Here’s Guide on GSIS MPL Lite vs. Flex Features and Requirements
GSIS MPL LITE vs. FLEX – Are you thinking which multi-purpose cash loan offer of the Government Service Insurance System to apply for?
A huge part of the Filipino populace is a member of the GSIS or the Government Service Insurance System as many Pinoys have worked or are currently working in the government. A GSIS membership is mandated among the government employees.
While a membership to the GSIS will take a part of the monthly salary for the monthly contribution, an updated membership widens the financial resources of the social insurance entity most especially during dire financial needs. There are several GSIS loans that members may apply for and the list keeps on growing.
Two (2) of the newest loan offers of the Government Service Insurance System are the GSIS MPL Lite and the GSIS MPL Flex. They are multi-purpose cash loan offers with different features and a share of similarities.
Here is a guide on the GSIS MPL Lite and GSIS MPL Flex features:
Qualifications
| GSIS MPL Lite | GSIS MPL Flex |
| posted at least one (1) month premium contributions for both Personal Share and Government Share at the time of application | has at least one (1) month premium contributions for both Personal Share and Government Share at the time of application |
| non leave of absence without pay at the time of application | not on a leave of absence without pay at the time of application |
| no pending administrative case and/or criminal case | without pending administrative case and/or criminal case |
| 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 | 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 |
| no GFAL account in default except housing loan | no GFAL account in default |
| agency status is not “Suspended” | agency status is not “Suspended” |
Loanable Amounts
| GSIS MPL Lite | GSIS MPL Flex | |
| Minimum Loanable Amount | Php 20,000 | equivalent of 1x Basic Month Basic Salary of member-borrower |
| Maximum Loanable Amount | Php 50,000 | equivalent of 14x Basic Month Basic Salary of member-borrower |
Loan Terms
| GSIS MPL Lite | GSIS MPL Flex |
| within 6, 12, 18, or 24 months | from 1 year up to 15 years |
Application Options
| GSIS MPL Lite | GSIS MPL Flex |
| via GSIS Touch mobile app | Over-the-Counter |
| via GSIS Touch mobile app | |
| via GWAPS Kiosk |