GSIS to release P19B in loan refunds to 1.37M members

The Government Service Insurance System (GSIS) on Sunday said it is set to release more than P19 billion in loan refunds to about 1.37 million members and pensioners under its Balik Ginhawa (Loan Moratorium Through Refund) program.

GSIS data show that monthly loan amortizations range from P4,000 to P39,000, or roughly P12,000 to P117,000 over three months.

The program covers loan payments made from December 2025 to February 2026, with refund amounts varying based on the number of payments made during the period.

Unlike a traditional moratorium, GSIS will continue collecting loan payments but will refund up to three months’ worth of amortizations in a lump sum.

GSIS President and General Manager Wick Veloso said the initiative aims to provide immediate and meaningful financial relief.

“This is a more responsive approach than a traditional moratorium. Instead of suspending payments, we are returning up to three months of amortizations in one lump sum, giving our members immediate support when they need it most,” Veloso said.

Only members and pensioners who made loan payments during the covered period are eligible for refunds. Those who did not make payments during these months will not qualify.—MCG, GMA News