Guide on GSIS Multi-Purpose Loan 2025 for Qualified Members
GSIS MULTI-PURPOSE LOAN 2025 – You can check here the features of the MPL loan offer of the Government Service Insurance System and the process in applying for it.
Many Filipinos are members of the Government Service Insurance System or more popularly called GSIS. It is a state-run social insurance giant with offers that widen the financial options of its members. It is mandated among the government employees to maintain an active membership to the state entity.
Are you a member of the Government Service Insurance System? Aside from the GSIS MPL Lite and Flex, the social insurance giant has a regular cash loan offer for members — the GSIS Multi-Purpose Loan. It is also called the GSIS MPL.
The GSIS Multi-Purpose Loan was crafted to help members with existing loans to the social insurance giant in consolidating their loans under a single loan. It may provide an additional credit line for the qualified member.
Several existing loans of a qualified member-borrower may be consolidated under the MPL. Here are the loans that may be combined under the offer:
- Salary Loan (SL)
- Restructured Salary Loan (RSL)
- Enhanced Salary Loan (ESL)
- Emergency Loan Assistance (ELA)
- Summer One-Month Salary Loan (SOS)
- Conso-Loan Plus / Enhanced Conso-Loan Plus
- Member’s Cash Advance / eCard Cash Advance / eCard Plus Cash Advance
- Home Emergency Loan Program (HELP)
- Educational Assistance Loan I and II (EAL I / II)
- Fly PAL, Pay Later (FPPL)
- Study Now, Pay Later (SNPL)
- Stock Purchase Loan (SPL)
According to the Government Service Insurance System, in consolidating the existing loans of a member-borrower, the outstanding balances of the loans including the surcharges that will be waived will be fully-liquidated up to the date of the granting of the MPL. With regards to the Emergency Loan (EML) accounts in arrears or in default, it shall be deducted from the MPL proceeds.
Who are qualified to apply for the GSIS Multi-Purpose Loan? Here are the eligibility requirements in applying for the loan offer.
- has posted at least three (3) monthly premium contributions for both Personal Share and Government Share at the time of application
- not on leave of absence without pay at the time of application
- without pending administrative case and/or criminal case
- agency status is not “Suspended”
- no arrearages in the GSIS Financial Assistance Loan (GFAL) and/or Housing Loan
- resulting net take-home pay after loan availment is not lower than the amount required under the General Appropriations Act, after all required monthly obligations have been deducted
The GSIS has set the loanable amount under the Multi-Purpose Loan as well as the interest rate. You may check on it first before proceeding on the requirements for application and the process on how to apply for it.