GSIS to Release Over P19B in Loan Refunds for 1.37M Members, Pensioners

The Government Service Insurance System (GSIS) will release more than P19 billion under its Balik Ginhawa (Loan Moratorium Through Refund) program, benefiting 1.37 million members and pensioners with active loan accounts.

GSIS data show that monthly loan amortizations range from ₱4,000 to ₱39,000, depending on the loan amount, equivalent to roughly ₱12,000 to ₱117,000 over three months.

The program covers loan payments made from December 2025 to February 2026. Refund amounts will vary depending on how many payments borrowers made during this period.

Unlike a traditional moratorium, GSIS will continue loan deductions but will refund up to three months of amortizations in a single lump sum.

GSIS President and General Manager Wick Veloso said the initiative is meant to deliver 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. Those without payments during these months will not qualify for a refund.