February 4, 2025 | 12:00am
MANILA, Philippines — State-run Government Service Insurance System (GSIS) has introduced a loan buyout program that allows government employees to consolidate their debts at significantly lower interest rates, providing much-needed financial relief for state workers.
Under the MPL Max program, qualified members can borrow up to 19 times their salary or P5 million, whichever is lower, with interest rates as low as six percent and repayment terms extending up to 10 years.
The program eliminates surcharges on existing GSIS loans, waives service fees and includes free…
