Check Here the GSIS Cash Loan Loanable Amounts under Multi-Purpose Loan Offer
GSIS CASH LOAN LOANABLE AMOUNTS – Here is a guide for the members of the Government Service Insurance System.
In the Philippines, one of the giant social insurance institutions is the Government Service Insurance System or more popularly called GSIS. It is also one of the state entities with the biggest member populace count.
Employees of the government are mandated to maintain an active membership to the GSIS. Thus, the social insurance giant has millions of members across the nation. Most of these are current employees of the government while others are former government employees who chose to continue their membership.
There are also countless individuals in the Philippines who are GSIS pensioners. The social insurance giant has several offers for its members and pensioners including the GSIS loans. One of the loan offers is the Multi-Purpose Loan which aims to address the multiple financial needs of the qualified members.
With regards to the GSIS Cash Loan loanable amounts, while the maximum borrowing amount is up to Php 5 million, the loanable amounts actually vary. The total premiums posted by a member-borrower is a factor on how much he/she may borrow.
Here is a guide on the GSIS Cash Loan Loanable Amounts:
| Paid Premium Contribution | Maximum Loanable Amount | Example: BMS is P20,000 |
| at least 1 month buth less than 20 months | 1x Basic Month Basic Salary | Php 20,000 |
| at least 20 months but less than 3 years | 3x Basic Monthly Salary | Php 60,000 |
| at least 3 years but less than 5 years | 4x Basic Monthly Salary | Php 80,000 |
| at least 5 years but less than 10 years | 7x Basic Monthly Salary | Php 140,000 |
| at least 10 years but less than 15 years | 10x Basic Monthly Salary | Php 200,000 |
| at least 15 years or over | 14x Basic Monthly Salary | Php 280,000 |
For member-borrowers with at least 20 monthly contributions but less than 10 years of premiums posted in their accounts, the minimum loan term is one (1) year. The maximum loan term is six (6) years.
On the loan term for GSIS member-borrowers who have posted at least 10 years of monthly premiums, the minimum loan term is one (1) year while the maximum loan term is 15 years.
According to the Government Service Insurance System, member-borrowers who are qualified for a 10-year loan term may opt to reduce the payment term between one (1) to nine (9) years.
Are you interested to apply for the Multi-Purpose Loan offer of the social insurance giant? You may check the GSIS Multi-Purpose Cash Loan requirements for application. The lists include both qualifications and documents that must be submitted to apply for the loan offer.