Guide on GSIS Pension Loan Interest Rate For Pensioners-Borrowers
GSIS PENSION LOAN INTEREST – Here is a guide on the interest rate implemented by the Government Service Insurance System (GSIS).
The GSIS has a lot of offers for its members. Most of its members are government employees and those who are working in the public sectors.
Every month, these GSIS members remit a part of their salary to the social insurance institution as savings. Accumulated savings can make a member eligible for its offers like benefits and loans.
When it comes to benefits, most GSIS members are looking forward to the GSIS Retirement Benefit. Under it, the member may apply and be granted with a monthly pension after retiring from service.
In case circumstances like the pensioner will need additional money, he or she may apply to the GSIS Pension Loan. It is open for pensioners who are under the Republic Act 660, Presidential Decree 1146, and Republic Act 8291.
Do you want to know how much you may borrow under this GSIS loan offer? It will depend on your age and as well as your Basic Monthly Pension or more commonly called as BMP.
Meanwhile, even pensioners who are 70 years old and above may apply for the loan. To check on the maximum loanable amounts, you may visit – GSIS PENSION LOAN – List of Maximum Loanable Amounts Based on Age.
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