Guide on GSIS Multipurpose Loan MPL Minimum & Maximum Loanable Amounts
GSIS MULTIPURPOSE LOAN MPL – Here is a guide on how much you can borrow under this Government Service Insurance System (GSIS) loan offer.
The Government Service Insurance System or more commonly called as GSIS got a new loan offer – the Multipurpose Loan. It replaces the Enhanced Conso Loan Plus offer of the social insurance institution.
The Enhanced Conso Loan Plus consolidates several existing loans into a single loan. It combines the different loans such as the following:
- Salary Loan
- Restructured Salary Loan
- Enhanced Salary Loan
- Emergency Loan Assistance, and
- Summer One-Month Salary
However, the social insurance institution decided to phase out the Enhanced Conso Loan Plus. A new loan offer was introduced – the GSIS Multipurpose Loan or MPL.
The MPL gives the member-borrower an additional credit line to consolidate his or her outstanding loans. According to GSIS President Rolando Macasaet, it “offers members affordable payment terms”.
The said multipurpose loan offer also “prevents penalties incurred by members” for the unpaid loans to the social insurance institution from ballooning.
With regard to the loanable amounts under the GSIS Multipurpose Loan or MPL, a member may borrow up to 14 times of their basic monthly salary but not over P3 million.
To be eligible to apply for this loan offer, the member must be working in an agency with a Memorandum of Agreement (MOA) with GSIS. Thus, the social insurance institution is encouraging companies to forge an agreement with them for the benefit of their employees. It is an excellent option in times of financial needs.
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READ ALSO: GSIS Financial Assistance Loan – How To Apply For It & Requirements To Prepare
Madam/Sir,
May I know the status of my March refund from the GSIS?
thank you for your immediate action.
So, this means i can no longer renew or reavail of my consol loan? If no MOA is made with our agency, will this mean we cannot avail of this MPL?
approve po b loanko
Of we have an existing conso loan we are ualified ba?
How much the deduction.
How much the deduction
How would i apply via onlinew in the said mpl po?
Oct. 7,2020
GSIS Officer
I am interested to avail gsis mploan but am already 59 years old, in 6years time i will retire. Shall my mpl loan be
upon retiring full payment?
Further, another agreement will be made before between caraga regional hospital, surigao city the agency am working for before i can apply mpl? Yes?
ilan buwan po ba ang pwede ma loan sa multi purpose loan 35 yrs n p ako gsis member meron ako existing loan balances sa enhanced loan paano po b ang computation meron din ako emergency loan at educational loan .. thnks
I already apply thru online gsis multipurpose loan last Oct. 02, 2020 when will be my tentative commotion be send by your good office gsis, Can I have a copy of my tentative computation? How how many days will be will be released
Mpl loan
Ilan ang maloloan sa mpl
Dear sir, ma’am, I want to know if how much can I loan?
Am I entitled to avail MPL ma’am/Sir?
How to apply?
I’m interested with MPL. How and where can I apply for
I am interested with MPL .How to apply for it.
if i apply for MPL in gsis ,is it by the approval of deped again or division?
I’m interested to apply MPL.
For 10 months salary loan less my conso loan. How my h is my net?
I am interested in applying the multipurpose loan but I have an outstanding Consolidated Loan. Am I qualified to avail?
Ilan po KAya maloloan ko dito sa Multipurpose Loan?
Im interested with mpl. How can i apply
Magkano po ang makukuha ko kung mag apply po ako ng mpl?
Pano po Kung mayroon ng consol loan?makaka avail pa po ba ng multipurpose loan sa GSIS?
Good day….
Sir, I just wanna ask if PNP agency has MOA with your agency? I am interested to avail MPL loan. Thank you and God Bless.
I had an existing loan, if I will apply for the MPL , it will automatically deduct my existing loan?
Can i still avail the GSIS MPL?since i’ve just renew my conso loan last september 2020.
Thank you for this information and of course to this offer of the GSIS leadership. I am interested to GSIS MPL, i will i start? Thank you and more power.
interested
how to apply MPL Loan?
How can apply
How much will I get?