More than 1.1 million government employees have borrowed P942.43 billion from the Government Service Insurance System (GSIS) since 2020, benefiting from streamlined processes and competitive rates under the Multi-Purpose Loan (MPL) programs, now branded as Ginhawa loans.
The GSIS launched the MPL in 2020 to replace the Consolidated Loan Program with faster processing and better terms. The five-year total now approaches P1 trillion, reflecting strong member demand for affordable credit options that support family emergencies, educational expenses, and business opportunities.
Three loan types address different member needs: Ginhawa Lite offers quick cash advances, Ginhawa Flex supports recurring expenses such as tuition, medical bills, or business capital, and Ginhawa Max helps members transfer high-interest private debts to the GSIS.
Interest rates range from 6% to 7% annually with flexible repayment terms. Ginhawa Max eliminates service fees entirely, saving members hundreds or thousands compared to commercial lenders.
“Nearly P1 trillion in disbursements reflect the real financial needs of government employees and their families,” said GSIS Officer-in-Charge Juliet Bautista.
For Nemen San Jose, a municipal councilor at Teresa, Rizal, the Ginhawa Flex loan helped expand his livelihood. “Dahil sa MPL Flex, nakabili ako ng isang lote na ginawa kong babuyan na ngayon ay may 27 nang baboy. Nakabili rin ako ng isang sasakyan para sa aking car rental business. Doon ko na kinukuha ang baon at gastusin ng mga anak ko, ” he said. “Maganda ang MPL Flex dahil six percent per annum lang ang interest. Yung mga nautangan na ibang lenders, umaabot nang 60% per annum. Malaki po ang diprensiya,” he added.
In Bukidnon, public school teacher Veverlie Padernal turned to the Ginhawa Flex loan after her husband, a farmer, was hit by a truck and could no longer work. “Nabundol siya ng truck. Hindi na siya makapagtanim, madalas sumakit ang ulo niya,” she shared. Through the loan, she was able to build their home and start a motorcycle parts business, giving her family a stable source of income and peace of mind.
The Ginhawa loan programs demonstrate GSIS’s commitment to continue providing government employees with affordable credit and member-friendly terms when they need it, strengthening their financial stability.
