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State-run Government Service Insurance System said Wednesday it is extending its restructuring program for service loans until May 19, 2025.
“The GSIS offers a restructuring and condonation program for all past due loans. This underscores our commitment to help members and pensioners manage their financial well-being and get back on track by offering flexible terms and condoning penalties,” said GSIS president and general manager Jose Arnulfo Veloso.
It is designed to aid former members, old-age pensioners, reemployed members, borrowers who previously availed of PRRD and those with overdue loans. The program provides a one-time condonation and restructuring option, making it easier for borrowers to manage due and demandable service loans, as well as their penalties and surcharges.
Applicants are required to submit a duly accomplished form along with a photocopy of the GSIS ID, Phil ID, passport or any two valid government-issued IDs.
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