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GSIS launches loan condonation, restructuring malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
MANILA - The Government Service Insurance System (GSIS) will open on April 23 the Multi-Purpose Loan (MPL) Plus program that offers a credit limit of PHP5 million. It also extended the maximum payment term to 10 years and relaxed the borrowers' eligibility requirements. "We enhanced the MPL program based on the feedback from members in the previous MPL so we can offer a loan program that will best suit their needs. Sa MPL Plus, umaasa ang GSIS na mas marami pa tayong miyembrong matutulungan," president and General Manager (PGM) Rolando Ledesma Macasaet said in a statement on Monday. Under MPL Plus, the credit limit has been raised to PHP5 million from PHP3 million. The actual amount will depend on the borrowers' paid premiums and monthly salary. The uniform interest rate of 7 percent computed in advance will be applied to all borrowers. In the previous MPL, members with less than three years of paid premiums were charged 8 percent interest, while those with at least t ....
P65B in multi-purpose loans granted by GSIS mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.