization Table
Enter your estimated or approved SSS Salary Loan amount. The fixed loan rules are shown below as information cards, not editable fields.
Repayment term
24 months
Interest rate
8% yearly
Service fee
1%
First payment
2nd month after approval
Estimated monthly amortization
PHP 0.00
Estimated net before prorated interest
PHP 0.00
First amortization month
-
Estimated total repayment
PHP 0.00
Service fee deduction
PHP 0.00
Prorated interest
Shown in actual SSS disclosure
Months shown
24
| # | Month | Payment deadline | Payment | Interest | Principal | Balance |
|---|---|---|---|---|---|---|
| Loading table... | ||||||
When Does SSS Salary Loan Amortization Start?
The first monthly amortization generally starts on the second month following the month of loan approval.
Simple example
If your loan is approved in April:
- May is the month right after approval.
- The first amortization month is usually June.
- The payment deadline for the June amortization is usually the last day of July.
How Your Monthly Amortization Is Estimated
The preview uses your entered loan amount, the fixed 8% annual interest rate, and a 24-month repayment schedule. It estimates equal monthly payments and shows the split between interest and principal for each month.
Why Your Net Proceeds May Be Lower Than the Approved Loan Amount
The approved amount and the released amount are not always the same. A 1% service fee is deducted from the loan proceeds. Your actual SSS disclosure may also show prorated interest and other applicable deductions.
What If the Monthly Amortization Is Late or Not Posted?
Late or unposted payments can cause confusion because the borrower may think the loan is updated when My.SSS still shows a balance or missed posting.
If you are employed
Check your payslip, employer deduction, and whether the employer remitted the payment to SSS.
If you paid directly
Check your proof of payment and compare it with the My.SSS loan statement posting.
What Should You Do After Checking the Amortization Table?
After you see the estimated monthly amortization, the next step is not always to apply immediately. Use the table to decide if the loan is manageable for your monthly budget and whether the net proceeds are still worth it.
If you do not know your loanable amount
Use the main calculator first. This amortization page only works well after you have an estimated or approved loan amount.
Calculate My Loanable AmountIf the monthly payment looks affordable
Check if you meet the salary loan requirements, then review the application steps before filing.
If the monthly payment is too high
Do not force the loan. Consider testing a lower amount, waiting until your cash flow is better, or checking another safer option before applying.
If the net proceeds look lower than expected
Check why the released amount may be lower than the approved amount before deciding if the loan is still worth it.
Why Is Net Amount Lower?Need backup funds while comparing your monthly repayment?
If the monthly amortization or released proceeds do not match what you need right now, compare backup options carefully and borrow only if repayment is manageable.