Branded under the Ginhawa name, the Multi-Purpose Loan (MPL) platform replaced the previous Consolidated Loan Program with faster processing and more flexible repayment terms.
Members can choose from Ginhawa Lite for emergency cash needs, Ginhawa Flex for recurring or livelihood expenses, and Ginhawa Max for refinancing high-interest private debts.
Interest rates range from 6 to 7 percent per year, with Ginhawa Max eliminating service fees to help borrowers cut costs.
“Nearly P1 trillion in disbursements reflect the real financial needs of government employees and their families,” said GSIS officer-in-charge Juliet Bautista.
—Edited by Miguel R. Camus
