GSIS offers low-interest loan with waiver on surcharges of other loans; phases out conso-loan

List of kiosks with MPL Date Posted: September 30, 2020 The Government Service Insurance System (GSIS) will launch on October 1 a loan facility that offers low interest, enhanced loan consolidation feature, longer payment term and one-time waiver of surcharges on all due and demandable GSIS loan accounts of its members, except housing and policy loan. Dubbed GSIS Multipurpose Loan (GSIS MPL), the new loan program gives borrowers an additional credit line that will help them consolidate and pay their outstanding GSIS loan balances. With the implementation of GSIS MPL, the Enhanced Conso-loan Plus will be phased out. All members...

GSIS extends COVID-19 loan moratorium to June

Date Posted: June 26, 2020 Government Service Insurance System (GSIS) President and General Manager Rolando Ledesma Macasaet announced today that the state pension fund has extended its COVID-19 loan moratorium program for members, pensioners and other borrowers by another month or until June 2020, making it a four-month moratorium. “The extension will provide relief to many government employees and pensioners whose families are having financial difficulties because of the COVID-19 crisis. We earlier implemented a three-month moratorium from March to May 2020 However, with the continuing crisis and quarantine measures, we made it a four-month moratorium to tide over our...

GSIS to grant financial aid to 11 gov’t LIGTAS COVID centers

Date Posted: June 19, 2020 State pension fund Government Service Insurance System (GSIS) President and General Manager Rolando Ledesma Macasaet today announced that GSIS will provide financial assistance amounting to Php700,000 each to 11 government Local Isolation and General Treatment Areas for COVID-19 cases (LIGTAS COVID) centers. The 11 LIGTAS COVID centers were identified based on Executive Order 112 (dated 30 April 2020), which imposed Enhanced Community Quarantine in high-risk geographic areas namely, National Capital Region, Region III or Central Luzon (except Aurora), Region IV-A or CALABARZON, Pangasinan, Benguet, Iloilo, Cebu, Bacolod City, Davao City, Albay, and Zamboanga City. A...