State pension fund Government Service Insurance System (GSIS) is offering a housing loan and restructuring program for housing loan borrowers and installment sale for buyers of its retail housing units.
The two new programs aim to assist the national government’s housing efforts and provide ginhawang bahay, ginhawang buhay to every Filipino.
“Kung may hinuhulugan kang bahay sa GSIS at nabibigatan ka sa amortization, pwede nating i-restructure ang payment mo na may kasamang condonation ng penalties and surcharges at huhulugan hanggang sampung taon para mas lumiit ang amortization. Kung gusto mong bayaran ng buo, tatanggalin natin lahat ng unpaid penalties and surcharges at bibigyan ka namin ng 50% discount sa interest. Pwede mo ring i-settle lang muna ang arrears mo, para ma-update ang account mo kahit pa mahigit sa anim na buwan nang walang hulog kung ikaw ay may remaining term pa,” GSIS President and General Manager Wick Veloso said.
“Ang installment sale naman ay available sa GSIS members na gustong bumili ng bahay sa ilalim ng programang Lease with Option to Buy o kaya sa public bidding. Ang installment ay maaaring bayaran hanggang 25 years. Kung condominium, ang term ay hanggang 20 years at kung bakanteng lote, 15 years to pay,” Veloso added.
Qualified to avail of the installment sale program are active GSIS members who have paid at least three years of paid premiums; are not on leave of absence without pay at the time of application; have updated premium and loan payments; have no pending administrative or criminal case; and have no active housing loan account with GSIS.
In addition, buyers under installment sale must not be under agencies tagged as suspended; have net take-home pay not lower than the amount required under the General Appropriations Act after all monthly obligations have been deducted; and not be older than 65 years old at the time of maturity of the obligation.
Last year, the pension fund opened the Lease with Option to Buy program. Under the program, informal occupants of GSIS housing units are given priority to lease the property to provide them the chance to legalize their stay, and ultimately buy the property. Unoccupied GSIS properties for lease are also open to non-members under the program.
The list of GSIS properties for sale and lease under the Lease with Option to Buy may be viewed in the GSIS website, www.gsis.gov.ph.
For inquiries on the restructuring and condonation of GSIS housing accounts, interested parties may email the Housing Accounts Reconciliation Department at hard@gsis.gov.ph or call 7976-4900 local 3361 and 3362 to set an appointment.
For questions on installment sale of GSIS properties, email the Real Property Accounts Management Department at acquiredassetsfinancing@gsis.gov.ph.
GSIS may also be reached through its contact center 8847-4747 (if in Metro Manila), 1-800-8-847-4747 (for Globe and TM subscribers), and 1-800-10-847-4747 (for Smart, Sun, and Talk ‘N Text subscribers). Interested parties may also email or call the GSIS branch nearest them (access the email address or contact number of branches through this link:(https://www.gsis.gov.ph/contact-gsis/?csrt=6126179519869489549).
For more information, they may also visit the GSIS website (www.gsis.gov.ph) or Facebook page (@gsis.ph).
