How to Apply for SSS Salary Loan Online

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The Social Security System (SSS) is an insurance-company wherein members can make a monthly remit for entitlement of future benefits like pension, death claims, salary loan, and many others. One of the functions of the government-owned corporation that are availed by many of its members is the SSS Salary Loan.

How to Apply for SSS Salary Loan Online

The SSS Salary Loan Application is a very convenient service of Social Security System that made easier today because SSS members can now apply for a salary loan online. Getting an SSS salary loan can now be done at home by using a computer or any devices that have an internet connection.

The Social Security System offers two types of loans: salary and calamity loans. Salary loans depend on the monthly wage of employees, while calamity loans can be obtained if they live in an area declared to have suffered from natural calamities.

SSS member may submit the salary loan application to the nearest branch office of the SSS or submit it online using your My.SSS account. In this article, We will discuss how to apply SSS loan online. It is important that you have your SS number and My.SSS account. This guide contains useful general information you may need to know about SSS salary loan online application.

Eligibility to Apply For A Salary Loan

SSS member can apply for a one-month or two-month salary loan depending on several factors.To be eligible to apply for a 1-month salary loan from SSS, you need to have made at least 36 monthly contributions and the last 6 of those contributions should have been made in the past 12 months. Generally, the one month salary you can loan at SSS is equivalent the average of your latest posted 12 Monthly Salary Credits.

On the other hand, you are eligible to apply for a 2-month salary loan if you have posted at least 72 monthly contributions and the recent 6 of those should have been made in the last 12 months. The maximum loan amount is twice (2x) the average of the past 12 Monthly Salary Credits. Here are the step by step guide on how to apply SSS loan online

SSS Salary Loan Online Application 2019

Step 1: Go to SSS website first and log-in as SS member. If you don’t have an account, registered first at My.SSS.

register sss online

Step 2: Once you access your My.SSS account, Under e-services, click the Salary loan and then input the required details needed. 

sss eservices

Step 3: The online application form will need your Employer ID, Employer Name, Branch Office and Loanable Amount. Input the details correctly, especially your loan amount and click the proceed button. 

sss apply salary loan

Step 4: You will see your disclosure statement details. You may print it out and click the submit after. The disclosure inputs the loan amount, other charges/deductions, payment schedule, and interest fees. 

sss disclosure statements

Step 5: Once you’re done, you’ll see that you have successfully submitted your online salary loan application. The salary loan submitted online will be directed to the employer’s My.SSS account for certification, hence, the employer should also have an SSS Web account. 

sss salary loan application


You may also notify your employer or the HR department about your salary loan application. Once your application is approved, you just have to wait for about 2 to 3 weeks. You will be notified when your check is ready for pick-up at SSS branch office.

Salary SSS Loan Application Requirements:

  • SSS digitized ID or E-6 (acknowledgment stub)
  • SSS member Loan Application Form
  • Two (2) valid IDs, one of which with a recent photo.

Complete List of valid IDs:

  • Unexpired Driver’s License
  • Professional Regulation Commission (PRC) ID card
  • Passport
  • Postal ID
  • School or Company ID
  • Tax Identification Number (TIN) card
  • Seaman’s Book
  • Membership card issued by private companies
  • Overseas Worker Welfare Administration card
  • Senior Citizens card
  • Voter’s Identification card/Affidavit/Certificate of Registration
  • ATM card; with cardholder’s name or
  • with certification from bank, if without name
  • Credit card
  • Fisherman’s card issued by BFAR
  • GSIS card/Member’s Record/Certificate of Membership
  • Health or Medical card
  • ID card issued by LGUs (e.g. Barangay/Municipal/City)
  • ID card issued by professional association recognized by PRC
  • Birth Certificate
  • Baptismal Certificate
  • Marriage Contract
  • NBI Clearance
  • Pag-IBIG Member’s Data Form
  • Permit to carry firearms issued by the Firearms and Explosive Unit of PNP
  • PHIC Member’s Data Record
  • Police Clearance
  • Seafarer’s Registration Certificate issued by POEA
  • Temporary Driver’s License issued by LTO
  • Transcript of Records
  • Alien Certificate of Registration
  • Bank Account Passbook

OFWs can also apply for salary loan at SSS Foreign Representative Offices – if available in their current area. If unavailable, the OFW member can designate a representative to submit their application and documents to their nearest SSS branch.
  • Accomplished member loan application form
  • Authorized Representative’s SSS card or two valid photo IDs with signature
  • A Letter of Authority signed by both the OFW borrower and authorized representative
  • OFW’s SS card or two valid photo IDs with signature

Important Note: The salary loan submitted online by an employed member will be directed to the employer’s My.SSS account for certification, hence, the employer should also have an SSS Web account .The employer shall submit an updated Specimen Signature Card (SS Form L-501) to be updated annually to avoid delay in the processing of salary loan applications.

The Loan applications whether via the SSS website or processed at a branch – take two to three weeks to approve from the date of application, providing that all necessary documents have been submitted.

For employed members, the check is released to their employers. OFW members and self-employed members will be notified when their check is ready by the SSS branch they applied from.

Checks are issued by the Philippine National Bank (PNB) and can be encashed at any PNB branch. Note that you’ll need to bring two valid photo IDs with signatures for verification. There’s also a 1% service fee that will be charged to your total loan proceeds.

Repayment term and schedule of payment

  • The loan shall be payable within two (2) years in 24 monthly installments.
  • The monthly amortization shall start on 2nd month following the date of loan, which is due on or before the payment deadline, as follows:
  • Payment shall be made at any SSS branch with tellering facility, SSS-accredited bank or SSS-authorized payment center.

Interest and penalty of your SSS loan

  • The loan shall be charged an interest rate of 10% per annum based on diminishing principal balance, and shall be amortized over a period of 24 months
  • Interest of 10% shall continue to be charged on the outstanding principal balance until fully paid
  • Any excess in the amortization payment shall be applied to the outstanding principal balance
  • Loan amortization not remitted on due date shall bear a penalty of 1% per month until the loan is fully paid.

Deduction of unpaid SSS loan from benefits

In case of default, the arrearages/unpaid loan shall be deducted from the benefits claimed by the member, whichever comes first, as follows;
  • For self-employed/voluntary member, deduction shall be from short-term benefits (Sickness/Maternity/Partial Disability).
  • In case of member-borrower’s death, total disbility or retirement under Social Security Act, the entire amount or any of unpaid amount of the loan as well as the interest and penalty thereon, if any, shall be deducted from the corresponding benefit.

SSS Loan Renewal

  • Renewal shall be allowed after payment of at least 50% of the original principal amount and at least 50% of the term has lapsed.
  • Proceeds of renewal loan is any amount greater than or equal to zero as long as the outstanding balance on the previous loan is deducted.

We hope that you find the general guide for SSS salary loan online application very useful. If you have concerns and inquiries regarding your SSS-transaction, you can call SSS at 920-6446 to 55 or send an email to member_relations@sss.gov.ph.

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