SSS Salary Loan

The Social Security System (SSS) Salary Loan is the most widely accessed government credit facility for private-sector employees in the Philippines, offering lump-sum loans at an annual interest rate of 10% to members who have met the required contribution count. Loan amounts are based on the member's average monthly salary credit, with one-month loans up to PHP 48,000 and two-month loans up to PHP 96,000. Repayment is automatic through monthly payroll deductions, reducing default risk and simplifying loan management for borrowers.