Guide on SSS Cash Loan Interest 2026 — What Members Should Know
SSS CASH LOAN INTEREST 2026 – Let us take a look of this one of the most important details under the Salary Loan offer of the Social Security System.
A lot of Filipinos have made the monthly premiums to the Social Security System, more popularly called SSS, a constant part of their budget. An SSS membership is mandated among the employees of the private sector but the social insurance giant has also opened its offers for self-employed individuals, overseas Filipino workers (OFWs), and voluntary members.
To recall the Social Security System is operating in the country for several decades now since the 1970s. It has a multi-million member populace that does not only include working members but as well as pensioners.
Truth be told that most memberships to the Social Security System are anchored on the pursuit for a Retirement Benefit which is one of the SSS benefits for the members of the social insurance giant. Meanwhile, while you are still not there, you may turn to its multi-purpose loan offer in times of financial needs, the SSS Salary Loan.
The SSS Salary Loan or also called as the cash loan offer of the Social Security System is open for both salaried and non-salaried members of the social insurance giant. A member may apply for it to fund a personal purchase, get the car repaired, host a party, travel, expand the business, etc.
The amount allowed for borrowing under the SSS cash loan offer may vary. It is actually dependent on the contributions of the member-borrower. You may repay the loan for up to two (2) years or 24 monthly installments.
Before applying for the loan offer, it is best to know about the SSS cash loan interest rate. According to the state-run social insurance entity, the interest rate is at 10% per annum until the loan is fully paid.
The SSS cash loan interest is implemented as “pro-rated interest from the date of loan granting up to the end of the month prior to first amortization month shall be deducted in advance from the loan proceeds”. The interest rate applies on a diminishing principal balance.
In case the loan repayment to the SSS got an excess, the excess will be directly applied to the principal balance. Here is a guide on the requirements in applying for the loan offer: