The Government Service Insurance System (GSIS) has allocated more than ₱19 billion to cover the loan refunds for some 1.37 million members and pensioners with active loan accounts under its Balik Ginhawa (Loan Moratorium Through Refund) program.
The program covers loan payments made from December 2025 to February 2026. Refund amounts will vary depending on how many payments borrowers made during this period.
Based on GSIS data, monthly loan amortizations range from ₱4,000 to ₱39,000, depending on the loan amount, equivalent to roughly ₱12,000 to ₱117,000 over three months.
Unlike a traditional moratorium, GSIS will continue loan deductions but will refund up to three months of amortizations in a single lump sum.
According to GSIS president and general manager Jose Arnulfo ‘Wick’ Veloso, the initiative is meant to deliver immediate and meaningful financial relief for its members.
“This is a more responsive approach than a traditional moratorium. Instead of suspending payments, we are returning up to three months of amortizations in one lump sum, giving our members immediate support when they need it most,” Veloso pointed out.
Only members and pensioners who made loan payments during the covered period are eligible. Those without payments during these months will not qualify for a refund.