The Government Service Insurance System (GSIS) said it launched the Multi-Purpose Loan (MPL) Lite program to help its members and pensioners quickly bridge or cover unexpected expenses and temporary budget gaps.
It said MPL Lite is a ‘quick loan’ program open until Oct. 24, 2025, tailored specifically to support members and pensioners, offering accessible financing that ranges from P5,000 to P50,000 with flexible repayment terms of six to 24 months.
The small loans are quick disbursing with competitive interest rates of 6 percent or 7 percent annually, based on years of service.
It includes a one-time loan redemption insurance fully deducted upfront without fees for early repayment. MPL Lite is available in the GSIS Touch mobile app, which simplifies the application process anytime and from anywhere.
“As we reaffirm our commitment to deliver meaningful and significant products and services to our members, pensioners and stakeholders, the GSIS has developed this program to provide accessible and affordable financial solutions that aim to honor their contributions. With instant e-crediting, hassle-free way to access funds and streamlined application process, government workers have a safe and reliable financial option at their fingertips,” said GSIS president and general-manager Jose Arnulfo Veloso.
Applications are processed through the GSIS Touch mobile app, ensuring a seamless, paperless experience. Once approved, funds are credited within one to two banking days. Members with active MPL Flex accounts benefit from no service fees on MPL Lite loans.
