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GSIS Conso-Loan Interest Rate Implemented By Government Agency

Guide on GSIS Conso-Loan Interest Rate Per Annum

GSIS CONSO-LOAN INTEREST – Here is a guide on the interest rate implemented by the Government Service Insurance System under this loan offer.

Do you have multiple loans and are having a hard time paying multiple loan interests as well? If you are a member of the Government Service Insurance System (GSIS), there is an excellent solution that the government agency offers.

One of the GSIS loan offers is the GSIS Enhanced Conso-Loan offer. It aims to consolidate the members loan such as the following into a single loan:

  • Salary Loan
  • Restructured Salary Loan
  • Enhanced Salary Loan
  • Emergency Loan Assistance, and
  • Summer One-Month Salary
GSIS Conso-Loan Interest Rate

Do you want to know who may apply for the Enhanced Conso-Loan offer of the GSIS? To be eligible to apply for it, the applicant must be:

  • a permanent or non-permanent GSIS member
  • having no pending administrative or criminal case
  • not on a leave of absence without pay
  • having a net take home pay of not less than the amount mandated under the General Appropriations Act

To check on the requirements in applying for this loan offer, you may visit – GSIS CONSO-LOAN: Benefits of this Loan & How To Apply For It.

With regards to the GSIS Conso-Loan interest rate, according to the government agency, it is at 12% per annum. The interest rate is “compounded annually based on diminishing balance”.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: GSIS BENEFITS – Full List of Benefits For GSIS Members

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