GSIS loan collection via Bayad centers reaches over P65M

The Government Service Insurance System (GSIS) has collected over Php65 million in loan payments made through Bayad centers following the accreditation of more of its payment outlets. “Nagpagpapasalamat tayo sa tinatanggap nating suporta mula sa ating mga miyembro. Sa tulong nila, patuloy nating naaalagaan at pinalalago ang pondong ipinagkatiwala sa atin para sa kanilang benepisyo sa hinaharap,” President and General Manager Rolando Ledesma Macasaet said. GSIS’s partnership with Bayad, which started in April this year, provides members a secure and convenient alternative to paying their loans and supports the pension fund’s goal to improve its loan collection efficiency. “Initially, there...

GSIS computer loan extended until Dec 31

Date Posted: 26 April 2021 State pension fund Government Service Insurance System (GSIS) has extended the application deadline for the GSIS Computer Loan program until December 31, 2021. “The GSIS Computer Loan is intended to assist government employees in purchasing a computer unit for their online work or even for the virtual classes of their children. Under the program, GSIS members may borrow Php30,000, payable in three years at an interest of 6% per annum. The loan is very member-friendly as it has a monthly amortization of only Php 983.33. And the application may be done online,” GSIS President and...

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

Date Posted: February 1, 2021 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 of the maximum amount equivalent to six times their monthly pension. Pero dahil gusto naming mabigyan ng ginhawa ang lahat ng old-age pensioners sa gitna ng pandemyang apektado ang lahat, pwede nang makahiram ang lahat ng old-age pensioner ng maximum amount kahit 65 years old...

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 for the college education of GSIS members’ kins. “We will allow GSIS members who have at least 15 years of government service to avail of an educational loan for their kins in college. The loan has a term of ten years but we will not...