Check Here the GSIS MPL Lite Requirements 2024 for Application
GSIS MPL LITE REQUIREMENTS 2024 – Here are the qualifications and the documents you must comply with to apply for the loan offer.
A huge part of the Filipino populace is composed of Filipinos who are members of the Government Service Insurance System or more popularly called GSIS. It is mainly because many Filipinos are working in the government and they are mandated to have an updated GSIS membership.
A GSIS membership may widen the options of the members most especially in terms of financial products for emergency situations. There are several loans that members of the GSIS may apply for and the list keeps on growing.
Aside from the GSIS loans, there are also several benefit offers that attend to different situations like separation from work, pregnancy, and even death. Meanwhile, one of the newest offers of the social insurance giant is the GSIS Multi-Purpose Loan Lite or the GSIS MPL Lite.
The GSIS Multi-Purpose Loan Lite (MPL Lite) is a new addition to the multi-purpose cash loan offers of the state-run social insurance entity. Under the loan offer, a member-borrower may get up to Php 50,000.
The GSIS MPL Lite is made available to provide for the “needs of active members with sufficient Net Take Home Pay (NTHP)”. Here are the qualifications under the loan offer:
- has posted at least one (1) month premium contributions for both Personal Share and Government Share at the time of application
- active member under permanent and non-permanent status, including Special Members tagged as such in their respective Member’s Service Profiles (MSPs) whose
- the agency status is not “Suspended”
- not on leave of absence without pay at the time of application
- agency has a MOA with GSIS
- has no GFAL account in default except housing loan
- has no pending administrative case and/or criminal case; Provided however, that if the pending administrative case or charge is for a light offense, the borrower shall remain eligible
- the resulting net take-home pay after GSIS loan availment is not lower than the amount required under the General Appropriations Act, after all required monthly obligations have been deducted
To apply for the loan offer, you may do so through the GSIS Touch mobile app. You might also like to compare the differences between the GSIS MPL Flex and the MPL Lite.