Am I Eligible To Avail an SSS Salary Loan?

May 1, 2019 | 8:27 am 22 Comments Am I Eligible To Avail An SSS Salary Loan
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    Just recently, Me and a Colleague was discussing about the benefits and convenience of applying for an SSS Salary Loan for the third time.

    Little did we know, another colleague from the next table is overhearing our conversation.

    She asked us, how do we know if we are eligible to avail another SSS Salary Loan. Hearing the tone of her voice shows that she’s intrigued and want’s to apply for an SSS Salary loan for the first time.

    Well to be fair, she’s a quite young and fresh from college that’s why we understand her innocence on this matter. These things are not taught inside the classroom.

    So our lecture to her began… Feel free to join in!

    For First Time SSS Salary Loan Applicants Eligibility

    If you are a first time SSS Salary Loan Applicant, you must consider the next items below:

    This applies to all Members currently employed, currently contributing self-employed or voluntary member.

    • For a one-month loan, the member-borrower must have thirty six (36) posted monthly contributions, six (6) of which should be within the last twelve (12) months prior to the month of filing of application.
    • For a two-month loan, the member-borrower must have seventy two (72) posted monthly contributions, six (6) of which should be within the last twelve (12) months prior to the month of filing of application.
    • The member-borrower whose employer must be updated in the payment of contributions.
    • The member-borrower has not been granted final benefit, i.e., total permanent disability, retirement and death
    • The member-borrower must be under sixty-five (65) years of age at the time of application.
    • The member-borrower has not been disqualified due to fraud committed against the SSS.

    If you passed the criteria for an SSS Member who can apply for a loan, then it’s a go!

    If This is NOT your first time to apply for an SSS Salary Loan, logically, you are an SSS Member who seeks for a Salary Loan Renewal.

    SSS Salary Loan Renewal

    If you didn’t qualify as a First Timer Salary Loan Applicant, then the following rules below should apply to you:

    • Renewal shall be allowed after payment of at least 50% of the original principal amount and at least 50% of the term has lapsed. In simple words, the amount due must be equal or less than 50% of the original principal amount.

    For example, I was approved by SSS a P15,000 Salary Loan. To be able to get an approval from SSS for a new Salary Loan, the remaining balance/unpaid balance of my existing loan must be equal or less than P7,500.

    • Another thing to consider is the term remaining in the SSS Member’s Salary Loan. The usual term for an SSS Salary Loan is two (2) years or twenty four (24) months. A Salary Loan Renewal can be approved if 50% of term or twelve (12) months of the existing loan has passed.
    • Proceeds of renewal loan is any amount greater than or equal to zero as long as the outstanding balance on the previous loan is deducted. This means, the existing loan balance will be deducted to the new salary loan.

    If you are still unsure of the things mentioned above, you can easily verify your eligibility for SSS Salary Loan Renewal using the criteria I have provided above.

    Years ago, you can just easily determine if you’re allowed to renew your SSS Salary Loan by just logging in to your SSS Online Inquiry website.

    You can see it right down below the screen shot I have provided.

    Am I Eligible To Avail An SSS Salary Loan Renewal Eligibility

    The website will automatically do the decision making for you so you won’t be wasting your time applying for a renewal of your salary loan and gets rejected. That’s how easy it is before.

    But now, we don’t have this feature anymore. We don’t know why they removed it but it’s not a good move. To address this, we have to do this manually and determine for ourselves if we are eligible for a SSS Salary Loan Application.

    By now I assume you are an SSS Member who are planning to renew the existing loan you have.

    We have to go through the three (3) eligibility criteria written above and we have to do this by ourselves.

    So first things first. The criteria says:

    Renewal shall be allowed after payment of at least 50% of the original principal amount

    To check our total payment, we have to log in to our SSS Online Inquiry Account. Now go to and log in.

    Am I Eligible To Avail An SSS Salary Loan Website Log in

    Log in to your SSS Online Account. Correctly enter your SSS User ID and Password then click the “Submit” button at the bottom.

    After logging in to your account, it will direct you to the same image below. Hover your mouse over “E-SERVICES” and click the “Inquiry” link to proceed.

    Am I Eligible To Avail An SSS Salary Loan? - Inquiry

    This will show you your SSS Employee Static Information as well as other information. You can just ignore this because the information you’re seeing is irrelevant to your goal.

    What we’re trying to know is if you have paid the 50% of your previous loan. So head down to the second menu and hover your mouse to the “Loans” link.

    Am I Eligible To Avail An SSS Salary Loan - Loans Status Loan Info

    Click the “Loan Status/Loan Info” to show the list of loans you have availed.

    Am I Eligible To Avail An SSS Salary Loan? - Loan Application Details

    As you can see from the screenshot above, I already have availed three (3) SSS Salary Loan in my entire career. The first salary loan with a loan date of 12-14-206 amounting to P32,000. Take note of these information you’ve recently found.

    • Loan Date (12-14-2016)
    • and Loan Amount (P32,000)

    Again, we’re trying to know if we have paid the 50% of that loan.

    Click the link “SALARY LOAN” (underlined and colored in blue) to view the details.

    Am I Eligible To Avail An SSS Salary Loan? - Loan Payments

    It will display all the payments made by your Employer on your behalf. Take note of the Total Amount of Payments at the bottom. In this case, I’m seeing that I am fully paid.

    Now, let’s try to figure out if you paid the 50% of your Salary Loan. Remember the Loan amount I asked you to take note.

    If we divide it by two using my example (P32,000), we will get 16,000. Compare it with the Total Amount of Payments. Is your Total Amount of Payments greater that the 50% of your Loan Amount?

    If yes, then you passed the first criteria of applying for a renewal of your SSS Salary Loan.

    If you didn’t passed, don’t bother to continue because you will be denied.

    The second criteria says:

    Renewal must be at least 50% of the term has lapsed.

    Again, we’re going back to the information I asked you to take note. The Loan Date. In my case, my SSS Salary Loan was granted December 14, 2016.

    Most of the time, the SSS Salary Loan has a loan term of twenty four (24) months or two (2) years.

    Fifty percent (50%) of 24 months is 12 months meaning, I am allowed to attempt to renew the loan on December 15, 2017. That is 12 months and 1 day after the issuance of my first loan.

    Easy peasy right? We have discussed already the two criteria and I passed it with flying colors. 🙂

    For the third criteria,

    Renewal Loan is greater than or equal to the Existing Loan Balance.

    Let’s put it in layman’s term, since you are renewing your salary loan and you have an existing balance, it is right and just for the company to pay off your existing loan using your new loan.

    For example, I have a P14,000 loan balance and I am asking for a renewal of loan for P30,000. The previous balance of P14,000 will be deducted from the new loan of P30,000. I will be still be granted a loan of P30,000 but i will not receive the entire amount. I will only receive P16,000 after deducting my previous loan balance.

    Let’s Wrap This Up!

    To summarize what we’ve just talked about. You can easily know if you are eligible for an SSS Loan by just logging in to your SSS Online Inquiry Account by yourself.

    This will only take you five to ten minute, give or take.

    Take note that there are several rules or criteria that we laid out. Also, you need to be aware if you are applying for a renewal or first time applicant because that’s two different things.

    Let me know your thoughts on my tutorial guide. Do you know any better ways to do this? Happy to hear from you!


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    • Margarette Ann LLabres says:

      Panu po mag online sa sss pag mag loloan na.. Thank u po

    • Melessa Baluyos Arco says:

      pag ngbayad ba sa loan mgpost agad within the day or ilangaraw pa bago mapost

    • _Samuel M. Ilaya_ says:

      hi! how can i cancel my pending salary loan application? i applied it thru online application but i did not submit the needed requirements and during that time i was still employed. currently, i already changed my membership status as voluntary member and i want to make a salary loan thru online again but it reflected that i cannot make another application because of my past pending salary loan application.

    • Julius Batad says:

      Ask ko lang po if paano po makakakuha ng sss salary loan if halimbawa po member na? Salamat

    • Mary Bhert says:

      Sir ask q lang po kung magkanu po makukuha ng self employed kung magaapply ng SSS Salary Loan?

    • Jeda Sena says:

      im filing sss salary loan online but nothing happens when i click “apply for salary loan” an napapapakita lang e ung name ko at sss number walang option para iprocess ung loan..what should i do?

    • Kurt says:

      Paano po mag apply ng SSS Loan?

    • Kaiven Alberto says:

      hi ask ko bunstis po ako pano po mag apply ng SSS Salary loan?? thank u

    • Jervee Baltazar says:

      Gaano po ba tlga katagal ang process ng salary loan via online

    • Earl Montero says:

      Hi SSS, wala bang other means to contact you for inquiries about my Salary loan?

    • Agnes Espedes says:

      hello po, tanong ko po kung malalaman ba nmin kung sino nag kulang ang SSS BA O ANG COMPANY NMIN? kc po mi loan po ako 2016 pa, buwan buwan kinakaltasan po ako ng company nmin, Kaya alam ko na tapos na po ako. ang problema ng mag laon po ako uli, hindi na aprobahan kc mi laon balanced pa po ako na halos 17k.nag reklamo po ako sa office namin ang sabi updated nman daw ang bayad. kaya sa SSS daw po mi problema kc Hindi daw nila na post.

    • Mary Joy Rint Varias says:

      Ask lng po pano po b yun nka condination n po ung prev salary loan pero ndi po nhulugan lhat ntapos n po yung limit time of payments nya..pano po yun?

    • mahaindo says:

      Everything is very open with a clear explanation of the issues.
      It was truly informative. Your site is extremely helpful.

      Thanks for sharing!

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      It’s always interesting to read articles from other authors and practice a little something from their sites.

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