THE Government Service Insurance System (GSIS) is providing a debt relief program to help borrowers who are currently struggling to make payments under its housing loan program.
THE Government Service Insurance System is providing a debt relief program to help borrowers who are currently struggling to make payments under its housing loan program. GSIS President and General Manager Wick Veloso says the program is aimed at quickly providing relief to the worst hit among its members.As of the first quarter this year, GSIS has processed debt relief for about 1,143 housing loan borrowers under its Housing Accounts Restructuring and Condonation Program .
This condonation program is part of the broader Pambansang Pabahay Para sa Pilipino initiative of the Marcos administration under the Pabahay para sa Bagong Bayaning Manggagawa.The HARCP allows borrowers to lower their monthly payments by restructuring their loans, extending their repayment periods up to 10 years, and securing a 50-percent discount on the remaining interest if they pay their debt in full.
Adopts Debt Relief Program For Struggling Housing Borrowers
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GSIS pensioners urged to use online service amid scorching temperatureDefining the News
Read more »
PCO: IDs for government service fairs freeMalacañang yesterday reminded the public that the identification cards for its service fairs are free and no payment is needed to access such events or to receive assistance from state agencies.
Read more »
Marcos extends service of government contractual workersPresident Marcos has extended the employment of contract of service and job order workers in government whose contracts will expire in December, and has directed agencies to help them find permanent posts.
Read more »
Engagement of government workers under contract of service, JO extendedSunStar Publishing Inc.
Read more »
GSIS allocates P1.7b in emergency loans in 13 areasDefining the News
Read more »
GSIS teams up with PGEA to improve services to gov’t workersDefining the News
Read more »