If you were told to “submit disclosure requirements to SSS,” the first thing to clarify is what document is being asked for. In most real-life SSS situations, people are referring to the SSS Loan Disclosure Statement for a salary loan, an updated Statement of Loan Account, or the employer’s online submission of the Loan Collection List (LCL/ML2). These are related, but they are not the same. The fastest way to avoid delays is to know who must submit what: the member usually saves or gives the disclosure/loan statement to the employer, while the employer submits the required certification, loan collection list, and PRN-based loan payments to SSS.

What “SSS Disclosure Requirements” Usually Means

There is no single SSS form officially called “Disclosure Requirements” for all transactions. In practice, the phrase usually refers to one of these:

Situation	Document or action usually needed	Who handles it
You applied for an SSS Salary Loan	Disclosure Statement on Loan/Credit Transaction	SSS generates it; member saves/prints it
Your employer asks for proof of your SSS loan	Loan Disclosure Statement or updated Statement of Loan Account	Member gives copy to employer/payroll
You changed employer with an existing SSS loan	Updated loan account showing balance and amortization	Member secures it; new employer deducts/remits
Employer remits employee loan deductions	Loan Collection List (LCL/ML2) and PRN loan payment	Employer submits through My.SSS
Employer certifies an employee’s loan application	Online certification of salary loan	Employer certifies through My.SSS

The important point: the SSS Loan Disclosure Statement is usually generated by SSS, not “submitted to SSS” by the member. The member’s practical job is to view it carefully, save it, and provide it to the employer if payroll needs it.

Legal Basis for SSS Loan Disclosure and Submission Requirements

Truth in Lending Act: RA 3765

The disclosure statement exists because Philippine law requires transparency in credit transactions. Republic Act No. 3765, or the Truth in Lending Act, requires a creditor to give the borrower a clear written statement before the credit transaction is completed. The statement should show the finance charges, total amount financed, and the rate or percentage of finance charges, among other items. (Supreme Court E-Library)

For SSS salary loans, this is why the disclosure statement typically shows:

loan amount;
deductions such as service fee and advance interest;
net proceeds;
monthly amortization schedule;
effective interest rate;
penalties or conditional charges if payment is delayed.

This is not a mere attachment. It is the borrower’s written guide to the actual cost and repayment schedule of the SSS loan.

Social Security Act of 2018: RA 11199

Republic Act No. 11199, or the Social Security Act of 2018, gives SSS authority to administer benefits, contributions, and member loans. It also imposes duties on employers, including remitting required SSS contributions and deductions. For contributions, RA 11199 provides that employers required to deduct and remit are liable for payment and may be charged a 2% monthly penalty for late contribution remittance.

For loan amortizations, the law is especially strict once the employer has already deducted money from the employee’s salary. RA 11199 states that an employer who deducts monthly contributions or loan amortizations but fails to remit them to SSS within 30 days from the due date is presumed to have misappropriated them and may face penalties under Article 315 of the Revised Penal Code, the provision on estafa.

SSS Circular No. 2025-004 on Salary Loans

SSS Circular No. 2025-004, effective 16 June 2025, sets the current guidelines for the SSS Salary Loan Program. It applies to employed members, kasambahays/household employees, self-employed members, voluntary members, non-working spouses, and land-based OFW members.

The circular confirms several practical rules that matter when submitting or using disclosure documents:

salary loan applications are filed online through My.SSS or the MySSS mobile application;
the member must have updated contact information and an active DAEM-enrolled disbursement account;
the employer of an employed member must be updated in contribution and loan remittances;
the employer must certify the loan application through My.SSS;
payment is made using a Payment Reference Number, or PRN.

Who Must Submit What to SSS?

If you are the SSS member-borrower

You normally do not submit the disclosure statement back to SSS because SSS generates it during the loan application process. What you need to do is:

review it before submitting the loan application;
save or download a copy;
give a copy to your employer if requested;
keep it for your personal records.

For employed members, the My.SSS process includes viewing and saving the Loan Disclosure Statement before submitting the salary loan application. (Social Security System)

If you are the employer

The employer’s responsibility is different. The employer does not merely collect the employee’s disclosure statement. The employer must:

certify the employee’s salary loan application online;
deduct the approved monthly amortization from payroll;
remit the deduction to SSS using PRN;
submit the Loan Collection List or LCL/ML2;
report separation and any unpaid loan balance when applicable.

SSS states that employers must deduct employees’ loan amortizations and remit them with the LCL using the PRN for loans payment. SSS also notes that employers should require new employees or house helpers to disclose existing SSS loans by securing an updated statement of loan account. (Social Security System)

Step-by-Step Guide for Members: How to Handle SSS Loan Disclosure Requirements

1. Make sure your My.SSS account is active

Before applying for a salary loan or retrieving loan records, you need access to your My.SSS account. Check that your:

User ID and password work;
registered email address is active;
mobile number is updated;
mailing address is correct;
disbursement account is enrolled and approved through DAEM.

For salary loan eligibility, SSS requires updated contact information and an active disbursement account enrolled through the Disbursement Account Enrollment Module in My.SSS. (Social Security System)

2. Apply for the SSS Salary Loan through My.SSS

For most members, the online route is:

Go to the SSS website.
Log in as a member.
Open E-Services.
Choose Apply for Salary Loan.
Select your preferred loan amount.
For employed members, choose the correct certifying employer or branch.
Agree to the terms and conditions.
View and save the Loan Disclosure Statement.
Submit the application.
Take note of the transaction number.
Check your registered email for confirmation.

The SSS My.SSS service guide specifically includes the step to view and save the Loan Disclosure Statement before submission for both self-employed/voluntary/OFW members and employed members. (Social Security System)

3. Review the disclosure statement before you submit

Do not skip the disclosure screen. Check the following carefully:

Loan amount — the gross amount approved before deductions.
Service fee — currently 1% of the loan amount for salary loans.
Advance interest — prorated interest deducted from the proceeds.
Prior loan balance — any unpaid balance from a previous short-term loan.
Net proceeds — the actual amount you will receive.
Monthly amortization — what will be deducted or what you must pay monthly.
First amortization month — when repayment starts.
Effective interest rate — the annual effective rate shown for your loan.
Conditional charges — interest and penalties if late or unpaid.

Under the current SSS salary loan rules, the loan is payable in 24 equal monthly amortizations, the amortization starts on the second month after loan approval, and payment is due on or before the last day of the month following the applicable month. (Social Security System)

4. Save the disclosure statement immediately

Use any of these methods:

download the PDF, if available;
print to PDF from your browser;
take screenshots only as a backup;
email the PDF to yourself;
keep a copy in a secure folder.

This document contains your SSS number and loan details, so do not post it in Facebook groups, public forums, or unsecured chat threads. The Data Privacy Act of 2012, RA 10173, protects personal and sensitive personal information, and SSS has separately warned members not to display personal data on public platforms because it may be used for fraudulent activities. (National Privacy Commission) (www.foi.gov.ph)

5. Give a copy to your employer only when needed

Employers usually ask for the disclosure statement or loan account statement when:

your salary loan was recently approved;
payroll needs the monthly amortization amount;
you transferred from another employer;
you have an existing SSS loan balance;
the employer is reconciling deductions and remittances.

Send only what is necessary. A PDF copy is usually enough for payroll. Avoid sending login credentials, OTPs, full screenshots of your My.SSS dashboard, or unrelated benefit records.

Step-by-Step Guide for Employees Who Changed Employer

Changing employers is one of the most common reasons people search for how to submit SSS disclosure requirements.

If you have an existing SSS loan and move to a new employer, do this:

Log in to My.SSS.
Check your current loan balance or statement of account.
Download or print the updated loan statement if available.
Give a copy to your new HR or payroll department.
Confirm that payroll will deduct the monthly amortization.
Monitor your My.SSS loan payments after each payroll cycle.
Keep your payslips showing SSS loan deduction.

SSS rules require the member to authorize the new employer to deduct the corresponding amortization due on the existing salary loan, including interest or penalty for late remittance, in case of employment or re-employment.

A common problem is assuming that the old employer will automatically transfer the loan to the new employer. In practice, payroll departments often need a copy of your loan account statement before deductions start. If no deductions are made for several months, the account can accumulate penalties even if the delay was unintentional.

Step-by-Step Guide for Employers: How to Submit Loan Disclosure-Related Requirements to SSS

1. Confirm the employee’s SSS number and employment status

Before certifying a salary loan or submitting a loan collection list, verify:

employee’s correct SSS number;
full legal name;
current employment status;
correct employer branch, if the company has branches;
whether the employee has an existing SSS loan.

SSS requires employers to maintain true and accurate employee records, including payroll records, official receipts for contributions and loan amortizations, and amounts deducted from salaries or wages. (Social Security System)

2. Certify the employee’s salary loan application in My.SSS

For employed members, the employer must log in to My.SSS and electronically certify the loan application. The employer attests that:

the member is presently employed by the company;
the employee’s net take-home pay is sufficient for the monthly amortization;
the employer will collect through payroll deduction and remit to SSS.

SSS Circular No. 2025-004 expressly states these employer certification responsibilities.

The My.SSS employer process is generally:

Log in to the Employer Portal.
Go to E-Services.
Choose Certification of Loan/Claim.
Select Salary Loan.
Click Y to certify or N to reject.
Agree to the terms and conditions.
Submit.

The SSS My.SSS service guide lists these steps for certification of salary loan applications. (Social Security System)

3. Deduct the monthly amortization from payroll

Once the salary loan is approved and amortization begins, payroll should deduct the correct monthly amortization. For salary loans, the amortization starts on the second month following the month of approval. Payment deadline is the last day of the month following the applicable month. If the deadline falls on a Saturday, Sunday, or holiday, payment may be made on the next working day. (Social Security System)

Example:

Loan approved	First amortization month	Usual payment deadline
April 2026	June 2026	31 July 2026
May 2026	July 2026	31 August 2026
June 2026	August 2026	30 September 2026

4. Submit the Loan Collection List or ML2 in My.SSS

The employer’s actual submission to SSS is usually the Loan Collection List, also referred to in older materials as ML2.

The My.SSS service guide describes these options under Submit Loan Collection List (ML2):

download the LMS File Generator;
create the collection list online;
upload collection lists using an LMS text file;
submit from latest billing;
edit a previously submitted collection list. (Social Security System)

The LCL generally includes:

employee SSS number;
employee full name;
loan type;
loan date;
loan amount;
monthly amortization;
payment date;
amount paid;
receipt number;
applicable month.

5. Pay the loan remittance using PRN

SSS uses the Payment Reference Number system for correct and faster posting of loan payments. Employers may get PRNs through email, the Employer My.SSS account, or an SSS branch. The printed PRN Loans Billing Statement with barcode is then used when paying through SSS tellering counters or accredited collecting partners. (Social Security System)

Payment posting is important. If the employer deducted the amount from the employee but did not remit it properly, the employee’s SSS record may still show arrears.

6. If the employee separates, deduct or report the unpaid balance

When an employee resigns, retires, is terminated, or otherwise separates from the company, SSS rules require the employer to deduct the total balance of the salary loan from compensation or benefits due to the employee and remit it to SSS. If the final pay or benefits are not enough to fully pay the loan, the employer must report through the LCL the effective separation date and unpaid loan balance not later than the last day of the month immediately following the month of separation.

This is why resigned employees often see SSS loan deductions in their final pay computation.

Required Documents and Information

For members

Purpose	What to prepare
Apply for salary loan	My.SSS account, updated contact details, eligible contributions, approved DAEM account
Save disclosure statement	Access to My.SSS, PDF/screenshot/print function
Submit to employer	Loan Disclosure Statement or updated Statement of Loan Account
Change employer	Updated loan account, payslip records, new employer payroll contact
Recover lost disclosure statement	My.SSS access, transaction number if available, valid ID if visiting branch

For employers

Purpose	What to prepare
Certify loan	Employer My.SSS account, correct ER ID, employee SSS number, employment status
Submit LCL/ML2	Loan details, payroll deduction data, applicable month, payment details
Pay loan deductions	PRN Loans Billing Statement, payment channel access
Report separation	Separation date, final pay deductions, unpaid balance if any
Update employer records	Employer Data Change Request if applicable, supporting documents when required

Fees, Interest, Penalties, and Timelines

Item	Current practical rule
Fee to download disclosure statement	No separate SSS download fee
Salary loan service fee	1% of loan amount, deducted from proceeds
Interest rate	8% per annum for initial salary loan or renewal without recent penalty condonation; 10% per annum for renewal with previous penalty condonation within the past 5 years
Repayment term	24 monthly amortizations
Start of amortization	Second month after loan approval
Payment deadline	Last day of the month following the applicable month
Late payment penalty	1% per month, computed and charged for every day of delay
If unpaid after loan term	10% annual interest plus 1% monthly penalty until fully paid
Employer separation reporting	Through LCL, not later than the last day of the month after separation

These salary loan charges and timelines come from the current SSS Salary Loan guidelines.

In practical terms, the disclosure statement is available during the online loan application itself. The bigger delays usually come from:

employer certification not yet completed;
DAEM bank account not yet approved;
employer contribution or loan remittance not updated;
unposted prior payments;
wrong employer branch selected;
My.SSS access problems;
mismatch in member records.

Common Problems and How to Handle Them

“I forgot to download my SSS disclosure statement.”

First, check your My.SSS loan details, member inbox, and email confirmation. If the exact disclosure PDF is no longer visible, use the updated loan statement or loan account information for payroll purposes, if your employer accepts it.

If you need SSS assistance, use official SSS service channels such as the uSSSap Tayo CRMS Portal or an SSS branch. Be careful with FOI requests for personal loan documents. SSS has denied at least one FOI request for a disclosure statement because FOI does not cover inquiries and concerns that disclose member information and details. (www.foi.gov.ph)

“My employer is asking for my disclosure statement before deducting my loan.”

Give payroll the disclosure statement or updated Statement of Loan Account. The employer needs the amortization amount, loan type, and loan details to deduct and remit correctly. Do not give your My.SSS password or OTP.

“My new employer says my old SSS loan is not their responsibility.”

For an existing SSS salary loan, the member must authorize the new employer to deduct the amortization. SSS also tells employers to require new employees or house helpers to disclose existing SSS loans by securing an updated statement of loan account and to continue deducting and remitting amortizations as necessary. (Social Security System)

“My payslip shows SSS loan deduction, but My.SSS shows unpaid.”

This is a serious payroll reconciliation issue. Gather:

payslips showing deduction;
payroll advice or HR confirmation;
month covered;
amount deducted;
any employer payment reference.

Ask payroll to check whether the loan deduction was included in the LCL and paid under the correct PRN. If deductions were made but not remitted, RA 11199 treats non-remittance of deducted loan amortizations very seriously.

“The loan balance is higher than I expected.”

Check whether the balance includes:

unpaid amortizations;
late payment penalties;
continuing interest after maturity;
prior loan balance deducted from renewal;
unposted employer payments;
payments applied first to penalty, then interest, then principal.

SSS applies payments in the order of penalty, interest, then principal. (Social Security System)

“I am an OFW or outside the Philippines.”

Land-based OFWs are included in the salary loan guidelines if they meet the requirements. Loan payment is usually made through PRN and accredited payment channels. If you are employed abroad and paying as an OFW or voluntary/self-employed member, you generally handle payment yourself rather than through a Philippine payroll employer.

“I am a foreign national working in the Philippines.”

If you are registered with SSS and have qualifying posted contributions, the process depends on your actual SSS coverage and membership records. The same My.SSS and disclosure-statement principles apply: check eligibility, keep your loan disclosure, and coordinate with the Philippine employer handling payroll deductions.

Frequently Asked Questions

Do I need to submit my SSS Loan Disclosure Statement to SSS?

Usually, no. SSS generates the disclosure statement during the online salary loan application. You view, save, and keep it. If someone asks you to “submit” it, they usually mean submit a copy to your employer or payroll department.

Where can I get my SSS Loan Disclosure Statement?

You normally see it during the My.SSS salary loan application process before final submission. For employed members, the My.SSS guide says the member should view and save the Loan Disclosure Statement before submitting the loan application. (Social Security System)

What if I forgot to download the disclosure statement?

Check your My.SSS loan records and email confirmation first. If unavailable, request assistance through official SSS channels such as uSSSap Tayo CRMS or an SSS branch. Avoid posting your SSS number or loan details publicly.

Is the disclosure statement the same as the Statement of Loan Account?

No. The Disclosure Statement explains the terms and cost of the loan at approval. The Statement of Loan Account or loan statement shows current balance, payments, and amortization status. Employers often ask for either document depending on what payroll needs.

Why does my employer need my SSS loan disclosure or loan statement?

The employer needs it to know the correct amortization and loan details for payroll deduction and remittance. SSS requires employers to deduct and remit employee loan amortizations with the Loan Collection List using PRN. (Social Security System)

Can my employer deduct my full SSS loan balance from my final pay?

Yes, if you separate from employment and still have an unpaid SSS salary loan. SSS Circular No. 2025-004 states that the employer shall deduct the total loan balance from compensation or benefits due to the employee upon separation and remit it to SSS.

What happens if my employer deducted my SSS loan but did not remit it?

The payment may not appear in your SSS record, and your loan may show penalties or arrears. Under RA 11199, an employer who deducts loan amortizations but fails to remit them to SSS within 30 days from due date is presumed to have misappropriated them and may face penalties under Article 315 of the Revised Penal Code.

How do employers submit SSS loan payments?

Employers submit the Loan Collection List or ML2 through My.SSS and pay using a PRN. SSS allows employers to create the list online, upload a file, submit from latest billing, or edit a previously submitted list. (Social Security System)

Is there a deadline for SSS salary loan payments?

Yes. Salary loan payments are due on or before the last day of the month following the applicable month. If the deadline falls on a Saturday, Sunday, or holiday, payment may be made on the next working day. (Social Security System)

Can I use screenshots instead of the PDF disclosure statement?

A screenshot may help as backup, but a downloaded PDF or printed copy is better because it is clearer and more complete. For employer payroll purposes, ask whether they require the actual disclosure statement or if an updated Statement of Loan Account is acceptable.

Key Takeaways

The SSS Loan Disclosure Statement is usually generated by SSS during the salary loan application; the member normally saves it rather than submitting it back to SSS.
If an employer asks for “SSS disclosure requirements,” they usually need your disclosure statement or updated loan account to process payroll deductions.
Employers submit the actual SSS loan remittance requirements through My.SSS, especially the Loan Collection List (LCL/ML2) and PRN loan payment.
Under RA 3765, borrowers should receive clear written disclosure of the cost of credit before the transaction is completed.
Under RA 11199, employers have strict obligations to remit deducted SSS contributions and loan amortizations.
Always save your disclosure statement, loan account records, payslips, PRNs, and email confirmations.
Do not post your SSS number, loan statement, or disclosure statement publicly because these contain personal financial information.