The maximum SSS salary loan can be up to P30,000 for a two-month salary loan, or P15,000 for a one-month salary loan.
Understanding SSS Salary Loan Amounts
The Social Security System (SSS) provides salary loans to eligible members, offering financial support based on their contributions. The maximum amount you can borrow is tiered, depending on the type of loan you qualify for.
Loan Types and Maximum Amounts
Here's a breakdown of the maximum loanable amounts:
| Loan Type | Maximum Amount |
|---|---|
| One-month Salary Loan | P15,000 |
| Two-month Salary Loan | P30,000 |
These figures represent the highest possible amounts a qualified member can borrow from SSS for their salary loan.
Factors Affecting Your Actual Loanable Amount
It's important to note that while the P15,000 and P30,000 figures are the maximums, the actual amount you can borrow is not automatically guaranteed to be these figures. Your precise loanable amount is largely determined by your contribution history.
Specifically:
- Average Monthly Contributions: The actual loanable amount will depend on the average sum you have been paying as your monthly contribution over the last 12 months. This means that consistent and higher contributions to SSS can lead to a higher qualified loan amount, up to the stated maximums.
This calculation ensures that the loan amount is aligned with a member's active contribution history, reflecting their engagement with the SSS fund.
