Guide on GSIS Enhanced Conso-Loan Plus Loanable Amount
GSIS ENHANCED CONSO-LOAN PLUS – Do you have a 20-month savings with the Government Service Insurance System? You can check the loanable amounts below.
Millions of Pinoys are members of the GSIS or the Government Service Insurance System. This happens because a lot of people are working in the government or the public sector which mandates the membership to the state-run social insurance institution for the employees’ benefits. Others have previously worked in the said field.
For members of the GSIS, there are benefits and loans that you can turn to in times of financial needs. To maintain your qualification to these offers, it is important to keep your account active and updated.
To keep an active and up-to-date account, it is important to post monthly contributions regularly. It is also called monthly savings or premiums and it comes with different rates.
If you have an updated account to GSIS, one of the loan offers that you may qualify for is the GSIS Enhanced Conso-Loan Plus. It is also sometimes referred to as the cash loan and it allows members to consolidate their existing loans into a single loan. It is open for those who have made at least 20 monthly contributions. The loans eligible for consolidation include the following options:
- Salary Loan
- Restructured Salary Loan
- Enhanced Salary Loan
- Emergency Loan Assistance
- Summer One-Month Salary Loan
This loan offer is open for GSIS members who have posted at least 25 monthly contributions in their accounts. One of the benefits under this loan offer aside from it saves you from multiple interest rates, it also waives the penalties and surcharges of your existing loans.
Under the GSIS Enhanced Conso-Loan Plus, members who have a 20-month savings may borrow an equivalent of three (3) months of their Basic Monthly Salary (BMS).
Aside from this loan offer, GSIS also offers a calamity loan offer for members in times of crisis due to natural disasters. You may visit – GSIS Calamity Loan: Here’s How To Apply & the Application Requirements.
