Here’s the GSIS Multi-Purpose Loan Amount & Interest Rates
GSIS MULTI-PURPOSE LOAN AMOUNT 2025 – You can check here the details about the borrowing amounts allowed under the Government Service Insurance System’s loan offer.
Millions of Filipinos are members of the Government Service Insurance System or more popularly called GSIS. It is a social insurance giant that provides a lot of benefits and loans for its members.
Employees of the government are mandated to maintain an active membership to the Government Service Insurance System. It is done through regularly posting monthly premiums to the social insurance giant.
Aside from the GSIS benefits for members, the social insurance giant also offers loans and one of them is the GSIS Multi-Purpose Loan or MPL. It is a multi-purpose loan offer that can consolidate the existing loans of a member-borrower and provide cash.
Here are the loans that can be consolidated under the Multi-Purpose Loan offer of the Government Service Insurance System:
- Salary Loan (SL)
- Restructured Salary Loan (RSL)
- Enhanced Salary Loan (ESL)
- Emergency Loan Assistance (ELA)
- Summer One-Month Salary Loan (SOS)
- Conso-Loan Plus / Enhanced Conso-Loan Plus
- Member’s Cash Advance / eCard Cash Advance / eCard Plus Cash Advance
- Home Emergency Loan Program (HELP)
- Educational Assistance Loan I and II (EAL I / II)
- Fly PAL, Pay Later (FPPL)
- Study Now, Pay Later (SNPL)
- Stock Purchase Loan (SPL)
With regards to the GSIS Multi-Purpose Loan amount allowed for borrowing, it can be up to 14x of the basic monthly salary of the member-borrower. “The consolidation of the loans shall result in the full liquidation of the outstanding balances” of the member’s existing loans.
The maximum loanable amount under the GSIS Multi-Purpose Loan offer “shall depend on the members’ Period with Paid Premiums (PPP) and computed Basic Monthly Salary (BMS)”. According to the social insurance giant, the member-borrower can pick the amount of the loan and the corresponding term based on his/her PPP.
To apply for the loan offer, it is important to check on the qualifications and the requirements for the GSIS Multi-Purpose Loan application.