How to process Salary Loan with Social Security System (SSS)

Getting a loan from the bank may be easy for some but more people, especially voluntary and self-employed members, prefer government agencies such as SSS and Pag-IBIG.

The reason is that government agencies give lower annual interest fee for lenders. The only con is you can’t pay it in advanced.

Who can lend (eligibility)?

  • Everyone who are currently employed, self-employed, and voluntary members of SSS
  • Have at least 36 months contribution
  • Haven’t claimed their final benefit yet (e.g. retirement/disability benefits)
  • Who are under 65 years old
  • Haven’t committed fraud or violation against SSS
  • Have current SSS loan that has at least 50% remaining balance

Basic requirements

  • Filled out Member Loan Application form
  • UMID Card or E-6 stamped form
  • 2 valid IDs with photocopies
  • Letter of Authority from employer (if applicable)
  • Authorized Representative SSS card or 2 valid IDs (if applicable)

How to apply?

Just a heads up. You need to open the website using Internet Explorer or Microsoft Edge so you can see all the pages’ content.

There is a new My.SSS Beta web portal but loan processing is not yet available there. It is highly suggested to use the old portal for now.

For employed members

This is really easy for employees because most of the processes will be done by their employees. All you need to do is provide all the needed requirements to your HR department.

  • Go to and click SSS Login and enter your credentials. If you don’t have a My.SSS account yet, you can register here.
  • Hover on E-SERVICES and click Apply for Salary Loan
  • You will see a message if you can or cannot apply for a loan.
  • If it shows that you are eligible for a loan, you will see your employer’s SSS information and the amount you can lend.
  • You have the option to choose how much you want and click OK.
  • An SSS Loan Disclosure Statement will appear and you can download it.
  • Make sure you really need it before hitting SUBMIT. Please be careful and click the Submit button only once. Duplicating it may affect your application.
  • A request message will be sent to your employer and just wait for their approval. You could receive a confirmation email from your employer.
  • Once approved by your employer, it will take around 3-4 weeks to receive your check (or will be credited to your Cash Card if applicable).

For self-employed and voluntary members

  • If you have a My.SSS account, you can apply online but the rest of the process will be done in the office near you.
  • If you don’t have a portal account, take the requirements with you and visit any SSS branch office or kiosks near you.
  • You can be informed about the application and you can ask questions about the loan process.
  • You may or may not be approved depending on your case. Don’t worry, they will tell you why so you will know what to do next.
  • Once approved, you will be notified via email or SMS when you can pick up your check, or when it will be deposited to your Cash Card if it’s available.

What are the interest rate, payment duration, and fees?

The interest rate is 10% per annum. The lowest and very competitive to most lending establishments in the country.

The amortization period is 2 years and you will start paying on the second month from the time your loan was approved.

A 1% service fee will be automatically deducted from the principal amount and you must have seen it on your SSS Loan Disclosure Statement copy.

If you have skipped a payment, you will be charged 1% of the principal amount per month, until of course you start paying.

When can I renew?

If you have paid at least 50% or 12 months, you can apply for loan renewal. Please be advised that the remaining loan balance will be deducted from your new principal loan amount.

What is your responsibility?

To pay on time.

Final Note

Good luck!