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Home » News » GSIS extends computer loan for work at home employees

GSIS extends computer loan for work at home employees

January 26, 2021 By Faust Principe

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GSIS computer loan

GSIS offers a computer loan to all qualified GSIS members working in the government both non-teaching and teaching personnel.

The computer loan program is also tailored for employees working at home while spending quality time for their families in times of the COVID-19 pandemic.

Computer Loan 4 easy steps to apply:

GSIS Computer Loan

Computer loan features the following:

  • Loan Amount: Thirty thousand pesos (Php 30,000.00)
  • Interest Rate: 6% (six percent per annum computed in advance)
  • Loan Terms: 36 (thirty-six) months
  • Effective Interest Rate: 11.6631%
  • Monthly Interest Rate: 0.9235%
  • Loan Redemption Insurance: 1.2% OF GROSS LOAN AMOUNT
  • Monthly Amortization: Nine Hundred Eighty Three 33/100 Pesos (Php 983.33)

To be eligible:

  • Has at least three (3) monthly premium contributions for both Personal Share and Gov’t Share;
  • Has no pending administrative case and/or criminal charges and is not on leave without pay;
  • Has no GSIS Financial Assistance Loan (GFAL) arrearages
  • Has no past due to GSIS loan/s, except housing loan
  • Is employed in an Agency which is not classified as “suspended”;
  • Can comply with the minimum net take-home pay requirement of Php5,000.00, or such amount as provided in the General Appropriations Act, after all, required monthly obligations have been deducted; and
  • Is a permanent employee.

Loan Availment:

  • Through the GSIS Wireless Automated Processing System (GWAPS) kiosks located in GSIS offices, selected government offices and malls (not yet available)
  • Over-the-counter (OTC) filing via Drop Box in any GSIS office through submission of a properly accomplished GCL application form.
  • (As agreed during the AAO meeting) To be filed by the AAO per batch with transmittal (NOTE:  We will not process the GCL without the original documents)
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AAOs are required to submit report on the purpose why the computer loan was availed – report template to follow later.

Requirements:

  1. Duly accomplished Application Form (Application Form Attached)
  2. Photocopy of UMID Card (front and back) or two (2) valid government-issued ID (with three specimen signatures).
  3. Duly filled out and Signed Tentative Computation

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Filed Under: News Tagged With: Computer Loan, COVID-19, GSIS Computer Loan, loans

About Faust Principe

Faust is the author and founder of GeekyFaust. You can follow him at facebook.com/geekyfaust don't forget to like and share!

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