How Will I Know If I Qualify for SSS Salary Loan? A Comprehensive Guide

Emergencies can happen anytime, and when they do, it’s comforting to know that financial assistance programs are available. If you’re a Social Security System (SSS) member in the Philippines, you can apply for a salary loan to help cover your immediate needs. But before you start the application process, you must ensure you qualify for the loan.

This article will discuss the eligibility requirements for an SSS salary loan, the steps to apply, and some frequently asked questions. So, if you’re wondering, “How will I know if I qualify for SSS salary loan?” keep reading to find out.

Eligibility Requirements:

To qualify for an SSS salary loan, you must meet the following eligibility requirements:

  1. You must be a member of the SSS with at least 36 months of contributions, including at least 6 months of contributions in the last 12 months before the loan application.
  2. It would help if you were employed, self-employed, or an overseas Filipino worker (OFW) with a valid SSS number and registered Mine.SSS account.
  3. You must not have any outstanding loans or benefit claims with the SSS.
  4. You must be under 65 years old and not have any permanent disability or retirement benefits.

You can proceed to the loan application process if you meet these requirements.

Application Process:

To apply for an SSS salary loan, follow these steps:

  1. Log in to your My.SSS account or create one if you still need to get one.
  2. Under the E-Services tab, select “Apply for Salary Loan.”
  3. Complete the online application form with your personal information, employment details, and loan amount.
  4. Submit the form and wait for the confirmation message with your transaction number.
  5. Print or download the transaction number and the Disclosure Statement on Loan Payment Schedule, which indicates your loan amount, interest rate, and repayment schedule.
  6. Bring the printed or downloaded documents, along with your SSS ID or two valid IDs, to the nearest SSS branch for verification and release of the loan.

Note: The loan amount is based on your average monthly salary credit (AMSC) multiplied by the loan term. The interest rate is 10% per annum, and the loan term is either 24 or 36 months, depending on the loan amount.

Frequently Asked Questions:

Q: How much can I borrow for an SSS salary loan?

A: The loan amount is based on your AMSC, the average monthly contributions for the last 12 months before the loan application. The maximum loan amount is PHP 32,000 for a 24-month term or PHP 48,000 for a 36-month term.

Q: How long does processing an SSS salary loan application take?

A: The processing time is usually 2-3 weeks, depending on the volume of applications and the completeness of the requirements. You can check the status of your application on Mine.SSS account or by calling the SSS hotline.

Q: Can I apply for another SSS salary loan while I still have an outstanding loan?

A: No, you need to fully pay your existing loan before you can apply for another loan. However, you can renew your loan after paying at least half the loan amount and the interest.

Here are some sources that I used for this article:

  1. Social Security System Philippines. (2021). Salary Loan. Retrieved from
  2. Social Security System Philippines. (2021). Member Loan Application Process. Retrieved from