The Government Service Insurance System (GSIS) has announced the release of a total of PHP413.4 billion in loans, benefiting over 1.9 million approved applications under its flagship Ginhawa Flex and Ginhawa Lite loan programs.
GSIS President and General Manager Jose Arnulfo Veloso made the announcement during the Stakeholders Dialogue on Wednesday.
Launched in September 2023, the Ginhawa Flex multi-purpose loan program has disbursed PHP401.19 billion to 1,437,060 members as of June 23, 2025. Borrowers can take out loans of up to PHP5 million or 14 times their monthly salary, with repayment terms of up to 15 years, depending on their paid premiums.
Meanwhile, the Ginhawa Lite program, which caters to smaller, emergency needs, has released PHP12.247 billion to 408,656 members since its launch in October 2024. Loans under this program range from PHP5,000 to PHP50,000, with an interest rate of 6 to 7 percent and terms of six to 24 months.
“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 stated.
He also highlighted the streamlined Ginhawa Max Loan Buyout process, which now only requires a letter of intent from the agency head. This program offers loans of up to PHP5 million or 19 times the monthly salary, with no service fee and a repayment period of up to 10 years.
In addition to loan programs, GSIS housing initiatives have provided homes to over 4,000 families through the Lease-With-Option-to-Buy Program, while nearly 2,000 borrowers retained their residences through the Housing Accounts Remedial and Condonation Program. The agency has also expanded its insurance coverage to protect more than 130,000 public school buildings.
Veloso mentioned that GSIS is formulating a policy to allow members with multi-purpose (MPL) flex loans to also avail of MPL max loans. “We’re not just developing loan products — we’re listening to what government employees truly need,” he said.
As part of its commitment to sustainability, GSIS recognized agencies that paid overdue social insurance premiums dating back to 2007.
In the large agency category, top payers included the Bangko Sentral ng Pilipinas, Supreme Court, and DepEd Taguig-Pateros (Elementary). Among medium-sized agencies, the Development Bank of the Philippines (Main Office), Pag-IBIG Fund (Main Office), and the University of the Philippines Manila were recognized. For the small agency category, GSIS awarded 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.