SSS Salary Loan vs Pag-IBIG MPL
Which government loan is cheaper to borrow?
Both SSS and Pag-IBIG let members borrow against their contributions. They differ in how much you can borrow, the interest rate, and the term. Enter your figures in both to compare the monthly amortization.
SSS Salary Loan
1× or 2× your average MSC, 10% per year over 24 months.
Pag-IBIG MPL
Up to 80% of your TAV, 10.5% per year over 24–36 months.
Which should you choose?
The SSS salary loan is tied to your salary credit and has a slightly lower rate (10% vs 10.5%), while the Pag-IBIG MPL is tied to your total accumulated savings and can offer a larger amount and a longer term. If you need a bigger sum or smaller monthly payments, the longer Pag-IBIG term often helps; if you want the lowest interest, SSS edges it. Eligibility and exact terms differ — confirm with each agency.
Estimates only — verify with the relevant agency or a professional.