GSIS extends computer loan for work at home employees

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 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)

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