Loan Calculator: SSS Salary Loan Amortization Table
Understand how the SSS Salary Loan amortization table works, how your monthly repayment is spread across the loan term, when repayment starts, and why your actual released amount may be lower than the approved loan amount.
Quick answer
SSS salary loans are generally repaid in 12 or 24 monthly amortizations. The amortization starts on the second month after loan approval, and the monthly amount depends on your approved loan and the current salary-loan terms.
Quick answer
SSS salary loans are generally payable over 12 or 24 equal monthly amortizations, and the first amortization starts on the second month following the month of loan approval. The loan currently carries a fixed 8% annual interest rate, while a fixed 1% service fee is deducted from the proceeds.
12 or 24 months
Loan term options
2nd month after approval
Usual amortization start
Fixed 8% + 1%
Interest and service fee
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How the SSS salary loan amortization table works
An amortization table is simply a repayment schedule. It shows how the loan is spread across the full repayment period. For SSS salary loans, the repayment period can be shown as 12 months or 24 months depending on the selected term view.
This updated page now makes the table actually useful. Instead of sample values with no meaning, the reader can enter a more realistic approved amount, select an approval date, choose a 1-year or 2-year term, and instantly see the estimated monthly amortization, first due month, payment deadlines, and running balance.
It is still an estimate page, but it is far more useful than a static sample because the numbers now react to the reader’s own scenario.
When does SSS salary loan amortization start?
Under the current salary-loan rules, amortization starts on the second month following the month of loan approval. That means the first payment is not usually due immediately in the same month the loan is approved.
Simple example
If your loan is approved in April:
- May is the month right after approval
- Your first amortization month usually starts in June
- The payment deadline for that applicable month is generally the last day of July
Live SSS salary loan amortization table
Instead of a placeholder table, use this editable section. It starts with a default approved amount and a real approval date, then estimates the monthly amortization based on the current salary-loan structure, fixed 8% annual interest, fixed 1% service fee, and prorated interest deduction.
| # | Month | Deadline | Payment | Interest | Principal | Balance |
|---|---|---|---|---|---|---|
| Loading table... | ||||||
How your monthly amortization is estimated
Your monthly amortization depends mainly on the approved loan amount and the loan term. Since the loan is repaid over either 12 or 24 months in this estimator, the page calculates the payment using a standard monthly-interest amortization approach based on the fixed 8% annual rate.
Higher loan amount
Usually means a higher monthly amortization
Shorter term
Usually means a higher monthly payment
Fixed 8% rate
Used across the estimate table
Why your net proceeds may be lower than the approved loan amount
One of the most common borrower misunderstandings is thinking that the approved amount and the released amount are always the same. Under the current salary-loan guidance, the loan proceeds are reduced by the fixed 1% service fee, and the program also uses a pro-rated interest deduction before normal amortization begins.
1% service fee
This is deducted from the proceeds instead of being paid separately later.
Pro-rated interest
This is deducted in advance from the approval date up to the end of the month before the first amortization month.
Common questions readers usually have on this page
Need backup funds while comparing your monthly repayment?
If the monthly amortization or released proceeds do not match what you need right now, a backup option may help for urgent expenses.
