GSIS CASH LOAN LOANABLE AMOUNT – Here is a guide on the amount that members of the Government Service Insurance System (GSIS) may borrow.
Members of the Government Service Insurance System, more popularly called GSIS, have several loan offers to turn to during both emergency and non-emergency situations. One of this loan offer is the cash loan offer the Enhanced Conso-Loan Plus.
GSIS CASH LOAN – Here’s How Much You May Borrow under this offer
Guide on GSIS Cash Loan Loanable Amount
GSIS CASH LOAN – Here is a guide on how much you may borrow under the Enhanced Conso-Loan offer of the Government Service Insurance System (GSIS).
Millions of Filipinos are members of the Government Service Insurance System or more commonly called GSIS. It is state-run social insurance agency which has most of its members working in the government.
Every month, GSIS members submit a certain amount or pay a premium to the government institution as savings. Accumulated savings can make a member qualified for the loan offer.
The GSIS cash loan offer that is multi-purpose is the Enhanced Conso-Loan Plus. Under this offer, the other loans such as the salary loan, restructured salary loan, enhanced salary loan, emergency loan assistance, and summer one-month salary loan is liquited minus the penalties and surcharges and deducted from the loan proceeds.
If you have a total of 20 months premium payments paid, you may borrow an equivalent of your 3-month loan. If the total premiums posted is 40 months, you can borrow a 4-month loan. These are both payable for up to six (6) years.
If you have continuously posted monthly contributions for at least five (5) years, you can borrow a 7-month loan that is payable for up to six (6) years. If you have 10 years of total posted premiums, you may borrow up to an equivalent of your 10 months basic monthly salary and the maximum loan term is 10 years. The same maximum loan term is allowed under the 12-month loan which requires 15 years of total posted contributions and a 14-month loan which requires 25 years of total posted premiums.
| Minimum Premium Payments Required | Maximum Loanable Amount (Basic Monthly Salary) | Payment Term |
| 20 months | 3-month loan | 6 years |
| 40 months | 4-month loan | 6 years |
| 5 years | 7-month loan | 6 years |
| 10 years | 10-month loan | 10 years |
| 15 years | 12-month loan | 10 years |
| 25 years | 14-month loan | 10 years |
To apply for this GSIS loan offer, members of the state-run social insurance agency may apply for it via GWAPS kiosk using the eCard or UMID card.
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