Guide on GSIS Pension Loan Computation 2025 for Pensioners
GSIS PENSION LOAN MAXIMUM AMOUNT 2026 – For pensioners aged between 60 to 64, here is a guide on the loanable amounts under the offer of the Government Service Insurance System.
Many Filipinos are senior citizens and they rely on their monthly pension for their maintenance medicine purchases and many other needs. Some of these pensioners are under the Social Security System or SSS while the others are under the Government Service Insurance System or the GSIS.
The GSIS membership is mandated among all employees of the government, thus, it is one of the state-run entities with a multi-million member populace. It has crafted several offers that were designed to help the members in their various needs for cash — maternity, disability, sickness, and unemployment situations among others.
The Government Service Insurance System also has several loan offers apart from their benefit offers. Aside from the GSIS Emergency Loan, the social insurance giant also has the Pension Loan which was created to provide an access to extra cash to eligible pensioners.
The Pension Loan offer of the Government Service Insurance System is open to old-age pensioners under Republic Act 660, Presidential Decree 1146, or R.A. 8291 with no outstanding service loans amortized under the Choice of Loan Amortization. To be eligible to apply for the loan, the pensioner should meet the following eligibility criteria:
- 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 Maximum Amount Loanable this 2026 for Pensioners Aged 60-64?
The age of the pensioner is an important factor in determining the GSIS Pension Loan maximum amount that he/she may borrow. The Basic Monthly Pension or BMP of the pensioner-borrower is another factor.
According to GSIS, pensioners who are between 60 to 64 years old may borrow up to 6 times of your BMP but not exceeding to Php 100,000.00. If a pensioner’s BMP is Php 10,000.00, GSIS Pension Loan computation in terms of the maximum loanable amount is Php 60,000.00. The state-run entity also stated that the loan proceeds will be directly credited to your account within three (3) to five (5) working days since the date of the loan application.
How much is the interest rate under the offer?
The Government Service Insurance System applies a 10% per annum interest rate under its Pension Loan offer. The interest rate is computed in advance.
What is the process of the repayment of the amount borrowed?
The GSIS directly deducts the monthly due from the monthly pension of the social insurance giant. The amount borrowed as well as the interest and the other charges may be repaid for up to 24 months.
If you are interested to apply for the loan offer, you may check out the GSIS Pension Loan Requirements 2026 & Qualifications.