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Emergency Loan

Image source:GSIS Official Website

Just like how SSS, and Pag-Ibig (government agency) offer different loan products, GSIS or Government Service Insurance System also provides various loans to assist its active members with their financial needs.

What is GSIS

GSIS Loan, Loan, Government Loan

Photo Source: Business Mirror

The Government Service Insurance System is a government-owned and controlled corporation of the Philippines. GSIS is a social insurance institution that provides a defined benefit scheme under the law.

Resource:GSIS Official Website

What is the role of GSIS

GSIS orGovernment Service Insurance System assists active members in times of emergency or needs. The GSIS allows you to apply for a loan in exchange for your consistent monthly contributions.

Different Types of GSIS Loan

loan, GSIS Loan

Consolidated Loan

Consolidated Loan consists of Salary Loan, Restructured Salary Loan, Enhanced Salary Loan, Emergency Loan, and Summer One-Month Salary Loan.

Policy Loan

The Policy loan can be availed from the member’s GSIS life insurance policy. Policy loan has 8% interest rate and can be settled either through monthly amortization or through deduction from his / her existing life insurance policy contract.

Emergency Loan

Emergency Loan is the most common and popular loan with GSIS. This is the type of loan where members can avail if they are affected by natural calamities.

Other Types of Loan

1.Educational Loan

The borrower can apply up to 100% of School fees such as tuition fees, miscellaneous fees, etc. The maximum loan amount will be Php 100,000 for a whole academic or school year.

2.Pension Loan

This type of loan is dedicated for old-age GSIS members with no outstanding balance or any unpaid loan with GSIS. The maximum loanable amount for ages 60-65 years old is Php 100,000.

Who Are Eligible for GSIS Loan?

Regular and active members of GSIS are eligible to avail a loan. Members should at least contribute for 20 months to be qualified for the loan. Note that only government workers are entitled to apply for GSIS loan programs.

How to Apply for a GSIS Loan?

Applying for a loan is way better if you apply online. Here’s the simple guide for you:

  1. Download the form from GSIS downloadable forms
  2. Fill out the form and prepare the following in PDF or JPG:

   2.a Dully accomplished form

   2.b Clear picture of the borrower holding his GSIS UMID eCard (or temporary card)

   2.c If GSIS UMID card is not available, present 2 valid IDs and do the following:

  • Take a clear photo of the 2 valid IDs both front and back
  • Take a photo of the borrower holding the 2 valid IDs
For more information about the online application, visitGSIS Website

What Are the Requirements?

Final Thoughts in Applying for GSIS Loan

GSIS Loan, Loan

Applying for a GSIS loan is one of your privileges as a long-time contributor and member. Remember to weigh your decisions in applying for a loan and know the purpose of your application.

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