Acasaet Said The One Time Condonation And Restructuring Program Covers Various Service Loans Like Salary News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - Inactive members of the Government Service Insurance System (GSIS) will have more time to settle their loans as the condonation program has been extended to June 30. GSIS president and general manager Rolando Macasaet announced on Tuesday that they will waive all penalties from outstanding principal loans. "We encourage our inactive GSIS members to apply for this program, which also gives them the option to pay their loan balances on a three-year installment basis at 10 percent interest per annum only," Macasaet said in a statement. Dubbed Program for Restructuring and Repayment of Debts (PRRD), Macasaet said the one-time condonation and restructuring program covers various service loans like salary loans, cash advances, consolidated loans, emergency loans, educational assistance loans, and policy loans. PRRD availees may settle their loans directly at GSIS offices or through partner payment facility Bayad Center. "If the borrower is a retiree who will receive t ....

Government Service Insurance System , Rolando Macasaet , Program For Restructuring , Bayad Center , Manila Inactive Members Of The Government Service Insurance System Gsis Will Have More Time To Settle Their Loans As Condonation Program Has Been Extended June 30 President And General Manager Rolando Macasaet Announced On Tuesday That They Waive All Penalties From Outstanding Principal Quot We Encourage Our Apply For This , Hich Also Gives Them The Option To Pay Their Loan Balances Ona Three Year Installment Basis At 10 Percent Interest Per Annum Only , Uot Macasaet Said Ina Statement Dubbed Program For Restructuring And Repayment Of Debts Prrd , Acasaet Said The One Time Condonation And Restructuring Program Covers Various Service Loans Like Salary , Cash Advances , Onsolidated Loans , Emergency Loans , Ducational Assistance Loans , Nd Policy Loans Prrd Availees May Settle Their Directly At Gsis Offices Or Through Partner Payment Facility Bayad Center Quot If The Borrower Isa Retiree Who Will Receive Pension Age 60 After Five Years , He Payment May Be Deducted From His Or Her Pension If The Loan Will Settled By Legal Spouse , E Or She May Have It Deducted Fromthesurvivorship Pension Pay Through The Almost 3 , 000 Bayad Partner Outlets Nationwide , Uot Macasaet Added He Said The Gsis Intends To Recover And Collect Outstanding Loan Accounts Through Prrd Ensure Members Will Continue Receive Their Benefits Pna ,