Guide on GSIS Multipurpose Loan Interest Rate Set Under New Loan Offer
GSIS MULTIPURPOSE LOAN INTEREST – Here is a guide on the interest rate set by the Government Service Insurance System (GSIS) on its new loan offer.
In times of financial needs, there are agencies that people can turn to depending on their memberships to these entities. One of these agencies is the Government Service Insurance System or more commonly called GSIS.
The GSIS is a state-run social insurance institution in which most employees of the government and the public sector are members of. Every month, the GSIS members pay a monthly contribution depending on their salary.
Accumulated GSIS savings can qualify a member to the loans and benefits offered by the government agency. Recently, a new GSIS loan was introduced.
After phasing out the GSIS Enhanced Conso Loan Plus, the social insurance institution introduced the GSIS Multipurpose Loan or the MPL. It aims to provide by more credit line to the borrower who wants to consolidate their existing loans. The following loans are covered under it:
- Salary Loan
- Restructured Salary Loan
- Enhanced Salary Loan
- Emergency Loan Assistance
- Summer One-Month Salary Loan
- Conso-Loan Plus or Enhanced Conso-Loan Plus
- Member’s Cash Advance
- eCard Cash Advance
- eCard Plus Cash Advance
- Emergency Loan
- Home Emergency Loan Program (HELP)
- Education Assistance Loan I and II
- Fly Pal, Pay Later
- Study Now, Pay Later
- Stock Purchase Loan
Under this new loan offer, your loanable amount will depend on your total contribution to the social insurance institution. With regard to the GSIS Multipurpose Loan interest rate, it will be at 7% per annum.
Do you want to check your qualification to apply for this GSIS loan offer? Feel free to visit – GSIS Multipurpose Loan – Who Are Eligible To Apply For This Loan Offer.
Thank you for visiting our website. We hope we have helped you with regard to this GSIS matter. You may keep coming back for more informative guides.
READ ALSO: GSIS LOAN OFFERS – Full List of Loanable Amounts Under Each Loan Offer
Good evening sir /mam. I have already filed mpl loan. Oct.8,2020 .as of now I have not received reply of what happen.thank you ang god bless ..