SSS Loan Calculator Philippines
Estimate the monthly amortization and total cost of an SSS salary or calamity loan. See the monthly payment, total interest, service fee, and net proceeds based on the standard 10% annual interest over a 24-month term.
Loan details
Estimate based on 10% annual interest on a diminishing balance. Actual SSS amortization may differ with penalties or rounding.
Compare repayment terms
Same amount · tap to applyA longer term lowers the monthly amortization but raises total interest — on a ₱40,000 sss salary loan.
How SSS salary and calamity loans work
The SSS salary loan and calamity loan are short-term cash loans for qualified members, repaid through monthly amortizations. Both use a flat 10% annual interest on the diminishing balance, so most of the interest is paid early in the term.
10% annual interest
Both the salary loan and the calamity loan charge a nominal 10% per year, computed on the diminishing principal balance as you pay it down.
Up to 24-month term
SSS member loans are repaid in monthly installments over up to two years. Missed payments accrue penalties and are deducted from future SSS benefits.
Net proceeds
A 1% service fee is deducted from a salary loan, so the cash you receive is slightly less than the approved amount. Calamity loans have no service fee.
Who can apply for an SSS loan
- Salary loan (1 month): at least 36 posted monthly contributions, with 6 in the last 12 months.
- Salary loan (2 months): at least 72 posted monthly contributions.
- Calamity loan: at least 36 posted contributions and residence in an area declared under a state of calamity.
- The member must be currently employed, self-employed, or a voluntary/OFW payer in good standing.
This is an educational estimate for planning. Your actual approved amount, amortization, service fee, and any penalties are set by the SSS based on your contributions and records. Always confirm final figures with the SSS.