Check on the GSIS MPL Flex Offer for its Qualified Members
GSIS MPL FLEX 2024 – The Government Service Insurance System provides members with access to additional funds through Multi-Purpose Loan Flex.
Are you one of the members of the Government Service Insurance System? More popularly called GSIS, it is a state-run social insurance entity that can be your turn to in times of financial needs. Countless Filipinos who are GSIS members have made use of their membership during financial constraints.
The Government Service Insurance System is in the service of the Filipino people for decades now. Through the years, it has continuously upgraded its offers to make sure they provide financial options to the members in different situations.
Aside from the GSIS Multi-Purpose Loan offer, the Government Service Insurance System also offers a GSIS Multipurpose Loan Flex now or the GSIS MPL Flex. It is packed with the best features including the high loanable amounts and low interest rate.
Under the GSIS MPL Flex, the member-borrower may avail up to 14x of his/her basic monthly salary. This loan offer also consolidates the existing loans of the member-borrower and the eligible loans are as follows:
- 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)
The loanable amounts and the loan term under the GSIS MPL Flex depend on the Paid Premium Contribution. Here’s a guide:
| Paid Premium Contribution | Maximum Loan Amount | FLEXible Payment Term |
| At least 1 month buth less than 20 mos. | 1x Basic Month Basic Salary | 1 year up to 3 Years |
| At least 20 mos. but less than 3 years | 3x Basic Monthly Salary | 1 year up to 6 Years |
| At least 3 years but less than 5 years | 4x Basic Monthly Salary | |
| At least 5 years but less than 10 years | 7x Basic Monthly Salary | |
| At least 10 years but less than 15 years | 10x Basic Monthly Salary | 1 year up to 15 Years |
| At least 15 years or over | 14x Basic Monthly Salary |
The GSIS Housing Loan is not allowed to be consolidated under the GSIS MPL Flex offer but, for first-time availees, the social insurance entity has a one-time waiver on the outstanding surcharges on due and demandable GSIS loan accounts.
With regards to the interest rate under the Multi-Purpose Loan Flex offer of the GSIS, the interest rate is at 6%. Members who have at least one (1) monthly contribution posted may apply for the loan offer.
Do you want to check the loan offer further? It is best to see the GSIS MPL Flex requirements and qualifications for application.