The state pension fund on Monday introduced the Ginhawa Bike and E-Mobility Loan (GBEL), which offers accessible financing for government employees seeking to reduce daily transportation costs.
Loan program
Under the GBEL, qualified members can borrow up to 100 percent of the cost of a unit, subject to a maximum of P300,000, payable over 36 months.
The loan carries a 5 percent annual interest rate and does not charge a service fee upon approval.
Applications are processed online through the GSIS Touch mobile application.
GSIS President and General Manager Wick Veloso said the initiative aims to provide practical support for members facing rising transport expenses.
“This program will give our members a practical option to manage their daily transportation expenses. We want our members to be able to move through their communities without that financial weight,” Veloso said.
Mobility options
The loan covers brand-new bicycles and a range of electric mobility devices, including e-bikes, e-scooters, e-mopeds, cargo e-bikes, and folding e-bikes.
Broader push
GBEL forms part of the Marcos administration’s broader effort to improve everyday mobility and affordability under the Unified Package for Livelihood, Industry, Food, and Transport (UPLIFT).
It follows the earlier rollout of the Ginhawa Solar Energy Loan, which helps members reduce household electricity costs, extending GSIS support from energy to transportation. —Ed: Corrie S. Narisma
