GSIS earmarks P272M in emergency loan for Davao de Oro members, pensioners

State pension fund Government Service Insurance System (GSIS) set aside close to P272 million in emergency loan for members and pensioners who were affected by massive flooding due to heavy rains in the province of Davao de Oro in April. GSIS is accepting applications until July 5. Expected to benefit from the loan are 12,325 active members and 1,257 old-age and disability pensioners. Active members must be working or residing in the calamity-declared area. To qualify for the program, they must not be on leave of absence without pay, have no pending administrative case or criminal charge, have at least...

GSIS to offer loan of up to P5M on April 23

The Government Service Insurance System (GSIS) will open on April 23 the Multi-purpose Loan (MPL) Plus program that offers a credit limit of P5 million. It also extended the maximum payment term to 10 years and relaxed the borrowers’ eligibility requirements. “We enhanced the MPL program based on the feedback from members in the previous MPL so we can offer a loan program that will best suit their needs. Sa MPL Plus, umaasa ang GSIS na mas marami pa tayong miyembrong matutulungan,” President and General Manager (PGM) Rolando Ledesma Macasaet said. Under MPL Plus, the credit limit has been raised...

GSIS loan collection via Bayad centers reaches over P76.7M

The Government Service Insurance System (GSIS) has collected over Php76.7 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...