If you’re in need of extra funds, the SSS Salary Loan is one of the most affordable and convenient loan options for employed, self-employed, and voluntary members in the Philippines.
Thanks to the My.SSS Portal, you can now apply for the SSS Salary Loan entirely online — no need to queue at an SSS branch.
In this guide, we’ll walk you through who can apply, the requirements, and the step-by-step application process.
What is the SSS Salary Loan?
The SSS Salary Loan is a short-term cash loan granted to eligible members to help meet their financial needs.
It has low interest rates (10% per year), a friendly repayment period (up to 24 months), and is automatically deducted from your salary (if employed) or payable via SSS payment channels.
Eligibility Requirements
- At least 36 monthly SSS contributions (for a 1-month loan) or 72 monthly contributions (for a 2-month loan)
- Currently employed or a voluntary/self-employed member
- Updated SSS payments and no existing final benefit claim (retirement, total disability)
- No disqualification due to fraud or loan default
Document Requirements
- My.SSS account
- SSS number
- Bank account enrolled in Disbursement Account Enrollment Module (DAEM)
- Valid government-issued ID (for verification if needed)
How Much Can You Borrow?
- 1-Month Salary Loan — Average of your last 12 Monthly Salary Credits (MSCs)
- 2-Month Salary Loan — Twice the average of your last 12 MSCs
Example: If your average MSC is ₱15,000,
1-month loan = ₱15,000,
2-month loan = ₱30,000.
How to Apply for an SSS Salary Loan Online (2025)
Step 1: Log In to My.SSS
- Go to www.sss.gov.ph
- Click “Member” and log in with your credentials
Step 2: Go to the E-Services Tab
- Select “Apply for Salary Loan”
Step 3: Fill Out the Online Loan Application Form
- Choose loan amount (1-month or 2-month salary loan)
- Select your preferred bank account for disbursement (must be DAEM-enrolled)
Step 4: Review and Submit
- Check all details carefully before clicking Submit
- You’ll get an email confirmation of your application
Step 5: Wait for Approval
- Processing usually takes 3–5 working days
- Loan proceeds will be credited to your bank account
Loan Repayment Terms
- Interest Rate: 10% per annum based on diminishing principal balance
- Service Fee: 1% of the loan amount, deducted upfront
- Repayment Period: 24 months via salary deduction (employed) or SSS payment partners (voluntary/self-employed)
Tips to Get Approved Faster
- Ensure your SSS contributions are up to date
- Enroll your bank account in the Disbursement Account Enrollment Module before applying
- Avoid having unpaid or past due SSS loans
Frequently Asked Questions
1. Can I apply for a salary loan if I have an existing loan?
No. You must fully pay your existing salary loan before applying for a new one.
2. Is it possible to apply using my phone?
Yes. The My.SSS portal is mobile-friendly, and you can also use the SSS Mobile App.
3. How long before I can reapply?
You can reapply after paying at least 50% of your current loan and meeting other eligibility requirements.
Final Thoughts
Applying for an SSS Salary Loan online is quick and hassle-free — as long as your account is updated and your bank details are enrolled. With low interest and flexible repayment terms, it’s one of the most practical ways to access extra funds when you need them.
Pro Tip: Update your contributions regularly so you can apply for loans and benefits anytime.
SSS Salary Loan vs. Bank Personal Loan: Which is Better for You?
- Interest Rate: SSS Salary Loan – 10% per year (fixed) | Bank Personal Loan – 15%–35% per year
- Loan Amount: SSS Salary Loan – 1–2 months’ average salary credit | Bank Personal Loan – Up to ₱2M
- Processing Time: SSS Salary Loan – 3–5 working days | Bank Personal Loan – 5–15 working days
- Eligibility: SSS Salary Loan – Active member with 36–72 contributions | Bank Personal Loan – Varies per bank
- Collateral Required: None for both
- Repayment Term: SSS Salary Loan – Up to 24 months | Bank Personal Loan – 12–60 months
- Fees: SSS Salary Loan – 1% service fee | Bank Personal Loan – Processing fees vary
- Application: SSS Salary Loan – 100% online via My.SSS | Bank Personal Loan – Online or branch
- Best For: SSS Salary Loan – Small, low-interest cash | Bank Personal Loan – Large amounts
Quick Takeaway: If you need fast cash with low interest and are an active SSS member, the SSS Salary Loan is your best bet. But if you need a larger amount and longer repayment terms, a bank personal loan might be the way to go — just expect higher interest.