If an unpaid Social Security System (SSS) loan from years ago is haunting your account with compounded penalties, you are not alone. Over time, late charges can quickly overshadow the original amount you borrowed.
The SSS Conso Loan Program (Consolidation of Past Due Short-Term Member Loans with Condonation of Penalty) offers delinquent borrowers a fresh start. Under this program, SSS combines your past-due principal and interest into a single loan and waives 100% of your accumulated penalties once the consolidated balance is fully paid.
What Loans Are Covered?
The condonation program applies to unpaid short-term member loans, including:
- Salary Loan (and Salary Loan Early Renewal Program / SLERP)
- Calamity Loan
- Emergency Loan
- Restructured Loan
Who Is Eligible?
To qualify for the program, you must meet the following basic requirements:
- Have unpaid, past-due short-term member loans.
- Have an active My.SSS online portal account.
- Have not yet filed or claimed final SSS benefits (such as Retirement or Permanent Total Disability).
- Have no record of fraud against the SSS.
Choosing Your Repayment Scheme
When you apply, SSS will compute your total past-due principal and interest into a new consolidated balance. You can settle this balance in one of two ways:
Scheme A: One-Time Full Payment
Pay your consolidated balance in full within 30 calendar days from receiving the approval notice.
100% of your penalties are condoned instantly upon complete payment.
Note: Balances equal to or less than ₱5,000 must be paid in full under this option.
Scheme B: Flexible Installment Plan
Pay a down payment of at least 10% of the consolidated loan within 30 calendar days of approval.
The remaining balance is stretched over a monthly amortization schedule with a 10% interest rate per annum (diminishing balance).
Penalties are fully waived once the entire installment balance is completely paid.
| Consolidated Loan Amount | Maximum Installment Term |
| ₱5,001 – ₱10,000 | 6 months |
| ₱10,001 – ₱18,000 | 12 months |
| ₱18,001 – ₱36,000 | 24 months |
| ₱36,001 – ₱54,000 | 36 months |
| ₱54,001 – ₱72,000 | 48 months |
| Over ₱72,000 | 60 months (5 years) |
How to Apply Online (Step-by-Step)
Applications are processed strictly online through the SSS web portal.1. Log in to My.SSS Portal (Prerequisite: Active account)
Go to www.sss.gov.ph and log in using your user ID and password.
2. Navigate to Loan Application (Menu: Loans)
Hover over the Loans menu tab and select "Apply for Consolidation of Past Due Short-Term Member Loans with Condonation of Penalty".
3. Select Payment Scheme & Terms (Choose your plan)
Review the displayed breakdown of your principal, interest, and waived penalties. Choose between One-Time Payment or Installment Plan (select your desired term length).
4. Submit & Await Approval (Check email / My.SSS notifications)
Agree to the terms and submit your application. Keep an eye on your registered email or My.SSS inbox for the official notice of approval.
RELATED: 4 Ways to Verify, Check, and Retrieve Your SSS Number (Lost or Forgotten)
1. Are my penalties automatically removed as soon as my application is approved?
No. Approval reserves your condonation, but penalties are 100% condoned only after your consolidated loan is fully paid. For installment plans, partial penalties are conditionally waived as you pay, but full clearance requires 100% settlement.
Payment Options & Accredited Channels
To ensure your payments are posted accurately, you must generate a Payment Reference Number (PRN) for Loans via your My.SSS account or the SSS Mobile App before paying.
You can make payments through several convenient channels:
Digital & Mobile Channels (E-Wallets)
Online Banking Platforms
- UnionBank Online
- BPI BizLink / BPI App
- Security Bank (SBOL)
- AUB, RCBC, Landbank, and Metrobank (via respective mobile banking apps or BancNet eGov)
Over-the-Counter (OTC) Payment Centers
- Bayad Center
- ECPay outlets
- SM Bills Payment / SM Mart
- USSC / Palawan Express / Cebuana Lhuillier
- 7-Eleven CLIQQ Kiosks
- SSS Branch Tellering Counters
Warning on Default: If you select an installment plan and fail to pay according to your agreed term, your consolidated loan will go into default. The entire remaining balance—plus all previously condoned penalties—will be reinstated and automatically deducted from your future SSS benefits (such as sickness, maternity, disability, or retirement).
RELATED GUIDE: Where to Get SSS Payment Reference Number (PRN)
Frequently Asked Questions (FAQs)
No. Approval reserves your condonation, but penalties are 100% condoned only after your consolidated loan is fully paid. For installment plans, partial penalties are conditionally waived as you pay, but full clearance requires 100% settlement.
2. Can I apply for a new SSS Salary Loan while paying the Conso Loan?
Generally, no. You must fully settle your consolidated loan balance before becoming eligible to apply for a standard short-term salary loan again.
3. What if I am currently employed? Can my employer deduct Conso Loan payments from my salary?
Yes. Employed members can coordinate with their payroll or HR department to set up voluntary monthly payroll deductions for their Conso Loan installment amortizations.
4. Can Overseas Filipino Workers (OFWs) apply?
Yes. As long as you have an active My.SSS account, you can apply online from abroad and pay your monthly amortizations through international SSS partner channels like Ventaja, I-Remit, or online e-wallets.
Yes. As long as you have an active My.SSS account, you can apply online from abroad and pay your monthly amortizations through international SSS partner channels like Ventaja, I-Remit, or online e-wallets.
Final Thoughts
Leaving past-due SSS loans unaddressed can lead to heavy financial surprises when it comes time to claim your retirement or emergency benefits. The SSS Conso Loan Program provides a manageable pathway to clear your debt, erase unnecessary penalties, and restore your good standing with the SSS.Read More SSS Guides . . .
Maki-balita sa Philippines Today sa Facebook, Twitter, Instagram at YouTube!
0 Mga Komento