GSIS Loan Condonation and Restructuring Program

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GSIS NO. 48: GSIS Loan Condonation and Restructuring Program

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Title Supreme Court: GSIS Loan Condonation and Restructuring Program

Law: Gsis No. 48

Decision Date: Mar 5, 2008

GSIS Resolution No. 48 establishes a Condonation Program that offers a 100% waiver of penalties and surcharges, along with a 50% reduction in interest on outstanding service loans declared in default as of December 31, 2007, while allowing for the restructuring of the remaining balance through a consolidated loan program.

condonation program

service loans

loan restructuring

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