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...

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...

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 are still in Enhanced Community Quarantine (ECQ), GSIS was able to disburse Php3.48 billion in various loans (Conso-Loan, Policy Loan and Pension Loan) to a total of 25,198 GSIS members and pensioners nationwide between the period March 27 and April 30. In addition to these...