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GSIS resumes GFAL, Top-Up loan application via online, dropbox
GSIS resumes GFAL, Top-Up loan application via online, dropbox
Date Posted: August 25, 2020

State pension fund Government Service Insurance System (GSIS) has resumed transactions under the GSIS Financial Assistance Loan (GFAL) and now accepts application through email or drop box.

“Since the safety of our members and employees is our priority and our members need financial assistance now more than ever, we are resuming the very popular GFAL transactions through contactless methods. Members who wish to apply for GFAL may opt to email their application and documentary requirements or put them in drop boxes located in the lobbies of GSIS offices,” GSIS President and General Manager Rolando Ledesma Macasaet said.

GFAL is the pension fund’s response to the call of President Duterte to save teachers and other government employees from the bondage of debt.Under GFAL, GSIS will pay the outstanding balance of qualified members of up to Php500,000 to the lender. Members, in turn, will pay the balance to GSIS at a lower monthly amortization and interest rate of 6% per annum for a longer payment term of six years.

“If the member’s loan with the lending institution is less than Php500,000, he or she may borrow the remaining amount as Top Up Loan and the proceeds will be directly paid to him through check which we can deposit to his UMID or eCard account upon request. If they want to personally pick up their checks, it will be on an appointment basis to control the number of clients in the office at a given time to avoid the spread of the virus,” Macasaet said.

Due to COVID-19, the application and processing for GFAL was temporarily suspended last March 14.

“To make up for the suspension, we have extended the application period until December 31, 2020. The temporary suspension of the loan enabled us put in place safety protocols to protect our members who are interested to apply for the loan,” Macasaet said.

“Since social distancing does not permit conduct of training programs, we have developed online programs for the required attendance to GFAL’s financial literacy seminar. Borrowers may opt to choose any one of the following: watch a video explainer in our website or attend the live nationwide virtual seminar that GSIS will be hosting via Zoom or Webex,” Macasaet said.

Applicants may also attend a virtual loan counselling and email their signed tentative computation as their availment confirmation.

GSIS has also reduced the previous three-month payslip requirement to only one month from date of application.

Macasaet added that members may qualify for GFAL if they are permanent government employees with outstanding loan from lending institutions, government banks, cooperatives, or other instrumentalities accredited or recognized by their agency; have paid GSIS premiums for at least three years; and have no due and demandable GSIS loan. They must also be not on leave of absence without pay; have a net take-home pay of not lower than Php5,000 after deduction of monthly obligations; and have no pending administrative case or criminal charge. A borrower with pending case is still eligible to apply for GFAL if the case was filed by a lending institution due to nonpayment as a result of the prioritization of GSIS payments.

For more information on the resumption of GFAL, interested parties may visit the GSIS website,, or official Facebook account,; email; or call the GSIS Contact Center at 8847-4747 (if in Metro Manila) or 1-800-8-847-4747 (for Globe and TM subscribers) or 1-800-10-847-4747 (for Smart, Sun, and Talk ‘N Text subscribers).