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GSIS offers new easy loan for government workers

Business

GSIS offers new easy loan for government workers

By Manila Bulletin

The Government Service Insurance System (GSIS) has launched its new Multi-Purpose Loan (MPL) Lite program, designed to provide members with quick and accessible financing for unexpected expenses or temporary budget shortfalls.

In a statement, the GSIS said the MPL Lite offers loans ranging from P5,000 to P50,000 in multiples of five, with flexible repayment terms of six, 12, 18, or 24 months.

Interest rates are also competitive at 6.0 percent or 7.0 percent depending on the member's years of service.

“As we reaffirm our commitment to deliver meaningful and significant products and services to our members, the GSIS has developed this program to provide accessible and affordable financial solutions that aim to honor their contributions,” said GSIS President and General Manager Wick Veloso.

With e-crediting, hassle-free way to access funds and streamlined application process, government workers have a safe and reliable financial option at their fingertips,” he added,

The program boasts attractive features. Applications are done through the GSIS Touch mobile app, ensuring a streamlined process. Funds are credited within three days of approval, providing quick access to needed finances.

The program also includes one-time loan redemption insurance for added security. Furthermore, there are no early repayment fees or service fees for those with active MPL Flex.

Related Tags

GSIS loan Government Service Insurance System GSIS MPL Lite

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