The Government Service Insurance System (GSIS) recently launched Ginhawa Go, a unified loan program designed to provide flexible and inclusive access to immediate and short- to medium-term cash assistance.
Ginhawa Go is positioned as a “loan on the go,” a quick and convenient facility that members can apply for when they need fast cash using their mobile phones through the GSIS Touch mobile application.
GSIS President and General Manager Wick Veloso said the program was developed to address gaps in access to short-term and transitional credit among government workers, providing a safer alternative to high-interest loans that can trap borrowers in cycles of debt.
“With an interest rate of 6 percent, Ginhawa Go offers the lowest borrowing cost available. It provides members with a safer bridge when members need it most, a loan on the go,” Veloso said.
Under Ginhawa Go, members may avail of loan amounts starting at ₱1,000, ₱2,000, ₱3,000, or ₱4,000, payable within 30, 60, or 90 days. For higher loan needs, members may borrow ₱5,000 up to ₱50,000, with repayment periods of 3, 6, 12, 18, or 24 months, allowing borrowers to match loan terms with their capacity to pay.
“This program is a recognition that our members need quick and immediate access to credit to manage their finances. Ginhawa Go is GSIS’s answer to this need by promoting a financial product suited to its members,” said GSIS Chairman Rodney Del Rosario Jr. during the launch.
Department of Finance Secretary Frederick Go, in his keynote speech, expressed his appreciation to the GSIS leadership and everyone who worked diligently to bring the program to fruition.
Addressing government employees, he said, “This program was designed for you. Use it wisely and responsibly, and let it be a tool for stability, dignity, and peace of mind.”
Loan proceeds are ecredited to the member’s account upon approval by the Agency Authorized Officer (AAO), ensuring timely financial support. The program is also covered by a Loan Redemption Insurance (LRI) ensuring that any remaining balance is paid off if the borrower passes away, sparing the family from financial burden.
Interest under the program is set at 6 percent per annum for regular members with at least three years of paid premium contributions, while special members are covered at 7 percent per annum.
The loan is open to members with at least one month of paid premium contributions and is available exclusively through the GSIS Touch mobile application.
GSIS said the program is expected to benefit newly hired employees, low-income earners, and members with limited borrowing history whose needs are not fully addressed by traditional loan products with longer repayment periods.
