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loan  // Posts tagged as "loan"

GSIS increases pension loan limit to 500K, removes age cap

Date Posted: February 1, 2020 State pension fund Government Service Insurance System (GSIS) enhanced its pension loan program by increasing the maximum loanable amount to six times the monthly pension, up to a maximum loan of P500,000, regardless of the pensioner’s age. “Previously, only old-age pensioners who are 64 years old and below may avail […]


GSIS opens Php20B study-now, pay-later loan program for members’ kins

Date Posted: October 26, 2020 In response to the call of President Duterte for credit support to education in light of the economic effects of the pandemic, state pension fund Government Service Insurance System (GSIS) President and General Manager Rolando Ledesma Macasaet announced that GSIS is opening today a Php20 billion study-now, pay-later loan program […]


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 […]


GSIS to offer Php100K tuition loan for members

Date Posted: August 13, 2020 Watch out for the GSIS educational loan. Members may avail of a maximum of Php100,000 per school year for the tuition and other expenses of their nominated dependent.


GSIS grants Php4.14B in loan assistance to gov’t workers, pensioners nationwide

Date Posted: May 11, 2020 As of April 30, the Government Service Insurance System (GSIS) has released a total of Php4.1 billion in loans to some 60,000 government workers and pensioners nationwide. This was reported today by Rolando Ledesma Macasaet, President and General Manager of the state pension fund. While most parts of the country […]


GSIS earmarks PhP2.4B in emergency loan for Taal-hit members, pensioners in Batangas, Cavite

Date Posted: January 24, 2020 State pension fund Government Service Insurance System (GSIS) has set aside almost Php2.4 billion in emergency loan for its active members and pensioners working or residing in Batangas and Cavite provinces who were affected by the Taal Volcano eruption. “Our offices in Pasay and Batangas City will be open even […]


23 Dec Advisory | Comments

Advisory to All Department of Education (DepEd) Personnel

All Department of Education (DepEd) personnel may apply for the GSIS Financial Assistance Loan (GFAL) until July 26, 2020. The extension from the previously announced deadline (December 2019) will enable more DepEd personnel to take advantage of the GFAL’s low amortization and longer payment terms. The deadline for GFAL application for other GSIS members is […]


GSIS released PhP13B loan to 36K DepEd personnel

Date Posted: January 17, 2019 State pension fund Government Service Insurance System (GSIS) has released a total of PhP12.95 billion in GSIS Financial Assistance Loan (GFAL) since the program started in May 2018, benefiting 36,692 personnel of the Department of Education (DepEd). “The combined nationwide figures posted in GFAL’s first six months of implementation signify […]


GSIS extends housing condonation program until Dec 2019

Date Posted: December 22, 2018 State pension fund Government Service Insurance System (GSIS) has extended its housing account condonation program until December 31, 2019, to give prospective applicants more time to pay off their housing accounts. “We fully understand the predicament of our housing buyers and borrowers who are struggling to keep their homes, so […]


GSIS heeds members’ appeal for more time to settle loans; rewards members with good credit standing

Date Posted: September 28, 2018 Heeding the appeal of the Department of Education (DepEd), the Government Service Insurance System (GSIS) extends the deadline for all GSIS members to settle past due loan accounts to one more month or until October 31, 2018. “We extended the deadline to give more time for DepEd employees as well […]