Guide on GSIS MPL Flex Loanable Amount 2025 for Members
GSIS MPL FLEX LOANABLE AMOUNT 2025 – You can check here the borrowing amounts based on your posted monthly contributions.
Many Filipinos are members of the Government Service Insurance System as they are working or have worked in the government. These individuals have wide options through the offers of the social insurance giant.
The Government Service Insurance System is in the service of the Filipino people for decades now since 1937. The social insurance giant was established by the Congress of the Philippines through Commonwealth Act No. 186 on November 14, 1936. Filipinos who are working in the government are mandated to apply for a membership to the GSIS.
Members of the Government Service Insurance System may turn to the GSIS benefits and loan offers in times of financial needs. The offers were crafted to assist the qualified members in different situations.
Are you in need of a loan that can consolidate your existing loans and provide you with some excess cash? You may turn to the Government Service Insurance System Multipurpose Loan Flex or also called the MPL Flex.
The GSIS MPL Flex Loanable amount has a wide range. It is actually dependent on the total monthly contributions that you have posted. Thus, if you have a huge total monthly contributions, you may have a huge maximum loanable amount as well.
The GSIS MPL Flex maximum loanable amount is P5 million. Here is a guide on how much you may borrow:
- If you have posted at least 1 monthly contribution but less than 20 monthly contributions, you may borrow up to an equivalent of 1x Basic Month Basic Salary.
- If you have posted at least 20 monthly contributions but less than 3 years of monthly contributions, you may borrow up to an equivalent of 3x Basic Monthly Salary.
- If you have posted at least 3 years of monthly contributions but less than 5 years of monthly contributions, you may borrow up to an equivalent of 4x Basic Monthly Salary.
- If you have posted at least 5 years of monthly contributions but less than 10 years of monthly contributions, you may borrow up to an equivalent of 7x Basic Monthly Salary.
- If you have posted at least 10 years of monthly contributions but less than 15 years of monthly contributions, you may borrow up to an equivalent of 10x Basic Monthly Salary.
- If you have posted at least 15 years of monthly contributions or over, you may borrow up to an equivalent of 14x Basic Monthly Salary.
The loan offer is open even for members who only have one (1) monthly contribution posted. For members who have posted between 1-19 monthly contributions, the loan term is from one (1) year up to three (3) years.
In the case of members with contributions that are between 20 monthly contributions to 10 years of monthly contributions, the GSIS MPL Flex loanable amount or the borrowed amount is payable from one (1) year up to six (6) years.
If you have at least 10 years of monthly contributions, the loan term is from one (1) year up to 15 years. Do you want to know the interest rate under the GSIS MPL Flex?