GSIS GFAL Educational Loan – How Much Member Can Borrow Under It

Guide on GSIS GFAL Educational Loan Loanable Amount

GSIS GFAL EDUCATIONAL LOAN – Here is a guide on how much a member can borrow under this Government Service Insurance System (GSIS) loan offer.

The Government Service Insurance System or more commonly known as GSIS wants to help its members who have college children or kins to send to school. Truths be told that many people are financially struggling now.

The impacts of the COVID-19 pandemic have led to the closure of several businesses and employees losing their jobs. Some of these are parents who have college children to send to school.

To help its members, the state-run agency offers the GSIS GFAL Educational Loan. The agency allotted Php 20 billion for this study now, pay later loan program.

According to GSIS President and General Manager Rolando Ledesma Macasaet, it is open to fund the tertiary education of kins of its members who are going into college.

Under the GSIS GFAL Educational Loan, a member may borrow up to Php 100,000.00. It covers the tuition fees and as well as the other school fees.

According to the government agency, a member may pay for the loan for up to 10 years. There is a five-year grace period meaning the borrower is allowed not to pay for the loan amortization in then first five years of the loan account.

GSIS said that the Educational Loan is open for members who are at least 15 years in service. To check your eligibility for the said offer, you may visit – GSIS Educational Loan – Who Are Eligible To Apply for This Loan Offer.

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