Check Here the Details on GSIS Cash Loan Interest Rate 2025 for Qualified Members
GSIS CASH LOAN INTEREST RATE 2025 – The Government Service Insurance System has set it based on the total paid premiums of the member-borrower.
One of the social insurance giants in the Philippines is the GSIS or the Government Service Insurance System. Millions of Filipinos are members of the social insurance entity. Are you one of these individuals?
The Government Service Insurance System provides loans as well as several GSIS benefits to its members for several decades now. To qualify for these financial solutions, a member must have an account that is eligible for application and there is usually a required number of contributions or premiums.
Members of the Government Service Insurance System must pay the premiums monthly to maintain eligibility to the offers of the social insurance giant. One of the loans is the Multi-Purpose Loan or also called MPL.
The GSIS Multi-Purpose Loan is a cash loan offer of the social insurance giant that can attend to different needs. A member may apply for it to make a personal purchase, start a business, travel, throw an event, make some payments, etc.
Under the MPL, the existing Salary Loan (SL), the Restructured Salary Loan (RSL), the Enhanced Salary Loan (ESL), and the Emergency Loan Assistance (ELA) of the member can be consolidated under the offer.
The loan consolidation also covers the Summer One-Month Salary Loan (SOS), the Conso-Loan Plus / Enhanced Conso-Loan Plus, the member’s Cash Advance / eCard Cash Advance / eCard Plus Cash Advance, the Home Emergency Loan Program (HELP), the Educational Assistance Loan I and II (EAL I / II), and the “pay later” offers of the social insurance giant.
The loanable amount under the GSIS cash loan offer varies and the GSIS cash loan interest rate depends on the PPP or Period with Paid Premiums of the member-borrower. Here is a guide:
- 8% per annum for members with PPP of less than 3 years
- 7% per annum for members with PPP at least 3 years
The GSIS cash loan interest rate retains throughout the payment term. The loan term depends on “members’ Period with Paid Premiums (PPP) and computed Basic Monthly Salary (BMS)”.
Are you interested to apply to the loan offer? It is best to check on the GSIS cash loan requirements for application.