Guide on GSIS Pension Loan Computation 2025 for Pensioners
GSIS PENSION LOAN MAXIMUM AMOUNT 2026 – For pensioners aged 70 and above, here is a guide on the loanable amounts under the offer of the Government Service Insurance System.
Many senior citizens in the Philippines are members of the Government Service Insurance System as they have worked in the government before. Employees of the government are mandated to keep their GSIS memberships updated during the entire employment. It guarantees an access to several benefit and loan offers.
Aside from the Disability, Survivorship, Unemployment, and Retirement Benefits among others, the Government Service Insurance System also has several loan offers. Aside from the GSIS Multi-Purpose Loan offer, the social insurance giant also has the GSIS Pension Loan offer.
The GSIS Pension Loan is designed to help provide for the cash needs of the member-pensioner that may not be covered by the monthly pension. It is like a safety net when medical situations take place as well a need for extra cash for projects and business expansion.
Who are qualified to apply for the Pension Loan offer of the Government Service Insurance System? The social insurance giant has opened the loan offer for pensioners under the Republic Act 660, the Presidential Decree 1146, and the Republic Act 8291. Here is the eligibility criteria under the offer:
- 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)
- without outstanding service loans being amortized under the Choice of Loan Amortization Schedule for Pensioners (CLASP) at the time of filing
How much is the GSIS Pension Loan Maximum Amount Loanable this 2026 for Pensioners Aged 70 and above?
There are two (2) factors considered by the social insurance giant with regards to the GSIS Pension Loan maximum amount loanable by a pensioner this 2026. They are the age of the pensioner and the Basic Monthly Pension or BMP.
The GSIS Pension Loan maximum amount loanable for members who are aged 70 and above is equivalent to twice of the member-pensioner’s BMP but not more than P20,000. If the pensioner’s BMP is P5,000, the maximum borrowing amount allowed is P10,000.
How much is the interest rate under the offer?
A 10% interest rate that is computed in advance is implemented by the Government Service Insurance System under the Pension Loan offer. The loan is payable within 24 months.
What is the process of the repayment of the borrowed amount?
The GSIS directly deducts the monthly due from the monthly pension of the member-borrower. To apply for the loan offer, there are GSIS Pension Loan requirements that should be prepared.