Computer Loan Program ng GSIS hanggang June 30, 2022



 State pension fund Government Service Insurance System (GSIS) is reopening the Ginhawa for All (GFAL) Computer Loan until June 30, 2022.

The GFAL Computer Loan is a loan window that grants a P30,000-assistance to GSIS members for the purchase of a computer unit for their work-from-home arrangement or their children’s virtual classes. Under the program, GSIS members may borrow P30,000, payable in three years 6% interest per annum. Members may apply for it online.

Qualified to apply for the loan are active members with permanent appointments who have at least three monthly premium contributions for both personal and government shares; employed in an agency which is not classified as “suspended;” have no pending administrative or criminal case; and are not on leave of absence without pay.

In addition, they should have no GSIS Financial Assistance Loan arrearages; no past due GSIS loan (except housing loan); and have a minimum net take-home pay requirement as provided in the General Appropriations Act after all required monthly obligations have been deducted.

The proceeds of the loan will be credited to the borrower’s GSIS eCard or Unified Multipurpose Identification (UMID) card.

The agency authorized officer will approve the loan and submit a monthly feedback report to GSIS to ensure that the loan has actually been used for the purchase of a computer.

Under the GFAL Computer Loan program, GSIS disbursed over P6.9 billion in gross proceeds in 2021, benefitting 230,205 borrowers.

SOURCE: GSIS

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