The Government Service Insurance System (GSIS) has extended the application deadline for its computer loan program until Dec. 31, 2021.
“The GSIS Computer Loan is intended to assist government employees in purchasing a computer unit for their online work or even for the virtual classes of their children,” GSIS President and General Manager Rolando Ledesma Macasaet said Tuesday, May 11.
Under the program, GSIS members may borrow P30,000 payable in three years at an interest of 6 percent annually.
“The loan is very member-friendly as it has a monthly amortization of only P983.33. And the application may be done online,” Macasaet added.
Qualified to apply for the computer loan are active members who have not paid at least three months of premiums, gave permanent appointment, are not on leave of absence without pay, have no pending administrative or criminal case, have no arrears under the GSIS Financial Assistance Loan, have no past due GSIS loan except housing loan, and are not under suspended agencies.
In addition, members should have a net take-home pay of not lower than the amount required by the General Appropriations Act after all monthly obligations have been deducted.
Applications may be filed via eGSISMO, emailed to the handling branch, via drop boxes in GSIS offices, or through GSIS Wireless Automated Processing System (GWAPS) kiosks located in GSIS branches, Department of Education offices, provincial capitols, city halls, Robinson malls, and selected SM supermalls.
Since its launch in November 2020, a total of 109,000 government workers have so far availed of the loan.