SSS Salary Loan – How To Compute Your Loanable Amount Based on Contribution

Guide on How To Compute Your Loanable Amount Under the SSS Salary Loan

SSS SALARY LOAN – Here is a guide on how to compute your loanable amount based on your monthly contribution.

One of those government agencies that offers salary loans is the Social Security System. More commonly called as SSS, it is a social insurance giant in the Philippines.

Most members of SSS are employees in the private companies and sector. Some people have also applied for voluntary memberships to SSS and most self-employed individuals are also a member of it.

If you are an SSS member, you may be eligible to apply or avail its different offers, benefits, and services. One of them is the SSS Salary Loan.

SSS Salary Loan

The said SSS loan offer aims to help members cope with their short-term needs. It is a multi-purpose loan offer that can help you make ends meet, pay for the utility bills, fund an event, etc.

With regards to the loanable amounts under the said SSS Loan, it depends on your monthly contribution. The applicant-member must have posted at least thirty-six (36) monthly contributions.

Here is a guide on how to compute your loanable amount under the SSS Salary Loan:

  • Add your twelve (12) latest posted monthly salary credits (MSCs)
  • Divide the sum by 12 to get the average
  • The result is your one-month salary loanable amount

If you have posted at least 72 monthly contributions to SSS, you may be eligible to apply for a two-month salary loan. For a guide on how to apply online, you may visit – SSS CASH LOAN – Can I Apply for this SSS Loan Offer Online?.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: SSS LOAN RENEWAL – How Much You Can Get From Renewing Your Loan

21 thoughts on “SSS Salary Loan – How To Compute Your Loanable Amount Based on Contribution”

  1. Gud pm po.puwede na po ba akong mag renew ng salary loan ko?medyo lumaki po kasi ang utang ko dahil hindi ko pa nabayaran ang dating sal.loan dahil po sa pandemic.

    Reply
  2. Good after po maam aq nga po si Lito L Baguhin.nag Inquire lang po reqarding my outstanding balance loan to SSS.hindi po ksi aq mkpnta sa branches nio dahil nka quarantine po ako dito sa pasay waiting for My Rt-PCR test schedule po.Isa po akng Seafarer.kya hindi ku po na follow up pacnsya na po.

    Reply
  3. I have salary loan balance. I thought it was already settled since it was deducted to my salary then surprisingly I didn’t know that the penalties tripled. Who is accountable with this matter?

    Reply
  4. 1.I have no work from now,i can avail standby loan?

    2. My wife is my beneficiary,can i avail any medical benefits,she has a suffer of diabetes.

    Reply

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