MANILA (October 28, 2024) – The Government Service Insurance System (GSIS) launches the Multi-Purpose Loan (MPL) Lite program to help its members and pensioners quickly bridge or cover unexpected expenses and temporary budget gaps, the GSIS said.
The Multi-Purpose Loan (MPL) Lite is a ‘quick loan’ program open until October 24, 2025, tailored specifically to support members and pensioners, offering accessible financing that ranges from ₱5,000 to ₱50,000 with flexible repayment terms of six (6) to twenty-four (24) months.
The small loans are quick disbursing with competitive interest rates of 6% or 7% annually, based on years of service. It includes a one-time loan redemption insurance fully deducted upfront without fees for early repayment. MPL Lite is available in the GSIS Touch mobile app, which simplifies the application process anytime and from anywhere.
“As we reaffirm our commitment to deliver meaningful and significant products and services to our members, pensioners and stakeholders, the GSIS has developed this program to provide accessible and affordable financial solutions that aim to honor their contributions. With instant e-crediting, hassle-free way to access funds and streamlined application process, government workers have a safe and reliable financial option at their fingertips,” GSIS President and General Manager Wick Veloso said.
Applications are processed through the GSIS Touch mobile app, ensuring a seamless, paperless experience. Once approved, funds are credited within 1 to 2 banking days. Members with active MPL Flex accounts benefit from no service fees on MPL Lite loans.
If any member or pensioner requires assistance in using the GSIS Touch mobile app, the GSIS dedicated customer service is available to assist 24/7. Please call the GSIS Contact Center at 8847-4747 (Metro Manila) or 1-800-8-847-4747 (Globe and TM subscribers) or 1-800-10-847-4747 (Smart, Sun, and TNT subscribers).
For more information about the MPL Lite program and other GSIS’ product offerings, please visit the GSIS website at www.gsis.gov.ph, follow the GSIS Facebook page (@GSIS.PH), email [email protected] or contact the numbers provided.
