SSS Salary Loan Calculator 2026 (Amount, Monthly Payment)
Find how much you can borrow from SSS (1-month or 2-month loan), your monthly amortization for 24 months at 8%, and your net proceeds.
Tool inputs stay in your browser · optional AI search sends your query
Good to know: SSS salary loan = the average of your last 12 monthly salary credits (regular part, up to ₱20,000) — that is a 1-month loan, available with 36 posted contributions (6 in the last 12 months). With 72 contributions you can get a 2-month loan (2× the average, up to ₱40,000). Interest is 8% a year on the diminishing balance (10% if you used penalty condonation in the last 5 years), paid in 24 monthly installments starting the 2nd month after release. SSS deducts a 1% service fee and any unpaid old loan. Rules checked November 10, 2026. SSS (My.SSS shows your exact loanable amount) has the final word — check your official record or payslip.
How to use it (step by step)
- 1Fill in the boxes: “Your average monthly salary in the last 12 months”, “Total posted SSS contributions”, “Interest rate”, “Unpaid balance of an old SSS loan (if renewing)”. Example numbers are already there so you can see how it works; replace them with yours.
- 2The result updates instantly as you type (on a phone it is below the boxes).
- 3The bold line is the main answer. Tap Copy next to any value to copy it.
Words to know
- Amortization
- Your fixed monthly payment that slowly pays off both the interest and the borrowed amount.
- Gross vs net
- Gross = the full amount before deductions. Net = what is left after fees, taxes or deductions.
- Loan / mortgage
- Money borrowed and paid back in monthly payments with interest. A mortgage is a loan for a house.
- SSS, PhilHealth, Pag-IBIG
- Philippine government contributions taken from salary for social security, health insurance and housing savings.
- Interest
- The extra money you pay for borrowing, like a rental fee for using someone else’s money.
- MSC (Monthly Salary Credit)
- The salary amount SSS uses for your contribution and benefits: your pay rounded to the nearest ₱500, from ₱5,000 to ₱35,000. Like a “price tag” SSS puts on your salary.