The Government Service Insurance System (GSIS) on Friday launched a new gadget loan for government workers who need a new computer, tablet, or cellphone.

The state insurer said the program would allow qualified members to borrow up to P60,000, payable in three years, with six-percent interest per annum and no service fee.

Applications are accepted only through the GSIS Touch mobile app, ensuring a fast and paperless process.

Once approved, the proceeds will be credited directly to the member’s GSIS ATM account within one to three banking days after approval by GSIS authorized officers.

GSIS president and general manager Wick Veloso said the loan aims to make digital tools more accessible to members.

“We know the reality. With work-from-home and online learning, computers and gadgets are now necessities, not luxuries,” Veloso said.

“That’s why we launched Digital Ginhawa Loan to help our members buy gadgets to use in their work and studies,” he added.

Digitization upkeep

Veloso explained that the new loan program is intended not only to help members purchase essential gadgets but also to encourage them to keep up with the digitalization of GSIS services, now accessible through the GSIS Touch mobile app.

Members can use the app to apply for loans, check records, update contact details, and apply for pension and insurance benefits, all on one convenient platform.

Under the Digital Ginhawa Loan, members may buy a desktop, laptop, tablet, mobile phone, or any gadget needed for work or school.

To qualify, they must be active in their job with a permanent appointment, have no pending administrative or criminal case, and have no defaulted GSIS loans (except housing or computer loans).

The program also provides Loan Redemption Insurance to protect the member’s family by fully paying the loan in case of the borrower’s death during the term.