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GSIS hikes credit limit, extends payment terms for new consoloan program
GSIS hikes credit limit, extends payment terms for new consoloan program

Date Posted: June 19, 2015

Active members of state pension fund Government Service Insurance System (GSIS) will enjoy a higher credit limit and longer repayment terms beginning this July 1 under an improved consolidated loan program.

Dubbed the Enhanced Conso-Loan Plus Program, members who have paid premium contributions for at least 15 years may borrow a 12-month salary loan while those with at least 25 years of paid premiums will be eligible for a 14-month loan. Previously, the credit limit for these members was only 10 times their salary.

GSIS will also extend the maximum payment term from six to 10 years for members with at least 10 years of paid contributions.

To standardize payment schemes and due dates, the first amortization due date for loans granted on or before the 23rd of the month is on the 10th of the following month from the date the loan was granted.

For loans granted after the 23rd day of the month, the first due date is on the 10th day of the second month after the grant of the loan.

Qualified for the program are active GSIS members (permanent and nonpermanent) who have no pending administrative or criminal case, are not on leave of absence without pay, and with a net take-home pay of Php3,000 mandated under the General Appropriations Act.

Special members such as prosecutors and members of the judiciary and constitutional commissions are also qualified to avail of the loan equivalent to 10 times their basic salary.

Interested members may initially apply through the GSIS Wireless Automated System (GWAPS) kiosks located in all 57 GSIS branch and extension offices, including the Head Office in Pasay City.

The rest of the GWAPS kiosks located in provincial capitols, city halls, selected municipal offices, and large government agencies such as the Department of Education, and selected Robinsons Malls will be updated from June 29 to July 11 to incorporate the new features of the consoloan plus program.

Upon confirmation of the agencies’ authorized officers, the loan proceeds are electronically credited to members’ GSIS e-Card or unified multipurpose identification (UMID) card.

For more details on the Enhanced Conso-loan Plus, members may call the GSIS Contact Center at 847-4747 or email

FAQ on Enhanced Conso-Loan Plus Program