Check Here the GSIS Multi-Purpose Loan Flex vs Lite Offers for Members
GSIS MULTI-PURPOSE LOAN FLEX versus LITE – You can check here the features and the requirements in applying for these loan offers.
Are you one of the members of the Government Service Insurance System or more popularly called GSIS? If you are or you are about to apply for a membership, it is best to check on the growing loan offers of the state-run entity.
The Government Service Insurance System is in the service of the Filipino people for decades now. The GSIS was founded in 1936 and it has several benefit and loan offers for its members. It aims to widen the financial solutions and resources for the members with updated accounts.
One of the big advantages in being a member of the Government Service Insurance System with an updated account is that you can turn to the state entity’s loan offers in times of financial needs. Aside from the GSIS Emergency Loan offer, the social insurance giant also has multi-purpose cash loans.
Among the cash loan offers of the social insurance entity are the GSIS Multi-Purpose Loan Flex and the GSIS MPL Lite. One of the main difference between the loan offers is that the MPL Flex consolidates the existing loans of the members while the MPL Lite is a short-term cash loan offer.
Here are the features of the GSIS Multi-Purpose Loan Flex and the MPL Lite:
Who Are Qualified?
| GSIS Multi-Purpose Loan Flex | GSIS MPL Lite |
| with at least one (1) month premium contributions posted for both Personal Share and Government Share at the time of application | with at least one (1) month premium contributions posted for both Personal Share and Government Share at the time of application |
| has no pending administrative case and/or criminal case | no pending administrative case and/or criminal case |
| agency status is not “Suspended” | agency status is not “Suspended” |
| resulting net take-home pay after loan availment is not lower than the amount required under the General Appropriations Act, after all required monthly obligations have been deducted | resulting net take-home pay after loan availment is not lower than the amount required under the General Appropriations Act, after all required monthly obligations have been deducted |
| not on a leave of absence without pay at the time of the loan application | not on a leave of absence without pay at the time of the loan application |
| no GFAL account in default | no GFAL account in default except housing loan |
How Much You May Borrow?
| GSIS Multi-Purpose Loan Flex | GSIS MPL Lite |
| 1x Basic Month Basic Salary Equivalent up to 14x Basic Monthly Salary Equivalent | Php 20,000 to Php 50,000 |
Loan Terms
| GSIS MPL Flex | GSIS MPL Lite |
| from 1 year up to 15 years | within 6, 12, 18, or 24 months |
How To Apply?
| GSIS Multi-Purpose Loan Flex | GSIS MPL Lite |
| via GSIS Touch mobile app | via GSIS Touch mobile app |
| via GWAPS Kiosk | |
| Over-the-Counter |
The GSIS has several loan offers. Aside from the GSIS Multi-Purpose Loan Flex and Lite offers, the social insurance entity also has the GSIS Calamity Loan offer.