Sunday, February 28, 2021
Palawan Daily News
  • Home
  • Latest News
    • City
    • Provincial
    • National
    • Regional
  • Advertise
  • Online Radio
  • Opinion
  • Business
  • Lifestyle
  • About the PDN
    • Contact Us
No Result
View All Result
Palawan Daily News
  • Home
  • Latest News
    • City
    • Provincial
    • National
    • Regional
  • Advertise
  • Online Radio
  • Opinion
  • Business
  • Lifestyle
  • About the PDN
    • Contact Us
No Result
View All Result
Palawan Daily News
No Result
View All Result
Home National News

GSIS set to launch new loan program for government workers

Gerardo Reyes Jr by Gerardo Reyes Jr
September 30, 2020
in National News
Reading Time: 2min read
69 1
A A
0
GSIS set to launch new loan program for government workers
Share on FacebookShare on Twitter
Print Friendly, PDF & Email

The Government Service Insurance System (GSIS) will launch on Thursday, October 1, 2020, a loan facility known GSIS Multipurpose Loan (GSIS MPL).

The GSIS said in a press release that this new loan facility “offers low interest, enhanced loan consolidation feature, longer payment term and one-time waiver of surcharges on all due and demandable GSIS loan accounts of its members, except housing and policy loan,”

RelatedPosts

Unified protocols para sa mga LGU, aprubado na!

Pangulong Duterte magpapatupad ng bagong community quarantine classification laban COVID-19

PAGASA warns strong winds and heavy rainfall by tropical depression “VICKY”

Also, this new loan program gives borrowers an additional credit line that will help them consolidate and pay their outstanding GSIS loan balances.

“With the implementation of GSIS MPL, the Enhanced Conso-loan Plus will be phased out. All members with Conso-loan applications that have not been approved by the concerned Agency Authorized Officers (AAOs) on September 30, 2020 will be advised to reapply for GSIS MPL,” GSIS said in a press release.

GSIS President and General Manager (PGM) Rolando Ledesma Macasaet said that GSIS MPL offers members an affordable payment terms, especially those who have reached borrowing limit and have been unable to pay their GSIS loans.

Under MPL, borrowers may apply for up to 14 times their basic monthly salary but not to exceed Php3 million. First-time availees will enjoy waived surcharges on their outstanding loan balance.

MPL’s interest rate is 7 percent per annum computed in advance for members who have at least three years of paid premium.

The GSIS informed that qualified to apply for MPL are active and special GSIS members who have paid at least three months of premiums; are not on leave of absence without pay; have no pending administrative or criminal case; have no arrears under the GSIS Financial Assistance Loan (GFAL) or GSIS housing loan; and are working in agencies with existing Memorandum of Agreement (MOA) with GSIS.

“We urge government agencies to forge a memorandum of agreement with GSIS so that their employees may enjoy MPL’s benefits in no time,” said Macasaet.

Tags: Government Service Insurance SystemGSISGSIS Multipurpose Loan
Share55Tweet34Share14
Previous Post

Palawano band to release songs online this October

Next Post

3 panibagong kaso ng local transmission ng COVID, naitala sa lungsod

Gerardo Reyes Jr

Gerardo Reyes Jr

Related Posts

Unified protocols para sa mga LGU, aprubado na!
National News

Unified protocols para sa mga LGU, aprubado na!

February 27, 2021
Pangulong Duterte magpapatupad ng bagong community quarantine classification laban COVID-19
National News

Pangulong Duterte magpapatupad ng bagong community quarantine classification laban COVID-19

December 28, 2020
PAGASA warns strong winds and heavy rainfall by tropical depression “VICKY”
National News

PAGASA warns strong winds and heavy rainfall by tropical depression “VICKY”

December 21, 2020
Partygoers to face arrest, even on Christmas – PNP Chief Sinas
National News

Partygoers to face arrest, even on Christmas – PNP Chief Sinas

December 15, 2020
Forced labor, trafficking in person sa mga fish worker na nasa fishing vessels, tinututukan
National News

Forced labor, trafficking in person sa mga fish worker na nasa fishing vessels, tinututukan

November 21, 2020
Quake hits Occidental Mindoro, other parts of Luzon
National News

Quake hits Occidental Mindoro, other parts of Luzon

October 17, 2020
Next Post
3 panibagong kaso ng local transmission ng COVID naitala sa lungsod

3 panibagong kaso ng local transmission ng COVID, naitala sa lungsod

PIO Arzaga: Coal Plant sa Narra matutuloy kung ito ang kagustuhan ng tao

PIO Arzaga: Coal Plant sa Narra matutuloy kung ito ang kagustuhan ng tao

Discussion about this post

Latest News

Palawan PDRRMO, magsasagawa ng ‘dry run’ para sa distribution ng bakuna kontra COVID-19 sa lalawigan

Palawan PDRRMO, magsasagawa ng ‘dry run’ para sa distribution ng bakuna kontra COVID-19 sa lalawigan

February 28, 2021
Ex-convict, nanggahasa ng apo ng kabiyak

No. 2 Most Wanted Person sa Sofronio Española, arestado

February 28, 2021
LTO-Palawan: Walang palakasan sa pagpa-schedule ng FREE 15-hour Theoretical Driving Course

LTO-Palawan: Walang palakasan sa pagpa-schedule ng FREE 15-hour Theoretical Driving Course

February 28, 2021
Unified protocols para sa mga LGU, aprubado na!

Unified protocols para sa mga LGU, aprubado na!

February 27, 2021
PIO Winston Arzaga, tinawag na sinungaling ng Parish Priest ng Culion

PIO Winston Arzaga, tinawag na sinungaling ng Parish Priest ng Culion

February 27, 2021

POPULAR NEWS

  • Igorot hunks plant tree seedlings in Yamang Bukid Farm

    Igorot hunks plant tree seedlings in Yamang Bukid Farm

    13066 shares
    Share 5226 Tweet 3267
  • Aktres na si Maja Salvador, sa Puerto Princesa inabutan ng quarantine

    9789 shares
    Share 3916 Tweet 2447
  • Palawan ranks 2nd for 2020 Hottest Destination in the world

    8818 shares
    Share 3527 Tweet 2204
  • JCA to Danao: Hindi ka na-elect para magbuhat ng bigas

    5796 shares
    Share 2318 Tweet 1449
  • DOH-CHD considers untested dead PUI to be COVID positive

    5040 shares
    Share 2016 Tweet 1260
Palawan Daily News

© 2020 All Rights Reserved. Alpha Eight Publishing

Navigate Site

  • Home
  • Latest News
  • Advertise
  • Online Radio
  • Opinion
  • Business
  • Lifestyle
  • About the PDN

Follow Us

No Result
View All Result
  • Home
  • Latest News
    • City
    • Provincial
    • National
    • Regional
  • Advertise
  • Online Radio
  • Opinion
  • Business
  • Lifestyle
  • About the PDN
    • Contact Us

© 2020 All Rights Reserved. Alpha Eight Publishing

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In