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Manila Bulletin devider Business devider Banking & Finance devider GSIS offers bike, e-mobility loans to cut transport costs

GSIS offers bike, e-mobility loans to cut transport costs

Published May 4, 2026 09:04 am
E-bikes, e-trikes, and tricycles are seen passing by along Recto Avenue in Manila on Saturday, April 13. (MB file photo)
E-bikes, e-trikes, and tricycles are seen passing by along Recto Avenue in Manila on Saturday, April 13. (MB file photo)

State-run pension fund Government Service Insurance System (GSIS) has launched a new loan facility to help members reduce daily transportation costs by financing bicycles and electric mobility devices.

In a statement on Monday, May 4, GSIS said it rolled out the Ginhawa Bike and E-Mobility Loan (GBEL), which offers affordable and accessible financing options for government employees seeking alternatives to traditional commuting.

The new loan program forms part of President Ferdinand R. Marcos Jr.’s broader push for more livable communities, aligned with the Unified Package for Livelihood, Industry, Food, and Transport (UPLIFT), which aims to make daily life more affordable and accessible amid a state of national energy emergency caused by global oil price and supply shocks amid the prolonged war in the Middle East.

Under GBEL, qualified members may borrow up to 100 percent of the cost of a unit, subject to a maximum of ₱300,000, payable over 36 months. The loan carries an interest rate of five percent per annum, with no service fee charged upon granting.

The facility covers brand-new bicycles and a range of electric mobility devices, including e-bikes, e-scooters, e-mopeds, cargo e-bikes, folding e-bikes, and similar electric-powered transport units.

GSIS President and General Manager Wick Veloso said the program is intended to provide immediate and practical support to members amid rising transport costs.

“This program will give our members a practical option to manage their daily transportation expenses. We want our members to be able to move through their communities without that financial weight,” Veloso said.

Applications for the loan are processed online through the GSIS Touch mobile application.

GBEL expands GSIS’ earlier efforts to ease members’ living costs, following the introduction of the Ginhawa Solar Energy Loan (GSEL), which was designed to help reduce household electricity expenses.

Related Tags

Government Service Insurance System (GSIS) Wick Veloso Ginhawa Solar Energy Loan (GSEL) Ginhawa Bike and E-Mobility Loan (GBEL)
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