Manila: The Government Service Insurance System (GSIS) on Thursday announced it has streamlined its Ginhawa Max buyout loan program, easing requirements and expanding access to affordable financial support for government employees.

According to Philippines News Agency, GSIS President and General Manager Wick Veloso highlighted that agencies are no longer required to sign a Memorandum of Agreement (MOA) for their personnel to access the loan. Instead, a Letter of Intent (LOI) will now suffice. Veloso stated, "We value feedback from our members and continue to improve our services to match their needs. Our priority is to extend timely financial support and affordable repayment options to more government workers."

The revamped Ginhawa Max loan program allows qualified members to borrow up to PHP5 million, or 19 times their basic monthly salary, whichever is lower, to pay off existing debts from other lenders. It offers repayment terms of up to 10 years with waived service fees and interest rates as low as 6 percent annually. Veloso added that the initiative aims to help public servants move toward financial security by providing relief from high-interest loans.

The improved program is part of the broader GSIS Ginhawa Series, which includes Ginhawa Flex and Ginhawa Lite, offering government workers a range of financial options. To qualify, applicants must have at least one posted premium payment in the last six months, no existing Multi-Purpose Loan (MPL) or defaulted GSIS financial assistance loans, no administrative or criminal case, and must meet the net take-home pay requirement under the General Appropriations Act.

Members can book appointments through the GSIS Touch mobile app and are advised to prepare their latest pay slip and documents related to the loans they intend to consolidate. For further information, GSIS members may visit the official website, follow GSIS on social media platforms, or call the Contact Center at 8847-4747.