List of GSIS Multi-Purpose Cash Loan Requirements — Qualifications & Documents
GSIS MULTI-PURPOSE CASH LOAN REQUIREMENTS – You can check here the qualifications and the documents needed in applying for loan.
Are you one of the millions of members of the Government Service Insurance System in the Philippines? More popularly called GSIS, it is a giant in terms of social insurance. A huge part of the Filipino populace are members of the state entity as government employees are mandated to maintain an active GSIS membership.
How to maintain a GSIS membership active? It can be done by posting monthly contributions or premiums. In most cases, the monthly contribution is automatically deducted from the payroll and the employer is the one that submits it to the state entity.
GSIS members with updated accounts may qualify for the benefit and loan offers of the state entity. One of the GSIS loans is the Multi-Purpose Loan or MPL.
The Multi-Purpose Loan offer of the Government Service Insurance System or also popularly called MPL is a cash loan offer that aims to provide for short-term financial needs. It can address multiple financial needs under a single loan.
Who are qualified to apply for the loan offer? Here are the GSIS Multi-Purpose Cash Loan eligibility requirements for application:
- has at least one (1) month 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
- has no pending administrative case and/or criminal case; Provided however, that if the pending administrative case or charge is for a light offesnse, the borrower shal remain eligible
- agency status is not “Suspended”
- with no GFAL account in default
- 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
Once you meet the aforementioned qualifications for application to the Government Service Insurance System Multi-Purpose Loan offer, it is time to decide on the application mode. You can apply for it via any of the following:
- via GSIS Touch mobile app
- via GWAPS Kiosk
- Over-the-Counter
If you want to apply through the GWAPS Kiosk, you have to prepare your UMID ID. In the case of the GSIS Multi-Purpose Cash Loan requirements for over-the-counter applications, you need to prepare the following:
- duly accomplished MPL Flex Application Form
- photocopy of the Unified Multi-Purpose ID (UMID) card or Electronic Card (eCard)
Aside from the Multi-Purpose Loan offer, the state entity has several other loan offers. You might also like to check the Emergency Loan offer or the GSIS Calamity Loan offer for members.