MANILA - The Government Service Insurance System (GSIS) will open on April 23 the Multi-Purpose Loan (MPL) Plus program that offers a credit limit of PHP5 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 in a statement on Monday. Under MPL Plus, the credit limit has been raised to PHP5 million from PHP3 million. The actual amount will depend on the borrowers' paid premiums and monthly salary. The uniform interest rate of 7 percent computed in advance will be applied to all borrowers. In the previous MPL, members with less than three years of paid premiums were charged 8 percent interest, while those with at least t
Pag-IBIG Fund makes cash loans more affordable with longer payment period
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Pag-IBIG Fund makes cash loans more affordable with longer payment period
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P65B in multi-purpose loans granted by GSIS
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GSIS accredited Bayad Centers accept loan payments
24 May 2021, 20:38 GMT+10
NEGROS OCCIDENTAL, May 24 (PIA) -The Government Service Insurance System (GSIS) is now accepting loan payments from its member-borrowers through accredited Bayad Centers across the country. Hangad namin na bigyan ng maginhawa, secure, at accessible channels ang aming borrowers sa pagbabayad ng kanilang loans. They may now pay their loans at the Bayad Centers nearest their home and need not go to the GSIS office, GSIS President and General Manager Rolando Ledesma Macasaet said.
Bayad now accepts payments for GSIS loans in advance; that are underpaid, delayed or unpaid; and are already in default (unpaid for more than six months). The said channel is in addition to agency remittance and over-the-counter payment in any GSIS branch office.