The Government Service Insurance System (GSIS) has introduced a new micro-loan program designed to give government workers quick and flexible access to cash for short- and medium-term needs.
Called “Ginhawa Go,” the program lets eligible GSIS members borrow smaller amounts starting from ₱1,000 up to ₱4,000, which can be repaid in 30, 60, or 90 days. Members who need more can borrow between ₱5,000 and ₱50,000 with longer repayment terms of up to 24 months, helping borrowers choose a schedule that fits their budget.
To qualify, members must have at least one month of paid premium contributions, and all applications are made through the GSIS Touch mobile app. Approved loan amounts are deposited directly into the member’s account soon after authorization.
Interest rates are set at 6% per year for regular members with at least three years of contributions and 7% for special members. The loans include Loan Redemption Insurance, which ensures that outstanding balances are covered in the event of the borrower’s death, reducing financial burden on families.
GSIS says the initiative aims to help newly hired workers, low-income earners, and members who might not qualify for traditional loans, offering them a faster and more affordable borrowing option.
