Guide on GSIS Multi-Purpose Loan Details & Application Process
GSIS MULTI-PURPOSE LOAN 2026 – Here are the excellent features and a guide on how to apply for the MPL offer of the Government Service Insurance System.
In the Philippines, there are two (2) social insurance giants — the Social Security System and the Government Service Insurance System. Both of them got multi-purpose cash loan offers. In the case of GSIS, it is the GSIS Multi-Purpose Loan or also called MPL.
The GSIS Multi-Purpose Loan is designed to help members who have several loan accounts to the social insurance giant get away from multiple interest rates and the hassle of managing several loans. Through it, you can consolidate all your existing loans.
The membership to the Government Service Insurance System is mandated among the government employees. Thus, millions of Filipinos actually have an access to the GSIS Multi-Purpose Loan offer.
Under the Multi-Purpose Loan offer of the social insurance giant, a member with several existing loans may consolidate the following loans under the MPL:
- Salary Loan (SL)
- Restructured Salary Loan (RSL)
- Enhanced Salary Loan (ESL)
- Emergency Loan Assistance (ELA)
- Summer One-Month Salary Loan (SOS)
- Conso-Loan Plus / Enhanced Conso-Loan Plus
- Member’s Cash Advance / eCard Cash Advance / eCard Plus Cash Advance
- Home Emergency Loan Program (HELP)
- Educational Assistance Loan I and II (EAL I / II)
- Fly PAL, Pay Later (FPPL)
- Study Now, Pay Later (SNPL)
- Stock Purchase Loan (SPL)
One of the major benefits under the GSIS Multi-Purpose Loan offer is that the surcharges of the existing loans will be waived. According to the social insurance giant, there will be a full liquidation of the outstanding balances of each loan.
Compared with the GSIS Enhanced Conso-Loan, the MPL can consolidate Stock Purchase Loan (SPL) as well as Home Emergency Loan Program (HELP). To qualify for the offer, the member must not be on a leave of absence without pay at the time of the loan application.
Furthermore, he/she must have posted a minimum of three (3) monthly premium contributions for both Personal Share and Government Share at the time of application. The member-borrower must have no arrearages in the GSIS Financial Assistance Loan (GFAL) and/or Housing Loan, no pending administrative case and/or criminal case, and not on a “Suspended” agency status as well.
The Government Service Insurance System also requires that the member-borrower’s 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
You might like to check the loanable amount under the GSIS Multi-Purpose Loan offer. With regards to the interest rate, the social insurance giant implements “an interest rate of 8% per annum for members with PPP of less than 3 years and 7% per annum for members with PPP at least 3 years”.
Meanwhile, if you wish to proceed to the loan application, there are three (3) options on how to apply for the GSIS Multi-Purpose Loan offer including the requirements that you need to prepare.