Amid the COVID-19 pandemic, the Government Service Insurance System (GSIS) is now accepting loan payments from its active members through its associate banks as part of its Ginhawa for All (GFAL) initiative to make GSIS transactions much easier and safer.
“We have been introducing additional secure, accessible, user-friendly payment channels to help our members meet their obligations and prevent their accounts from ballooning while dealing with the restrictions posed by the pandemic. It is also GSIS’s way of improving our loan collection efficiency. Soon, payments for other GSIS products, services, and fees may also be paid through these online payment facilities. Rest assured that we will be entering into a partnership with other banks for this purpose to give the ginhawa that our members deserve,” GSIS President and General Manager Rolando Ledesma Macasaet stated.
Members can now pay for GSIS loans via the online payment services of GSIS’s service banks, Union Bank of the Philippines (Union Bank) and Land Bank of the Philippines (LandBank). Individuals may settle their loans in early or underpay, delay, or default on accounts, particularly those that have been outstanding for more than six months.
UnionBank’s web app, Landbank’s Link.BizPortal and LANDBANK Mobile Banking are all options for paying GSIS loans and these are Member’s Cash Advance; Enhanced Salary Loan; Emergency Loan Assistance; Summer One Month Salary Loan; eCard Cash Advance; Enhanced Consoloan; Emergency Loan; Home Emergency Loan Program; Study Now, Pay Later Loan; Fly PAL, Pay Later Loan; Educational Assistance Loan; Stock Purchase Loan; Regular Policy Loan; Optional Policy Loan; GSIS Financial Assistance Loans (GFAL); Program for Restructuring and Repayment Debts; Multi-Purpose Loans; GFAL- Education Loan; and Computer Loan.
To pay, GSIS members with UnionBank accounts must first install the UB (UnionBank) Online App from the Appstore or Apple Store, then log in to your account using the one-time PIN (OTP) issued to your phone number.
Choose “GSIS Service Loans” and “Type of Loan” once they’ve logged into their account. Click the “PAY” button after entering the borrower’s GSIS Business Partner (BP) Number, surname, mobile number, email address, and payment amount. An email confirmation and SMS will be delivered to the payor’s email address and mobile phone number.
LandBank account holders should first join the bank’s iAccess program then use their LBP account to pay through Landbank Link.BizPortal.
They must choose “Government Service Insurance System” and “Loan Payment” as their payment options. Click “CONTINUE” after entering the “Amount Due,” “BP Number,” “Last Name,” “Mobile Number,” and other transaction details. Choose “LANDBANK” as the “Payment Method” and provide the mobile number, which will be used to send the OTP confirming the transaction. To verify the payment, they should encode the OTP and click submit.
The GSIS will send a scanned copy of the official receipt in your email. The member-borrower can receive an official receipt from the cash register units of their managing branch and must show either a scanned copy of the official receipt, a printed copy or a screenshot of the transactional payment receipt, or an SMS issued by the bank to the payor. – WhatALife!