Guide on GSIS Educational Loan Interest Rate For Members’ Kin
GSIS EDUCATIONAL LOAN INTEREST RATE – Here is a guide on the interest rate set by the Government Service Insurance System under its Educational Loan offer.
A lot of parents are financially struggling now amid the COVID-19 crisis in the Philippines. Many lost their other source of income as businesses had no choice but to close.
Many firms were not able to withstand the demands of the pandemic. For several months, the suspensions of operations had to take place to give way for the fight against the pandemic. In other businesses, even if it is allowed, there is not much income amid the crisis.
Some of the people who are financially struggling now are members of the Government Service Insurance System. To help ease the burdens of members who are parents and send a family member to school, the government agency came up with the GSIS Educational Loan offer.
P20 billion is allotted by the government agency for the said “study-now, pay-later” loan program. It is open for the children or kins of GSIS members who are going to college.
According to the government agency, each member may nominate up to two beneficiaries under the said loan program. The kin must be related to the member up to the 3rd degree of affinity.
Do you want to know how much you can borrow under the said loan offer and who are qualified to apply for it? You may visit – GSIS Educational Loan – Who Are Eligible To Apply for This Loan Offer.
The GSIS Educational Loan interest rate is only 8%. To apply for it, you may visit this page for a guide on the process and the documents to prepare for submission – GSIS Educational Loan 2020 – How To Apply For It & Requirements.
Thank you for visiting our website. We hope we have helped you with regard to this GSIS offer. You may keep coming back for more informative guides.
