The Loan Service Fee is a one-time deduction taken from the loan proceeds before release. SSS currently charges a 1% service fee to cover administrative and processing costs. Although deducted upfront, the borrower repays the full loan amount through amortization.
Hospital delivery in the Philippines can easily cost ₱60,000 - ₱200,000 depending on the hospital and type of delivery.
Many parents use a credit card to manage these expenses while waiting for their SSS maternity benefits.
