Guide on Whether Guarantor Is Needed in Applying for GSIS Enhanced Conso-Loan or Not
GSIS ENHANCED CONSO-LOAN – Here is a guide on whether a guarantor is required in applying for it or not.
One of the biggest entities with loan offers to its members is the Government Service Insurance System. It is more commonly called as GSIS.
Most of the members of GSIS are those individuals who are working in government and the public sectors. Teachers under the Department of Education and city hall employees are among those individuals.
If you are a member of GSIS, you may be entitled to avail its benefits and loan privileges. One of the offers is the GSIS Enhanced Conso-Loan Plus.
The GSIS Enhanced Conso-Loan Plus aims to help the member consolidate or combine his or her debts into a single loan. It can help you avoid several loan interest for having multiple loans.
To be qualified to apply for the said loan offer, the applicant-member must be:
- an active permanent or non-permanent member of GSIS
- having no pending administrative case
- not on a leave of absence without pay
- having a take-home pay that does not fall below the minimum amount specific in the General Appropriations Act after the monthly amortization will be subtracted
- having a computable loan amount of not less than Php 15,000.00
In applying for the GSIS Enhanced Conso-Loan, there is no need for an applicant to have a guarantor. Do you want to know how much you may borrow under this offer? You may visit – GSIS CONSOLIDATED LOAN: List of Loanable Amounts Based on Contribution.
To apply for the said loan offer, you may directly visit an office of the GSIS or do it through the GSIS Wireless Automated System (GWAPS) kiosks.
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