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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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