GSIS Educational Loan Online Application | GSIS LOAN

GSIS Educational Loan is a New “Study Now, Pay Later” Program intended for Children and or relaives of GSIS Members who are Currently Pursuing a College Degree.

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QUALIFIED BORROWERS:

Member who are Active:

  • At least 15 years length of service
  • Has paid the latest three (3) monthly premium contributions for both Personal Share and Government Share at the time of application;
  • Is not on leave of absence without pay at the time of application;
  • Has no pending administrative and/or criminal case at the time of application;
  • Has no past due GSIS loan/s, including housing loan;
  • Agency status is not “suspended”; and
  • Has met the net take home pay (NTHP) Requirements required Under the General Appropriations Act.

Note: Read this Post to the end carefully to get to know about The Application Process, Eligibility, Scholarship Program Requirements and Application Form.

Also Read – DSWD Online Registration For Educational Assistance

Amount to Be Loanable:

The maximum loanable amount is ₱100, 000.00 for each School Year or a maximum of ₱500, 000.00 for a five-year college degree.

QUALIFIED STUDENT : – Benefits

Qualified borrowers may nominate up to two (2) student-beneficiaries.

  • Must be a Filipino citizen and resident of the Philippines;
  • Must be related to the borrower up to the 3rd degree of consanguinity or affinity
  • Must be enrolled in an undergraduate course with maximum study period of five (5) years; and
  • Must agree to act as Co-Maker on the loan upon reaching the legal age and in doing so, binds him/herself to the terms and conditions of the loan.

PAYMENT TERMS listed below:

  • The loan term is 10 years,
  • with a maximum grace period of five (5) years.
  • This means loan repayment period shall only begin on the sixth (6th) year of the loan.
  • The interest rate is 8% per annum.

Also Apply – DSWD Educational Assistance

REQUIREMENTS FOR APPLICATION Process:

  • (Annex A) properly filled out by borrower and co-maker (if applicable) and duly endorse by the Authorized Agency Office (AAO).
  • Photocopy of the latest Tuition Assessment Form (Original to be presented).
  • Photocopy of School ID (front and back) with 3 signatures of the student affixed on the same page. In case the school ID is not available, any valid IDs showing the date of birth, picture and signature of the student.

The same requirements shall apply in case there’s a 2nd student beneficiary, which shall be considered as a separated loan application of the borrower under this program.

STEP BY STEP PROCEDURE ON HOW TO APPLY GSIS Loan:

STEP : 1

  • Via eGSISMO
  • Login to your eGSISMO account (BP number and PW)
  • Click Loans Application icon and choose (GFAL-EL), Loan Type (New or Renewal).
  • Upload a Picture of Member holding UMID / Temporary CARD or 2 Valid Government IDs if UMID / Temporary CARD is lost (as JPEG or PDF File); Photocopy of the latest tuition assessment form ; and photocopy of school ID (front and back) with 3 signatures of the student-beneficiary on the same page
  • Confirm Loan Agreement and click SAVE
  • Await email confirmation from GSIS for tentative loan computation and loan counselling session via video conference
  • Submit original copy of documents previously submitted through eGSISMO

Also Read – List of Government Scholarship in the Philippines 

STEP – 2

Via Email

  1. Fill out the Educational Loan  and GSIS UMID Card
  2. Save the Application Form as JPEG or PDF File and scan the UMID Card
  3. Email the following documents to your GSIS handling branch (link list here)
    1. Accomplished/ endorsed application form for GFAL-Educational Loan
    2. Photocopy of the latest tuition assessment form
    3. Photocopy of school ID (front and back) with 3 signatures of the student-beneficiary on the same page

4. Await for email confirmation from GSIS for tentative loan computation and loan counselling session via video conference
5. Submit original copy of documents previously submitted through email

STEP : – 3

Via Dropbox

  1. Fill out the Educational Loan  and GSIS UMID Card
  2. Print the Application Form, photocopy your UMID Card, original copy of the latest tuition assessment form, and photocopy of school ID (front and back) with 3 signature of student-beneficiary on the same page
  3. Secure the documents in a brown envelope and properly label it with the following information:
    NAME
    TYPE OF LOAN
    GSIS HANDLING BRANCH
  4. Drop off the envelope in the GSIS Handling Branch’s DROP BOX
  5. Await email confirmation from GSIS for tentative loan computation and loan counselling session via video conference

People Also Ask:

How to Apply GSIS Educational Loan?
Click the Application Form link in the above post and Submit Accordingly

is GSIS Educational Loan Open to Apply?
Yes GSIS Educational Loan is now Open to Apply For Students who are interested.

What is the Loan Amount Given by GSIS?
The maximum loanable amount is ₱100, 000.00 for each School Year or a maximum of ₱500, 000.00 for a five-year college degree.

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