List of GSIS Cash Loan Loanable Amounts for Qualified Members
GSIS CASH LOAN – You can check the guide below regarding the loanable amounts for GSIS members based on the total monthly contributions posted.
The Government Service Insurance System, more popularly called GSIS, has several offers for its members. This state-run social insurance institution’s member population is mainly composed of government workers and former employees in the public sector.
The offers of GSIS for its members include benefits and loan offers. There are several loans that the members may turn to including the Enhanced Conso-Loan Plus or more popularly called the GSIS cash loan.
The GSIS cash loan offer consolidates the existing loans of a qualified member into a single loan. It combines the following the loans (if there are existing loans):
- Salary Loan
- Restructured Salary Loan
- Enhanced Salary Loan
- Emergency Loan Assistance
- Summer One-Month Salary Loan
With regards to the loanable amounts under this GSIS cash loan offer, it depends on the total contributions posted by the member-borrower. Here is a guide:
| Minimum Premium Payments Required | Maximum Loan Amount (Basic Monthly Salary) |
| 25 years | 14-month loan |
| 15 years | 12-month loan |
| 10 years | 10-month loan |
| 5 years | 7-month loan |
| 40 months | 4-month loan |
| 20 months | 3-month loan |
To be eligible for the loan offer, the member-borrower must be:
- be in service for at least 15 years
- have paid premiums
- have no pending cases
- not be on leave of absence without pay
- have a net take-home pay not less than the amount on the General Appropriations Act after the monthly amortization has been deducted
- have a computed loanable amount of not less than Php 15,000.00
You may apply for the loan offer through the GSIS Wireless Automated System or also called the GWAPS. Here are the steps for applications through the wireless system:
- Insert your eCard on the machine.
- Choose Loan Windows icon and select the kind of loan you want to apply for.
- Update your mobile number.
- Read the Application Agreement and touch the “Agree” icon if you agree with the terms and want to proceed with your loan application.
- Verify your application using the biometrics.
- Wait for the text message regarding the status of your loan application.
You may also visit – GSIS Retirement Benefits for Qualified Senior Members (LIST)