SSS Salary Loan Amortization Guide

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.

Important: One-month loan and two-month loan refer to the loanable amount basis. They do not mean you choose between 12-month and 24-month repayment. The salary loan repayment schedule is generally 24 months.

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 Calculator

Already know your amount?

Use this page to preview the monthly amortization and payment schedule.

Open Amortization Preview

Preview 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.

This table preview does not compute your loanable amount. It only estimates the repayment schedule for an amount you already know or want to test.

Repayment term

24 months

Interest rate

8% yearly

Service fee

1%

First payment

2nd month after approval

PHP
Use the main calculator first if you do not know your loanable amount.
Optional. This helps estimate the first amortization month and deadlines.

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

Why no exact prorated interest input? This simplified preview uses approval month, not exact approval date. Your actual SSS disclosure statement may show a prorated interest deduction based on the real approval/release date.
# Month Payment deadline Payment Interest Principal Balance
Loading table...
Mobile note: The summary cards above show the most important numbers first. Scroll the table only if you want to inspect each monthly row.

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.

Reminder: This is an educational preview. Always check the official SSS disclosure statement in My.SSS for the exact figures during application.

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.

Taglish: Kung approved ang PHP 20,000, hindi automatic na PHP 20,000 ang papasok. May service fee at possible prorated interest or other 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 Amount

If 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?
Practical rule: If the amortization fits your budget, move to requirements and application. If it feels heavy, reduce the amount or pause first. The best loan amount is not always the maximum amount.

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.

Frequently Asked Questions

SSS Salary Loan is generally payable in 24 equal monthly amortizations.

The first amortization generally starts on the second month following the month of loan approval.

No. This page previews the monthly amortization schedule after you already know your estimated or approved loan amount. For loanable amount, use the SSS Salary Loan Calculator.

The released amount may be lower because of the 1% service fee, possible prorated interest, and other applicable deductions or outstanding balances.

Enter PHP 40,000 in the amortization preview above to estimate the 24-month schedule. The actual amount in your SSS disclosure may vary slightly depending on official computation and deductions.

If you do not know your loanable amount yet, use the SSS Salary Loan Calculator. If the monthly payment looks affordable, check the requirements and application steps. If it looks too high, consider a lower loan amount or wait until your cash flow is better.

Preparing for Baby Expenses?

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.

Apply for a UnionBank Credit Card
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