Pension Loan

Home Ginhawa for All Pension Loan

Enhanced pension loan is offered to qualified old-age GSIS pensioners who are currently receiving pension for at least a month and with no outstanding service loans being amortized under the Choice of Loan Amortization Schedule for Pensioners (CLASP) and/or the GSIS Program of Restructuring and Repayment of Debts (PRRD) at the time of filing.

Loanable Amount:

The loan amount that may be availed is up to six months times his /her Basic Monthly Pension (BMP) but not more than P 500,000.00. The resulting net monthly pension after pension loan availment and Pensioners Emergency Loan (if any) must be at least 25% of the BMP. If the pensioner fails to satisfy the 25% resulting net monthly pension after deducting the loan amortization/s, the gross amount will be recalculated to a lower amount.

Qualified Borrowers: Regular Old-Age Pensioners who are:

  1. Currently receiving pension for at least a month; and,
  2. Have no outstanding service loans being amortized under the Choice of Loan Amortization Schedule for Pensioners (CLASP) and/or the GSIS Program of Restructuring and Repayment of Debts (PRRD) at the time of filing.

Payment Terms: 24 months with an interest rate of 10% per annum

Requirements for Application

  1. a completed application form; and
  2. pensioner’s UMID Card, or any 2 government-issued identification card bearing the photograph and signature of the pensioner
Steps on Filing

  1. Filing of Pension Loan Application through the GSIS Kiosk:
    Step 1: Find the nearest GWAPS Kiosk and apply for a pension loan through the GSIS Kiosk.
    Step 2: Check GWAPS for the following:

    • If the pensioner is eligible for a pension loan, the GW@PS system will automatically process the loan and a tentative computation will be shown in the screen.
    • If the pensioner approves the computation, he/she will affix his/her confirmation biometrically.
    • If the Kiosk will be unable to read the pensioner’s biometrics, he/she shall be advised by a GSIS personnel to make an over the counter (OTC) transaction.
    • If the pensioner does not approve the computation, he/she shall end the transaction by simply cancelling the application.
  2. Filing of Pension Loan Application through over-the-counter (OTC) facility
    Step 1: Prepare all the requirements
    Step 2: Submit the requirements to your GSIS servicing branch
  3. Filing of Enhanced Pension Loan Online
    Step 1: download and fill out an application form from the GSIS website
    Step 2: Submit the duly filled up form and all requirements electronically to an email address designated by GSIS for a particular area.
  4. Filing of Enhanced Pension Loan through eGSISmo
    Step 1: Enrol in eGSISmo
    Step 1: Download and fill out an application form from the GSIS website
    Step 2: Upload all the requirements

If you have questions regarding our services or if you wish to give feedback regarding the site, you may contact us through the following:
New Email Address:
gsiscares@gsis.gov.ph

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