Employment-Based Loans · March 2026

Salary Loan Philippines: Complete Guide 2026

Compare SSS, Pag-IBIG, bank, and company salary loans. Government loans from as low as 10%/year.

10%
Govt. rate/year (SSS)
₱32K
Max SSS loan
24 mo
Standard term
5–10d
Govt approval

Types

Types of Salary Loans

Government Salary Loans

SSSPag-IBIGGSIS
Lowest interest rates
Flexible terms
Member benefits
10%–10.5%/year

Best for: SSS/Pag-IBIG/GSIS members with contributions

Bank Salary Loans

BPISecurity BankUnionBankMetrobank
Higher loan amounts
Faster approval
Online application
1.5%–2.5%/month

Best for: Employed with stable income and good credit

Company Salary Loans

Your employer
Zero or low interest
Easy approval
Payroll deduction
0%–2%/month

Best for: Employees with good standing in company

Verified Data

Top Salary Loan Providers

Rates as of March 2026. Verify current rates directly with provider.

ProviderTypeAmountRateTermRating
SSS Salary Loan
SSS member, 36 months contributions
Government₱8,000 – ₱32,00010%/year24 months
4.6
Pag-IBIG MPL
Pag-IBIG member, 24 months contributions
GovernmentUp to 80% of savings10.5%/year24 months
4.5
BPI Salary Loan
Employed, ₱30K monthly income
Bank₱50K – ₱2M1.49%/month12–60 months
4.4
Security Bank
Employed, ₱25K monthly income
Bank₱50K – ₱1M1.75%/month12–36 months
4.3
UnionBank
Employed, ₱30K monthly income
Bank₱50K – ₱2M1.5%/month12–60 months
4.4
Company Loan
Company employee, tenure requirement
EmployerVaries0%–2%/month6–24 months
4.7

Government Loans

SSS vs. Pag-IBIG — Detailed Comparison

SSS Salary Loan

Social Security System

Amount
₱8,000 – ₱32,000
2× monthly salary (max ₱32K)
Rate
10%/year (0.83%/month)
Term
24 months
Approval
5–10 business days
Requirements
SSS member
Min. 36 months contributions
At least 6 contributions in last 12 months
No existing SSS loan
Employed or self-employed

Pag-IBIG Multi-Purpose Loan

Home Development Mutual Fund

Amount
Up to 80% of savings
Min ₱1,000 — Max ₱8,000,000
Rate
10.5%/year (0.88%/month)
Term
24 months
Approval
7–10 business days
Requirements
Pag-IBIG member
Min. 24 months contributions
Employed or self-employed
No existing Pag-IBIG loan
Under 65 years old

FAQ

Frequently Asked Questions

Rates as of March 2026. Verify current rates directly with provider. Pawnshop Manila is not a lender.

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