Guide on GSIS Enhanced Conso-Loan Plus Loanable Amount
GSIS ENHANCED CONSO-LOAN PLUS – You can check the details below about the loan offer if you have a 20-month savings.
GSIS ENHANCED CONSO-LOAN PLUS – You can check the details below about the loan offer and the maximum amount that you may borrow if you have a 20-month savings.
Countless Filipinos are either employed or have been employed in the government service or the public sector. These individuals are often insured under the Government Service Insurance System. Popularly called GSIS, it is a state-run social institution giant in the country.
GSIS members should make a monthly contribution known as a premium or monthly savings, which is necessary to keep their account up to date and possibly make them eligible for different benefits and loans offered by the state-run social insurance institution.
Among the loan programs available is the GSIS Enhanced Conso-Loan Plus, also referred to as the GSIS cash loan. This specific loan option enables GSIS members to combine their existing loans into a single consolidated loan. The said loans are the following:
- Salary Loan
- Restructured Salary Loan
- Enhanced Salary Loan
- Emergency Loan Assistance
- Summer One-Month Salary Loan
Under the GSIS Enhanced Conso-Loan Plus, the penalties and surcharges under the aforementioned loans, if there is any, will be waived. Only the members who have at least 25 total monthly contributions posted may apply for the loan offer.
Aside from this loan offer, the state-run social insurance institution has several other loan offers for its members such as the following:
GSIS Policy Loan
As per the GSIS, members are offered the Policy Loan option, which grants them the chance to secure a loan based on their insurance policy. The loan carries an interest rate of 8% and can be repaid through monthly installments.
Kindly visit – GSIS POLICY LOANS: Who May Apply For GSIS Policy Loan
GSIS Emergency Loan
The Emergency Loan provided by GSIS is designed to support members of the social insurance institution who have been affected by calamities. Usually, a list of eligible areas is published by the institution, allowing residents in those locations to apply for this particular loan type.
You may visit – GSIS Emergency Loan – How To Apply & Requirements To Prepare
GSIS Pension Loan
Pensioners who are covered by the GSIS have the opportunity to seek financial aid from the social insurance agency through the submission of a loan application. This program is designed with the purpose of offering supplementary funds to pensioners, in addition to their regular monthly pension.
Kindly visit – GSIS Pension Loan: Here’s the Qualifications & Requirements in Applying