One-Time Condonation Program for Outstanding SNPL and FPPL Accounts

Date published: Mar 13,2014March 13, 2014

What are the Study Now, Pay Later (SNPL) and Fly PAL, Pay Later (FPPL) programs of the GSIS? SNPL is an educational assistance program implemented by the Government Service Insurance System, together with the Social Security System, the Philippine National Bank, the Development Bank of the Philippines, and the Land Bank of the Philippines, in compliance with Presidential Decree (PD) No. 932 dated 13 May 1976 (Educational Assistance Act of 1976). The program later evolved into the Educational Assistance Loan (EAL), which was approved under Republic Act (RA) 6728 in 1988 and amended by RA 8545 in 1998.A similar credit...

Frequently Asked Questions on the Home Emergency Loan Program (HELP)

Date published: Jan 30,2014January 30, 2014

What is HELP? The Home Emergency Loan Program (HELP) is a special loan program of the Government Service Insurance System (GSIS) that seeks to enable GSIS members to rebuild their homes and resume productive livelihood and employment activities in communities hard-hit by typhoon Yolanda. HELP is available to all GSIS active members who are working and/or residing in the worst- hit calamity areas which were identified in the grant of emergency loans to Yolanda victims. How much is the loan amount in HELP? The maximum loan amount in HELP is based on the member’s total length of service (TLS).The maximum...

GSIS’s Six-Month Interest-Free Loan Moratorium for Members and Pensioners Severely Affected by Typhoon Yolanda

Date published: Jan 22,2014January 22, 2014

What is the loan moratorium program that the Government Service Insurance System (GSIS) has recently implemented? The latest GSIS loan moratorium is an automatic deferment of loan payment, without interest and penalties, that the GSIS has granted to its members and pensioners in areas that were hit hardest by supertyphoon Yolanda. (Here is the list of affected areas). The GSIS Board of Trustees approved the moratorium program under Resolution No. 129 on November 28, 2013 to enable GSIS members and pensioners to use the fund in recovering and rebuilding their lives. What period is covered by the moratorium? It covers...