GSIS Pension Loan Loanable Amounts based on Pensioner’s Age

Guide on GSIS Pension Loan Loanable Amounts & Other Details

GSIS PENSION LOAN LOANABLE AMOUNTS – Here is a guide on the borrowing amounts allowed under the offer based on the pensioner’s age.

In the Philippines, millions of Filipinos are members of the Government Service Insurance System or more popularly called GSIS. The member populace of the state-run social insurance institution is composed of individuals who have previously worked and those who are currently working in the government.

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Every month, the GSIS members submit a monthly contribution that is directly deducted from their salary and remitted by their employer to the state entity. It keeps their accounts active and updated which can further qualify them to the loans and benefits offered by the government institution.

GSIS Pension Loan Loanable Amounts
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The GSIS has several offers for its members. Aside from the GSIS Policy Loan,  the GSIS Enhanced Emergency Loan, and the GSIS Enhanced Conso-Loan Plus, the state-run social insurance institution also has the GSIS Pension Loan for qualified pensioners.

The said loan offer is open for the pensioners of the Republic Act No. 660, the Presidential Decree No. 1146, and the Republic Act No. 8291. To qualify, the member must have no outstanding service loans being amortized under the Choice of Loan Amortization Schedule for Pensioners (CLASP) at the time of filing.

With regards to the GSIS Pension Loan loanable amounts, it depends on Basic Monthly Pension (BMP) of the pensioner and his/her age.

  • 60-64 years old — Maximum of 6 times your BMP not exceeding Php100,000
  • 65-69 years old — Maximum of 4 times your BMP not exceeding Php60,000
  • 70 years old and above — Two times your BMP but limited to Php20,000

The GSIS pensioners are allowed to choose a loanable amount that is lower than their maximum limit. In case you failed to indicate the amount in your application, it will be construed as applying for the maximum loanable amount corresponding to your age range.

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