Government Service Insurance System (GSIS) members and pensioners affected by the recent African Swine Fever (AFS) in Oriental Mindoro can now avail of an emergency loan. In a statement on Friday, March 8, GSIS said that the pension fund opened its emergency loan window valued at P428 million,...
For those with overdue Social Security System (SSS) loans, now is the time to settle them and clear their financial obligations. On Wednesday, March 6, the SSS said there is an ongoing loan condonation program aimed at waiving penalties accrued by borrowers with outstanding salary, calamity,...
President Marcos has urged the Pag-IBIG Fund to make its home mortgage more accessible to Filipinos. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "I urge the Pag-IBIG Fund to make its home mortgage financing even more accessible and to balance this with sustainability," Marcos said in...
Due to the recent flooding in Agusan del Sur, the state-run Government Service Insurance System (GSIS) has allotted nearly half a billion pesos for the province’s emergency loan which may be availed by active members affected by the calamity. The P499 million worth of assistance was opened due to...
The Home Development Mutual Fund, or the Pag-IBIG Fund, has recorded P126.04 billion in home loans in 2023, the loans were reported to have financed a total of 96,848 housing units for its members. Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar said the...
Filipinos looking to take out loans for major expenses can find some relief, as the Department of Finance (DOF) expects that interest rates are likely to remain steady or even decrease in the latter half of the year. On the sidelines of the Bureau of Internal Revenue’s National Tax Campaign...
The Government Service Insurance System (GSIS) has announced its readiness to provide emergency loans to its members and pensioners in Mindanao who have been affected by heavy rainfall, leading to flash floods and landslides. In a statement, Wick Veloso, GSIS president and general manager, said...
Members of the Home Development Mutual Fund (HDMF), or Pag-IBIG, can avail of higher cash loans when it starts to implement the increase in the mandatory monthly savings of the employee next month. Housing czar Secretary Jose Rizalino Acuzar, who also chairs the 11-member Pag-IBIG Fund Board...
The gross non-performing loans (NPL) ratio of Philippine banks dropped to 3.41 percent in November 2023 after rising to 3.44 percent in the previous month. Bangko Sentral ng Pilipinas (BSP) data show, though that the latest NPL ratio is higher compared to the 3.35 percent registered in the...
The Government Service Insurance System (GSIS) has urged its members to take advantage of its improved lending program designed for state workers. In a statement, GSIS President and General Manager Wick Veloso said over 258,000 government employees and Department of Education (DepEd) teachers have...
The Government Service Insurance System (GSIS) reported a surge in interest for its Multi-Purpose Loan Flex (MPL Flex) Program that offers public school teachers and other members the opportunity to access loans at a low interest rate. In a Facebook post on Friday, Nov. 10, the pension fund for...
FundSpace, the online loan platform of Globe Telecom Inc.’s corporate venture builder 917Ventures, has partnered with business loan provider Esquire Financing Inc. to expand its loan offers to local small and medium-sized enterprises (SMEs). Through the partnership, SMEs can now apply for loans...
