Gsis loan updating

02-Jan-2021 06:01

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In the Philippines, the employees of the government and public sectors are insured under the Government Service Insurance System or more commonly called GSIS.The GSIS is quite equivalent to the Social Security System (SSS) membership of the employees of private sectors and companies.If the total outstanding loan balance of the member is greater than P500,000.00, choose what he / she wants to pay under the GFAL.The GFAL loan proceeds will be paid by the GSIS to the Dep Ed accredited lending institutions, and the check will be released only to the authorized representative of the private lender.You may keep coming back for more informative guides.

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Up to Php500,000 may be availed by qualified members, provided their take-home pay will not go lower than Php5,000 after their monthly obligations have been deducted.

That is another benefit of the loan aside from its installment form.