GSIS grants Php65B in multi-purpose loans

Date published: Jul 01,2021July 28, 2021

Date Posted: 1 July 2021 The Government Service Insurance System (GSIS) announced that it has granted a total of Php65 billion in multi-purpose loans to its 250,783 members since it opened the program last 1 October 2020. Dubbed the GSIS Multi-Purpose Loan (MPL), the loan facility consolidates all service loans and waives surcharges on all in-default loan accounts. “We encourage our other members, especially those who have reached their borrowing limit and have been unable to pay their GSIS loans, to avail of GSIS MPL’s affordable payment terms,” GSIS President and General Manager Rolando Ledesma Macasaet said. Qualified member-borrowers may...

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

Date published: Oct 01,2020October 1, 2020

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...