GSIS Enhanced Pension Loan Age Cap Lifted
GSIS ENHANCED PENSION LOAN – The Government Service Insurance System removed the age cup under the Enhanced Pension Loan.
The benefit of the Government Service Insurance System (GSIS) that most members are looking forward to is retirement. A member may get a lump-sum of his or her total contributions or a monthly pension.
Saving monthly for a pension is setting aside money for the future. It is an assurance that you will have a financial source during your senior years even after retiring from work.
Aside from receiving a monthly pension, pensioners of the GSIS enjoy several other benefits and privileges. One of it is the GSIS Enhanced Pension Loan.
Under the Enhanced Pension Loan, senior members of the institution may borrow an amount of money that can help them cope with the other expenses. It is payable for up to 24 months.
Do you want to check on the eligibility requirements set by the social insurance institution in applying for this loan offer? Feel free to visit – GSIS Enhanced Pension Loan – Who Are Qualified To Apply For It.
Previously, there is an age cap under the GSIS Enhanced Pension Loan. Only pensioners who are 64 years old and below may avail the said offer. Recently, the social insurance institution made a move and removed the age cap. Even those pensioners who are aging 65 years old and above may apply for it most especially now amid the COVID-19 pandemic.
Also, GSIS has increased the maximum loanable amount under its offer. To check on how much you may borrow under it, you may visit – GSIS Pension Loan – the Maximum Loanable Amount Increased.
For a guide on how to apply online, feel free to visit – GSIS Loan Online Application – How To Apply Online & 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.
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