SSS salary loan: requirements, amount and the loan form
This page is for an SSS member who wants a salary loan and wants to know, before applying, whether they qualify, how much they can borrow and what they will pay back. It also walks through the paper Member Loan Application so you can prepare your details. At the end you will know which route SSS expects you to use and what to check first.
This site fills the form; you submit it to SSS yourself.
Online first
SSS says a member files the salary loan application online through the My.SSS account on the SSS website or through the MySSS mobile app (SSS Salary loan). The paper form below is the older MLP-01287 (edition 12-2016, shown on the form itself). Whether a branch still accepts it for your case is SSS's decision, so ask the branch or the SSS hotline first. Use the form to prepare and check your details, not as a promise that SSS will take it.
Who qualifies
SSS lists these conditions for employed members, kasambahay, self-employed, voluntary and non-working spouse members, and land-based OFWs (SSS Salary loan):
Condition · What SSS says; One-month loan · 36 posted monthly contributions, 6 of them within the last 12 months before you apply; Two-month loan · 72 posted monthly contributions, 6 of them within the last 12 months before you apply; Self-employed, voluntary, OFW · Also at least 6 posted contributions under your current membership type; Age · Of legal age and under 65 at the time of application; Other loans · No past-due salary loan, SLERP, educational assistance loan or other short-term or long-term member loan; Final benefit · None granted, unless it was already cancelled before you apply (re-employment, resumed self-employment, recovered from disability); Account · Updated contact information, and an active disbursement account enrolled in DAEM on My.SSS
For an employed member, the employer must also be up to date in contributions and loan remittances (SSS Salary loan). The rules come from SSS Circular 2025-004 (Circular 2025-004).
How much, and what it costs
- A one-month loan equals the average of your 12 latest posted Monthly Salary Credits, rounded to the next higher MSC, or the amount you applied for, whichever is lower. A two-month loan is twice that average (SSS Salary loan). - Interest is 8% per year on the diminishing balance for an initial loan or a renewal without penalty condonation in the past five years. It is 10% for a renewal with penalty condonation in the past five years. SSS says the rate can be adjusted and will announce changes (SSS Salary loan). - A 1% service fee and pro-rated interest are deducted from the proceeds (SSS Salary loan). - Repayment is 24 equal monthly amortizations, starting the second month after approval. A late payment bears a 1% monthly penalty (SSS Salary loan).
The net amount you receive is the approved loan less the fee, pro-rated interest and any balance of earlier short-term loans.
Step by step on the paper form
Open the SSS Member Loan Application. The form says to print in capital letters and black ink.
Part I-A, Member-borrower data. SS number, common reference number if any, date of birth, TIN, full name, home address, mailing address, phone, e-mail, and a foreign address if you have one. Match the name and birth date to your SSS record.
Part I-B, Loan data. Tick the loan type (Salary, SLERP or Others), write the amount applied for, and choose the mode of payment: UMID-ATM card, cash card or check. For a cash card, the form asks for your preferred bank.
Part I-C, Certification. Print your name, sign and date. You certify the information is true, agree to the attached terms and conditions, and promise to pay the confirmed loan amount.
Part II, Employer (employed members only). Employer ID, TIN, name, address, contact details, type of employer, and the employer's certification signed with position title and date. Your employer fills this, not you.
Part III is the member's authorization for a representative to sign the Disclosure Statement. Leave it blank if you are not using one. Part IV is for SSS.
Mistakes that get a loan stopped
- Applying while another loan is past due or while your contributions are not yet posted. - Skipping the DAEM step. SSS requires an active enrolled disbursement account, and proceeds go to it (SSS Salary loan). - An employer who is behind on remittances, since SSS lists this as a condition. - Contact details that are out of date. SSS says to update them on My.SSS or with the E-4 form.
Questions
Ilang contributions ang kailangan para sa salary loan?
SSS says 36 posted monthly contributions for a one-month loan and 72 for a two-month loan, with 6 of them inside the last 12 months before you apply (SSS Salary loan).
Pwede pa bang mag-file ng papel na loan application?
SSS's page names the My.SSS account and the mobile app as the way to file (SSS Salary loan). Ask your branch whether the paper MLP-01287 is accepted for your case.
Kailan ako puwedeng mag-renew?
SSS allows renewal after six months from loan approval if the loan is not past due and the last three amortizations were paid on time. A fully paid loan can be renewed right away on the same payment condition (SSS Salary loan).
Ano ang mangyayari kung hindi ako makabayad?
SSS treats a loan as in default when the unpaid amount is more than six monthly amortizations, or a balance remains after the term. It may deduct the balance from benefits due to you or your beneficiaries (SSS Salary loan).
Last checked 2026-10-15. Not affiliated with BIR, SSS, PhilHealth, Pag-IBIG or any government agency.