GOVERNMENT workers trapped in a cycle of high-interest loans can now break free, thanks to the Government Service Insurance System’s (GSIS) enhanced Ginhawa Max Loan Buyout program. This initiative provides much-needed relief—completely buying out expensive loans so borrowers can start fresh with lower interest rates and more manageable payment terms under GSIS.

The Ginhawa Max Loan Buyout empowers qualified government employees to settle debts with predatory lenders. Borrowers can now consolidate and buy out their existing high-interest loans through GSIS, enjoying interest rates as low as six percent per year. Members may borrow up to ₱5 million or 19 times their monthly salary, whichever is lower, and benefit from repayment periods up to 10 years with no service fees. Ginhawa Max Loan Buyout provides a real path toward financial stability and away from the clutches of bloodsucking lenders.

“We want to help public servants break free from the bondage of indebtedness and take confident steps toward financial security,” said GSIS President and General Manager Wick Veloso. “Our priority is to extend timely financial support and affordable repayment options to more government workers.”

To make this lifeline more accessible, GSIS now requires only a Letter of Intent (LOI) from agency heads or designated representatives for their personnel to apply, responding directly to feedback from its members. The previous need for a Memorandum of Agreement (MOA) has been replaced by the LOI, removing yet another hurdle for those seeking relief.

“These enhancements underscore our commitment to provide flexible financial choices to our members,” Veloso added, noting that the Ginhawa Max Loan Buyout is part of the GSIS Ginhawa Series, which also includes Ginhawa Flex and Ginhawa Lite.

How to Apply

Government employees may schedule appointments via the GSIS Touch mobile app, preparing their latest payslip and documents for loans they wish to buy out or consolidate. Applicants must have at least one posted premium payment in the last six months, no existing MPL or defaulted GSIS Financial Assistance Loans, no administrative or criminal cases, and must meet the net take-home pay requirement under the General Appropriations Act.

For more information, members and pensioners may visit the GSIS website, follow GSIS on Facebook, Instagram, and TikTok, or call the GSIS Contact Center at 8847-4747.