SSS Salary Loan Calculator Philippines
Free SSS salary loan calculator Philippines to calculate loan amounts based on salary, monthly payments, interest, penalties, second loan eligibility, and salary deductions. Plan your SSS salary loan with instant results for 2025.
Basic Loan Calculator
Maximum loan amount: ₱720,000 (24 months of salary)
SSS Salary Loan term: 1 to 2 years
Default SSS Salary Loan rate: 10%
Results
Payment Schedule (Amortization Table)
| Month | Payment Date | Beginning Balance | Principal | Interest | Extra Payment | Total Payment | Ending Balance |
|---|---|---|---|---|---|---|---|
| 1 | December 1, 2025 | ₱500,000.00 | ₱18,905.80 | ₱4,166.67 | ₱0.00 | ₱23,072.46 | ₱481,094.20 |
| 2 | January 1, 2026 | ₱481,094.20 | ₱19,063.34 | ₱4,009.12 | ₱0.00 | ₱23,072.46 | ₱462,030.86 |
| 3 | February 1, 2026 | ₱462,030.86 | ₱19,222.21 | ₱3,850.26 | ₱0.00 | ₱23,072.46 | ₱442,808.65 |
| 4 | March 1, 2026 | ₱442,808.65 | ₱19,382.39 | ₱3,690.07 | ₱0.00 | ₱23,072.46 | ₱423,426.26 |
| 5 | April 1, 2026 | ₱423,426.26 | ₱19,543.91 | ₱3,528.55 | ₱0.00 | ₱23,072.46 | ₱403,882.35 |
| 6 | May 1, 2026 | ₱403,882.35 | ₱19,706.78 | ₱3,365.69 | ₱0.00 | ₱23,072.46 | ₱384,175.57 |
| 7 | June 1, 2026 | ₱384,175.57 | ₱19,871.00 | ₱3,201.46 | ₱0.00 | ₱23,072.46 | ₱364,304.57 |
| 8 | July 1, 2026 | ₱364,304.57 | ₱20,036.59 | ₱3,035.87 | ₱0.00 | ₱23,072.46 | ₱344,267.98 |
| 9 | August 1, 2026 | ₱344,267.98 | ₱20,203.56 | ₱2,868.90 | ₱0.00 | ₱23,072.46 | ₱324,064.42 |
| 10 | September 1, 2026 | ₱324,064.42 | ₱20,371.93 | ₱2,700.54 | ₱0.00 | ₱23,072.46 | ₱303,692.49 |
| 11 | October 1, 2026 | ₱303,692.49 | ₱20,541.69 | ₱2,530.77 | ₱0.00 | ₱23,072.46 | ₱283,150.80 |
| 12 | November 1, 2026 | ₱283,150.80 | ₱20,712.87 | ₱2,359.59 | ₱0.00 | ₱23,072.46 | ₱262,437.93 |
| 13 | December 1, 2026 | ₱262,437.93 | ₱20,885.48 | ₱2,186.98 | ₱0.00 | ₱23,072.46 | ₱241,552.45 |
| 14 | January 1, 2027 | ₱241,552.45 | ₱21,059.53 | ₱2,012.94 | ₱0.00 | ₱23,072.46 | ₱220,492.92 |
| 15 | February 1, 2027 | ₱220,492.92 | ₱21,235.02 | ₱1,837.44 | ₱0.00 | ₱23,072.46 | ₱199,257.90 |
| 16 | March 1, 2027 | ₱199,257.90 | ₱21,411.98 | ₱1,660.48 | ₱0.00 | ₱23,072.46 | ₱177,845.92 |
| 17 | April 1, 2027 | ₱177,845.92 | ₱21,590.41 | ₱1,482.05 | ₱0.00 | ₱23,072.46 | ₱156,255.50 |
| 18 | May 1, 2027 | ₱156,255.50 | ₱21,770.33 | ₱1,302.13 | ₱0.00 | ₱23,072.46 | ₱134,485.17 |
| 19 | June 1, 2027 | ₱134,485.17 | ₱21,951.75 | ₱1,120.71 | ₱0.00 | ₱23,072.46 | ₱112,533.42 |
| 20 | July 1, 2027 | ₱112,533.42 | ₱22,134.68 | ₱937.78 | ₱0.00 | ₱23,072.46 | ₱90,398.73 |
| 21 | August 1, 2027 | ₱90,398.73 | ₱22,319.14 | ₱753.32 | ₱0.00 | ₱23,072.46 | ₱68,079.59 |
| 22 | September 1, 2027 | ₱68,079.59 | ₱22,505.13 | ₱567.33 | ₱0.00 | ₱23,072.46 | ₱45,574.46 |
| 23 | October 1, 2027 | ₱45,574.46 | ₱22,692.68 | ₱379.79 | ₱0.00 | ₱23,072.46 | ₱22,881.78 |
| 24 | November 1, 2027 | ₱22,881.78 | ₱22,881.78 | ₱190.68 | ₱0.00 | ₱23,072.46 | ₱0.00 |
About SSS Salary Loan Calculator Philippines
Our free SSS salary loan calculator Philippines is a comprehensive tool designed to help SSS (Social Security System) members make informed financial decisions about their salary loans. Whether you're planning to take out your first SSS salary loan, calculating interest and penalties, determining eligibility for a second loan, or understanding how loan deductions will affect your monthly salary, this calculator provides accurate estimates based on current SSS rates and policies for 2025.
The SSS Salary Loan is a short-term loan program available to SSS members who have made at least 36 monthly contributions and have not been granted a final benefit. This loan program allows members to borrow up to 24 months of their monthly salary credit for their first loan, with repayment terms typically ranging from 1 to 2 years. The interest rate for SSS salary loans is typically around 10% per annum, making it an affordable option for members who need quick access to funds for various purposes such as medical expenses, education, home improvements, or other personal needs.
Basic Loan Calculator
Our basic loan calculator helps you determine your monthly payment, total interest, and total payment amount based on your loan amount, interest rate, and loan term. You can also see your maximum eligible loan amount based on your monthly salary credit, ensuring you stay within SSS's lending limits. The calculator includes options for extra payments, allowing you to see how additional payments can reduce your loan term and save on interest costs. This feature is particularly useful for members who want to pay off their loans faster and minimize their total interest payments.
Interest Calculator
The interest calculator helps you understand how interest is calculated on your SSS salary loan. It shows monthly and daily interest rates, annual interest costs, and can calculate late interest if you're making payments after the due date. This is particularly useful for understanding the cost of borrowing and planning your repayment strategy. The calculator uses the standard SSS interest rate formula, which calculates interest based on the outstanding principal balance and the annual interest rate.
Penalty Calculator
The penalty calculator helps you determine the penalties you'll incur if your loan payments become overdue. SSS typically charges a penalty rate of 1% per month on overdue amounts. This calculator shows your monthly penalty, total penalty based on months overdue, and the total amount due including penalties, helping you understand the full cost of late payments. It's important to stay current on your loan payments to avoid accumulating penalties that can significantly increase your total loan cost.
Second Loan Calculator
The second loan calculator helps you determine your eligibility for a second SSS salary loan. Members who have fully paid their first loan or have a remaining balance of less than 50% of their maximum second loan amount may be eligible for a second loan of up to 36 months of their monthly salary credit. This calculator helps you understand your maximum second loan amount and eligibility status, making it easier to plan for additional financing needs.
Salary Deduction Calculator
The salary deduction calculator is particularly useful for understanding how your SSS salary loan will affect your take-home pay. It calculates your monthly loan payment, shows what percentage of your salary will be deducted, and displays your remaining salary after the deduction. This helps you plan your budget and ensure you can comfortably afford your loan payments. The calculator takes into account your loan amount, interest rate, and loan term to provide accurate monthly deduction amounts.
All calculations are performed using standard SSS formulas and consider factors such as loan amount, interest rate, loan term, and optional extra payments. The payment schedule shows a detailed amortization table with all monthly payments, helping you visualize how your loan balance decreases over time. You can export the payment schedule to Excel for further analysis and record-keeping, making it easy to track your loan payments and plan your finances.
This calculator is particularly useful for comparing different loan scenarios, understanding the impact of interest rates and loan terms on your repayments, and planning your financial future. Whether you're a first-time borrower or looking to take out a second loan, our SSS salary loan calculator provides the insights you need to make confident financial decisions. The tool follows SSS policies and standards for loan calculations, ensuring accuracy and compliance with official guidelines. Use this calculator to plan your loan application, understand your repayment obligations, and make informed decisions about your financial future.