SSS
About SSS
The Social Security System began operating on 1 September 1957. Its member lending developed alongside social-insurance benefits, with the salary-loan programme introduced in 1964.
Company background
Salary Loan
A one-month loan needs 36 posted contributions, a two-month loan needs 72. Both require six contributions in the preceding 12 months. The amount depends on your average 12 latest Regular SS salary credits, not gross pay.
Minimum requirements
- One-month loan: 36 posted contributions, two-month loan: 72. Both require six within the previous 12 months.
- Self-employed, voluntary and land-based OFW members additionally need six contributions under their current membership type. Legal age and under 65, other loan, benefit and employer-remittance conditions apply.
Documents
- Updated My.SSS contact information and an active DAEM disbursement account, employed applications require the relevant employer process.
Repayment and costs
- Calculated from the average of the latest 12 regular-program monthly salary credits, not current take-home salary. Outstanding loans, fees and prorated interest can reduce release.
- The 8% rate applies to initial loans and renewals without penalty condonation in the last five years, otherwise 10% applies. Pro-rated initial interest and existing loan balances also reduce proceeds. Other SSS conditions remain unchecked.
- For an SSS Salary Loan, employed members authorize payroll deductions. Individual payers use the loan Payment Reference Number through an SSS collecting channel. Compare the payment posted in My.SSS with your payslip or receipt, especially after changing employer.
LoanLite
A short-term member loan accessed through participating financial institutions, including UnionDigital. Eligibility and amount depend on contributions and salary credits, not salary alone.
Who can apply
Member eligibility
Repayment and costs
- For an SSS Salary Loan, employed members authorize payroll deductions. Individual payers use the loan Payment Reference Number through an SSS collecting channel. Compare the payment posted in My.SSS with your payslip or receipt, especially after changing employer.
Emergency Loan Program
Assistance for qualifying members affected by covered emergencies. Eligible areas, application windows and existing-loan conditions apply.
Who can apply
Declared emergency eligibility
Calamity Loan
A member programme for affected calamity areas. A programme listing does not mean applications are open for every location today.
Who can apply
Declared calamity eligibility
Pension Loan Program
Cash borrowing for qualifying SSS retirement pensioners. Ask how repayment affects the pension you continue to receive.
Who can apply
Eligible SSS pensioners
If you cannot repay on time
Contact SSS before the payment date with your loan reference, the reason for the shortfall and a realistic payment proposal. Ask which assistance options apply to your account and request the revised dates, charges and total payable in writing. Continue using the agreed schedule until the company confirms a change.
Repayment help