Guide on GSIS Multi-Purpose Loan Requirements for Application
GSIS MULTI-PURPOSE LOAN REQUIREMENTS – Here are the documents required by the Government Service Insurance System in applying for the loan offer.
Have you heard about the Multi-Purpose Loan offer of the Government Service Insurance System? More popularly called GSIS, its MPL is a cash loan offer that can consolidate multiple loans including special loans.
To apply for the cash loan offer, the member-borrower must comply with the GSIS Multi-Purpose Loan requirements for appplication. here are the documents that a member-loan applicant must prepare:
- duly-completed and signed GSIS MPL Application Form
- photocopy of the eCard or UMID eCard
Once you have completed the GSIS Multi-Purpose Loan requirements for application, you can proceed to the application process. There are several options for the GSIS members and you can choose the one that is most convenient for you.
via eGSISMO
- Login to your eGSISMO account (BP number and PW)
- Tap/Click Loans Application icon and choose (Multi-purpose Loan), Loan Type (New or Renewal).
- Upload a Picture of Member holding UMID / Temporary CARD or 2 Valid Government IDs if UMID / Temporary CARD is lost (as JPEG or PDF File)
- Confirm Loan Agreement and click SAVE
- Await email confirmation from GSIS for tentative loan computation
via Email
- Prepare the following:
- Fill out the Multipurpose Loan Application Form
- Clear picture of the borrower holding his GSIS UMID eCard (or temporary eCard); if GSIS UMID eCard or temporary eCard is not available, present 2 valid IDs instead and do the following:
- Take a clear photo of the 2 valid IDs (front and back) and;
- Take a clear photo of the borrower holding the 2 valid ID cards
- Save the Application Form and photos as JPEG or PDF File
- Send an email to your GSIS handling branch containing the above-mentioned documents
- Await email confirmation from GSIS for tentative loan computation
via GWAPS Kiosk
- Go to a GWAPS kiosk nearest you.
- Put your eCard Plus/UMID in the G-W@PS kiosk card reader. You need to place your finger in the biometrics scanner. Once recognized, personal data will be displayed.
- Pick Loan Windows icon and tap/click on Multipurpose Loan. The screen will display the tentative computation of your preferred loan. You may change the loan amount and/or payment term.
- Confirm your loan by placing your selected finger on the biometrics scanner.
- Await for email or SMS from GSIS regarding the approval of your loan.
With regards to interest rate under the GSIS Multi-Purpose Loan, the state-run social insurance giant has set it at 7% per annum computed in advance for members with at least three-year PPP.
For members who have at least three (3) years of PPP and the special members who have a total of three-year length of service or more, the interest rate is 8%.
