Government workers burdened by high-interest loans now have a powerful tool to regain financial freedom, thanks to the Government Service Insurance System’s (GSIS) improved Ginhawa Max Loan Buyout program. This enhanced initiative fully buys out expensive loans from predatory lenders and replaces them with lower interest rates and friendlier payment terms under GSIS.
The Ginhawa Max Loan Buyout program allows eligible government employees to consolidate and pay off existing high-interest debts with new GSIS loans at interest rates as low as 6% per annum. Qualified members may borrow up to ₱5 million or 19 times their monthly salary, whichever is lower, and repay over up to 10 years, with no service fees.
“We want to help public servants break free from the bondage of indebtedness and take confident steps toward financial security,” said Wick Veloso, GSIS President and General Manager. “Our priority is to extend timely financial support and affordable repayment options to more government workers.”
As part of its commitment to responsive service, GSIS has simplified the application process. Government agencies are now only required to submit a Letter of Intent (LOI)—replacing the previously required Memorandum of Agreement (MOA)—to endorse their employees’ participation in the program. This change directly addresses feedback from GSIS members and makes the loan buyout process more accessible.
“These enhancements underscore our commitment to provide flexible financial choices to our members,” Veloso added. “The Ginhawa Max Loan Buyout is a key pillar of our Ginhawa Series, which also includes Ginhawa Flex and Ginhawa Lite.”
How to Apply
Eligible government employees can schedule an appointment through the GSIS Touch mobile app. Applicants should prepare their latest payslip and documents related to the loans they wish to buy out or consolidate. Requirements include:
- At least one posted premium payment within the last six months
- No existing Multi-Purpose Loan (MPL) or defaulted GSIS Financial Assistance Loan
- No pending administrative or criminal cases
- Compliance with the net take-home pay rule under the General Appropriations Act
With the improved Ginhawa Max Loan Buyout, GSIS continues to uphold its mission of empowering public servants with dignified, dependable financial solutions.
