Get GSIS Pension Loan Now: Quick and Easy Steps to Apply!

Are you a retired government employee who’s currently receiving a pension from GSIS? If so, you may want to explore the Enhanced Pension Loan offered by GSIS. This is an excellent option for old-age pensioners who may need financial assistance to cover unexpected expenses or meet other pressing needs. This loan offering is one of the many ways that GSIS supports its pensioners, providing them with a financial safety net during their retirement years.

Also read: How to Apply for SSS Pension Loan: Online and Manual Processes

With this loan, qualified GSIS pensioners can get the extra cash they need without any hassle. If you don’t have any outstanding service loans being paid under the Choice of Loan Amortization Schedule for Pensioners (CLASP) or the GSIS Program of Restructuring and Repayment of Debts (PRRD), now is the time for you to apply and enjoy the benefits of this loan. Let the GSIS enhance your financial security during your retirement years.

old aged

What are the Benefits of GSIS Pension Loan?

The GSIS Pension Loan offers several benefits to qualified old-age pensioners, making it a valuable financial resource during their retirement years.

  1. Financial Assistance: The loan provides immediate financial help to pensioners who may need funds for emergencies, medical expenses, or other necessities.
  2. Higher Loanable Amount: The GSIS has increased the maximum loanable amount under its enhanced pension loan program, providing pensioners with more substantial financial assistance when needed.
  3. Loan Redemption Insurance: GSIS provides a redemption insurance for the loan, which guarantees that the full amount of the outstanding balance will be covered in the event of the pensioner’s death. This reduces the financial burden on the family members.
  4. Extended Eligibility: The GSIS has removed the age cap, allowing more pensioners to avail of the loan.
  5. Flexible Repayment Terms: The repayment terms are structured to be manageable for pensioners, ensuring they can comfortably meet their repayment obligations.
  6. Digital Application: Pensioners can apply for the loan online, making the process convenient and accessible.

Remember, while the GSIS Pension Loan offers many benefits, it’s essential to borrow responsibly and ensure you can meet the repayment terms.

Who are the Qualified Borrowers?

The GSIS Pension Loan is specifically designed for regular old-age pensioners who meet the following qualifications:

  1. The borrower must be currently receiving a pension from GSIS for at least one month. This ensures that the individual is an active pensioner and has a steady income source to repay the loan.
  2. The borrower should not have any outstanding service loans being amortized under the Choice of Loan Amortization Schedule for Pensioners (CLASP) and/or the GSIS Program of Restructuring and Repayment of Debts (PRRD) at the time of application. This requirement ensures that the borrower doesn’t have significant existing debts that could affect their ability to repay the new loan.


The payment terms for the GSIS Pension Loan are set at 24 months, with an interest rate of 10% per annum. These terms offer a manageable repayment schedule and competitive interest rate, making the loan a viable financial solution for eligible pensioners. As always, it’s important for borrowers to carefully consider their ability to repay before taking out a loan.

How much can a Pensioner Borrow?

The GSIS Pension Loan allows pensioners to borrow up to six times their Basic Monthly Pension (BMP), capped at ₱500,000.00. However, after accounting for this loan and any existing Pensioners Emergency Loan, the remaining monthly pension must be at least 25% of the BMP. If the pensioner’s net monthly pension falls below this threshold after loan deductions, the total loan amount will be adjusted downwards to ensure the pensioner’s financial stability.

Also read: GSIS Offers Emergency Loan for Eligible Active Members and Pensioners: Step by Step Guide on How to Avail

What are the Requirements Needed to be eligible for a pension loan?

To apply for the GSIS Pension Loan, pensioners need to prepare the following requirements:

a. Completed Application Form

b. Identification

  • Pensioners need to present their UMID Card. In case the UMID Card is not available, any two government-issued identification cards bearing the photograph and signature of the pensioner will suffice.

Make sure to have these requirements ready before starting the application process to ensure a smooth and efficient experience.

Application Process: Step-by-Step Guide

Applying for the GSIS Pension Loan can be done through various methods.

Here are the steps for each:

a. Filing Through the GSIS Kiosk (GWAPS)

Step 1: Locate the nearest GWAPS Kiosk and initiate the application process.

Step 2: The GWAPS system will automatically assess your eligibility and provide a tentative loan computation.

Step 3: If you agree with the computation, confirm it biometrically.

Step 4: In case of biometric reading issues, a GSIS personnel will guide you for an over-the-counter (OTC) transaction.

Step 5: If you disagree with the computation, you can cancel the application directly.

b. Filing Over-The-Counter (OTC) Facility

Step 1: Gather all necessary requirements.

Step 2: Submit them to your local GSIS servicing branch.

c. Filing Enhanced Pension Loan Online

Step 1: Download and complete the application form from the GSIS website.

Step 2: Electronically submit the filled-out form along with required documents to the designated email address provided by GSIS for your area.

d. Filing Through eGSISmo

Step 1: Enroll in the eGSISmo service.

Step 2: Download and complete the application form from the GSIS website.

Step 3: Upload all the required documents.

Always check that all your information and documents are correct before submission to ensure a smooth application process.

Tips for a Convenient Loan Application

Applying for a loan can be a complex process, but with proper planning and preparation, it can be made more convenient.

Here are some tips:

  1. Understand the Terms: Before you apply for any loan, make sure you fully understand the terms and conditions, including interest rates, repayment schedule, and any possible penalties.
  2. Prepare Your Documents: Gather all necessary documents before starting the application process. This will speed up the process and reduce the chances of delays.
  3. Check Your Eligibility: Check the eligibility criteria before applying to ensure you meet all the requirements. This can save you time and effort.
  4. Plan Your Repayments: Make sure you can comfortably afford the repayments before taking out a loan. Create a budget plan if necessary.
  5. Use Online Services: If available, use online services for a faster and more convenient application process.
  6. Keep Track of Your Application: Keep a record of your application and follow up if necessary. This will help you stay informed about the status of your loan.
  7. Ask Questions: If anything is unclear, don’t hesitate to ask questions. It’s crucial to fully understand the loan agreement before committing to it.

By following these tips, you can ensure a smooth and hassle-free loan application process.

Frequently Asked Questions

1. How long does it take to process the GSIS Pension Loan?

A: The process will vary depending on how you process the loan:

  • If applied through the GWAPS kiosks, the loan will be processed electronically within the same day.
  • Over-the-counter applications will be processed within the day if submitted before 12 noon.
  • Applications received after 12 noon will be processed on the next working day.
  • Online applications and eGSISMO submissions will be processed within three working days upon receipt of complete requirements.

2. Where will the loan amount be deposited?

A: The loan proceeds will be credited to the pensioner’s eCard or UMID card account.

3. When is the first monthly amortization due and what about the subsequent ones?

A: The first monthly installment is due on the first day of the month following the loan approval. Subsequent payments will be due every 1st day of each month until the loan is fully paid off.

4. Is loan renewal possible?

A: Yes, a pensioner can renew his or her loan after 24 monthly installments have been deducted and if eligibility requirements are met. Renewal applications can be filed only in the month following the last repayment.

5. Can I cancel the Loan?

A: Yes, a pensioner can cancel the loan agreement within 30 calendar days from the date the loan was granted.


Attention GSIS pensioners! We’re excited to share that if you’ve been receiving your pension for a minimum of one month, you’re eligible for our enhanced pension loan. This loan is specifically tailored for those who have a clear record with no outstanding service loans under the CLASP and/or PRRD. It’s an opportunity not to be missed.

The application process for this loan is straightforward, designed to provide you with the financial support you need quickly and efficiently. This loan could be the perfect solution to meet your immediate financial needs. Don’t let this chance pass by – seize the day and apply for the enhanced pension loan today!

pensioners pension

Contact Information

Address: Leon Kilat St., Brgy. Kalubihan, Cebu City, 6000
For Provincial Calls: 1-800-8-847-4747 (for Globe subscribers)
or 1-800-10-8474747 (for Smart subscribers)

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Hi, I am Laika and I am a full-blooded Cebuana, born and raised in Toledo City, Cebu. A mother of 2 girls. I love spending time with my family, watching movies and exploring the beauty of nature. For collabs, email me at

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