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GSIS loan releases hit P208-billion


Published June 4, 2021, 2:11 PM
State-run Government Service Insurance System (GSIS) said the pension fund has granted over P200 billion in loans, benefiting over one million state workers and pensioners.
In a statement, Rolando Ledesma Macasaet, GSIS president and general manager said on Friday, June 4, that the fund has released P208 billion in net loans since 2019 through their various loan products.
“GSIS has provided assistance to countless lives at a time when they needed our help the most,” Macasaet said.
According to Macasaet, more than P108 billion was disbursed to nearly 292,000 members under the GSIS Financial Assistance Loan (GFAL) and over P16 billion to 256,537 individuals who availed of the Multipurpose Loan (MPL). ....

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GSIS increases pension loan limit to P500,000, removes age cap


SunStar
+
February 01, 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 o higit pa sila. Itinaas na rin namin ang credit limit mula sa P100,000 hanggang P500,000 sa ilalim ng Enhanced Pension Loan, GSIS president and general manager Rolando Ledesma Macasaet said. ....

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