Good News!
The Government Service Insurance System now offers short-term micro-loan to its members for as low as ₱1,000.00 to up to ₱50,000.00.
The said short-term micro-loans is available to government employees through Ginhawa Go, a unified loan program providing flexible access to immediate and short-term financial assistance.
It supports government employees in addressing temporary cash requirements while promoting responsible borrowing.
Key Features of Ginhawa Go:
Loanable Amount and Payment Terms
According to GSIS, members may avail of loan amounts of ₱1,000, ₱2,000, ₱3,000, or ₱4,000 repayable within 30, 60, or 90 days.
For higher loan requirements, members may borrow ₱5,000 up to ₱50,000, with repayment periods of three, six, 12, 18, or 24 months.
Qualified Borrowers
The program is open to GSIS members with at least one month of paid premium contributions, subject to existing GSIS policies and standard eligibility assessments.
Interest Rates and Service Fee
Interest rates range from 6% to 7% per annum, as follows:
- For members with at least 3 years of PPP: 6% per annum, computed in advance.
- For members with less than 3 years of PPP: 7% per annum, computed in advance.
- Special members benefit from a 7% interest rate, computed in advance.
- A service fee of 1% is applied.
Application and Renewal
Interested members may apply via the GSIS Touch mobile application.
Members can conveniently apply and manage their loans digitally through the GSIS Touch mobile application.
Loan Redemption Insurance (LRI) is fully deducted in advance to safeguard the interests of both the member-borrower and the GSIS in case of the former’s untimely death during the loan term.
Renewal of loan may also be done through the GSIS Touch mobile application.
Learn more
Visit this article of the GSIS if you’re interested to this loan program.
