Policy Loan

Home Ginhawa for All Policy Loan

It is a loan facility that you may apply for from your GSIS life insurance policy, which is either Life Endowment Policy (LEP) or Enhance Life Policy (ELP)

Loanable Amount: The gross loanable amount depends on the type of your policy – ELP offers 90% of the accumulated termination value of your policy, while LEP offers 50% of the accumulated cash surrender value of this policy.

Qualified Borrowers:

  • Insured for at least 1 year
  • In the active service with an active insurance policy;
  • Holders of activated GSIS eCARDs; and
  • Without pending administrative or criminal case.

Payment Term: You may opt for a fixed monthly payment or have your loan balance deducted upon renewal, maturity, or termination of your policy. The loan, bearing an 8% interest rate.

Requirements for Application

*Application Form for Policy Loan (Regular, Optional)

Step by Step Procedure on How to apply

  1. Via GWAPS Kiosk
    1. Place your UMID-compliant eCard on the kiosk card reader.
    2. Place your finger on the biometric reader to confirm your identity.
    3. Select the transaction of your choice (Policy Loan)
    4. Confirm the loan by placing your finger in the biometrics scanner
    5. When done with the transaction, press “Logout.”
  2. Via eGSISMo
    1. Login to your eGSISMO account (BP number and PW)
    2. Click Loans Application icon and choose (Regular or Optional) Policy Loan, Loan Type (New or Renewal) and Payment Scheme (Monthly payments or payment upon maturity or termination of policy)
    3. Upload a Picture of Member holding UMID / Temporary CARD or 2 Valid Government IDs if UMID / Temporary CARD is lost (as JPEG or PDF File)
    4. Confirm Loan Agreement and click SAVE
    5. Await email confirmation from GSIS for further instructions.
  3. Via Email
    1. Fill out the Policy Loan Application Form* and GSIS UMID Card
    2. Save the Application Form as JPEG or PDF File and scan the UMID Card
    3. Email the documents to your GSIS handling branch (link list here)
    4. Await email confirmation from GSIS for further instructions
  4. Via Dropbox
    1. Fill out the Policy Loan Application Form* and GSIS UMID Card
    2. Print the Application Form and photocopy your UMID Card
    3. Secure the documents in a brown envelope and properly label it with the following information:
      NAME
      TYPE OF LOAN
      GSIS HANDLING BRANCH
    4. Drop off the envelope in the GSIS Handling Branch’s DROP BOX
    5. Await email confirmation from GSIS for further instructions

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