List of Requirements for GSIS Multi-Purpose Loan Application Process
REQUIREMENTS FOR GSIS MULTI-PURPOSE LOAN 2024 – You can check here the documents required in applying for the Government Service Insurance System loan offer.
Have you heard about the Multi-Purpose Loan offer of the Government Service Insurance System? It is a cash loan offer that can combine the member-borrower’s existing loans into a single loan and provide extra funds to the borrowers.
The Government Service Insurance System is one of the giants in the Philippines in term of social insurance. Through the years, it continues to grow its offers. Aside from the GSIS Emergency Loan that was recently activated for the victims of severe tropical storm Kristine, the state-run social insurance entity also has a Multi-Purpose Loan offer.
Under the GSIS Multi-Purpose Loan, up to 14x of the basic monthly salary of the member-borrower may be borrowed. The social insurance giant set the interest rate at 7-8% depending on the Period with Paid Premiums or PPP of the member-borrower.
With regards to the requirements for the GSIS Multi-Purpose Loan application, it depends on whether the member-borrower will file the loan application through the eGSISMO, email, or GWAPS Kiosk. The application process also varies.
Here is a guide on the requirements for GSIS Multi-Purpose Loan application and the process:
via eGSISMO
Requirements:
- completed and signed MPL Application Form
- photocopy of the eCard or UMID eCard
How To Apply
- Open your eGSISMO app and login to your account using your BP number and password
- Tap/Click Loans Application icon and pick (Multi-purpose Loan), Loan Type (New or Renewal)
- Upload a Picture of Member holding UMID / Temporary CARD or 2 Valid Government IDs if UMID / Temporary CARD is lost (as JPEG or PDF File)
- Confirm Loan Agreement and tap/click SAVE
- Wait for the email confirmation from the Government Service Insurance System (GSIS) for tentative loan computation
via GWAPS Kiosk
Requirements:
- completed and signed MPL Application Form
- clear picture of the borrower holding his GSIS UMID eCard (or temporary eCard)
- if GSIS UMID eCard or temporary eCard is not available, present 2 valid IDs instead and do the following:
How To Apply
- Visit a GWAPS kiosk nearest you
- Put your eCard Plus/UMID in the G-W@PS kiosk card reader. Place your finger in the biometrics scanner. Once recognized, personal data will be displayed
- Pick Loan Windows icon and tap/click on Multipurpose Loan. The screen will display the tentative computation of your preferred loan. You may change the loan amount and/or payment term
- Confirm your loan application by placing the selected finger on the biometrics scanner
- Wait for the email or SMS from GSIS regarding the approval of your loan application
via Email
Requirements:
- completed and signed MPL Application Form
- clear picture of the borrower holding his GSIS UMID eCard (or temporary eCard)
- if GSIS UMID eCard or temporary eCard is not available, present 2 valid IDs instead and do the following:
How To Apply
- Take a clear photo of the 2 valid IDs (front and back)
- Take a clear photo of the borrower holding the 2 valid ID cards
- Save the Application Form and photos as JPEG or PDF File
- Email the documents to your GSIS handling branch
- Await email confirmation from GSIS for tentative loan computation
Aside from the loan offers, the Government Service Insurance System also has several GSIS benefits that members may avail in different situations.