Guide on GSIS Pension Loan Computation 2025 for Pensioners
GSIS PENSION LOAN COMPUTATION 2025 – Here is a guide on how much pensioners aged 65 to 69 may borrow from the Government Service Insurance System.
Are you one of the pensioners of the Government Service Insurance System or more popularly called GSIS? Or you might know someone who is a GSIS member? It is important to know that the social insurance giant can go beyond the release of the monthly pension.
The Government Service Insurance System has several offers for its members. It has many loan products which does not only include the GSIS Emergency Loan but as well as the GSIS Pension Loan. It was designed to provide an access to GSIS pensioners who are in need of cash.
Truth be told that there are instances such as medical emergencies wherein the monthly pension might fall short. A GSIS pensioner may qualify to the criteria set by the social insurance giant below and have an access to the financial solution.
The GSIS Pension Loan is a loan facility that is open for pensioners of the social insurance giant who meet the following qualifications:
- pensioners under RA 660, PD 1146, or RA 8291 with no outstanding service loans being amortized under the Choice of Loan Amortization Schedule for Pensioners (CLASP) at the time of filing
- must be receiving a regular monthly pension for at least one month
- must have no existing service loans under the Choice of Loan Amortization Schedule for Pensioners (CLASP) or the GSIS Program of Restructuring and Repayment of Debts (PRRD)
- with a resulting net monthly pension after the loan deduction must be at least 25% of your Basic Monthly Pension (BMP)
How much is the GSIS Pension Loan Computation 2025 for 60-64 Year-Old Pensioners?
The Government Service Insurance System uses the Basic Monthly Pension or the BMP of the pensioner-borrower as a factor in determining how much he/she may borrow. In the case of pensioners who are aged between 60 to 64, your GSIS Pension Loan computation is up to four (4) times of your BMP not exceeding to Php 60,000.
For example, if your BMP is Php 20,000, your GSIS Pension Loan computation for the maximum loanable amount is Php 60,000 — since Php 80,000 is not allowed under the offer.
How much is the interest rate under the offer?
GSIS implements a 10% per annum interest rate under its loan offer for pensioners. It is best to know that the interest rate is computed in advance.
What is the process of the repayment of the amount borrowed?
According to the social insurance giant, the principal as well as the interest of the amount borrowed is payable for up to 24 months. You may apply for the GSIS loan at any GWAPS Kiosk.
Do you want to know the GSIS Pension Loan requirements for application?