Government workers with outstanding GSIS loans may soon receive a welcome financial boost — the state pension fund is offering to credit the equivalent of three months’ loan amortizations directly to their accounts in one lump sum, for those who choose to apply.
The Government Service Insurance System (GSIS) has launched Balik Ginhawa, a modified loan moratorium that delivers relief upfront rather than spreading it over time, even as regular salary deductions continue.
GSIS president and general manager Wick Veloso said Balik Ginhawa is designed to put meaningful assistance in members’ hands immediately while keeping the fund stable for the long term.
“Sa ganitong paraan, agad ninyo itong magagamit para sa inyong mga pangangailangan. Mananatili ang regular na salary deductions upang mapanatili ang kaayusan at katatagan ng GSIS, at upang patuloy na mapangalagaan ang kapakanan ng mga miyembro nito,” Veloso said.
The initiative is part of GSIS’ support for the Marcos administration’s UPLIFT program, aimed at easing the financial burden on Filipinos amid rising living costs.
Participation is voluntary and applications are done through the GSIS Touch mobile app, with approved members enjoying a three-month loan term extension at no additional interest or penalties.
Under Balik Ginhawa, the refund will cover loan amortizations for December 2025 to February 2026, which will be credited directly to members’ accounts in one transaction.
This sets it apart from a traditional moratorium, where members temporarily stop paying and relief is felt gradually — here, the full three months’ worth is returned at once, giving members immediate access to a larger, more useful amount.
Regular salary deductions, meanwhile, remain in place to preserve the financial health of the GSIS fund.
Once the moratorium period lapses, the loan term is simply extended by three months, with no additional interest or penalties charged on the deferred amounts.
Members may apply through the GSIS Touch app and are advised to check official GSIS announcements for further details.
