Pay
Amortization
Often called hulog
The fixed payment that pays a loan down, usually once a month.
Most useful for: Fresh grad, Career shifter, Government
- In real life
- An SSS salary loan is paid back in 24 equal monthly amortizations, which your employer takes from your pay and sends to SSS.
- Why it matters to you
- It stays on every payslip until the loan is paid, so knowing the months left tells you when your take-home goes back up.
An explanation to help you read your pay, not a ruling on your case. Your employer, the agency or DOLE has the final word.