The Government Service Insurance System (GSIS) has so far released a total of P413.4 billion in loans covering 1.9 million approved applications under its Ginhawa Flex and Ginhawa Lite programs, the pension fund said on Wednesday.
GSIS President and General Manager Jose Arnulfo Veloso said the Ginhawa Flex loan, GSIS’s flagship multi-purpose loan program launched in September 2023, has reached P401.19 billion in loan releases, with 1.437 million loan applications as of June 23 this year.
This loan allows members to borrow up to P5 million or 14 times their monthly salary, payable up to 15 years, depending on their paid premiums.
Meanwhile, the Ginhawa Lite program, which caters to smaller, emergency needs, has so far disbursed P12.247 billion to 408,656 members since its launch in October 2024.
It offers loans from P5,000 to P50,000, payable in six to 24 months, with an interest rate of six to seven percent, the same rate as Ginhawa Flex.
“More than disbursements, these numbers represent real relief and support for public servants. Every reform we make, every service we improve, starts with listening to our members,” Veloso said.
Both loans are available via the GSIS Touch mobile app.
Veloso said 99 percent of GSIS transactions are now done online, powered by digital innovations such as the GSIS Touch mobile app, in-app facial recognition for pensioners, Digital GSIS ID and Digital Hubs at branch offices. These initiatives have dramatically reduced processing times and eliminated long lines.
GSIS also highlighted its housing programs, with more than 4,000 families securing homes through the Lease-With-Option-to-Buy Program and nearly 2,000 borrowers retaining their homes through the Housing Accounts Remedial and Condonation Program.
GSIS said it continues to expand insurance coverage, now protecting over 130,000 public school buildings under its National Indemnity Insurance Program.
In an event held in Parañaque on June 24, GSIS recognized government agencies that made the highest payments toward long-overdue social insurance premiums. The actual amount of these payments, however, were not disclosed.
Leading the list of top-paying agencies in the large category were Bangko Sentral ng Pilipinas, Supreme Court of the Philippines and DepEd Division of Taguig-Pateros (elementary level).
Among medium-sized agencies, the Development Bank of the Philippines-Main Office, Pag-IBIG Fund-Main Office and University of the Philippines Manila were recognized.
In the small agency category, GSIS also recognized the Tourism Infrastructure and Enterprise Zone Authority, DepEd Division of Pasay (High School Level), DepEd Division of Muntinlupa (High School Level) and Bases Conversion and Development Authority.
“These agencies stepped up and fulfilled their obligations, some of which date back more than a decade. That’s public service in action. By settling what’s due, they help protect the future benefits of their employees and strengthen trust in the system,” Veloso said.
