GSIS Housing Loan

GSIS Housing Loan

A home to call your own represents not just the attainment of a personal goal; it is the fulfillment of an aspiration that started perhaps the first time you started working. The GSIS is here to help you reach your dreams of becoming a proud homeowner with various property acquisition programs.
GSIS Housing Loan

This is the innovative housing loan program that allows qualified members to borrow money to buy their dream homes at a flat and fixed rate of eight (8) percent per year.
Pre-owned Properties

Choose from a list of pre-owned properties all over the country. You may pay in cash or thru installment at a very low rate of six (6) per year. Open to GSIS members and non-members.
Housing Loan Condonation

Your GSIS housing loan should let you live your dreams, not give you problems. That’s why GSIS has a housing loan condonation program to ease your worries from arrearages and other loan repayment problems.

GSIS Cash Advance Loan

GSIS Cash Advance Loan

As the name suggests, the P10,000-Cash Advance Loan offers a substantial amount of P10,000 (less service charge) at reasonable terms that will come in handy for any member. If the availing member still has an outstanding balance from the old P5,000- Cash Advance Loan, it will be deducted from the proceeds of the new loan.

The loan bears an interest rate of 12 percent payable in three years.

Who can avail of the Cash Advance Loan?

To qualify for the P10,000-Cash Advance Loan, a member must have at least three correct premium for personal and government share within the last six months prior to application of the loan.
A member can avail of the P10,000-Cash Advance Loan only once.

How can members apply for the P10,000-Cash Advance Loan?

A member can apply for the P10,000-Cash Advance Loan using the GSIS Wireless Automated Processing System (G-W@PS) kiosk installed in all GSIS servicing offices and select government offices nationwide.

To apply for the P10,000-Cash Advance Loan using the kiosk, a member needs to first place his eCard Plus on the card reader of the kiosk. Then, he needs to place any of his pre-selected fingers on the fingerprint biometric scanner of the kiosk. Using the touch screen monitor of the G-W@PS, a member must select “cash advance” from the list of loans available on the loan menu and follow the simple instructions that will be displayed on the screen to complete the transaction.

GSIS Cash Advance Loan

GSIS Emergency Loan

GSIS Emergency Loan

The Emergency Loan bears an interest rate of eight percent per annum and payable in equal monthly installment for a term of three years.

If the member-applicant still has an outstanding emergency loan, this will be deducted from the proceeds of the new loan.

Who can avail of the Emergency Loan?

To qualify for the emergency loan, the member-applicant must be: a bona fide employee of the government office within the declared calamity area; be in active service and not on leave of absence without pay; has no pending criminal or administrative charges; has no arrearages in the payment of mandatory social insurance contributions; and has no loan that has been declared in default.

In addition, the agency of the member-applicant must not be suspended due to non-payment and non-remittance of premiums and loans.

For a calamity-hit area, it must be declared in a state of calamity by its Sangguniang Panlalawigan/Panglungsod and approved by the GSIS Board of Trustees before members working in government offices in the said area become eligible for the Emergency Loan.

How can members apply for the Emergency Loan?

Eligible members can avail of the Emergency Loan using their eCard Plus on any GSIS Wireless Automated Processing System (G-W@PS) kiosk installed in all GSIS servicing offices and in select government offices in different parts of the country.

To apply for the Emergency Loan using the kiosk, a member needs to first place his eCard Plus on the card reader of the kiosk. Then, he needs to place any of his pre-selected fingers on the fingerprint biometric scanner of the kiosk. Using the touch screen monitor of the G-W@PS, a member must select “emergency loan” from the list of loans available on the loan menu and follow the simple instructions that will be displayed on the screen to complete the transaction.

Eligible members can also apply for the Emergency Loan through over-the-counter (OTC) application to be filed in GSIS offices covering the abovementioned calamity-declared areas. To apply for the emergency loan via OTC, eligible members have to accomplish an application form.

A tentative computation of their loan proceeds and monthly amortization will also be shown to member-applicants when they apply via G-W@PS kiosk or OTC.

GSIS Emergency Loan

GSIS Consolidated Loans

GSIS Consolidated Loans

A member who has been in government service for at least 10 years can avail of a Conso-Loan equivalent to 10 months of their monthly salary. The minimum creditable years in service a member has to have to qualify is 20 months, with the Conso-Loan proceeds equivalent to three months of his monthly salary. The gross loan amount shall be a multiple of the basic monthly salary (BMS), depending on the member’s accumulated record of creditable service (RCS), to wit:
RCS

Maximum Loan Amount
Less than 20 months


None
20 months or more


3 BMS
40 months or more


4 BMS
5 years or more


7 BMS
10 years or more


10 BMS

Making life easier for availing members

The GSIS offers you with an “award system” when availing of the Conso-Loan.

The Conso-Loan is a consolidation of five different loan products into one—Salary Loan, Restructured Salary Loan, Enhanced Salary Loan, Emergency Loan Assistance, and Summer One-Month Salary Loan. By availing of the Conso-Loan, you automatically fully settle your obligations from these loans.

You likewise receive an automatic condonation from the outstanding penalties or surcharges incurred from the abovementioned loans.

Thus, the Conso-Loan provides you with the opportunity to restore your status as a member in good standing and lower your monthly amortization, especially if you are experiencing difficulty in paying your loans and have incurred arrears, penalties, and surcharges.

The privilege of having the penalties condoned can be enjoyed only during the first availment of the Conso-Loan.

The Conso-Loan is renewable as long as there are proceeds available. The loan is payable in six years. The loan will be charged a minimal rate of 12% based on diminishing balance.

Who can avail of the Conso-Loan?

1. Active members with no pending administrative or criminal case are qualified to apply for the loan, provided their agency remitted at least 3 correct monthly premium payments (both personal and government share) within the last 6 months prior to the filing of the application.
2. Must not be on leave of absence without pay.
3. Members’ net take-home pay should be sufficient to cover the regular monthly amortization.
4. Members from suspended agencies are not qualified to avail of the Conso-Loan.

How can members apply for a Conso-Loan?

Members with a GSIS eCard Plus can apply for the Conso-Loan via the GSIS Wireless Automated Processing System or G-W@PS kiosk placed in all GSIS servicing offices and select government agencies. Those still using the old eCard can apply for the loan, over-the-counter, in their servicing GSIS offices.

To apply for a Conso-Loan loan using the kiosk, members need to first place their eCard Plus on the card reader of the kiosk. Then, they need to place any of their pre-selected fingers on the fingerprint biometric scanner of the kiosk. Using the touch screen monitor of the G-W@PS, members must select “Consolidated Loan” from the list of loans available on the loan menu and follow the simple instructions that will be displayed on the screen to complete the transaction.

GSIS Survivorship Pension

GSIS Survivorship Pension

When a member or pensioner dies, his or her beneficiaries are entitled to cash and/or pension benefits, subject to the existing rules and regulations on survivorship and policies on the maximum amount of survivorship pension.

GSIS Burial Benefits

GSIS Burial Benefits

Beneficiaries are entitled to a P20,000 funeral benefit payable upon the death of a member or old age pensioner.

The requirements to avail of the burial benefit are:
1. NSO-certified copy of Death Certificate
2. NSO-certified copy of Marriage Contract
3. Affidavit of funeral expenses
4. Official receipt of funeral expenses with the name of the payee (if claimant is other than the spouse)
5. NSO-certified copy of payee's birth certificate (for non-GSIS members or non-GSIS eCard holders).

GSIS Employees Compensation

 GSIS Employees Compensation

The Employees' Compensation (EC) benefits or disability benefits is a compensation package for public and private sector employees and their dependents in the event of work-related injury, sickness, disability or death. The EC is a purely employer-based contribution benefit. Thus, the employee is not required to contribute any amount to the program. The employee compensation benefits are in the following options:

1. Cash income benefits for disability or death
2. Medical and related services for injury or sickness
3. Rehabilitation services ( in addition to monthly cash income benefit) for permanent disability

The benefits given to the employee or his beneficiaries are in the form of:

1. Daily cash income benefit for temporary total disability (TTD)
2. Monthly cash income benefit for permanent total disability (PTD) on a lifetime basis
3. Monthly cash income benefit for permanent partial disability (PPD)
4. Monthly cash income benefit for death, also on a lifetime basis, except for benefit paid to secondary beneficiaries, which is a monthly pension not to exceed 60 months but not less than fifteen thousand pesos
5. Medical services, appliances and supplies for injury or sickness
6. Rehabilitation services for permanent disability
7. Carer's allowance for permanent disability.

The Compensability Conditions are as follows:

1. Injury must be the result of accident arising out of and in the course of employment.
2. Sickness must be listed /considered an "occupational disease"; or even if not listed as one, it must be shown that the risk of contracting the sickness is increased by the working conditions.
3. Disability/Death is caused by work-connected injury or sickness

There are exceptions to Compensability or injury, sickness, disability or death. These exceptions are applicable when any of these is due to the employee's:

1. Intoxication or drunkenness
2. Willful intention to injure or kill himself or another
3. Notorious negligence
4. Not work-related

Here are the Occupational Diseases under PD626

1. Papilloma of the bladder
2. Cancer, epithellomatous or ulceration of the skin or of the corneal surface of the eye
3. Cataracts
4. Deafness
5. Decompression sickness, Caisson disease, and Aeroembolism
6. Dermatitis due to irritants and sensitizers
7. Infections, namely: Anthrax, Brucellosis, Glanders, Rabies, Tuberculosis, Tularemia, Weill's disease, Q Fever or equine encephalomyelitis, Mite dermatitis
8. Ionizing radiation disease, inflammation, ulceration or malignant disease of the skin or subcutaneous tissues of the bones or leukemia or anemia of the aplastic type due to X-rays, ionizing particles, radium or other radioactive substances, namely: Acute radiation syndrome: Chronic radiation syndrome and Glass blower's cataract
9. Poisoning
10. Pneumoconiosis
11. Diseases caused by abnormalities in temperature and humidity
12. Vascular disturbance in the upper extremities due to continuous vibration from pneumatic tools or power drills, riveting machines or hammers
13. Viral hepatitis
14. Poisoning by cadmium
15. Leukemia and lymphoma
16. Cancer of the stomach and other lymphatic and blood forming vessels, nasal cavities and sinuses
17. Cancer of the lungs, liver and brain
18. Cardio-vascular diseases
19. Cerebro-vascular accidents
20. Malaria and schistosomiasis
21. Pneumonia
22. Hernia
23. Bronchial asthma
24. Osteoarthritis
25. Viral encephalitis
26. Peptic ulcer
27. Pulmonary tuberculosis
28. Viral hepatitis
29. Essential hypertension
30. Asbestosis