The Government Service Insurance System (GSIS) has released a total of P413.4 billion in loans, benefiting over 1.9 million approved applications under its flagship Ginhawa Flex and Ginhawa Lite loan programs.

GSIS President and General Manager June Arnulfo Veloso made the announcement during the Stakeholders Dialogue on Wednesday.

Launched in September 2023, the Ginhawa Flex multi-purpose loan has released P401.19 billion to 1,437,060 members as of June 23, 2025.

Borrowers can take out loans of up to P5 million or 14 times their monthly salary. The loan is payable for up to 15 years, depending on their paid premiums.

Meanwhile, the Ginhawa Lite program, which caters to smaller, emergency needs, has so far disbursed P12.247 billion to 408,656 members since its launch in October 2024.

Loans range from P5,000 to P50,000, with a 6 to 7-percent interest rate and terms of six to 24 months.

“More than disbursements, these numbers represent real relief and support for public servants. Every reform we make, every service we improve, starts with listening to our members,” Veloso said.

Veloso also highlighted the streamlined Ginhawa Max Loan Buyout process, which now only requires a letter of intent from the agency head.

It offers up to P5 million in loans or 19 times the monthly salary, with no service fee and up to 10-year repayment.

GSIS housing initiatives have provided homes to over 4,000 families through the Lease-With-Option-to-Buy Program while nearly 2,000 borrowers retained their residences through the Housing Accounts Remedial and Condonation Program.

Also, the agency expanded its insurance coverage to protect more than 130,000 public school buildings.

Veloso said GSIS is formulating a policy to allow members with multi-purpose (MPL) flex loans could avail of MPL max as well.

“How they can be used at the same time because they are adding another loan to their current loan. We’re not just developing loan products —we’re listening to what government employees truly need,” he said.

GSIS PHOTO