CalcunetSSS Loan Calculator (Salary Loan)
Estimate your SSS salary loan amount, net proceeds after the service fee, and 24-month amortization schedule based on your Average Monthly Salary Credit.
Loanable amount
₱20,000.00
Net proceeds (after 1% service fee)
₱19,800.00
Monthly amortization (24 months)
₱922.90
Total interest (10% p.a. diminishing)
₱2,149.56
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₱922.90 | ₱756.23 | ₱166.67 | ₱19,243.77 |
| 2 | ₱922.90 | ₱762.53 | ₱160.36 | ₱18,481.23 |
| 3 | ₱922.90 | ₱768.89 | ₱154.01 | ₱17,712.35 |
| 4 | ₱922.90 | ₱775.30 | ₱147.60 | ₱16,937.05 |
| 5 | ₱922.90 | ₱781.76 | ₱141.14 | ₱16,155.29 |
| 6 | ₱922.90 | ₱788.27 | ₱134.63 | ₱15,367.02 |
| 7 | ₱922.90 | ₱794.84 | ₱128.06 | ₱14,572.18 |
| 8 | ₱922.90 | ₱801.46 | ₱121.43 | ₱13,770.72 |
| 9 | ₱922.90 | ₱808.14 | ₱114.76 | ₱12,962.58 |
| 10 | ₱922.90 | ₱814.88 | ₱108.02 | ₱12,147.70 |
| 11 | ₱922.90 | ₱821.67 | ₱101.23 | ₱11,326.03 |
| 12 | ₱922.90 | ₱828.51 | ₱94.38 | ₱10,497.52 |
How the SSS salary loan formula works
Unlike a bank loan where you choose your own principal, an SSS salary loan's amount is set by a formula: your Average Monthly Salary Credit (AMSC) over the last 12 months, multiplied by 1 for a one-month loan or by 2 for a two-month loan. You don't pick how much to borrow — you qualify for a fixed amount based on your contribution history.
Eligibility also depends on posted contributions, not just tenure: a one-month loan needs at least 36 total posted monthly contributions, with 6 of those posted within the 12 months before your filing semester. A two-month loan raises that bar to 72 total posted contributions, with the same 6-in-12-months requirement.
Once approved, SSS deducts a 1% service fee from your loanable amount before releasing the rest to you, then collects fixed monthly amortizations over 24 months at 10% per annum interest, computed the same diminishing-balance way a bank loan is.
Not sure if you actually qualify, or how this differs from a calamity or pension loan? Read SSS Salary Loan Eligibility: A Realistic Guide.
SSS loan calculator FAQ
What is Average Monthly Salary Credit (AMSC)?
AMSC is the average of your Monthly Salary Credits (MSC) — the SSS-assigned salary bracket used to compute your contributions — over the 12 months before the semester you're applying in. It's not simply your take-home pay; it's capped at SSS's current MSC ceiling. You can see your posted MSCs in your My.SSS contributions record.
How much can I borrow from SSS?
A 1-month salary loan is roughly your AMSC times 1, and a 2-month salary loan is roughly your AMSC times 2 — this calculator estimates both. The 1-month loan requires at least 36 total posted contributions with 6 posted in the last 12 months; the 2-month loan requires at least 72 total posted contributions with 6 posted in the last 12 months. SSS makes the final determination when you apply through My.SSS.
What interest rate does SSS charge on salary loans?
SSS salary loans carry a 10% per annum interest rate computed on a diminishing balance, payable over 24 equal monthly installments, plus a 1% one-time service fee deducted from your loan proceeds before disbursement.
What happens if I miss a payment?
Unpaid salary loan amortizations accrue a 1% per month penalty on the amount due and demandable. Missing payments can also block future loan applications and salary loan condonation programs until the account is settled or restructured.
Is this the official SSS loan amount I'll be approved for?
No — this is an estimate based on the published formula. Your actual approved amount depends on SSS's system computation at the time of filing, your outstanding loan balances, and other eligibility checks. Apply through My.SSS to see your exact loanable amount.