How much is the first loan in SSS?


Comprehensive Review of First SSS Loan in the Philippines: Eligibility, Requirements, Application Process, and Repayment Details

The Social Security System (SSS) in the Philippines is committed to providing financial support to its members through various loan programs. In this comprehensive review, CashLoanPH will delve into the first SSS loan, exploring its maximum loan amount, interest rate, repayment period, eligibility requirements, application process, and important details regarding loan repayment.

Maximum Loan Amount and Interest Rate

When applying for your first SSS loan, you can borrow a sum equivalent to one month’s salary or the average of your last 12 monthly salary credits (MSC), whichever amount is lower. This ensures that the loan is manageable and aligned with your income.

The interest rate for the first SSS loan is set at 10% per annum, providing a reasonable borrowing option for SSS members. The repayment period for this loan is spread over 24 months, allowing borrowers to handle their financial obligations comfortably.

Eligibility Requirements

To qualify for the first SSS loan, members must fulfill the following eligibility criteria:

Membership Types:

  • Employed member: Individuals working in the formal sector, including private companies and government agencies.
  • Self-employed member: Individuals engaged in entrepreneurial activities or freelance work.
  • Voluntary member: Individuals who voluntarily contribute to the SSS.

Monthly Contributions:

  • A minimum of 36 monthly contributions is required to establish an active membership history.
  • At least 6 contributions must be posted within the last 12 months before the loan application month.

Employer’s Contribution:

  • Your employer must be up-to-date with their contribution payments to ensure eligibility for the loan.

Existing Loans:

  • To avail of the first SSS loan, applicants must not have any outstanding loans with the SSS.

Age Requirement:

  • Applicants must be under 65 years of age at the time of loan application.

Application Process

Applying for the first SSS loan is a straightforward process, offering convenience and accessibility to SSS members. The following steps outline the application process:

Application Submission:

  • Complete the Member Loan Application Form, providing accurate and up-to-date information.
  • Submit the filled-out form either at any SSS branch or conveniently online through the My.SSS portal.

Required Documents:

Ensure you have the necessary documents for a successful loan application:

  • SSS digitized ID or E-6 (acknowledgement stub) to establish your membership.
  • Two valid IDs, one of which should have a recent photograph.
  • An unexpired Driver’s License is an acceptable form of identification.

Processing Time:

  • The processing time for the first SSS loan typically ranges from 10 to 15 working days.
  • Upon loan approval, the SSS will promptly notify you, ensuring you are informed of the loan status.

Loan Repayment:

  • Loan repayment begins on the 2nd month following the loan date.
  • The monthly amortization must be settled on or before the designated payment deadline.


The first SSS loan offers a valuable financial resource for eligible members, allowing them to address their financial needs responsibly. By adhering to the outlined eligibility requirements and following the application process diligently, SSS members can avail themselves of this beneficial loan facility. It is crucial to meet all the specified criteria and submit the required documents accurately to ensure a smooth and successful loan application. The SSS prioritizes the financial well-being of its members and aims to provide efficient loan services for their benefit.

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CashLoanPH Changed status to publish 15/06/2023