GSIS MPL Flex vs Lite — Here's A Comparison of these Cash Loan Offers

Features of GSIS MPL Flex vs. Lite Offers Members May Apply For

GSIS MPL FLEX vs. LITE – Here is a comparison of the Government Service Insurance System Multi-Purpose Loan Flex and Lite offers.

The Government Service Insurance System, more popularly called GSIS, is one of the giant social insurance institutions in the Philippines. It is serving millions of Filipino people for decades already.

Filipinos who are working in the government are mandated to maintain a membership to the Government Service Insurance System. While it may take a cut from the members’ monthly salary, a GSIS membership also widens the options of the members.

The GSIS has several benefits for members that attend to situations like separation from work, maternity, disability, and a lot more. The social insurance also has loan offers and, in fact, it keeps on growing its offers.

The Government Service Insurance System has cash loan offers. Apart from the regular Multi-Purpose Loan offer of the GSIS, it also has the GSIS MPL Flex and the GSIS MPL Lite. They are both multi-purpose loan offers but they have quite a few notable differences.

To start, the GSIS MPL Flex consolidates the existing loans of the member-borrower first except the housing loan and provides additional cash based on the difference of the borrowed amount and the existing loans. The GSIS MPL Lite is designed as a short-term cash loan for members.

Here are the salient features of the GSIS MPL Flex and the GSIS MPL Lite:

Qualifications

GSIS MPL Flex	GSIS MPL Lite
not on a leave of absence without pay at the time of application	non leave of absence without pay at the time of application
has no pending administrative case and/or criminal case	no pending administrative case and/or criminal case
agency status is not “Suspended”	agency status is not “Suspended”
resulting net take-home pay after loan availment is not lower than the amount required under the General Appropriations Act, after all required monthly obligations have been deducted	resulting net take-home pay after loan availment is not lower than the amount required under the General Appropriations Act, after all required monthly obligations have been deducted
has at least one (1) month premium contributions for both Personal Share and Government Share at the time of application	has at least one (1) month premium contributions for both Personal Share and Government Share at the time of application
no GFAL account in default	no GFAL account in default except housing loan